Mission Valley Bancorp: third-quarter profit falls to $1.2 million
Regional lender Mission Valley Bancorp reported net income of $1.2 million, down from $2.1 million a year earlier, as provisions rose and its leadership changed.
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what happened
According to TradingView, citing the company's press release, Mission Valley Bancorp earned $1.2 million, or $0.36 per diluted share, in the third quarter of 2026. A year earlier the same period brought $2.1 million, or $0.62 per share.
For the nine months ended September 30, net income was $3.8 million, against $4.9 million a year earlier. Net interest income rose 7% to $8.4 million, while non-interest income fell almost 18%. The provision for credit losses reached $0.5 million, mainly due to the charge-off of one commercial loan. Total deposits grew to $648.4 million and gross loans reached $637.1 million.
The bank also changed its leadership. Brian Carlson was appointed President and CEO of Mission Valley Bank, while Tamara Gurney became Executive Chair and CEO of the holding company.
why it matters
For markets, this is a report from a small regional bank, so its impact on the broader market is limited. Investors in small lenders should focus on loan quality, where classified loans rose from $16.7 million to $33.1 million and non-accrual loans from $9.2 million to $13.0 million.
tags
instruments
sources
- Mission Valley Bancorp Reports Third Quarter Results — TradingView, 30 October 2026 at 23:52 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
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