Profit at US regional banks rises in third quarter on wider net interest margins
Tompkins Financial and CBB Bancorp reported third-quarter results with higher profits driven by net interest margin expansion, according to Reuters.
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what happened
Tompkins Financial, a US regional bank, lifted its third-quarter diluted earnings per share 21% year on year, to $2 against a consensus of $1.95 from two analysts. Net interest income grew 21% to $77.3 million, and the margin rose to 3.65%. The sale of its insurance unit cut noninterest income by 47%. The bank raised its dividend 13.8% for the fourth quarter and gave no specific guidance.
CBB Bancorp, a US commercial lender, reported third-quarter net income of $5.09 million and earnings of $0.48 per share. Both measures rose from the prior quarter and the year-earlier period. Its net interest margin reached 3.4%, and it recorded no provision for credit losses. Noninterest income fell on lower gains from loan sales. The figures come from Reuters reporting.
why it matters
The results show that higher asset yields and lower funding costs are supporting interest income at lenders, a key theme for the US regional bank sector. Wall Street's median 12-month price target for Tompkins is $104.50, about 3.7% above its October 22 close of $100.78.
tags
instruments
sources
- Tompkins Financial Q3 profit rises on net interest margin expansion — Reuters, 23 October 2026 at 13:15 UTC
- CBB Bancorp Q3 profit rises as net interest margin improves — Reuters, 23 October 2026 at 13:08 UTC
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