Bank of Botetourt Q2 FY26 net income rises 67.3% to $5.3 million - BORT News | RalliesBank of Botetourt Q2 FY26 net income rises 67.3% to $5.3 million
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BORT• Q2 FY26 results
- Bank of Botetourt Q2 net income rose 67.30% to USD 5.3 million, or USD 2.62 a share.
- Noninterest income more than doubled to USD 3.55 million, boosted by a one-time pre-tax gain of USD 3.8 million.
- Net interest margin widened 49 basis points to 4.02%; provision for credit losses climbed to 505,000.
- Total assets increased 1.50% from year-end to USD 939.41 million; net loans rose 3.01% to USD 772.97 million.
- Board declared a USD 0.25 common dividend payable Aug. 17, with a USD 0.49 preferred dividend payable Aug. 7.
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