CoastalSouth Bancshares Q2 FY26 net income rises 15.86% to $7.3 million - COSO News | RalliesCoastalSouth Bancshares Q2 FY26 net income rises 15.86% to $7.3 million
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COSO• Loans, deposits and dividend
- Loans held for investment grew $78.1 million, or 19.3% annualized from Q1, on loan production of $181.6 million.
- Provision for credit losses increased to $658,000 from $382,000; total deposits slipped $9.5 million from Q1 to $2.05 billion.
- The board declared a quarterly dividend of $0.05 per share, payable Aug. 27 to holders of record Aug. 13.
Q2 net income and earnings rise
- CoastalSouth Bancshares posted Q2 net income of $7.3 million, up 15.9% from Q1; diluted EPS rose to $0.59 from $0.51.
- Net interest income climbed 4.7% from Q1 to $20.7 million as net interest margin widened 7 basis points to 3.66%.
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