Community Bancorp EPS Jumps 23.9% to $0.78; Assets Top $1.24B
Community Bancorp reported consolidated first quarter 2026 earnings of $4.4 million, or $0.78 per share, up 23.9% from $3.5 million, $0.62 per share year earlier. Total assets rose to $1.24 billion, driven by 4.64% loan growth and 3.89% deposit increases, while ROA reached 1.42% and net interest margin hit 3.81%.
1. Q1 2026 Earnings Performance
Community Bancorp reported consolidated net income of $4.4 million for the quarter ended March 31, 2026, equal to $0.78 per share, compared to $3.5 million, or $0.62 per share in Q1 2025, reflecting a 23.93% year-over-year increase in earnings.
2. Asset and Deposit Growth
Total assets stood at $1.24 billion as of March 31, 2026, down $52.3 million from year end but up 3.99% year-over-year. Growth was fueled by a $43.6 million (4.64%) increase in the loan portfolio and a $38 million (3.89%) rise in deposits, funded through cash, maturing securities and increased core and brokered deposits.
3. Capital Metrics and Profitability
Return on average assets reached 1.42% and return on average equity was 15.31%, with a net interest margin of 3.81% and an efficiency ratio of 57.4%. Equity capital rose to $116.8 million, boosting book value per share to $20.88, and the board declared a quarterly cash dividend of $0.25 per share.
4. Nasdaq Uplisting and Strategic Outlook
The company completed its uplisting to the Nasdaq Capital Markets exchange during the quarter, enhancing liquidity and share trading. Tangible book value increased by 4% year-over-year and leadership highlighted continued relationship banking focus and shareholder returns as strategic priorities.