Consumers Bancorp Q1 FY27 net income rises 15% to $3 million
CBKM•Consumers Bancorp’s first-quarter FY27 net income rose 15% year over year to $3 million. Net interest income increased 13% to $10.8 million, while the provision for credit losses rose 49% to $425,000.
1. Quarterly results
Consumers Bancorp reported net income of $3 million in the first quarter of FY27, up 15% year over year. Net interest income climbed 13% to $10.8 million, primarily due to higher yields on average interest-earning assets, while the provision for credit losses increased 49% to $425,000.
2. Loans and branches
New loans and commitments originated totaled $117.1 million, up 34% year over year. The Jackson branch will relocate in January 2027, and the Boardman office is expected to open in the third quarter of FY27.
