First Resource Bank Q2 FY26 net income rises 46% to $2.8 million; EPS increases 48% to $0.93
FRSB•Balance sheet and credit quality
Total loans grew 3% in the quarter to $726.9 million; total deposits increased 4% to $745.4 million.
Non-performing assets fell to $881,000, or 0.10% of assets, following the full collection of a $2.3 million non-accrual commercial loan relationship.
Margin widens on recovered interest
Net interest margin widened 29 basis points to 4.09%, partly due to recovery of past-due interest on a nonaccrual loan repaid in full.
Quarterly profit and revenue metrics improve
First Resource Bank posted Q2 net income of $2.8 million, up 46% from a year earlier and up 13% from Q1.
Diluted EPS rose 48% year over year to $0.92; net interest income climbed 36% to $8.1 million.
