First Seacoast Bancorp returns to profit with net income of $249,000 in Q2 FY26; net interest margin widens to 2.62% - FSEA News | RalliesFirst Seacoast Bancorp returns to profit with net income of $249,000 in Q2 FY26; net interest margin widens to 2.62%
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FSEA• Quarterly results and margin improvement
- First Seacoast Bancorp swung to net income of $249,000 in the quarter ended June 30, 2026 from a net loss a year earlier.
- Net interest and dividend income rose 7.5% to $3.7 million, lifting annualized net interest margin 27 basis points to 2.62%.
- Total interest and dividend income fell 4.5% to $6.4 million, while interest expense dropped 17% to $2.7 million.
- Assets declined 3.9% to $576.1 million since Dec. 31, 2025, as available-for-sale securities slid 12.2% to $133.8 million.
- Deposits decreased 3.5% to $454.2 million, while borrowings from the FHLB fell 14.3% to $44.8 million.
