Company says it will continue focus on balance sheet management and efficiency initiatives in H2 2026
Overview
Texas bank holding company reported Q2 net income down 4% yr/yr
Net income for first half of 2026 rose 0.5% from prior year
Higher provision for credit losses offset gains from loan and investment portfolio growth
Result drivers and key details
Portfolio growth - Co said increased size of investment and loan portfolios drove higher interest income
Deposit rate redistribution - Decrease in interest expense attributed to redistribution in rates paid on deposits
Credit loss provision - Higher provision for credit loss expense offset gains, driven by loan portfolio growth and changes in non-accrual loan balances
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