Madison County Financial Q2 FY26 net income rises to $2 million; net interest margin widens 0.41 percentage point to 2.88% - MCBK News | RalliesMadison County Financial Q2 FY26 net income rises to $2 million; net interest margin widens 0.41 percentage point to 2.88%
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MCBK• Madison County Financial reports higher Q2 profit and margin expansion
- Madison County Financial posted Q2 net income of $2.04 million, up 38.57% from a year earlier; diluted EPS rose to $0.79 from $0.57.
- Net interest income climbed 16.58% to $4.18 million, while non-interest income increased 46.66% to $965,000.
- Net interest margin widened 0.41 percentage point to 2.88%.
- Total assets fell to $613.3 million at June 30 from $626.4 million at Dec. 31, driven by lower cash, net loans, FHLB stock and interest receivable.
- Deposits rose to $467.39 million from $445.66 million, while borrowings dropped to $34.4 million from $72.6 million.
- Nonaccrual loans increased to $1.73 million from $691,000; the bank remained well-capitalized with total capital of .
19.54%
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