Oxford Bank Q3 net income rises 24%
OXBC•Oxford Bank’s third-quarter net income rose 24% year over year to $3.79 million, while EPS increased 23% to $1.52. Core net income was flat, and the bank expects 2026 net income of $11.5 million to $12.0 million.
1. Third-quarter results
Oxford Bank reported third-quarter net income attributable to its parent of $3.79 million, up 24% year over year, and EPS of $1.52, up 23%. Core net income was flat compared with the prior year.
2. Income and outlook
Higher loans and deposits drove increased net interest income, with stable net interest margins. Noninterest income rose on a one-time gain from an asset disposal and strong gains on sales of SBA loans; noninterest expenses increased due to higher salaries, technology costs and other loan expense. Oxford Bank expects 2026 net income of $11.5 million to $12.0 million, or $10.8 million to $11.3 million on a core basis, and expects lower loan losses than peers in a recession due to its business mix.
