Private Bancorp of America Q3 2026 net income rises 18% to $11.41 million
PBAM•Private Bancorp of America’s third-quarter 2026 net income rose 18% year over year to $11.41 million, while net interest income increased 16% to $34.13 million. Criticized loans rose 24% from June 30 to $71.9 million at September 30.
1. Quarterly results
Private Bancorp of America’s third-quarter 2026 net income rose 18% year over year to $11.41 million. Net interest income increased 16% from a year earlier to $34.13 million.
2. Expenses and credit
Noninterest expense climbed 9% from the prior quarter to $18.38 million, partly due to higher compensation and NASDAQ uplisting costs. Criticized loans increased 24% from June 30 to $71.9 million at September 30, 2026.
3. CEO comments
CEO Rick Sowers described fourth-quarter pipelines as strong and said resources were being dedicated to improving credit metrics.
