PSB Holdings Q2 FY26 EPS falls 8.99% to $0.81; net income slips 5.56% to $3.4 million
PSBQ•Q2 FY26 earnings and income details
- PSB Holdings posted Q2 earnings of $0.81 per diluted share on net income of $3.3 million, down from $0.89 per share a year earlier.
- Merger-related expenses climbed to $671,000 from $120,000 in Q1, while net income excluding those costs was $3.8 million, or $0.94 per share.
- Net interest income rose to $12.1 million from $11.9 million in Q1, while noninterest income slipped to $2.1 million from $2.3 million.
Balance sheet trends and acquisition agreement
- Net loans increased $17.6 million to $1.13 billion, while deposits edged down $8.8 million to $1.18 billion.
- Bank First agreed to acquire PSB in an all-stock deal valued at about $202.9 million, exchanging 0.3470 Bank First shares for each PSB share.
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