PSB Holdings Q3 net interest income rises on lower funding costs
PSBQ•PSBQ•PSBQ•PSBQ•PSB Holdings’ Q3 diluted EPS rose to $0.94 from $0.81 in the prior quarter, while net interest income increased to $12.49 million as net interest margin improved. The company expects its merger with Bank First to close on Dec. 4, 2026, after receiving required shareholder and regulatory approvals.
PSB Holdings reported Q3 diluted EPS of $0.94, up from $0.81 in the prior quarter. Net income was $3.94 million and net interest income was $12.49 million.
The company said improved net interest margin reflected lower deposit and FHLB advance costs. Lower noninterest expenses included reduced salary and benefit costs from staff reductions, lower incentive accruals and lower merger-related expenses. PSB Holdings expects its merger with Bank First to close on Dec. 4, 2026, and said it has received all required shareholder and regulatory approvals.
