Q2 results rise sharply after Northumberland Bancorp merger
Steele Bancorp posted Q2 net income of $5.26 million, more than doubled from a year earlier; EPS rose to $1.54.
Net interest income climbed 153.7% to $12.66 million, reflecting the August 2025 Northumberland Bancorp merger.
Noninterest income rose 258.4% to $1.89 million, driven by higher ATM and debit card fees and new trust income.
Noninterest expense increased 155% to $7.99 million, led by higher salaries and employee benefits and $666,000 of core deposit intangible amortization.
Total assets were $1.27 billion at June 30, 2026; net loans were $914.04 million and deposits totaled $1.12 billion.
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