Steele Bancorp Q3 2026 net income falls 60% to $5.46 million
STLE•Steele Bancorp’s third-quarter 2026 net income fell 60% year over year to $5.46 million. Net interest income rose 38% to $13.63 million, while noninterest income fell 91% to $1.72 million and noninterest expense declined 25% to $8.12 million.
1. Quarterly results
Steele Bancorp’s third-quarter 2026 net income fell 60% year over year to $5.46 million. Net interest income rose 38% to $13.63 million, primarily driven by higher interest income from growth in loan and securities balances.
2. Prior-year comparisons
Noninterest income dropped 91% to $1.72 million, primarily because the company recorded a $17.83 million merger-related bargain purchase gain in 2025. Noninterest expense declined 25% to $8.12 million, primarily because 2025 included $3.87 million in merger expenses with no comparable expense this quarter.
