Sturgis Bancorp 3Q26 net income rises 8% year over year to $2.54 million
STBI•Sturgis Bancorp’s third-quarter 2026 net income rose 8% year over year to $2.54 million. Net interest income increased 8% to $8.95 million, and noninterest income rose 14% to $2.78 million.
1. Quarterly results
Third-quarter net income rose 8% year over year to $2.54 million. Net interest income climbed 8% to $8.95 million, while noninterest income increased 14% to $2.78 million.
2. Debt and branch plans
Subordinated debt issued during the quarter stood at $24.83 million at period-end, with proceeds supporting debt repayment and additional bank capital. Sturgis Bancorp purchased real estate for a full-service branch in Paw Paw, Michigan, expected to open in late 2027.
