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Oxford Bank Q3 net income rises 24%

By Reuters News


Overview

  • US commercial bank's Q3 net income rose 24% yr/yr, with EPS up 23%

  • Core net income for Q3 was flat compared to prior year

  • Noninterest income boosted by one-time gain on asset disposal


Outlook

  • Oxford Bank expects 2026 net income of $11.5-$12.0 mln, or $10.8-$11.3 mln on a core basis

  • Company expects lower loan losses than peers in a recession due to business mix


Result Drivers

  • BALANCE SHEET GROWTH - Increased loans and deposits drove higher net interest income, with stable net interest margins

  • ASSET SALES AND SBA LOANS - Noninterest income rose due to one-time gain on asset disposal and strong gains on sale of SBA loans

  • HIGHER NONINTEREST EXPENSE - Driven by higher salaries, technology costs and other loan expense


Company press release:


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q3 EPS

$1.52

Q3 Net Income Attributabe To Parent

$3.79 mln


Reuters Recommended Reads

  • Oct 29 - First Mid Bancshares Q3 profit tops estimates on deposit growth

  • Oct 29 - West Bancorporation Q3 net income rises on higher net interest income

  • Oct 28 - Alerus Financial Q3 profit beats estimates on commercial lending growth


For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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