PSB Holdings Q3 net interest income rises on lower funding costs

By Reuters News


Overview

  • US community bank's Q3 diluted EPS rose to $0.94 from $0.81 in prior quarter

  • Net interest income increased quarter-over-quarter, driven by improved net interest margin

  • Company expects previously announced merger with Bank First to close in December 2026


Outlook

  • PSB Holdings expects to close merger with Bank First on Dec. 4, 2026

  • Company says it has received all required shareholder and regulatory approvals for merger


Result Drivers

  • NET INTEREST MARGIN - Co said improved net interest margin was driven by lower funding costs, including reduced deposit and FHLB advance costs

  • EXPENSE REDUCTIONS - Co attributed lower noninterest expenses to decreased salary and benefit costs from staff reductions and lower incentive accruals

  • MERGER PREPARATION - Co said additional efficiencies were gained in preparation for merger with Bank First, including lower merger-related expenses


Company press release:


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q3 EPS

$0.94

Q3 Net Income

$3.94 mln

Q3 Net Interest Income

$12.49 mln

Q3 Basic EPS

$0.95

Q3 Pretax Profit

$4.84 mln


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(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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