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Exchange Bank Q3 net interest income rises on lower interest expense, increased loan balances

By Reuters News


Overview

  • Community bank's Q3 net income rose yr/yr

  • Net interest income for Q3 rose 8.4% from a year ago

  • Non-interest income fell 13.8% due to absence of prior year's one-time gains


Outlook

  • Company notes elevated competition for deposits and a challenging rate environment

  • Company estimates investment portfolio cashflow of over $60 mln through remainder of 2026


Result Drivers

  • NET INTEREST INCOME - Co said higher net interest income, driven by lower interest expense and increased loan balances, contributed to Q3 results

  • HIGHER OPERATING COSTS - Co said personnel and other operating expenses rose, impacting non-interest expense


Company press release:


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q3 Net Income

$8.87 mln

Q3 Net Interest Income

$25.18 mln

Q3 Pretax Profit

$10.62 mln


Reuters Recommended Reads

  • Oct 29 - Bankwell Financial Q3 revenue rises as asset quality improves

  • Oct 28 - NewtekOne Q3 net interest income rises

  • Oct 29 - Cullen/Frost Bankers Q3 net income rises on loan 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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