Summit Bank Q2 FY26 net income rises 24.1% to $4.13 million

Reuters2026/07/22 13:03

By:Reuters

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Summit Bank posted Q2 net income of USD 4.13 million, up 24.1% from a year earlier; fully diluted EPS rose to USD 0.52.
Net interest income climbed USD 1 million, up 7.4% year over year; provision for loan losses improved by USD 0.3 million.
Total deposits increased USD 60.1 million, up 5.5% year over year, driven by USD 72.4 million of demand and money market growth as CDs fell USD 12.3 million.
Total net loans grew USD 58.3 million, up 5.4% year over year; quarterly loan growth was USD 27.6 million, up 2.5%.
Cash and securities rose to USD 153.5 million, or 11.5% of assets; available borrowing capacity climbed to USD 378 million.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Summit Bank published the original content used to generate this news brief via Business Wire (Ref. ID: 20260722102458) on July 22, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Summit Bank Q2 FY26 net income rises 24.1% to $4.13 million

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