Ottawa Bancorp FY26 Q2 net income more than doubles to $1 million

Reuters2026/07/30 02:28

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Ottawa Savings Bancorp posted Q2 net income of $1 million, more than doubled from a year earlier; EPS rose to $0.42.
Net interest income after recovery of credit losses increased 7.5% to $2.85 million as average yield on earning assets climbed to 5.24%.
Other income more than doubled to 754,181 on a $275,238 one-time, non-taxable BOLI gain.
Non-performing loans fell to $1.1 million; non-performing loans-to-gross loans ratio narrowed to 0.36% from 0.38% at Dec. 31, 2025.
Repurchased 1,202,370 shares across programs at an average $13.68; CEO Craig M. Hepner cited improved core banking performance and disciplined funding-cost management.

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. Ottawa Savings Bancorp Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202607292228PRIMZONEFULLFEED9800741) on July 30, 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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Ottawa Bancorp FY26 Q2 net income more than doubles to $1 million

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