1st Summit Bancorp of Johnstown Announces Third Quarter 2026 Results
Business Wire•16/10/2026•16:30 ET
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Key Highlights
- ➤Net income $2.55 million, up 49.7% year over year and 2.3% sequentially
- ➤Gross loans $941.5 million, up 10.47% annualized during third quarter
- ➤Net interest margin 2.63%, up from 2.57% sequentially and 2.28% year over year
- ➤Total deposits $1.19 billion, up 4.68% annualized during third quarter
- ➤Nonaccrual loans remained 0.32% of total loans amid portfolio growth
Expert Statements
Allison Johnson, Chief Executive Officer of 1st Summit Bancorp
“Our third quarter results reflect the work that we have put into strengthening 1st Summit”
Allison Johnson, Chief Executive Officer of 1st Summit Bancorp
“During the third quarter, we grew loans at a double-digit annualized rate, maintained stable credit quality, and kept quarterly expense growth below 1%. We are particularly encouraged by our ability to grow the loan portfolio while also maintaining the strong underwriting standards that have served this Bank well.”
Allison Johnson, Chief Executive Officer of 1st Summit Bancorp
“The progress is visible in our results, but it begins with our people and the relationships they build every day. Our team has remained focused on understanding customers’ needs, earning their business, and managing the Bank with discipline. We believe that this commitment will continue to help us build a stronger earnings foundation while creating room to invest in the customer experience and the future of the franchise.”
Allison Johnson, Chief Executive Officer of 1st Summit Bancorp
“We enter the final quarter of 2026 encouraged by what our team has accomplished and focused on closing out a strong year by delivering solid operating results.”
Allison Johnson, Chief Executive Officer of 1st Summit Bancorp
“Our priorities remain clear: continue growing quality loans, build lasting deposit relationships, and preserve the discipline behind our progress. We are proud of how far we have come and remain committed to doing the work that creates long-term value for our shareholders, customers, and communities.”
1st Summit Bancorp of Johnstown Announces Third Quarter 2026 Results
1st Summit Continues Earnings Progress as Strong Loan Growth and Strategic Investments Strengthen the Franchise
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