Bancorp 34, Inc. Reports 3rd Quarter Performance
Key Highlights
- ➤Net income $2.435 million versus $1.867 million in 2Q26 and $1.733 million in 3Q25
- ➤Diluted EPS $0.33 versus $0.24 in both 2Q26 and 3Q25
- ➤Net interest margin 4.13%, up 5bps sequentially and 37bps year over year
- ➤Total loans declined $23 million to $684.624 million, driven by low-yield loan payoffs
- ➤Subordinated debt fully repaid, saving more than $1 million in annual interest expense
Expert Statements
Ciaran McMullan, Chairman and CEO of Bancorp 34
“Core(1) ROATA improved for the eighth consecutive quarter.”
Ciaran McMullan, Chairman and CEO of Bancorp 34
“Core(1) Net Interest Margin also improved over both the linked and prior year quarters.”
Ciaran McMullan, Chairman and CEO of Bancorp 34
“Total loans declined by approximately $23 million including $14 million with yields lower than 4.75%.”
Ciaran McMullan, Chairman and CEO of Bancorp 34
“Helping to drive an increase in total average core(1) loan yield of 14bps.”
Ciaran McMullan, Chairman and CEO of Bancorp 34
“We booked new lending commitments of approximately $30 million during the quarter and are on track to outperform total new commitments booked in FY2025.”
Ciaran McMullan, Chairman and CEO of Bancorp 34
“The bank recorded a $700,000 reverse provision tied to the expected reduction of a qualitative factor related to the Commerce Bank acquisition.”
Ciaran McMullan, Chairman and CEO of Bancorp 34
“The Bancorp paid off its subordinated debt in full during the 3(rd) quarter prior to its repricing, saving more than $1 million in annual interest expense.”
SCOTTSDALE, AZ / ACCESS Newswire / November 5, 2026 / Bancorp 34, Inc. (OTCID:BCTF), the parent company for Southwest Heritage Bank, together, the "Company" reports third quarter of 2026 performance.
Management Comments - Ciaran McMullan, Chairman & CEO * Core(1) ROATA improved for the eighth consecutive quarter. * Core(1) Net Interest Margin also improved over both the linked and prior year quarters. * Total loans declined by approximately $23 million including $14 million with yields lower than 4.75%. * Helping to drive an increase in total average core(1) loan yield of 14bps. * We booked new lending commitments of approximately $30 million during the quarter and are on track to outperform total new commitments booked in FY2025. * The bank recorded a $700,000 reverse provision tied to the expected reduction of a qualitative factor related to the Commerce Bank acquisition. * The Bancorp paid off its subordinated debt in full during the 3(rd) quarter prior to its repricing, saving more than $1 million in annual interest expense. 3Q26 Highlights
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