Mission Bancorp Reports All-Time Record Quarterly Earnings of $9.2 Million for the Third Quarter of 2026, an Increase of 6% Year over Year. Annualized Total Deposit Growth of 14%. Announces Extension of Stock Repurchase Plan.
Key Highlights
- ➤Q3 net income $9.2M, or $3.05 per diluted share, up 6.1% year over year
- ➤Total deposits $1.81B, up 4.9% year over year; annualized growth reached 14%
- ➤Gross loans $1.52B, up $107.3M or 7.6% year over year
- ➤Net interest income $21.6M, up 8.2% year over year; net interest margin expanded to 4.38%
- ➤Mission extended its stock repurchase plan
Expert Statements
AJ Antongiovanni, President and CEO of Mission Bank
“We are proud to report record earnings of $9.2 million for the third quarter as well as annualized total deposit growth of 14% and over $107 million in loan growth year over year.”
AJ Antongiovanni, President and CEO of Mission Bank
“These results can be attributed to the strength of our team and the deep, personal relationships we have built with our customers.”
AJ Antongiovanni, President and CEO of Mission Bank
“Over the last couple quarters, we have increased our presence in existing markets and opened a new office in the Fresno market, which is driving growth.”
AJ Antongiovanni, President and CEO of Mission Bank
“Our success is directly tied to the depositors and borrowers who come to Mission seeking a relationship where bankers are knowledgeable and local.”
AJ Antongiovanni, President and CEO of Mission Bank
“Looking forward, the impacts of rising inflation and interest rates could contribute to an economic slowdown.”
AJ Antongiovanni, President and CEO of Mission Bank
“However, we proceed with confidence in the strength of our team and balance sheet.”
AJ Antongiovanni, President and CEO of Mission Bank
“We are well positioned to navigate the financial headwinds that could impact the broader market.”
Mission Bancorp Reports All-Time Record Quarterly Earnings of $9.2 Million for the Third Quarter of 2026, an Increase of 6% Year over Year. Annualized Total Deposit Growth of 14%. Announces Extension of Stock Repurchase Plan. PR Newswire
BAKERSFIELD, Calif., Oct. 26, 2026 /PRNewswire/ -- Mission Bancorp ("Mission" or the "Company") (OTC Pink: MSBC), a bank holding company and parent of Mission Bank (the "Bank"), reported unaudited net income available to common shareholders of $9.2 million, or $3.05 per diluted common share, for the third quarter of 2026, compared to net income available to common shareholders of $8.6 million, or $2.90 per diluted common share, for the third quarter of 2025, and net income available to common shareholders of $8.2 million, or $2.74 per diluted common share, for the linked quarter.
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