Ottawa Bancorp, Inc. Announces 2026 Third Quarter Results
Key Highlights
- ➤Third-quarter net loss $0.1 million, or $0.04 per share, versus $0.4 million profit
- ➤Other expenses rose $1.1 million to $3.4 million, driven by Pontiac merger costs
- ➤Nine-month net income $1.5 million, or $0.62 per share, versus $1.4 million
- ➤Net interest margin expanded 30 basis points to 3.39% in the third quarter
- ➤Net loans increased 2.5% to $313.5 million; non-performing loans fell to 0.33%
Expert Statements
Craig Hepner, President and Chief Executive Officer of Ottawa Bancorp, Inc.
“Our core banking operations continued to perform well in the third quarter”
Craig Hepner, President and Chief Executive Officer of Ottawa Bancorp, Inc.
“Our net interest income increased 13.6% over the third quarter of last year, and our net interest margin expanded by 30 basis points to 3.39%, as the yield on our interest-earning assets continued to improve and our cost of funds continued to decline.”
Craig Hepner, President and Chief Executive Officer of Ottawa Bancorp, Inc.
“The net loss for the quarter reflects a $1.1 million increase in other expenses, driven primarily by higher legal, professional services and data processing costs. These increases were attributable almost entirely to expenses associated with our previously announced merger with Pontiac Bancorp, Inc.”
Craig Hepner, President and Chief Executive Officer of Ottawa Bancorp, Inc.
“Our balance sheet remains sound”
Craig Hepner, President and Chief Executive Officer of Ottawa Bancorp, Inc.
“Net loans grew 2.5% since year-end to $313.5 million, non-performing loans declined to 0.33% of gross loans, and the Bank’s capital ratios remain strong. As always, we appreciate the ongoing support of our shareholders, customers and team members.”
OTTAWA, Ill., Nov. 10, 2026 (GLOBE NEWSWIRE) -- Ottawa Bancorp, Inc. (the “Company”) (OTCQX: OTTW), the holding company for OSB Community Bank (the “Bank”), announced a net loss of $(0.1) million, or $(0.04) per basic and diluted common share, for the three months ended September 30, 2026, compared to net income of $0.4 million, or $0.18 per basic and diluted common share, for the three months ended September 30, 2025. For the nine months ended September 30, 2026, the Company announced net income of $1.5 million, or $0.62 per basic and diluted common share, compared to net income of $1.4 million, or $0.57 per basic and diluted common share for the nine months ended September 30, 2025. The loan portfolio, net of allowance, increased to $313.5 million as of September 30, 2026 from $305.8 million as of December 31, 2025 as originations and fundings exceeded payments and payoffs during the nine month period. Non-performing loans decreased to $1.0 million at September 30, 2026 from $1.2 million at December 31, 2025. As a result, the ratio of non-performing loans to gross loans decreased from 0.38% at December 31, 2025 to 0.33% at September 30, 2026.
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