Potomac Bancshares Surpasses $1 Billion in Assets and Reports Third Quarter 2026 Results
PR Newswire•28/10/2026•07:00 ET
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Key Highlights
- ➤Q3 net income $2.6 million, or $0.63 per share, increased 12% year-over-year
- ➤Total assets surpassed $1.0 billion for the first time
- ➤Net interest margin expanded to 3.79% from 3.54% year-over-year
- ➤Deposits increased 24% annualized and 8% year-over-year
- ➤Potomac issued $15.0 million subordinated debt at a fixed 6.50% rate
Expert Statements
Alice Frazier, President and CEO of Potomac Bancshares
“While net income in the third quarter was lower than the preceding quarter, our second quarter results benefited from several revenue items that were not indicative of our ongoing earnings run rate. In contrast, third quarter performance reflects the strength of our core banking franchise, with continued expansion in net interest margin, strong deposit growth, solid loan production, and favorable asset quality. Reaching the $1 billion asset milestone while delivering a return on assets above 1.00% demonstrates the durability of our earnings and the effectiveness of our long-term growth strategy.”
Potomac Bancshares Surpasses $1 Billion in Assets and Reports Third Quarter 2026 Results PR Newswire
CHARLES TOWN, W.Va., Oct. 28, 2026 /PRNewswire/ -- Potomac Bancshares, Inc. (the "Company") (OTCID: PTBS), the bank holding company of Potomac Bank (the "Bank"), reported net income of $2.6 million, or $0.63 per basic and diluted earnings per common share, for the third quarter of 2026. This represents a 12% increase from the third quarter of 2025. Return on average assets was 1.02% and return on average equity was 11.70% for the quarter.
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