PSB Holdings, Inc. Reports Quarterly Earnings of $0.94 Per Share
Key Highlights
- ➤PSB (PSBQ) diluted EPS rose to $0.94 from $0.81 sequentially and $0.86 year over year
- ➤Bank First will acquire PSB in an all-stock transaction valued at approximately $202.9 million
- ➤PSB net interest income increased to $12.5 million; net margin expanded to 3.48%
- ➤PSB merger closing remains targeted for December 4, 2026, with approvals received
- ➤PSB deposits increased $34.8 million to $1.21 billion, led by core deposits
Expert Statements
Scott Cattanach, President and CEO of PSB Holdings, Inc.
“We delivered strong third quarter earnings, supported by an improved net interest margin and additional efficiencies we gained in preparation for our merger with Bank First. We remain on track for closing the merger on December 4, 2026, and have received all required shareholder and regulatory approvals”
WAUSAU, Wis., Oct. 26, 2026 (GLOBE NEWSWIRE) -- PSB Holdings, Inc. (“PSB”) (OTCQX: PSBQ), the holding company for Peoples State Bank (“Peoples”) serving Northcentral and Southeastern Wisconsin reported earnings for the second quarter ending September 30, 2026 of $0.94 per diluted common share on net income of $3.8 million, compared to $0.81 per diluted common share on net income of $3.3 million during the second quarter ending June 30, 2026, and $0.86 per diluted common share on net income of $3.5 million during the third quarter ending September 30, 2025.
PSB’s third quarter of 2026 operating results reflected the following changes from the second quarter of 2026: (1) an increase in net interest margin due primarily to lower costing funds; (2) higher provision for credit losses on loans; (3) slightly lower non-interest income; (4) lower non-interest expenses due to a decrease in salary and employee benefits from fewer employees; and (5) slightly lower expenses associated with the merger.
Get started
Create a free account to read the full story.