GlobeNewswire·Jul 28, 2026, 8:30 AM ET

Endeavor Bancorp Reports Record Net Income of $1.9 Million for the Second Quarter of 2026; NIM Remains Strong at 4.41%

EDVR

Endeavor Bancorp reported net income of $1.89 million ($0.40 per diluted share) for the second quarter of 2026, up from $1.42 million in the first quarter of 2026 & $1.07 million in the second quarter of 2025.
Core pre-tax earnings reached $3.30 million in the second quarter of 2026, representing a 13.6% increase from the preceding quarter & a 45.0% increase year-over-year.
Net interest income totaled $8.6 million, a 1.3% increase from the prior quarter & a 16.2% increase compared to the second quarter of 2025.
Net interest margin narrowed slightly to 4.41% in the second quarter of 2026 from 4.48% in the first quarter but expanded 20 basis points year-over-year from 4.21%.
Provision for credit losses was $651,000 in the second quarter of 2026, down from $909,000 in the first quarter & $746,000 in the second quarter of 2025.
Non-interest expense decreased to $5.6 million in the second quarter of 2026, primarily due to a $300,000 annual board compensation payment made in the first quarter that did not recur.
Total assets grew by 2.2% to $823.0 million, while total loans increased by 0.7% to $664.8 million & total deposits rose by 2.2% to $725.0 million.
Non-performing loans accounted for 0.45% of the loan portfolio at June 30, 2026, compared to 0.17% at March 31, 2026.
Shareholders' equity increased to $66.6 million, with tangible book value per share rising to $15.11.
Capital ratios remained well above regulatory minimums, with a Tier 1 leverage ratio of 11.82% & a total risk-based capital ratio of 13.02%.
Brokered deposits (reciprocal deposits) decreased to $59.0 million as of June 30, 2026, from $111.7 million in the first quarter of 2026.
Annualized return on average equity was 11.40% in the second quarter of 2026, compared to 9.31% in the first quarter & 8.75% in the second quarter of 2025.