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Endeavor Bancorp Reports Record Net Income of $2.1 Million for the Third Quarter of 2026; Tangible Book Value Increases to $15.46 and NIM Remains Strong at 4.41%

EDVR
  • Endeavor Bancorp reported third-quarter 2026 net income of $2.12 million, or $0.44 per diluted share, compared to $1.89 million in the prior quarter and $1.73 million in the same period last year.
  • Core pre-tax earnings reached $3.54 million, representing a 7.3% increase from the second quarter of 2026 and a 24.0% rise from the third quarter of 2025.
  • Net interest income increased 5.5% to $9.1 million year-over-year, while the net interest margin remained stable at 4.41%.
  • The company recorded a provision for credit losses of $525,000, down from $651,000 in the second quarter of 2026.
  • Non-interest income decreased to $298,000, while non-interest expenses rose to $5.8 million.
  • The operating efficiency ratio improved to 62.1%, down from 63.2% in the prior quarter.
  • Total assets grew 1.5% to $835.0 million, supported by cash balances of $147.8 million representing 17.7% of total assets.
  • Total loans outstanding declined 3.0% to $644.9 million as loan payoffs of $47.6 million exceeded new production of $28.5 million.
  • Total deposits increased 0.9% to $731.2 million, with core relationship deposits growing by approximately $18.4 million.
  • The loan-to-deposit ratio decreased to 88.2% from 91.7% in the previous quarter.
  • Non-performing loans fell to 0.36% of total loans, while net charge-offs totaled $826,000 for the quarter.
  • Shareholders' equity increased to $68.2 million, with tangible book value per share rising to $15.46.
  • Capital ratios remained strong, with a Tier 1 leverage ratio of 11.54% and a total risk-based capital ratio of 13.33%.
  • The bank expanded its leadership team with the addition of Carlos Donis as SVP Orange County Team Leader to support regional growth.
  • Endeavor Bancorp trades on the OTCQX under the symbol EDVR.