Community Bancorp Q1 FY26 net income rises 23.9% to $4.4 million

Community Bancorp.

Community Bancorp.

CMTV

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  • Community Bancorp first-quarter net income climbed 23.9% to $4.4 million, lifting EPS to $0.78.
  • Net interest income rose to $10.95 million; tax-equivalent net interest margin widened 32 basis points to 3.81%.
  • Credit loss expense increased 20.44% to $391,505; allowance for credit losses edged up to $11.28 million, equal to 1.15% of total loans.
  • Total deposits fell 4.9% to $1.02 billion, reflecting runoff in demand and transaction accounts; loans grew 1.93% to $983.88 million.
  • Book value per share increased to $20.88; board declared quarterly cash dividend of $0.25 per share, payable May 1.


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