Magnolia Bancorp Q1 FY26 net loss widens to $69,000; net interest income rises 3.3% to $340,000
MAGNOLIA BANCORP INC MGNO | 0.00 |
- Magnolia Bancorp posted a net loss of $69,000, widening from a $30,000 loss a year earlier.
- Net interest income rose 3.3% to $340,000 as net interest margin widened 35 basis points to 3.8%.
- Interest income fell 4.9% to $390,000; interest expense dropped 38.3% to $50,000.
- Noninterest expense climbed 10.9% to $417,000 on higher salary costs and $14,000 of stock compensation expense.
- Total assets edged up 0.4% to $37.6 million; loans receivable, net slipped 0.9% to $30.4 million as paydowns exceeded originations.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Magnolia Bancorp Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0000927089-26-000090), on May 12, 2026, and is solely responsible for the information contained therein.
