Sturgis Bancorp 1Q26 net income rises 32.2% to $1.9 million

STURGIS BANCORP INC

STURGIS BANCORP INC

STBI

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  • Sturgis Bancorp reported 1Q26 net income of $1.9 million, up 32.2% from 1Q25.
  • Revenue totaled $12.7 million, while tax-equivalent net interest margin widened to 3.7% from 3.5% a year earlier.
  • Total assets climbed to $1.0 billion, while deposits increased to $908 million.
  • CEO Jason Hyska said earnings growth and tax-equivalent net interest margin rose versus 1Q25, while credit quality remained on solid footing.
  • For 2026, management said focus remains relationship banking, emphasizing expanded service offerings to existing customers across the bank’s footprint.


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. Sturgis Bancorp Inc. published the original content used to generate this news brief via ACCESS Newswire (Ref. ID: 202604221530ACCESSWRNAPR_____1159967) on April 22, 2026, and is solely responsible for the information contained therein.

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