Sturgis Bancorp 2Q26 net income rises to $2.5 million; net interest income after credit loss reversal increases 11.13% vs 1Q26 to $9.5 million

STURGIS BANCORP INC

STURGIS BANCORP INC

STBI

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  • Sturgis Bancorp posted 2Q26 net income of $2.5 million, more than doubled from $1.6 million a year earlier.
  • Diluted EPS rose to $1.16; the quarterly dividend increased to $0.18 per share.
  • Tax-equivalent net interest margin widened 0.13 percentage points to 3.77% from 1Q26, while net interest income after credit losses climbed 11.13% to $9.5 million.
  • Credit loss expense swung to a $688,000 reversal, tied largely to a $40.1 million sale of residential mortgages.
  • Total assets grew to $1.03 billion; loans fell to $755 million and deposits eased to $893 million.


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: 202607131235ACCESSWRNAPR_____1190241) on July 13, 2026, and is solely responsible for the information contained therein.

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