Touchmark Bancshares Reports 39% Increase in Third Quarter 2026 Net Income
Touchmark Bancshares, Inc. (TMAK) reported a strong third quarter for 2026, with net income rising 39% to $849,000 ($0.19 per diluted share) compared to the same period in 2025. This growth was driven by increased net interest income and a reduction in provisions for credit losses. The company also saw its net interest margin expand to 2.81%, marking its highest level since 2024. Despite a temporary slowdown in lending activity due to high interest rates and inflation, CEO Bobby Krimmel expressed optimism regarding organic loan growth returning in the fourth quarter. The bank successfully reduced nonperforming assets by 15% from the previous quarter and continued its strategy of exiting non-relationship deposit customers, leading to ten consecutive quarters of declining interest expense.
Tickers: $TMAK
Topics: Banking Financial Performance Net Income Share Repurchase
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Part of the story Cincinnati Financial Reports Third-Quarter 2026 Results (18 articles)