Pacific Valley Bancorp Reports Q3 2026 Net Income Growth and Double-Digit Balance Sheet Expansion
Pacific Valley Bancorp (PVBK) announced its third quarter 2026 financial results, highlighted by a 45.2% year-over-year increase in net income to $1.4 million. The company reported significant balance sheet expansion, with total assets rising 11.9% to $667 million and total loans growing 13.5% to $589 million compared to the same period last year. This growth was primarily driven by increased non-owner occupied commercial real estate (CRE) and multifamily loans. Despite a slight sequential dip in net income from the second quarter due to higher deposit interest expenses and operating costs, the company's nine-month profitability rose 39.8% over the previous year. Net interest margin improved to 3.84% for the quarter. Management noted that their growth strategy is achieving economies of scale, while maintaining a strong liquidity position with contingent liquidity totaling $361 million.
Tickers: $PVBK
Topics: Asset Growth Earnings Per Share Interest Margin Loan Growth Net Income
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Part of the story Citizens Financial Services Reports Growth in Net Income and Interest Income for Q3 2026 (63 articles)