Cornerstone Bancorp Reports Third Quarter 2026 Net Income Growth and Improved Net Interest Margin
Cornerstone Bancorp, Inc. reported a strong third quarter for 2026, with consolidated net income rising to $3.3 million ($3.31 per diluted share) compared to $2.9 million in the prior year's third quarter. A key driver of this performance was the expansion of the net interest margin (NIM), which grew to 4.03% from 3.75% in Q3 2025, supported by increased interest earned on loans. The company's balance sheet showed steady growth, with total assets reaching $1.04 billion and the loan portfolio increasing by 10.2% year-over-year to $789.7 million. Additionally, Trust and Wealth Management assets under management rose significantly to $1.37 billion. Despite a slight increase in noninterest expenses, the bank maintained a well-capitalized position with a Tier 1 Leverage Capital Ratio of 10.57%.
Topics: deposits loan portfolio net income net interest margin shareholder equity