Bank of Botetourt Reports Strong Third Quarter 2026 Financial Results and Dividend Increase
Bank of Botetourt (BORT) has announced its unaudited financial results for the third quarter of 2026, reporting a significant increase in net income. The bank earned $3,969,000 ($1.95 per basic share), representing a 37.72% increase compared to the same period in 2025. This growth was supported by an expanded net interest margin of 4.11%, driven by higher asset yields and lower liability costs. The bank's profitability metrics showed marked improvement, with annualized Return on Assets (ROA) rising to 1.76% from 1.23% a year prior, and Return on Equity (ROE) climbing to 16.70%. Following these results, the Board of Directors approved a quarterly common dividend of $0.25 per share and a 7.00% preferred dividend.