Oxford Bank Corporation Reports Third Quarter 2026 Net Income Growth
Oxford Bank Corporation (OXBC) announced its third-quarter 2026 operating results, reporting a consolidated net income of $3.8 million ($1.52 per share), representing a 24% increase compared to the same period in 2025. This growth was primarily driven by a 12.5% rise in net interest income and a significant boost in noninterest income, which included a one-time $1.1 million gain from the sale of its former Business Solutions Center and Operations Center. Despite the quarterly profit increase, year-to-date results show a slight decline in net income compared to 2025 due to rising operating expenses—specifically in salaries, software, and loan expenses related to large workouts—and an increased provision for credit losses. However, the company's balance sheet remains strong, with total assets growing 5.9% to $969.4 million and loans increasing nearly 10% year-over-year.
Tickers: $OXBC
Topics: balance sheet growth deposit growth earnings per share loan growth net income