Community Bancorp (CMTV) Q1 2026 earnings summary

Executive summary

• Net income for Q1 2026 rose 23.93% year-over-year to $4.4 million ($0.78 per share), primarily due to higher net interest income after credit loss expense.

• Total assets were $1.24 billion as of March 31, 2026, down 4.1% from year-end 2025 but up 3.99% year-over-year, driven by a $61.2 million decrease in overnight deposits and an $18.6 million increase in loans.

• Book value per share increased to $20.88 from $20.36 at year-end 2025.

• A quarterly cash dividend of $0.25 per common share was declared, payable May 1, 2026.

• Uplisted to the Nasdaq Capital Markets exchange, improving liquidity and share price.

Financial highlights

• Net interest income for Q1 2026 was $11 million, up 15.99% year-over-year, driven by higher loan yields and balances.

• Total interest income increased 10.3% year-over-year, supported by loan growth and higher rates.

• Non-interest income grew 11% to $1.75 million, with notable increases in service fees and loan-related income.

• Non-interest expense rose 8.5% to $7.06 million, mainly due to higher salaries, benefits, and administrative contracts.

• Earnings per share were $0.78, up from $0.62 in Q1 2025.

Outlook and guidance

• Management expects continued focus on loan growth, deposit retention, and prudent risk management, while maintaining commitment to relationship banking and community trust.

• Interest rate risk is actively managed, with net interest income projected to be resilient to moderate rate changes.

• Capital ratios remain well above regulatory requirements, supporting future growth and dividend payments.

• Forward-looking statements caution about economic, regulatory, and competitive risks.