Exchange Bank (EXSR) Q1 2026 earnings summary

Executive summary

• Net income after tax for Q1 2026 was $7.51 million, up from $5.61 million in Q1 2025, a 33.7% increase.

• Total assets stood at $3.27 billion as of March 31, 2026, a slight decrease of 0.23% year-over-year.

• The bank remains well-capitalized, with all regulatory capital ratios well above minimum requirements.

Financial highlights

• Net interest income rose 16.84% year-over-year to $24.43 million, driven by higher loan interest and lower interest expense.

• Non-interest income was $6.33 million, nearly unchanged from the prior year.

• Non-interest expense increased 4.27% to $20.63 million.

• Basic earnings per share increased to $4.38 from $3.27 year-over-year.

Outlook and guidance

• Management expects over $200 million in investment portfolio cashflow through the remainder of 2026.

• Forward-looking statements caution that actual results may differ due to various risks and uncertainties.