Oregon Bancorp (ORBN) Q1 2026 earnings summary

Executive summary

• Q1 2026 net income was $431,000, or $0.17 per share, versus $826,000, or $0.33 per share, in Q4 2025 and $520,000, or $0.21 per share, in Q1 2025.

• Net interest margin improved to 4.0% from 3.8% in Q4 2025; earnings were affected by winding down the Mortgage Banking Department.

Financial highlights

• Net interest income was $4.156 million, up from $3.816 million in Q1 2025; provision for loan losses was $22,000 versus $69,000.

• Noninterest income was $1.021 million versus $2.161 million YoY; noninterest expense fell to $4.585 million from $5.198 million.

• Net income before taxes was $570,000 versus $710,000 YoY; income tax provision was $139,000 versus $190,000.

Outlook and guidance

• Mortgage Banking wind-down is expected to be a short-term earnings headwind, with improvement anticipated in future quarters.

• Strategic focus remains on commercial banking, core business and individual banking needs, disciplined balance-sheet management, expense control, and credit quality.