Oregon Pacific Bancorp Q1 net income falls

Oregon Pacific Bancorp

21/04/2026 21:46

Overview

U.S. community bank's Q1 net income declined from prior quarter, diluted EPS at $0.33

Net interest margin expanded to 4.13%, driven by loan prepayments and fee amortization

Company announced CEO Ron Green's pending retirement, Amber White named successor

Outlook

Company expects most benefit from retired brokered CDs to be realized in Q2 2026

Bank anticipates continued growth in trust services noninterest income in 2026

Financial operations for downgraded nonprofit loan expected to stabilize, with no loss anticipated

Result Drivers

MARGIN EXPANSION - Net interest margin rose to 4.13%, with about half the increase attributed to nonrecurring loan prepayments and fee amortization, per company

LOAN PAYOFFS - Decline in outstanding loan balances was driven by $16.7 mln in early loan payoffs, including a large property sale and refinancing into FNMA programs, per company

HIGHER NONINTEREST EXPENSE - Noninterest expense increased, mainly due to higher salaries, bonus compensation, payroll taxes, and employee benefits, per company

Company press release: ID:nBw2xbLhNa

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Net Income
$2.38 mln
Q1 Net Interest Income
$7.96 mln
Q1 Net Interest Margin
4.13%
Q1 Pretax Profit
$3.19 mln
Q1 Provision for Credit Losses
$37,000


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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)