Record Q2 Earnings of $16.2M, Core EPS $1.87 Beat Expectations
AMBZ sits 73% above its 52-week low of $42.1 on light trading volume (0.2× avg).
Summary
American Business Bank posted record quarterly net income of $16.2 million, or $1.77 per share, for Q2 2026, up 2% from Q1 and 25% year-over-year. Core earnings, excluding securities losses, reached $17.1 million ($1.87 per share), reflecting strong loan growth and higher yields. Net interest margin held steady at 3.92%, supported by loan repricing and lower deposit costs. CEO Leon Blankstein noted a solid pipeline of new customer relationships and expects loan and deposit growth in the second half, though full-year net loan growth may trail last year's pace. The stock is trading near its 52-week high, and this beat reinforces the positive trajectory.
At the time of this announcement, AMBZ was trading at $73.00 on OTC in the Finance sector, with a market capitalization of approximately $664.3M. The 52-week trading range was $42.10 to $73.64. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: BusinessWire.