Endeavor Bancorp Posts Record $1.9M Net Income, NIM Holds at 4.41%
EDVR has more than doubled off its 52-week low of $8.41 on light trading volume (0.1× avg).
Summary
Endeavor Bancorp reported record Q2 2026 net income of $1.9 million, or $0.40 per diluted share, up from $1.42 million in Q1. Net interest margin remained strong at 4.41%, only slightly compressed from 4.48% in the prior quarter, while the cost of funds edged down to 2.12%. The provision for credit losses dropped to $651,000 from $909,000 in Q1, reflecting improved credit trends. Total assets grew to $823 million, and the annualized return on equity improved to 11.40%. The results show disciplined expense management and steady loan growth, though elevated payoffs of older loans moderated net loan growth. With the stock trading near its 52-week high, this earnings beat reinforces the bank's upward trajectory.
At the time of this announcement, EDVR was trading at $20.25 on OTC in the Finance sector, with a market capitalization of approximately $89.2M. The 52-week trading range was $8.41 to $20.85. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: GlobeNewswire.