Record $2.1M Quarterly Profit as Margin Holds at 4.41% and Book Value Climbs
EDVR has more than doubled off its 52-week low of $8.41 on light trading volume (0.1× avg).
Summary
Endeavor Bancorp posted record quarterly net income of $2.12 million, or $0.44 per diluted share, up from $1.89 million ($0.40) in Q2 2026 and $1.73 million ($0.36) a year earlier. Net interest income rose 5.5% sequentially to $9.1 million while the net interest margin held at 4.41%, up 32 basis points year-over-year, as cost of funds fell to 2.04% from 2.12%. Tangible book value per share climbed to $15.46 from $15.11 in Q2 and $14.21 a year ago, and the efficiency ratio improved to 62.1% from 63.2%. The soft spot is the loan book: total loans fell 3.0% to $644.9 million as $47.6 million of payoffs outran $28.5 million of new production, though deposits grew 0.9% to $731.2 million and non-performing loans eased to 0.36% of loans from 0.45%. At a $19.70 share price the stock trades near 1.27x tangible book, so the record earnings and margin stability are the story rather than a re-rating catalyst.
At the time of this announcement, EDVR was trading at $19.70 on OTC in the Finance sector, with a market capitalization of approximately $86.9M. 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.