Foresight Financial Q3 Net Income Soars 167% YoY to $4.27M
FGFH sits 65% above its 52-week low of $30.25 on elevated volume (4.3× avg).
Summary
Foresight Financial reported Q3 2026 net income of $4.27M, up 167% year-over-year, with EPS of $1.18 versus $0.44 a year ago. Net interest margin compressed to 3.53% from 3.69% in Q2, while nonperforming assets held at 1.10% of assets. Provision expense fell to $450K from $524K sequentially, and noninterest expense dropped 10% YoY to $11.07M. Deposits grew 7.8% YoY to $1.49B, though loan balances declined as the mix shifted to securities. The stock trades near its 52-week high of $51.00, suggesting the market has partially priced in improved profitability. The YoY profit jump is material for a $181M market cap bank, but the QoQ margin decline and lower loan balances temper the outlook.
At the time of this announcement, FGFH was trading at $49.89 on OTC in the Finance sector, with a market capitalization of approximately $181M. The 52-week trading range was $30.25 to $51.00. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Wiseek News.