Q3 Net Income Rises to $5.1M as Margin Expands and Credit Improves
SLBK sits 71% above its 52-week low of $16.2 on light trading volume (0.1× avg).
Summary
Q3 net income came in at $5.1M, or $0.90 a share, up from $4.1M and $0.73 a year earlier — a 24% earnings increase. That edges past the record $5.0M ($0.89) posted in Q2, extending the profit run. Net interest margin widened to 4.61% from 4.27% a year ago, and returns were strong at 1.50% on assets and 17.17% on equity. Balance sheet growth was solid: loans rose $23.2M to $1.13B and deposits added $33.0M to $1.21B. Credit quality improved sharply, with nonperforming loans at 0.11% of loans versus 0.45% for full-year 2025. The stock trades near its 52-week high, so the bar was high; margin expansion plus clean credit is what supports the multiple.
At the time of this announcement, SLBK was trading at $27.65 on OTC in the Finance sector, with a market capitalization of approximately $156.8M. The 52-week trading range was $16.20 to $29.00. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Wiseek News.