Lake Ridge Bancorp Q2 FY26 net income rises to $8.6 million; EPS climbs to $4.36
Reuters2026/08/17 18:09- Lake Ridge Bancorp posted Q2 net income of $8.6 million, or $4.36 a share, up from $7.4 million, or $3.75, in Q1.
- Net interest income rose to $26.3 million from $24.9 million in Q1, due to higher loan repricing and larger fed funds sold balances.
- Noninterest income increased to $5.3 million from $5 million, driven by higher Wealth Management and interchange income.
- Net loans climbed $43.1 million to $2.42 billion, reflecting growth in commercial real estate lending.
- CEO Jim Tubbs cited continued execution of the bank’s community-banking strategy, pairing relationship-driven service with modern technologies.
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