Foresight Financial Q3 net income more than doubles to $4.27 million year over year
Bitget2026/10/13 20:31- Foresight Financial Group posted net income of $4.27 million for the quarter ended Sept. 30, 2026, up 167% year over year.
- Diluted earnings per share climbed to $1.18 from $0.44 a year earlier.
- Net interest income rose 13% to $14.81 million, while the tax-equivalent net interest margin widened 17 basis points to 3.53%.
- Nonperforming assets fell to $18.82 million from $28.44 million a year earlier, while the provision for credit losses increased to $450,000 from $372,000.
- CEO Peter Morrison said net interest margin moderated in the third quarter and some credit metrics rose from the prior quarter, while asset quality improved from a year ago.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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