The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.

3 months ago

Version History

Version 23 months ago

What changed: The story was updated to include the strong Q1 financial results reported by John Marshall Bancorp (JMSB).

Version 13 months ago

What changed: The story was updated to include Flushing Financial Corporation's 1Q26 financial results, highlighting margin expansion, deposit growth, and merger progress.

StocksUpdated×2•Originally published 27 April 2026•Updated 29 April 2026•

1 min read

Flushing Financial and John Marshall Bancorp Results Show Strong Earnings and Margin Growth

Key Facts

1Hanover Bancorp reported net income of $1.9 million or $0.25 per diluted share for the quarter ended March 31, 2026.

2Adjusted net income excluding severance expenses was $4.0 million or $0.54 per diluted share for the quarter.

3The company declared a quarterly cash dividend of $0.10 per share.

Flushing Financial Corporation reported its Q1 2026 results with a Core EPS of $0.29 and a 16 basis point expansion in net interest margin. Simultaneously, John Marshall Bancorp (JMSB) announced a net income of $6.1 million for the quarter ended March 31, 2026, marking a significant 26.8% year-over-year increase. Diluted earnings per share for JMSB rose to $0.43, up from $0.34 in the same period last year. These results for Flushing Financial come as it nears its merger with OceanFirst Financial Corp, supported by a 15% surge in noninterest-bearing deposits. Overall, the latest financial data underscores strengthening operational efficiency and profitability across these regional banking institutions.

Sources:

globenewswire.com

accessnewswire.com

businesswire.com