Endeavor Bancorp Posts Record Net Income of $2.12 Million in Third Quarter
Key Facts
Endeavor Bancorp reported unaudited net income of $2.12 million in the third quarter of 2026, compared with $1.89 million in the second quarter and $1.73 million in the third quarter of 2025. The company said in its statement published via GlobeNewswire that the result represented record net income. Diluted earnings per share were $0.44, versus $0.40 in the previous quarter and $0.36 a year earlier. The comparison shows improvement in income and earnings per share on both a quarterly and annual basis. Endeavor Bancorp is the holding company for Endeavor Bank, and its shares trade on the OTCQX market under the ticker EDVR.
The company kept net interest margin at 4.41% in the third quarter, according to its results statement, alongside record net income. The margin measures the bank’s net interest returns, and second-quarter results provide a nearby basis for comparison. The margin was 4.41% in that quarter, after 4.48% in the first quarter of 2026, and stood at 4.21% in the second quarter of 2025. These figures show a quarterly decline in the margin in the second quarter compared with the first, while it remained above its level a year earlier. The third-quarter figure available in the statement matches the second-quarter reading.
In the second quarter, net interest income was $8.6 million, up 1.3% from the previous quarter and 16.2% from the second quarter of 2025, according to Endeavor Bank data. Assets reached $823.0 million on June 30, 2026, up 2.2% during the quarter and 10.2% year over year. Deposits were $725.0 million on the same date, an increase of 2.2% quarter over quarter and 8.6% year over year. Loans outstanding totaled $664.8 million. These figures place activity levels at the end of the second quarter in the context preceding the third-quarter results announcement.
Management attributed slower loan growth in the second quarter to increased repayments and refinancing of older loans. It said many of the loans repaid carried lower yields, allowing funds to be redeployed into new loans at higher rates. In the same quarter, the provision for credit losses was $651,000, compared with $909,000 in the first quarter of 2026 and $746,000 in the second quarter of 2025. Nonperforming loans accounted for 0.45% of the total loan portfolio on June 30, compared with 0.17% on March 31. Thus, the nonperforming loan ratio rose between the two dates, while the provision for credit losses declined from the two cited comparison periods.
The chief executive said balance-sheet management limited the contraction in net interest margin to 7 basis points from the previous quarter in the second quarter, amid a shift in the Federal Reserve’s policy tone. Management said disciplined balance-sheet management helped contain margin pressure during that period. The company reported net income of about $5.86 million in fiscal 2025, compared with about $3.18 million in 2024, according to its annual report. The annual comparison provides background on the improvement in net income ahead of the current quarterly results. At the latest available close in the data, EDVR shares were priced at $19.7 on October 23, 2026.