---
title: "PBCO 金融公司发布 2026 年第一季度财报"
type: "News"
locale: "zh-CN"
url: "https://longbridge.com/zh-CN/news/283715634.md"
description: "PBCO 金融公司公布了 2026 年第一季度的业绩，净收入为 270 万美元，每股收益为 0.52 美元，较 2025 年第四季度的 250 万美元和每股 0.48 美元有所上升。主要亮点包括平均资产回报率为 1.37%，净利差上升至 4.21%，每股有形账面价值为 18.59 美元。该银行面临 860 万美元的存款下降和 1000 万美元的大额贷款提前还款，但非利息收入增加了 166,000 美元，主要来自保理收入。杠杆比率改善至 15.04%"
datetime: "2026-04-22T19:51:05.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/283715634.md)
  - [en](https://longbridge.com/en/news/283715634.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/283715634.md)
---

# PBCO 金融公司发布 2026 年第一季度财报

**PBCO Financial Corporation Reports Q1 2026 Results**

**PBCO Financial Corporation (OTCID: “PBCO”),** the holding company (the “Company”) of People’s Bank of Commerce (the “Bank”), today reported net income of $2.7 million and earnings per share of $0.52 for the first quarter of 2026, compared to net income of $2.5 million and $0.48 per share for the fourth quarter of 2025.

**Highlights**

-   Return on average assets increased to 1.37% versus 1.23% in the prior quarter
-   Net interest margin increased to 4.21% versus 3.98% in the prior quarter
-   Tangible book value per share of $18.59, an increase of 1.4% in the first quarter

“I’m excited to share the first quarter results for the company, which reflect further expansion of our net interest margin, improved non-interest income, and continued management of our non-interest expense, all of which contributed to our increase in profitability for the first quarter,” reported Julia Beattie, President and CEO.

"We had a large loan prepayment of $10.0 million, which impacted the overall growth in our loan portfolio. The Bank was able to offset the prepayment with new loans booked, but the 0.1% increase in our loans was less than anticipated,” noted Beattie. As a result of the large prepayment, the Bank recognized income of $204 thousand of deferred fees plus a prepayment penalty during the quarter.

“Our deposits declined in the quarter by $8.6 million, a 1.3% decrease, which reflects the outflow of remaining balances from a large customer that began transitioning out of the Bank in the fourth quarter of 2025,” noted Beattie. “The Bank is focused on growing deposits for the balance of the year to support loan growth,” added Beattie.

During the first quarter, non-interest income increased by $166 thousand, with the increase primarily attributed to an increase in factoring revenue from our Steelhead Finance division of $136 thousand for the quarter. Non-interest expenses totaled $5.8 million in the first quarter, an increase of $19 thousand from the fourth quarter of 2025.

The Bank’s leverage ratio was 15.04% as of March 31, 2026, compared to 14.78% as of December 31, 2025. The Company’s tangible common equity was $94.3 million as of March 31, 2026, compared to $94.0 million as of December 31, 2025. During the first quarter, the Company completed stock repurchases for 50,841 shares at a weighted average price of $18.30 per share.

**About PBCO Financial Corporation**

PBCO Financial Corporation’s stock trades on the over-the-counter market under the symbol PBCO. Additional information about the Company is available in the investor section of the Company’s website at: www.peoplesbank.bank.

Founded in 1998, People’s Bank of Commerce is a full-service, commercial bank headquartered in Medford, Oregon with branches in Albany, Ashland, Central Point, Eugene, Grants Pass, Jacksonville, Klamath Falls, Lebanon, Medford, and Salem.

**"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995:**

This release includes forward-looking statements intended to qualify for the safe harbor from liability established by the Private Securities Litigation Reform Act of 1995. These forward-looking statements generally can be identified by the use of words or phrases such as "believes," "expects," "anticipates," "foresees," "forecasts," "estimates," “plans,” “projects,” or other words or phrases of similar import indicating that the statement addresses some future result, occurrence, plan, or objective. Similarly, statements herein that describe People’s Bank’s business strategy, outlook, objectives, plans, intentions or goals also are forward-looking statements. All such forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those expressed or implied in forward-looking statements.

**Consolidated Balance Sheets**

(Dollars in 000's)

**3/31/2026**

**12/31/2025**

**9/30/2025**

**6/30/2025**

**3/31/2025**

**BALANCE SHEET**

ASSETS

Cash and due from banks

$

5,319

$

5,959

$

6,194

$

6,917

$

4,909

Federal funds sold

\-

\-

\-

\-

\-

Interest bearing deposits

22,451

31,747

53,846

51,060

53,592

Investment securities

106,500

114,079

119,970

127,850

131,915

Loans held for sale

\-

\-

\-

\-

\-

Loans held for investment, net of unearned income

568,024

567,673

560,615

553,948

551,388

Total Loans, net of deferred fees and costs

568,024

567,673

560,615

553,948

551,388

Allowance for loan losses

(6,551

)

(6,418

)

(6,304

)

(5,971

)

(5,684

)

Premises and equipment, net

27,643

27,847

28,480

28,797

28,878

Bank owned life insurance

18,269

17,846

17,695

17,516

17,373

Other Assets

37,547

29,896

29,821

30,905

29,809

**Total assets**

**$**

**779,202**

**$**

**788,629**

**$**

**810,317**

**$**

**811,022**

**$**

**812,180**

LIABILITIES

Deposits

Demand - non-interest bearing

$

224,735

$

220,919

$

239,521

$

242,281

$

241,290

Demand - interest bearing

183,590

199,131

189,924

205,034

222,690

Money market and savings

226,985

223,944

236,949

222,265

208,683

Time deposits of less than $250,000

7,221

7,489

7,476

7,716

8,449

Time deposits of more than $250,000

2,824

2,484

3,072

2,757

2,741

Total deposits

$

645,355

$

653,967

$

676,942

$

680,053

$

683,853

Borrowed funds

27,792

27,894

28,274

28,381

28,487

Other liabilities

8,061

9,139

8,853

9,248

9,301

Total liabilities

$

681,208

$

691,000

$

714,069

$

717,682

$

721,641

STOCKHOLDERS' EQUITY

Common stock, surplus & retained earnings

$

105,087

$

104,634

$

104,022

$

102,138

$

100,643

Accumulated other comprehensive income, net of tax

(7,093

)

(7,005

)

(7,774

)

(8,798

)

(10,104

)

Total stockholders' equity

$

97,994

$

97,629

$

96,248

$

93,340

$

90,539

**Total liabilities & stockholders' equity**

**$**

**779,202**

**$**

**788,629**

**$**

**810,317**

**$**

**811,022**

**$**

**812,180**

**Consolidated Statements of Income**

(Dollars in 000's)

**1st Quarter 2026**

**4th Quarter 2025**

**3rd Quarter 2025**

**2nd Quarter 2025**

**1st Quarter 2025**

INCOME STATEMENT

INTEREST INCOME

Loans

$

9,129

$

9,007

$

8,749

$

8,595

$

8,351

Investments

437

462

477

496

517

Federal funds sold and due from banks

204

586

536

563

431

Total interest income

9,770

10,055

9,762

9,654

9,299

INTEREST EXPENSE

Deposits

2,208

2,438

2,591

2,483

2,486

Borrowed funds

261

262

262

259

257

Total interest expense

2,469

2,700

2,853

2,742

2,743

NET INTEREST INCOME

7,301

7,355

6,909

6,912

6,556

Provision for loan losses

130

250

345

278

51

Net interest income after provision for loan losses

7,171

7,105

6,564

6,634

6,505

NONINTEREST INCOME

Service charges

114

111

114

114

112

Steelhead finance income

1,413

1,277

1,236

1,224

1,147

BOLI Income

149

149

146

143

144

Other non-interest income

523

496

482

570

502

Total noninterest income

2,199

2,033

1,978

2,051

1,905

NONINTEREST EXPENSE

Salaries and employee benefits

3,725

3,735

3,578

3,543

3,536

Occupancy & equipment expense

832

844

868

854

865

Advertising expense

121

119

125

102

102

Professional expenses

214

188

194

218

198

Data processing expense

397

432

433

412

389

Loss on sale of investments

\-

\-

\-

\-

\-

Other operating expenses

490

442

595

790

703

Total noninterest expense

5,779

5,760

5,793

5,919

5,793

Income before taxes

3,591

3,378

2,749

2,766

2,617

Provision for income taxes

919

879

691

708

669

**NET INCOME**

**$**

**2,672**

**$**

**2,499**

**$**

**2,058**

**$**

**2,058**

**$**

**1,948**

Shares outstanding end of quarter

5,073,816

5,124,357

5,245,413

5,258,407

5,298,464

Average diluted shares outstanding

5,169,497

5,227,865

5,292,256

5,319,429

5,337,992

Earnings per share

$

0.52

$

0.48

$

0.39

$

0.39

$

0.37

Diluted earnings per share

$

0.52

$

0.48

$

0.39

$

0.39

$

0.36

(Dollars in 000's)

**3/31/2026**

**12/31/2025**

**9/30/2025**

**6/30/2025**

**3/31/2025**

**Performance Ratios**

Return on average assets

1.36

%

1.23

%

1.01

%

1.01

%

0.96

%

Return on average equity

10.81

%

10.26

%

8.68

%

8.94

%

8.75

%

Net interest margin

4.21

%

3.98

%

3.74

%

3.76

%

3.63

%

Yield on loans

6.55

%

6.35

%

6.23

%

6.23

%

6.13

%

Cost of deposits

1.41

%

1.42

%

1.51

%

1.46

%

1.50

%

Efficiency ratio excluding non-recurring expenses

60.83

%

61.35

%

65.19

%

66.04

%

68.47

%

Full-time equivalent employees

129

126

133

137

130

**Capital**

Community Bank Leverage Ratio

15.04

%

14.78

%

14.29

%

14.03

%

13.80

%

Book value per share

$

19.31

$

19.05

$

18.35

$

17.75

$

17.09

Tangible book value per share

$

18.59

$

18.34

$

17.65

$

17.05

$

16.39

Dividends per Share

$

0.25

$

\-

$

\-

$

\-

$

0.23

**Asset Quality**

Allowance for loan losses (ALLL)

$

6,551

$

6,418

$

6,304

$

5,971

$

5,684

Nonperforming loans (NPLs)

$

7,236

$

4,147

$

4,095

$

3,372

$

4,576

Nonperforming assets (NPAs)

$

7,236

$

4,147

$

4,095

$

3,372

$

4,576

Classified assets(2)

$

10,768

$

11,528

$

13,031

$

9,288

$

10,624

ALLL as a percentage of loans

1.15

%

1.13

%

1.12

%

1.08

%

1.03

%

Net charge offs (recoveries) to average loans

0.00

%

0.02

%

0.00

%

0.00

%

0.00

%

Nonperforming assets as a percentage of total assets

0.93

%

0.53

%

0.51

%

0.42

%

0.56

%

Classified Asset Ratio(3)

10.30

%

11.08

%

12.71

%

9.35

%

11.04

%

Past due as a percentage of total loans

1.27

%

0.73

%

0.87

%

0.96

%

0.88

%

**End of period balances**

Total securities and short term deposits

$

128,951

$

145,826

$

173,816

$

178,910

$

185,507

Total loans

$

568,024

$

567,673

$

560,615

$

553,948

$

551,388

Total earning assets

$

696,975

$

713,499

$

734,431

$

732,858

$

736,895

Intangible assets

$

3,660

$

3,670

$

3,681

$

3,690

$

3,701

Total assets

$

779,202

$

788,629

$

810,317

$

811,022

$

812,180

Total noninterest bearing deposits

$

224,735

$

220,919

$

239,521

$

242,281

$

241,290

Total deposits

$

645,355

$

653,967

$

676,942

$

680,053

$

683,853

**Average balances**

Total securities and short term deposits

$

137,263

$

176,173

$

181,528

$

181,971

$

179,784

Total loans

$

559,328

$

556,727

$

551,101

$

547,907

$

546,820

Total earning assets

$

696,591

$

732,900

$

732,629

$

729,878

$

726,604

Total assets

$

778,997

$

815,906

$

815,262

$

812,029

$

807,647

Total noninterest bearing deposits

$

217,778

$

233,390

$

237,705

$

240,960

$

239,660

Total deposits

$

642,883

$

680,475

$

682,347

$

681,775

$

680,707

(1) Effective March 31, 2020, People's Bank of Commerce opted into the Community Bank Leverage Ratio and is no longer calculating risk based capital ratios.

(2) Classified assets are defined as the sum of all loan-related contingent liabilities and loans internally graded substandard or worse, impaired loans (net of government guarantees), adversely classified securities, and other real estate owned.

(3) Classified asset ratio is defined as the sum of all loan related contingent liabilities and loans internally graded substandard or worse, impaired loans (net of government guarantees), adversely classified securities, and other real estate owned, divided by bank Tier 1 capital, plus the allowance for loan losses.

**Julia Beattie, President & CEO**  
(541) 608-8920, julia.beattie@peoplesbank.bank

View source version on businesswire.com: https://www.businesswire.com/news/home/20260422785308/en/

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