American Savings Bank (NYSE: ASBH) reported third-quarter 2026 net income of $29.0 million, increasing from both the prior quarter and year. Diluted earnings per share were $0.45, versus $0.42 in the second quarter and $0.31 a year earlier. Net interest income reached $76.4 million, while net interest margin rose to 3.61% from 3.57% sequentially and 3.46% a year earlier.
Deposits fell 1.7% sequentially to $8,053.9 million, while loans declined 0.4% to $6,214.7 million. Nonperforming loans rose to 0.29% of net loans from 0.19% in both comparison periods. The efficiency ratio improved to 60.6%, and the tier 1 leverage ratio increased to 9.24%. ASB completed its initial public offering during the quarter. The board declared an unchanged $0.27 quarterly dividend, payable November 20, 2026, to holders of record November 9.
American Savings Bank (ASBH) will release its third-quarter 2026 earnings on October 29, 2026, after the market closes. The bank will host an earnings conference call and webcast on October 30 at 2:00 p.m. Eastern to discuss the results, followed by questions from participating sell-side research analysts. Webcast listeners will be in listen-only mode. The earnings release and a replay of the webcast will be available on the bank’s Investor Relations website.
American Savings Bank (ASBH) closed its upsized initial public offering of 8,057,240 common shares sold by existing stockholders on September 17, 2026, and today closed the underwriters’ full over-allotment exercise for an additional 1,208,586 shares at a public offering price of $16.00 per share.
The company did not receive any proceeds from these secondary sales. ASB’s common stock is listed on the New York Stock Exchange under the symbol ASBH. Piper Sandler & Co. served as sole book-running manager, with Keefe, Bruyette & Woods as lead manager and D.A. Davidson & Co. and Stephens acting as co-managers. The Form S-1 registration statement was declared effective by the OCC on September 15, 2026.
American Savings Bank (ASBH) priced an upsized initial public offering of 8,057,240 existing common shares at $16.00 per share on September 15, 2026.
The shares, all sold by current stockholders, will not generate any proceeds for ASB. Selling stockholders granted underwriters a 30-day option to buy up to 1,208,586 additional shares to cover over-allotments. Trading on the New York Stock Exchange is expected to begin on September 16, 2026, under the symbol ASBH, with closing expected on September 17, 2026, subject to customary conditions. Piper Sandler is sole book-running manager, with Keefe, Bruyette & Woods as lead manager and D.A. Davidson & Co. and Stephens as co-managers.