Bank of San Francisco Reports Third Quarter 2026 Financial Results

Deposit growth outpaced loan growth, while higher deposit costs accompanied a lower quarterly net interest margin.

Rhea-AI Summary

Bank of San Francisco (BSFO) reported unaudited third-quarter 2026 net income of $2.3 million, up from both comparison quarters. Diluted earnings were $1.04 per share, versus $0.76 in the second quarter and $0.86 a year earlier. Nine-month net income reached $5.9 million, versus $4.6 million a year earlier.

At September 30, assets totaled $930.4 million, deposits $805.1 million and loans $737.9 million, up 33%, 33% and 27% year over year, respectively. Quarterly net interest income rose 21% year over year to $9.0 million, but net interest margin fell to 4.03% from 4.33%. Non-interest expense increased 24% to $5.7 million; non-interest income included $221,000 of non-recurring income. Book value rose 8% year over year to $40.15 per share. Capital ratios exceeded regulatory requirements, although they declined. Nonperforming assets were 0.08% of assets, versus 0.07% in June and 0.12% a year earlier.

22 points · 0 major

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0 major · 13 points

Hollow bars mark forward-looking points. How the balance works

Positive

• Moderate pointThird-quarter net income of $2.3 million rose 36% sequentially and 23% year over year.
• Moderate pointSeptember assets reached $930.4 million, up 8% sequentially and 33% year over year.
• Moderate pointSeptember deposits reached $805.1 million, up 9% sequentially and 33% year over year.
• Moderate pointSeptember loans reached $737.9 million, up 6% sequentially and 27% year over year.
• Moderate pointThird-quarter net interest income reached $9.0 million, up 9% sequentially and 21% year over year.
• Moderate pointThird-quarter non-GAAP pre-tax, pre-provision income reached $3.7 million, up 25% sequentially and 26% year over year.
• Moderate pointQuarterly efficiency ratio improved to 60.7% from 64.9%; year-to-date ratio improved to 62.9% from 64.8%.

15 minor points

• Minor pointThird-quarter diluted earnings reached $1.04, versus $0.76 sequentially and $0.86 a year earlier.
• Minor pointNine-month net income increased 30% to $5.9 million; diluted earnings rose to $2.74 from $2.14.
• Minor pointRelationship deposits, net of brokered-deposit reductions, increased $74.4 million during the quarter.
• Minor pointCommercial real estate loans reached $353.8 million, up 8% sequentially and 33% year over year.
• Minor pointResidential mortgages reached $318.4 million, up 8% sequentially and 20% year over year.
• Minor pointYear-to-date mortgage originations totaled approximately $71 million, with 62% generated by Private Banking.
• Minor pointNine-month net interest income rose 23% to $25.5 million.
• Minor pointNine-month net interest margin increased to 4.23% from 4.22% a year earlier.
• Minor pointNine-month non-GAAP pre-tax, pre-provision income rose 31% to $9.7 million.
• Minor point. Forward-looking: it has not happened yet and may not happen.The Bank expects investments to grow more slowly than revenues.
• Minor pointSeptember shareholders' equity reached $89.3 million, up 3% sequentially and 11% year over year.
• Minor pointSeptember book value reached $40.15 per share, up 2% sequentially and 8% year over year.
• Minor pointSeptember cash and cash equivalents increased 72% year over year to $138.567 million.
• Minor pointSeptember loan-to-deposit ratio decreased to 91.66%, from 93.94% in June and 95.95% a year earlier.
• Minor pointSeptember nonperforming assets were 0.08% of assets, below 0.12% a year earlier but above June's 0.07%.

Negative

• Moderate pointThird-quarter net interest margin fell to 4.03%, from 4.30% sequentially and 4.33% a year earlier.
• Moderate pointThird-quarter deposit costs rose to 1.58%, versus increases of 0.19% sequentially and 0.31% year over year.
• Moderate pointThird-quarter non-interest expense rose 24% year over year to $5.7 million, also up 5% sequentially.
• Moderate pointTier 1 and common equity Tier 1 ratios fell to 14.10% from 17.08% year over year; both exceeded requirements.
• Minor pointNine-month non-interest expense increased 20% to $16.4 million.

8 minor points

• Minor pointThird-quarter non-interest income of $409,000 included $221,000 of non-recurring income.
• Minor pointNon-interest-bearing deposits fell to 32.77% of deposits, from 32.89% in June and 39.33% a year earlier.
• Minor pointSeptember FHLB advances were $24 million, unchanged from June but absent a year earlier.
• Minor pointTier 1 leverage declined to 9.94% from 11.54% a year earlier, while exceeding regulatory requirements.
• Minor pointTotal risk-based capital ratio fell to 15.36% from 18.34% year over year, while exceeding requirements.
• Minor pointSeptember credit-loss allowance fell to 1.19% of loans from 1.29% a year earlier, unchanged from June.
• Minor pointSeptember common shares outstanding increased 3% year over year to 2,223,964, diluting existing holders.
• Minor pointAccumulated other comprehensive loss reached $432,000, versus $197,000 in June and $44,000 income a year earlier.

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SAN FRANCISCO, CA / ACCESS Newswire / November 2, 2026 / Bank of San Francisco ("the Bank") (OTCQX:BSFO) today reported unaudited net income of $2.3 million, or $1.04 per diluted share for the three months ended September 30, 2026, compared to $1.7 million, or $0.76 per diluted share for the three months ended June 30, 2026, and $1.8 million, or $0.86 per diluted share for the three months ended September 30, 2025. For the nine months ended September 30, 2026, the Bank reported net income of $5.9 million, or $2.74 per diluted share, compared to $4.6 million, or $2.14 per diluted share, for the nine months ended September 30, 2025.

"We are pleased with the Bank's performance through the first nine months of 2026," said William Keller, Chief Executive Officer. "As we approach $1 billion in assets, we see the accelerating benefits of our relationship-focused strategy reflected in the continued growth of loans, deposits, and earnings. As a result, we are reporting our best earnings per share profitability in almost five years, and pre-tax, pre-provision results that are substantially above prior periods while maintaining strong asset quality, a solid capital position, and a commitment to the personal service that sets Bank of San Francisco apart."

Financial Highlights

• Total assets were $930.4 million at September 30, 2026, an increase of $66.9 million, or 8% from June 30, 2026, and an increase of $232.0 million, or 33% from September 30, 2025.
• Net income for the quarter ended September 30, 2026, totaled $2.3 million, an increase of $603,000, or 36% from the quarter ended June 30, 2026, and an increase of $425,000, or 23% from the quarter ended September 30, 2025. Net income for the nine months ended September 30, 2026, totaled $5.9 million, an increase of $1.4 million, or 30% from the nine months ended September 30, 2025.
• Pre-tax, pre-provision income for the quarter ended September 30, 2026, totaled $3.7 million, an increase of $751,000, or 25% from the quarter ended June 30, 2026, and an increase of $760,000, or 26% from the quarter ended September 30, 2025. Pre-tax, pre-provision income for the nine months ended September 30, 2026, totaled $9.7 million, an increase of $2.3 million, or 31% from the nine months ended September 30, 2025.

"Relationship deposits, net of reductions in brokered deposits, increased $74.4 million during the quarter across all parts of the Bank. Our Laurel Village branch, which opened in January, grew by $18.7 million to $46.2 million, Private Banking grew by $27.5 million to $212.6 million, and Commercial Banking grew by $28.2 million to $489.8 million. It is especially rewarding to see the many long-term relationships our team has built continue to contribute to the Bank's growth," said Margaret Mak, Founder, Private Banking. "The loan mix continues to shift slightly toward commercial real estate as accelerated payoffs of legacy mortgages have limited net mortgage growth, while mortgage production remained strong. Year to date, mortgage originations totaled approximately $71 million, with 62% generated by Private Banking. These mortgages are true relationship loans. In aggregate, every dollar of mortgage and home equity lending has generated approximately 41 cents in deposits."

Balance Sheet Highlights

• Total deposits were $805.1 million at September 30, 2026, an increase of $64.4 million, or 9% from June 30, 2026, and an increase of $199.1 million, or 33% from September 30, 2025.
• Non-interest-bearing demand deposits were $263.9 million at September 30, 2026, an increase of $20.2 million, or 8% from June 30, 2026, and an increase of $25.5 million, or 11% from September 30, 2025. Non-interest-bearing deposits accounted for 32.77% of total deposits at September 30, 2026, compared to 32.89% at June 30, 2026, and 39.33% at September 30, 2025.
• Interest-bearing deposits were $541.3 million at September 30, 2026, an increase of $44.2 million, or 9% from June 30, 2026, and an increase of $173.6 million, or 47% from September 30, 2025. The total cost of deposits for the quarter ended September 30, 2026, was 1.58%, an increase of 0.19% from the quarter ended June 30, 2026, and an increase of 0.31% from the quarter ended September 30, 2025.
• Total loans were $737.9 million at September 30, 2026, an increase of $42.1 million, or 6% from June 30, 2026, and an increase of $156.5 million, or 27% from September 30, 2025. Unused commitments in the current quarter decreased $9.3 million from June 30, 2026, with increased client utilization during the quarter.
• Commercial real estate loans were $353.8 million at September 30, 2026, an increase of $25.5 million, or 8% from June 30, 2026, and an increase of $87.4 million, or 33% from September 30, 2025. Residential mortgage loans were $318.4 million at September 30, 2026, an increase of $23.2 million, or 8% from June 30, 2026, and an increase of $52.0 million, or 20% from September 30, 2025.
• The allowance for credit losses increased by $515,000 from June 30, 2026, consistent with the increase in outstanding loan balances for the quarter ended September 30, 2026.
• Non-performing loans represented 0.08% of total assets at September 30, 2026, compared to 0.07% at June 30, 2026, and compared to 0.12% at September 30, 2025.

"Growth brings opportunity, but it also requires preparation, and over the past year, we have invested in our team, technology, and operations to more effectively and efficiently serve our clients. A sound operating and risk management foundation complements our strong capital base and excellent credit quality," said Bill Ward, President and Chief Operating Officer. "As we enter our next stage of growth and operating leverage continues to improve, we expect investments to grow more slowly than revenues as evidenced by our improving efficiency ratio, which decreased from 64.9% to 60.7% in the quarter, and from 64.8% to 62.9% year to date."

Income Statement Highlights

• Net interest income for the quarter ended September 30, 2026, totaled $9.0 million, an increase of $723,000, or 9% from the quarter ended June 30, 2026, and an increase of $1.6 million, or 21% from the quarter ended September 30, 2025. Net interest income for the nine months ended September 30, 2026, totaled $25.5 million, an increase of $4.8 million, or 23% from the nine months ended September 30, 2025.
• Net interest margin (NIM) for the quarter ended September 30, 2026, was 4.03%, compared to 4.30% for the quarter ended June 30, 2026, and 4.33% for the quarter ended September 30, 2025. NIM for the nine months ended September 30, 2026, was 4.23%, compared to 4.22% for the nine months ended September 30, 2025.
• Non-interest income for the quarter ended September 30, 2026, totaled $409,000 including $221,000 of non-recurring income.
• Non-interest expense for the quarter ended September 30, 2026, totaled $5.7 million, an increase of $255,000, or 5% from the quarter ended June 30, 2026, and an increase of $1.1 million, or 24% from the quarter ended September 30, 2025. Non-interest expense for the nine months ended September 30, 2026, totaled $16.4 million, an increase of $2.8 million, or 20% from the nine months ended September 30, 2025.

Capital Highlights

• Total shareholders' equity was $89.3 million at September 30, 2026, an increase of $2.4 million, or 3% from June 30, 2026, and an increase of $8.7 million, or 11% from September 30, 2025.
• Book value per share was $40.15 at September 30, 2026, an increase of $0.94, or 2% from June 30, 2026, and an increase of $2.98, or 8% from September 30, 2025.
• The Bank remained well capitalized, with all capital ratios exceeding regulatory requirements, including a Tier 1 Leverage Ratio of 9.94%, Tier 1 Risk-Based Capital and Common Equity Tier 1 Ratios of 14.10%, and a Total Risk-Based Capital Ratio of 15.36%.

# # #

Non-GAAP Financial Measure

To supplement our financial statements, which are prepared and presented in accordance with GAAP, we use pre-tax, pre-provision income, a non-GAAP financial measure calculated by adding the provision for credit losses and income tax expense back to net income. This measure has limitations as an analytical tool, and you should not consider it in isolation or as a substitute for an analysis of our results under GAAP.

We believe pre-tax, pre-provision income gives management and investors additional information about the performance of our business operations and allows comparison between periods when the provision for credit losses and income taxes vary independently of business performance.

About Bank of San Francisco

Bank of San Francisco is an independent commercial and private bank built on personal relationships. Founded and headquartered in San Francisco since 2005, the Bank serves individuals, families, businesses, and nonprofits that value direct access to experienced bankers and a single point of contact across their financial lives.

With deep community roots and a broad reach, the Bank delivers high-touch service and quick decisions, supporting clients wherever life and business take them. Growth is fueled by referrals and the long-term loyalty of clients, colleagues, and community partners. Bank of San Francisco is a member of the FDIC and is an Equal Housing Lender. NMLS ID: 403437. Learn more at www.bankbsf.com.

Forward-Looking Statements

This press release contains certain forward-looking statements that involve risks and uncertainties, including statements relating to new products and anticipated growth. Forward-looking statements are those that are not statements of historical fact and may be identifiable by use of the words "believe," "expect," "intend," "anticipate," "plan," "estimate," "project," or similar expressions. These statements are based on current expectations, estimates and projections about Bank of San Francisco's business based, in part, on assumptions made by management. These statements are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict. These risks and uncertainties may affect the operations, performance, development, growth, capital needs and results of operations of Bank of San Francisco, and include, but are not limited to, local and national economic conditions; interest rate changes; inflation and monetary policy; changes in the financial performance and/or condition of our loan and deposit clients; changes in the levels of performing and nonperforming assets and charge-offs; timely implementation by Bank of San Francisco of new products and technology enhancements; the impact of competitive products, services and pricing; acts of war, terrorism or civil unrest; the soundness or failure of other financial institutions that may directly or indirectly affect the Bank; potential deposit withdrawals triggered by client concerns following the failures of or risks at other depository institutions; the effect of the COVID-19 pandemic and other infectious illness outbreaks that may arise in the future; natural disasters, such as earthquakes; clients' requirements and preferences; federal, state and local legislation and regulatory developments; the ability to retain or increase market share, retain or grow client relationships and control expenses; changes in regulatory or generally accepted accounting principles and other similar matters. Readers are cautioned not to place undue reliance on forward-looking statements, which are subject to influence by the foregoing risk factors and unanticipated future events. Actual results, accordingly, may differ materially from management's expectations. Bank of San Francisco undertakes no obligation to update such forward-looking statements except as required by law.

Bank of San Francisco

Balance Sheets (Unaudited)

($000, except share and per share amounts)

		For the Periods Ended																				Year Over Year Change
		9/30/2026				6/30/2026				3/31/2026				12/31/2025				9/30/2025				$				%
Assets
Cash and due from banks		$	8,052			$	5,502			$	7,129			$	10,899			$	6,604			$	1,448				22	%
Interest bearing deposits in banks			130,515				118,488				84,997				60,827				74,188				56,327				76	%
Total cash and cash equivalents			138,567				123,990				92,126				71,726				80,792				57,775				72	%
Securities available-for-sale, at fair value			40,388				30,043				25,887				26,025				25,038				15,350				61	%
Loans, net of deferred costs/fees			737,937				695,805				637,010				623,030				581,443				156,494				27	%
Allowance for credit losses			(8,814	)			(8,299	)			(7,749	)			(7,659	)			(7,518	)			(1,296	)			17	%
Loans, net of allowance for credit losses			729,123				687,506				629,261				615,371				573,925				155,198				27	%
Premises and equipment, net			2,865				2,935				3,036				2,590				1,632				1,233				76	%
Accrued interest receivable & other assets			19,474				19,078				17,200				17,342				17,021				2,453				14	%
Total Assets		$	930,417			$	863,552			$	767,510			$	733,054			$	698,408			$	232,009				33	%
Liabilities & Shareholders' Equity
Non-interest bearing deposits		$	263,850			$	243,621			$	276,352			$	265,492			$	238,330			$	25,520				11	%
Interest bearing deposits			541,259				497,078				393,651				372,073				367,669				173,590				47	%
Total deposits			805,109				740,699				670,003				637,565				605,999				199,110				33	%
FHLB advances			24,000				24,000				-				-				-				24,000				n/m
Accrued interest payable and other liabilities			12,005				11,990				12,389				12,432				11,795				210				2	%
Total Liabilities			841,114				776,689				682,392				649,997				617,794				223,320				36	%
Common stock			30,283				29,869				29,614				29,490				29,261				1,022				3	%
Retained earnings			59,452				57,191				55,534				53,521				51,309				8,143				16	%
Accumulated other comprehensive (loss) income			(432	)			(197	)			(30	)			46				44				(476	)			-1082	%
Total Shareholders' Equity			89,303				86,863				85,118				83,057				80,614				8,689				11	%
Total Liabilities & Shareholders' Equity		$	930,417			$	863,552			$	767,510			$	733,054			$	698,408			$	232,009				33	%
Book Value per Common Share		$	40.15			$	39.21			$	38.94			$	37.94			$	37.17			$	2.98				8	%
Total Common Shares Outstanding			2,223,964				2,215,113				2,185,966				2,188,985				2,168,841				55,123				3	%
Capital Ratios
Tier 1 Leverage ratio			9.94	%			10.92	%			11.27	%			11.16	%			11.54	%			-1.60	%			-14	%
Tier 1 RBC ratio			14.10	%			14.36	%			15.59	%			16.14	%			17.08	%			-2.98	%			-17	%
Common Equity Tier 1 RBC ratio			14.10	%			14.36	%			15.59	%			16.14	%			17.08	%			-2.98	%			-17	%
Total Risk-Based Capital (RBC) ratio			15.36	%			15.61	%			16.84	%			17.39	%			18.34	%			-2.98	%			-16	%
Other Ratios
Non-interest bearing to Total Deposits			32.77	%			32.89	%			41.25	%			41.64	%			39.33	%			-6.56	%			-17	%
Loan to Deposit ratio			91.66	%			93.94	%			95.08	%			97.72	%			95.95	%			-4.29	%			-4	%
Loan to Funding ratio			89.00	%			90.99	%			95.08	%			97.72	%			95.95	%			-6.95	%			-7	%
Allowance for Credit Losses to Total Loans			1.19	%			1.19	%			1.22	%			1.23	%			1.29	%			-0.10	%			-8	%
ACL to Nonperforming Loans			1150.61	%			1319.08	%			1190.05	%			1099.23	%			868.68	%			281.93	%			32	%
Nonperforming Assets to Total Assets			0.08	%			0.07	%			0.08	%			0.09	%			0.12	%			-0.04	%			-33	%

n/m - Not Meaningful

Bank of San Francisco
Statement of Income (Unaudited)
($000, except share and per share amounts)

		Three Months Ended															Year Over Year Change
		9/30/2026			6/30/2026			3/31/2026			12/31/2025			9/30/2025			$			%
Interest Income
Interest on loans, including fees		$	10,503		$	9,632		$	8,874		$	8,904		$	8,048		$	2,455			31	%
Interest on deposits in banks			1,198			771			751			968			1,021			177			17	%
Interest on investment securities			544			331			246			247			208			336			162	%
Other interest income			108			43			181			79			77			31			40	%
Total interest income			12,353			10,777			10,052			10,198			9,354			2,999			32	%
Interest Expense
Deposits interest expense			3,105			2,385			1,858			2,054			1,936			1,169			60	%
Other interest expense			255			122			-			-			-			255			n/m
Total interest expense			3,360			2,507			1,858			2,054			1,936			1,424			74	%
Net interest income			8,993			8,270			8,194			8,144			7,418			1,575			21	%
Provision for credit losses			530			680			200			300			330			200			61	%
Net interest income after provision			8,463			7,590			7,994			7,844			7,088			1,375			19	%
Non-Interest Income
Service charges on deposits			87			99			103			129			111			(24	)		-22	%
Other non-interest income			322			27			49			80			15			307			2047	%
Total non-interest income			409			126			152			209			126			283			225	%
Non-Interest Expense
Salaries and employee benefits expense			3,547			3,439			3,345			3,258			2,720			827			30	%
Occupancy			425			437			402			372			366			59			16	%
Information Technology and Equipment			420			428			391			342			340			80			24	%
Other operating expense			1,313			1,146			1,140			1,087			1,181			132			11	%
Total non-interest expense			5,705			5,450			5,278			5,059			4,607			1,098			24	%
Income before income taxes			3,167			2,266			2,868			2,994			2,607			560			21	%
Income tax expense			907			609			854			783			772			135			17	%
Net income		$	2,260		$	1,657		$	2,014		$	2,211		$	1,835		$	425			23	%
Basic Earnings per Share		$	1.06		$	0.78		$	0.95		$	1.05		$	0.87		$	0.19			22	%
Average Shares Outstanding			2,133,245			2,131,354			2,117,290			2,109,522			2,108,663			24,582			1	%
Diluted Earnings per Share		$	1.04		$	0.76		$	0.94		$	1.03		$	0.86		$	0.18			21	%
Average Shares Outstanding			2,171,811			2,170,340			2,132,083			2,136,558			2,134,102			37,709			2	%
Annualized Performance Ratios
Return on Average Assets			1.10	%		0.85	%		1.07	%		1.19	%		1.05	%		0.05	%		5	%
Return on Average Common Equity			10.38	%		7.71	%		9.58	%		10.81	%		9.22	%		1.16	%		13	%
Net Interest Margin			4.03	%		4.30	%		4.47	%		4.44	%		4.33	%		-0.30	%		-7	%
Cost of Deposits			1.58	%		1.39	%		1.15	%		1.26	%		1.27	%		0.31	%		24	%
Cost of Funds			1.66	%		1.44	%		1.15	%		1.26	%		1.27	%		0.39	%		31	%
Efficiency Ratio			60.68	%		64.91	%		63.24	%		60.57	%		61.07	%		-0.39	%		-1	%
Reconciliation of GAAP to Non-GAAP Financial Measures
Net income		$	2,260		$	1,657		$	2,014		$	2,211		$	1,835		$	425			23	%
Provision for credit losses			530			680			200			300			330			200			61	%
Income tax expense			907			609			854			783			772			135			17	%
Pre-tax, pre-provision income		$	3,697		$	2,946		$	3,068		$	3,294		$	2,937		$	760			26	%
n/m - Not Meaningful

Bank of San Francisco
Statement of Income (Unaudited)
($000, except share and per share amounts)
		Nine Months Ended								Year Over Year Change
		9/30/2026				9/30/2025				$				%
Interest Income
Interest on loans, including fees		$	29,009			$	22,715			$	6,294				28	%
Interest on deposits in banks			2,720				2,626				94				4	%
Interest on investment securities			1,121				639				482				75	%
Other interest income			332				223				109				49	%
Total interest income			33,182				26,203				6,979				27	%
Interest Expense
Deposits interest expense			7,348				5,523				1,825				33	%
Other interest expense			377				-				377				n/m
Total interest expense			7,725				5,523				2,202				40	%
Net interest income			25,457				20,680				4,777				23	%
Provision for credit losses			1,410				920				490				53	%
Net interest income after provision			24,047				19,760				4,287				22	%
Non-Interest Income
Service charges on deposits			289				321				(32	)			-10	%
Other non-interest income			398				71				327				461	%
Total non-interest income			687				392				295				75	%
Non-Interest Expense
Salaries and employee benefits expense			10,331				8,638				1,693				20	%
Occupancy			1,264				993				271				27	%
Information Technology and Equipment			1,239				979				260				27	%
Other operating expense			3,599				3,045				554				18	%
Total non-interest expense			16,433				13,655				2,778				20	%
Income before income taxes			8,301				6,497				1,804				28	%
Income tax expense			2,370				1,930				440				23	%
Net income		$	5,931			$	4,567			$	1,364				30	%
Basic Earnings per Share		$	2.79			$	2.18			$	0.61				28	%
Average Shares Outstanding			2,127,330				2,097,194				30,136				1	%
Diluted Earnings per Share		$	2.74			$	2.14			$	0.60				28	%
Average Shares Outstanding			2,166,475				2,132,030				34,445				2	%
Annualized Performance Ratios
Return on Average Assets			0.97	%			0.92	%			0.05	%			5	%
Return on Average Common Equity			9.15	%			7.74	%			1.41	%			18	%
Net Interest Margin			4.23	%			4.22	%			0.01	%			n/m
Cost of Deposits			1.39	%			1.29	%			0.10	%			8	%
Cost of Funds			1.43	%			1.29	%			0.14	%			11	%
Efficiency Ratio			62.86	%			64.80	%			-1.94	%			-3	%
Reconciliation of GAAP to Non-GAAP Financial Measures
Net income		$	5,931			$	4,567			$	1,364				30	%
Provision for credit losses			1,410				920				490				53	%
Income tax expense			2,370				1,930				440				23	%
Pre-tax, pre-provision income		$	9,711			$	7,417			$	2,294				31	%

n/m - Not Meaningful

MEDIA CONTACT:
Leslie Katter
media@bankbsf.com

SOURCE: Bank of San Francisco

View the original press release on ACCESS Newswire

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What were Bank of San Francisco's third-quarter 2026 earnings?

Bank of San Francisco reported unaudited net income of $2.3 million, or $1.04 per diluted share, for the three months ended September 30, 2026. That compares with $1.7 million, or $0.76 per diluted share, in the second quarter and $1.8 million, or $0.86 per diluted share, a year earlier.

How did Bank of San Francisco's deposits and loans change in the third quarter of 2026?

Deposits reached $805.1 million and loans reached $737.9 million at September 30, 2026. Deposits increased 9% from June and 33% year over year, while loans increased 6% from June and 27% year over year.

How does Bank of San Francisco calculate pre-tax, pre-provision income?

Bank of San Francisco calculates pre-tax, pre-provision income by adding the provision for credit losses and income tax expense back to net income. This non-GAAP measure supplements, rather than replaces, GAAP results. The Bank considers it useful for comparing operations when credit-loss provisions and taxes vary independently of business performance.

Which Bank of San Francisco businesses generated relationship-deposit growth in the third quarter of 2026?

Relationship-deposit growth came from Laurel Village, Private Banking and Commercial Banking. Laurel Village grew by $18.7 million to $46.2 million, Private Banking by $27.5 million to $212.6 million, and Commercial Banking by $28.2 million to $489.8 million.