Century Next Financial Corporation Reports 3rd Quarter 2026 Results
Higher net interest income and lower credit-loss provisions accompanied earnings growth, despite declining noninterest income and higher expenses.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Rhea-AI Summary
Century Next Financial Corporation (CTUY) reported third-quarter 2026 net income of $4.553 million, up 6.6% from the same quarter last year. Diluted earnings per share rose to $2.41 from $2.30. Net interest income increased to $10.487 million from $9.977 million, while net interest margin widened to 4.64% from 4.51%.
Nine-month net income reached $12.247 million, up 5.1%, with diluted earnings per share of $6.49 versus $6.31. At September 30, assets totaled $931.2 million, net loans were $672.7 million and deposits were $806.4 million, compared with $876.9 million, $644.9 million and $758.9 million at December 31, 2025. Nonperforming assets fell to $1.53 million from $4.59 million. Third-quarter noninterest income declined 22.7%, while noninterest expense rose 1.4%. No credit-loss provision was recorded for the quarter, compared with $265,000 a year earlier.
How this balance works
Rhea-AI gives every point it takes from this document a weight. Minor counts 1, Moderate 3 and Major 9, so one Major point outweighs several Minor ones. The bar adds up the weights on each side, and when neither side holds more than 65% of the total the balance reads Mixed.
It reads the document as published, with the same rules for every company, and it does not look at what the market expected or at how the stock traded, so a point can be objectively good on a day the stock falls.
Rhea-AI Sentiment measures something else, the tone of the wording.
Positive
- Moderate pointThird-quarter net income rose 6.6% to $4.553 million from $4.270 million a year earlier.
- Moderate pointThird-quarter net interest income increased to $10.487 million from $9.977 million a year earlier.
- Moderate pointThird-quarter net interest margin widened to 4.64% from 4.51% a year earlier.
- Moderate pointTotal assets increased 6.2% to $931.2 million from December 31, 2025.
- Moderate pointNet loans increased 4.3% to $672.7 million from December 31, 2025.
- Moderate pointDeposits increased 6.3% to $806.4 million from December 31, 2025.
- Moderate pointCash and cash equivalents increased to $76.121 million from $48.298 million at December 31, 2025.
- Moderate pointNonperforming assets fell to $1.53 million from $4.59 million at December 31, 2025.
- Moderate pointStockholders’ equity increased to $106.928 million from $100.971 million at December 31, 2025.
13 minor points
- Minor pointThird-quarter basic EPS rose to $2.46 from $2.33; diluted EPS increased to $2.41 from $2.30.
- Minor pointNine-month net income increased 5.1% to $12.247 million from $11.658 million a year earlier.
- Minor pointNine-month basic EPS rose to $6.63 from $6.38; diluted EPS increased to $6.49 from $6.31.
- Minor pointNine-month net interest income increased to $30.552 million from $28.796 million a year earlier.
- Minor pointNine-month net interest margin widened to 4.60% from 4.39% a year earlier.
- Minor pointInterest-earning asset yields rose to 6.12% for the quarter and 6.08% for nine months, versus 6.10% and 6.01%.
- Minor pointInterest-bearing liability costs fell to 2.72% for both periods, versus 3.08% quarterly and 3.10% for nine months.
- Minor pointThird-quarter credit-loss provision fell to zero from $265,000 a year earlier.
- Minor pointNine-month credit-loss provision declined to $513,000 from $563,000 a year earlier.
- Minor pointThird-quarter efficiency ratio improved to 49.54% from 49.96% a year earlier, reflecting lower expenses relative to income.
- Minor pointNine-month net charge-offs declined to $62,000 from $192,000 a year earlier.
- Minor pointBook value per share rose to $57.34 from $54.16 at December 31, 2025.
- Minor pointTangible book value per share rose to $55.87 from $52.59 at December 31, 2025.
Negative
- Moderate pointThird-quarter noninterest income declined 22.7% to $886,000 from $1.146 million a year earlier.
- Moderate pointNine-month noninterest expense increased 5.4% to $17.328 million from $16.437 million a year earlier.
- Minor pointNine-month noninterest income declined 3.2% to $2.741 million from $2.832 million a year earlier.
- Minor pointThird-quarter noninterest expense increased 1.4% to $5.634 million from $5.557 million a year earlier.
- Minor pointNine-month efficiency ratio worsened to 52.05% from 51.97% a year earlier, reflecting higher expenses relative to income.
AI-generated analysis. How Rhea-AI works. Not financial advice.
RUSTON, La., Oct. 22, 2026 (GLOBE NEWSWIRE) --
Century Next Financial Corporation (the “Company”) (OTCQX: CTUY), the holding company of Century Next Bank, with
Financial Performance
For the three months ended September 30, 2026, the Company had net income after tax of
For the nine months ended September 30, 2026, the Company had net income after tax of
Balance Sheet
Overall, total assets increased by
Total cash and cash equivalents increase from
Loans, net of deferred fees and costs and allowance for credit losses, including loans held for sale, increased
Deposit growth was strong for the nine months ended September 30, 2026 as total deposits increased by
Total long-term borrowings remained the same at
Income Statement
Net interest income was
Several key operating ratios increased for the three- and nine-month periods ending September 30, 2026 compared to the same periods ending September 30, 2025 as displayed in the following table:
| Three Months Ended September 30 | Nine Months Ended September 30 | ||||||||||||||
| Select Operating Ratios | 2026 | 2025 | 2026 | 2025 | |||||||||||
| Average Yield on Interest-Earning Assets | 6.12 | % | 6.10 | % | 6.08 | % | 6.01 | % | |||||||
| Average Cost of Interest-Bearing Liabilities | 2.72 | % | 3.08 | % | 2.72 | % | 3.10 | % | |||||||
| Net Interest Margin | 4.64 | % | 4.51 | % | 4.60 | % | 4.39 | % | |||||||
The yield on earning assets increased slightly and cost of interest-bearing liabilities decreased in both the three- and six-month periods ended September, 30, 2026. The net interest margin showed improvement in both the three- and six-month periods ended September 30, 2026 compared to the same periods in 2025.
For the three months ending September 30, 2026, no credit loss was expensed. A provision for credit losses of
Total non-interest income was
Total non-interest expense increased by
The Company’s efficiency ratio, a measure of expense as a percent of total income, decreased to
Other Financial Information
Nonperforming assets, including loans past due 90 days or more, nonaccrual loans, and foreclosed assets, decreased from
Allowance for credit losses under CECL was
Company Information
Century Next Financial Corporation is the holding company for Century Next Bank (the “Bank”) which conducts business from its main office in Ruston, Louisiana. The Company was formed in 2010 and is subject to the regulatory oversight of the Board of Governors of the Federal Reserve System. The Bank is a wholly-owned subsidiary and is an insured federally-chartered covered savings association subject to the regulatory oversight of the Office of the Comptroller of the Currency. The Bank was established in 1905 and is headquartered in Ruston, Louisiana. The Bank is a full-service bank with four locations in Louisiana including two banking offices in Ruston, one banking office in Monroe, one banking office in West Monroe, and three locations in Arkansas including two banking offices in Crossett and one banking office in Hamburg. The Bank emphasizes professional and personal banking service directed primarily to small and medium-sized businesses, professionals, and individuals. The Bank provides a full range of banking services including its primary business of real estate lending to residential and commercial customers.
Statements contained in this news release which are not historical facts may be forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. Forward-looking statements can be identified by the fact that they do not relate strictly to historical or current facts. They often include words like “believe,” “expect,” “anticipate,” “estimate,” and “intend” or future or conditional verbs such as “will,” “would,” “should,” “could,” or “may.” We undertake no obligation to update any forward-looking statements
| Century Next Financial Corporation and Subsidiary Condensed Consolidated Balance Sheets (unaudited) | |||||||
| (In thousands, except per share data) | |||||||
| September 30, 2026 | December 31, 2025 | ||||||
| ASSETS | |||||||
| Cash and cash equivalents | $ | 76,121 | $ | 48,298 | |||
| Investment securities | 142,243 | 143,017 | |||||
| Loans, net | 672,749 | 644,907 | |||||
| Other assets | 40,087 | 40,694 | |||||
| TOTAL ASSETS | $ | 931,200 | $ | 876,916 | |||
| LIABILITIES AND STOCKHOLDERS' EQUITY | |||||||
| Deposits | $ | 806,394 | $ | 758,857 | |||
| Long-term borrowings | 8,454 | 8,454 | |||||
| Other liabilities | 9,424 | 8,634 | |||||
| Total Liabilities | 824,272 | 775,945 | |||||
| Stockholders' equity | 106,928 | 100,971 | |||||
| TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY | $ | 931,200 | $ | 876,916 | |||
| Book Value per share | $ | 57.34 | $ | 54.16 | |||
| Tangible Book Value per share | $ | 55.87 | $ | 52.59 | |||
| Century Next Financial Corporation and Subsidiary Consolidated Statements of Income (unaudited) | |||||||||||||||
| (In thousands, except per share data) | |||||||||||||||
| Three Months Ended September 30 | Nine Months Ended September 30 | ||||||||||||||
| 2026 | 2025 | 2026 | 2025 | ||||||||||||
| Interest Income | $ | 13,839 | $ | 13,505 | $ | 40,369 | $ | 39,373 | |||||||
| Interest Expense | 3,352 | 3,528 | 9,817 | 10,577 | |||||||||||
| Net Interest Income | 10,487 | 9,977 | 30,552 | 28,796 | |||||||||||
| Provision for Credit Losses | 0 | 265 | 513 | 563 | |||||||||||
| Net Interest Income after Provision for Credit Losses | 10,487 | 9,712 | 30,039 | 28,233 | |||||||||||
| Noninterest Income | 886 | 1,146 | 2,741 | 2,832 | |||||||||||
| Noninterest Expense | 5,634 | 5,557 | 17,328 | 16,437 | |||||||||||
| Income Before Taxes | 5,739 | 5,301 | 15,452 | 14,628 | |||||||||||
| Provision For Income Taxes | 1,186 | 1,031 | 3,205 | 2,970 | |||||||||||
| NET INCOME | $ | 4,553 | $ | 4,270 | $ | 12,247 | $ | 11,658 | |||||||
| EARNINGS PER SHARE | |||||||||||||||
| Basic | $ | 2.46 | $ | 2.33 | $ | 6.63 | $ | 6.38 | |||||||
| Diluted | $ | 2.41 | $ | 2.30 | $ | 6.49 | $ | 6.31 | |||||||
| Key Ratios: | |||||||||||||||
| Annualized Return on Average Assets | 1.78 | % | 1.71 | % | |||||||||||
| Annualized Return on Average Equity | 15.56 | % | 17.44 | % | |||||||||||
| Annualized Net Interest Margin | 4.60 | % | 4.39 | % | |||||||||||
| Efficiency Ratio | 52.05 | % | 51.97 | % | |||||||||||
Century Next Financial Corporation Contact Information:
William D. Hogan, President & Chief Executive Officer or
Mark A. Taylor, CPA CGMA, Executive Vice President & Chief Financial Officer
(318) 255-3733
Company Website: www.cnext.bank
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
How much did Century Next Financial earn in the third quarter of 2026?
Century Next Financial earned $4.553 million in the third quarter of 2026, compared with $4.270 million a year earlier. Basic earnings per share increased to $2.46 from $2.33, and diluted earnings per share rose to $2.41 from $2.30.
Why did Century Next Financial’s noninterest income decline in 2026?
The company attributed the quarterly and nine-month declines primarily to gains on repossession of foreclosed assets recorded in the comparable 2025 periods. Third-quarter noninterest income fell 22.7%, while nine-month noninterest income declined 3.2%.
What was Century Next Financial’s allowance for credit losses at September 30, 2026?
The allowance for credit losses was $7.38 million, or 1.08% of total loans, at September 30, 2026. That compared with $6.93 million, or 1.06% of total loans, at December 31, 2025.
Why did Century Next Financial’s foreclosed assets decline in 2026?
The company attributed the reduction in foreclosed assets during the nine months ended September 30, 2026 primarily to sales of foreclosed assets.