Century Next Financial Corporation (OTCQX: CTUY) reported record 2nd quarter 2026 results, with net income of $4.14 million versus $3.94 million a year earlier, and basic EPS of $2.24 versus $2.16. For the first six months of 2026, net income was $7.69 million, up from $7.39 million, with basic EPS of $4.17.
Total assets rose 4.5% since year-end to $916.7 million, driven by 3.0% net loan growth to $664.2 million and a 4.5% increase in deposits to $793.1 million. Net interest income grew 4.8% in Q2 and 6.6% year-to-date, while net interest margin improved to 4.60% in Q2. Nonperforming assets fell to $1.38 million, or 0.15% of total assets, from $4.59 million, aided by a $2.71 million foreclosed asset sale. Book value per share increased to $57.05.
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Positive
Q2 2026 net income up 5.3% to $4.14 million
Six-month net interest income up 6.6% to $20.07 million
Deposits up 4.5% year-to-date to $793.1 million
Nonperforming assets down to $1.38 million, 0.15% of assets
Net charge-offs reduced to $92,000 versus $234,000 year-ago period
Book value per share increased to $57.05 from $54.16
Negative
Provision for credit losses rose to $438,000 in Q2 and $513,000 YTD
Noninterest expense up 7.5% year-to-date to $11.69 million
Year-to-date efficiency ratio slightly higher at 53.35% versus 53.06%
Return on average equity declined to 14.94% from 17.07%
News Market Reaction – CTUY
+0.74%
+0.74%Session close to close
In the Jul 21 session, CTUY gained 0.74%, reflecting a mild positive market reaction.
Century Next Financial Corporation (the “Company”) (OTCQX: CTUY), the holding company of Century Next Bank, with $916.7 million in assets, today announced financial results for the 2nd quarter ended June 30, 2026.
Financial Performance
For the three months ended June 30, 2026, the Company had net income after tax of $4.14 million compared to net income of $3.94 million for the three months ended June 30, 2025, an increase of $207,000 or 5.3%. Earnings per share (EPS) for the three months ended June 30, 2026 were $2.24 per basic and $2.20 per diluted share compared to $2.16 per basic and $2.14 diluted share reported for the three months ended June 30, 2025.
For the six months ended June 30, 2026, the Company had net income after tax of $7.69 million compared to net income of $7.39 million for the six months ended June 30, 2025, an increase of $306,000 or 4.1%. Earnings per share (EPS) for the six months ended June 30, 2026 were $4.17 per basic and $4.09 per diluted share compared to $4.05 per basic and $4.02 per diluted share reported for the six months ended June 30, 2025.
Balance Sheet
Overall, total assets increased by $39.8 million or 4.5% to $916.7 million at June 30, 2026 compared to $876.9 million at December 31, 2025.
Total cash and cash equivalents increased from $48.3 million at December 31, 2025 to $71.8 million at June 30, 2026 for an increase of $23.5 million or 48.7%. Investment securities, primarily available-for-sale, decreased by $2.3 million to $139.8 million at June 30, 2026 from $142.1 million at December 31, 2025. The growth in cash and cash equivalents for the six months ended June 30, 2026 continues to strengthen the Company’s strong liquidity position.
Loans, net of deferred fees and costs and allowance for credit losses, including loans held for sale, increased $19.3 million or 3.0% for the six months ended June 30, 2026 compared to December 31, 2025. Total net loans at June 30, 2026 were $664.2 million compared to $644.9 million at December 31, 2025. Of total net loans outstanding for the period, commercial real estate increased $16.91 million, commercial non-real estate increased by $7.85 million, multi-family increased $4.73 million and home equity lines of credit increased by $372,000. The increases were offset by decreases of $4.95 million in land, $1.58 million in residential construction, $1.27 million in residential 1-4 family, $1.23 million in agriculture real estate loans, $967,000 in consumer loans, $103,000 in residential 1-4 family – held for sale and $14,000 in agriculture loans non-real estate for the six months ended June 30, 2026.
Deposit growth was strong for the six months ended June 30, 2026 as total deposits increased by $34.3 million or 4.5% to $793.1 million at June 30, 2026 compared to $758.9 million at December 31, 2025. Interest-bearing increased $24.97 million, money market increased $7.15 million and savings increased $3.81 million. The increases were offset by decreases of $1.33 million in time deposits and $341,000 in noninterest-bearing for the six months ended June 30, 2026.
Total long-term borrowings remained the same at $8.5 million at June 30, 2026 and December 31, 2025.
Income Statement
Net interest income was $10.2 million for the three months ended June 30, 2026 compared to $9.7 million for the three months ended June 30, 2025 for an increase of $463,000, or 4.8%. Net interest income was $20.1 million for the six months ended June 30, 2026 compared to $18.8 million for the six months ended June 30, 2025 for an increase of $1.25 million, or 6.6%.
The following table shows key operating ratios for the three- and six-month periods ended June 30, 2026 compared to the same periods ended June 30, 2025:
Three Months Ended June 30
Six Months Ended June 30
Select Operating Ratios
2026
2025
2026
2025
Average Yield on Interest-Earning Assets
6.09
%
5.99
%
6.06
%
5.96
%
Average Cost of Interest-Bearing Liabilities
2.70
%
3.12
%
2.72
%
3.11
%
Net Interest Margin
4.60
%
4.40
%
4.59
%
4.33
%
The yield on earning assets increased slightly and cost of interest-bearing liabilities improved in both the three- and six-month periods ended June, 30, 2026. The net interest margin showed strong improvement in both the three- and six-month periods ended June 30, 2026 compared to the same periods in 2025.
For the three months ended June 30, 2026, a provision for credit losses of $438,000 was expensed compared to $223,000 for the three months ended June 30, 2025. For the six months ended June 30, 2026, a provision for credit losses of $513,000 compared to $298,000 was expensed for the six months ended June 30, 2025. The increases in provision resulted from the growth in loans and an increase in classified loans for the three- and six-month periods.
Total non-interest income was $1.05 million for the three months ended June 30, 2026 compared to $916,000 for the three months ended June 30, 2025, an increase of $132,000 or 14.4%. Total non-interest income was $1.86 million for the six months ended June 30, 2026 compared to $1.69 million for the six months ended June 30, 2025, an increase of $169,000 or 10.0%.
Total non-interest expense increased by $172,000 or 3.1% to $5.64 million for the three months ended June 30, 2026 compared to $5.47 million for the three months ended June 30, 2025. Total non-interest expense increased by $814,000 or 7.5% to $11.69 million for the six months ended June 30, 2026 compared to $10.88 million for the six months ended June 30, 2025. The increases in both the three- and six-month periods ended June 30, 2026 was primarily due to increases in salaries and benefits, other operating, and expense from foreclosed assets as compared to the same periods in 2025.
The Company’s efficiency ratio, a measure of expense as a percent of total income, decreased to 50.16% for the year three months ended June 30, 2026 compared to 51.35% for the three months ended June 30, 2025. For the six months ended June 30, 2026, the efficiency ratio increased slightly to 53.35% compared to 53.06% for the six months ended June 30, 2025. The increase in net interest income and other non-interest income for the three months ended June 30, 2026 was the primarily driver of the reduction of the efficiency ratio.
Other Financial Information
Nonperforming assets, including loans past due 90 days or more, nonaccrual loans, and other foreclosed assets, decreased from $4.59 million at December 31, 2025 to $1.38 million at June 30, 2026, a decrease of $3.21 million. The decrease was primarily from the sale of a foreclosed asset of $2.71 million in 2026. Total non-performing assets were 0.15% and 0.52% of totals assets as of June 30, 2026 and December 31, 2025, respectively.
Allowance for credit losses under CECL was $7.35 million or 1.09% of total loans at June 30, 2026 compared to $6.93 million or 1.06% of total loans at December 31, 2025. Net charge-offs for the six months ended June 30, 2026 were $92,000, compared net charge-offs of $234,000 for the six months ended June 30, 2025. The ratio of net charge-off to average loans outstanding was 0.014% at June 30, 2026 compared to the ratio of net charge-off to average loans outstanding was 0.038% for the same period of 2025.
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)
June 30, 2026
December 31, 2025
ASSETS
Cash and cash equivalents
$
71,815
$
48,298
Investment securities
141,584
143,017
Loans, net
664,229
644,907
Other assets
39,070
40,694
TOTAL ASSETS
$
916,698
$
876,916
LIABILITIES AND STOCKHOLDERS' EQUITY
Deposits
$
793,109
$
758,857
Long-term borrowings
8,454
8,454
Other liabilities
8,633
8,634
Total Liabilities
810,196
775,945
Stockholders' equity
106,502
100,971
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY
$
916,698
$
876,916
Book Value per share
$
57.05
$
54.16
Tangible Book Value per share
$
55.55
$
52.59
Century Next Financial Corporation and Subsidiary Consolidated Statements of Income (unaudited)
(In thousands, except per share data)
Three Months Ended June 30
Six Months Ended June 30
2026
2025
2026
2025
Interest Income
$
13,488
$
13,252
$
26,530
$
25,868
Interest Expense
3,295
3,522
6,465
7,049
Net Interest Income
10,193
9,730
20,065
18,819
Provision for Credit Losses
438
223
513
298
Net Interest Income after Provision for Credit Losses
9,755
9,507
19,552
18,521
Noninterest Income
1,048
916
1,855
1,686
Noninterest Expense
5,639
5,467
11,694
10,880
Income Before Taxes
5,164
4,956
9,713
9,327
Provision For Income Taxes
1,020
1,019
2,019
1,939
NET INCOME
$
4,144
$
3,937
$
7,694
$
7,388
EARNINGS PER SHARE
Basic
$
2.24
$
2.16
$
4.17
$
4.05
Diluted
$
2.20
$
2.14
$
4.09
$
4.02
Key Ratios:
Annualized Return on Average Assets
1.69
%
1.64
%
Annualized Return on Average Equity
14.94
%
17.07
%
Annualized Net Interest Margin
4.59
%
4.33
%
Efficiency Ratio
53.35
%
53.06
%
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
How did Century Next Financial (CTUY) perform in Q2 2026?
Century Next Financial reported Q2 2026 net income of $4.14 million, up from $3.94 million. According to Century Next Financial, basic EPS was $2.24 versus $2.16 a year earlier, reflecting modest earnings growth and continued profitability in its community banking operations.
What were Century Next Financial’s earnings per share for the first half of 2026 (CTUY)?
For the first six months of 2026, Century Next Financial reported basic EPS of $4.17 and diluted EPS of $4.09. According to Century Next Financial, this compares with $4.05 basic and $4.02 diluted in the same 2025 period, indicating year-over-year earnings per share improvement.
How did Century Next Financial’s loans and deposits change through June 30, 2026 (CTUY)?
Century Next Financial’s net loans grew to $664.2 million, a 3.0% increase since year-end 2025. According to Century Next Financial, total deposits reached $793.1 million, up $34.3 million or 4.5%, reflecting solid balance sheet expansion and funding growth in the first half of 2026.
What happened to Century Next Financial’s net interest margin in Q2 2026 (CTUY)?
Century Next Financial’s Q2 2026 net interest margin improved to 4.60%, compared with 4.40% a year earlier. According to Century Next Financial, average yield on interest-earning assets rose slightly while the average cost of interest-bearing liabilities declined, supporting stronger core spread performance.
How strong is asset quality at Century Next Financial as of June 30, 2026 (CTUY)?
Century Next Financial reported nonperforming assets of $1.38 million, or 0.15% of total assets, at June 30, 2026. According to Century Next Financial, this decreased from $4.59 million, aided by a $2.71 million foreclosed asset sale, while net charge-offs also declined year over year.
What is Century Next Financial’s book value per share after Q2 2026 (CTUY)?
Century Next Financial’s book value per share was $57.05 at June 30, 2026, up from $54.16 at December 31, 2025. According to Century Next Financial, tangible book value per share also increased, reaching $55.55 compared with $52.59 at the prior year-end.
How did operating expenses and efficiency trend for Century Next Financial in 2026 (CTUY)?
Noninterest expense for the first half of 2026 rose to $11.69 million, up 7.5% year over year. According to Century Next Financial, the year-to-date efficiency ratio was 53.35%, slightly higher than 53.06% in 2025, reflecting higher salaries, benefits, and foreclosed asset expenses.
