Jeffersonville Bancorp Announces First Quarter Earnings of $3,282,000 or $0.77 per share; Increases Quarterly Dividend by 33.33% to $0.20 from $0.15 per share
Jeffersonville Bancorp Announces First Quarter Earnings of $3,282,000 or $0.77 per share; Increases Quarterly Dividend by 33.33% to $0.20 from $0.15 per share
Jeffersonville Bancorp (OTCQB: JFBC) reported first quarter 2026 net income of $3,282,000, or $0.77 per share, up from $2,718,000, or $0.64 per share, in 2025. Higher loan interest and fees, increased securities income, and a lower credit loss provision drove the gain.
The board raised the quarterly cash dividend by 33.33% to $0.20 per share, payable June 4, 2026, to shareholders of record on May 26, 2026.
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AI-generated analysis. Not financial advice.
Positive
Net income increased to $3,282,000 from $2,718,000 year over year
Earnings per share rose to $0.77 from $0.64 year over year
Loan interest and fees grew by $495,000 versus first quarter 2025
Securities income increased by $222,000 versus first quarter 2025
Credit loss provision decreased by $239,000 versus first quarter 2025
Quarterly dividend raised 33.33% to $0.20 per share
Negative
Other interest and dividend income declined by $187,000 year over year
Income tax expense increased by $171,000 year over year
News Market Reaction – JFBC
+0.36%
1 alert
+0.36%News Effect
On the day this news was published, JFBC gained 0.36%, reflecting a mild positive market reaction.
JEFFERSONVILLE, N.Y., May 12, 2026 (GLOBE NEWSWIRE) -- Jeffersonville Bancorp, Inc. (OTCQB - JFBC) announced today first quarter net income of $3,282,000 or $0.77 per share compared to $2,718,000 or $0.64 per share for the same quarter in 2025. The increase in quarterly net income compared to 2025 of $564,000 was primarily attributable to an increase in loan interest and fees of $495,000, an increase in securities income of $222,000, and a decrease in the credit loss provision of $239,000. These improvements were partially offset by a decrease in other interest and dividend income of $187,000 and an increase in tax expense of $171,000.
"Earnings momentum from 2025 continued in the first quarter of 2026 with continued loan growth, higher rates on investment securities, and low core deposit expense," said George W. Kinne, Jr., President and CEO, “Despite global events causing economic uncertainty, we are well positioned with ample liquidity, high profitability, and a robust capital position. In light of our favorable position, our Board of Directors is pleased to reward our loyal shareholders with a 33.33% increase in our quarterly dividend from $0.15 to $0.20.”
A cash dividend in the amount of twenty cents ($0.20) per share on the common stock of the company was declared at the May 12, 2026 meeting of the Board of Directors. The dividend is payable on June 4, 2026 to stockholders of record at the close of business on May 26, 2026.
Jeffersonville Bancorp is a one-bank holding company, which owns all the capital stock of Jeff Bank. Jeff Bank maintains ten full-service branches in Sullivan and Orange County, New York located in Anawana Lake Road/Monticello, Eldred, Callicoon, Jeffersonville, Liberty, Livingston Manor, Monticello, Port Jervis, White Lake, and Wurtsboro.
For More Information, call: 845-482-4000
Contact: George W. Kinne, Jr., President – CEO
FAQ
How did Jeffersonville Bancorp (JFBC) perform in first quarter 2026 earnings?
Jeffersonville Bancorp reported first quarter 2026 net income of $3,282,000, or $0.77 per share. According to Jeffersonville Bancorp, this compares with $2,718,000, or $0.64 per share, for the same quarter in 2025, reflecting higher income and lower credit loss provision.
What drove Jeffersonville Bancorp's net income increase in Q1 2026?
The net income increase of $564,000 was mainly driven by higher loan interest and fees, higher securities income, and a lower credit loss provision. According to Jeffersonville Bancorp, these were partly offset by reduced other interest and dividend income and higher tax expense.
How much did Jeffersonville Bancorp (JFBC) raise its quarterly dividend in May 2026?
Jeffersonville Bancorp increased its quarterly cash dividend by 33.33% to $0.20 per share from $0.15. According to Jeffersonville Bancorp, the dividend is payable June 4, 2026, to shareholders of record as of May 26, 2026.
When is the Jeffersonville Bancorp (JFBC) Q1 2026 dividend payment date and record date?
The Q1 2026 cash dividend of $0.20 per share will be paid on June 4, 2026. According to Jeffersonville Bancorp, shareholders must be on record by the close of business on May 26, 2026, to receive the dividend.
What were the key interest and fee changes for Jeffersonville Bancorp in Q1 2026?
Loan interest and fees increased by $495,000, while securities income rose by $222,000 in Q1 2026. According to Jeffersonville Bancorp, other interest and dividend income declined by $187,000, illustrating a shift in income mix toward core lending and securities.
How did Jeffersonville Bancorp's credit loss provision affect Q1 2026 results?
A $239,000 decrease in the credit loss provision supported the higher net income in Q1 2026. According to Jeffersonville Bancorp, this reduction, combined with stronger interest income, contributed to the year-over-year earnings improvement for the quarter.
Where does Jeffersonville Bancorp (JFBC) conduct its banking operations?
Jeffersonville Bancorp operates through Jeff Bank, which runs ten full-service branches in Sullivan and Orange County, New York. According to Jeffersonville Bancorp, branches are located in communities including Monticello, Jeffersonville, Liberty, Livingston Manor, Port Jervis, White Lake, and Wurtsboro.
