Jeffersonville Bancorp Announces Third Quarter Earnings of $3,688,000 or $0.87 per share; Declares Dividend of $0.20

Nine-month net income increased by $1,005,000 compared with the same period in 2025.

Rhea-AI Summary

Jeffersonville Bancorp (OTCQB: JFBC) reported third-quarter 2026 net income of $3,688,000, higher than in the same quarter of 2025. Earnings per share were $0.87, compared with $0.78, while prior-year quarterly net income was $3,293,000. Higher loan interest and fees primarily drove the improvement, alongside an unrealized equity-security gain and higher securities and other interest income. Higher tax expense, interest expense and credit-loss provision partly offset those gains.

For the nine months ended September 30, 2026, net income reached $10,306,000, or $2.43 per share, versus $9,301,000, or $2.20 per share, a year earlier. Higher loan interest and fees and securities income supported the increase, despite lower interest on Federal Reserve balances and higher expenses. A $0.20 per-share cash dividend is payable December 7, 2026, to shareholders of record November 25, 2026.

9 points · 0 major

MixediHow this balance works

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0 major · 7 points

How the balance works

Positive

• Moderate pointThird-quarter net income rose to $3,688,000, or $0.87 per share, from $3,293,000, or $0.78, in 2025.
• Moderate pointNine-month net income rose to $10,306,000, or $2.43 per share, from $9,301,000, or $2.20, in 2025.
• Minor pointNine-month loan interest and fees income increased $1,308,000 compared with the same period in 2025.
• Minor pointNine-month securities income increased $598,000 compared with the same period in 2025.
• Minor pointThird-quarter loan interest and fees increased $464,000 compared with the same quarter in 2025.

4 minor points

• Minor pointNine-month non-interest income increased $164,000 compared with the same period in 2025.
• Minor pointNine-month credit-loss provision decreased $82,000 compared with the same period in 2025.
• Minor pointThird-quarter unrealized equity-security gain contributed $76,000 to the increase in quarterly net income.
• Minor pointThird-quarter securities and other interest income increased $52,000 compared with the same quarter in 2025.

Negative

• Minor pointNine-month interest on Federal Reserve balances decreased $468,000 compared with the same period in 2025.
• Minor pointNine-month income tax expense increased $301,000 compared with the same period in 2025.
• Minor pointNine-month non-interest expense increased $254,000 compared with the same period in 2025.
• Minor pointThird-quarter income tax expense increased $129,000 compared with the same quarter in 2025.
• Minor pointNine-month interest expense increased $124,000 compared with the same period in 2025.

2 minor points

• Minor pointThird-quarter interest expense increased $56,000 compared with the same quarter in 2025.
• Minor pointThird-quarter credit-loss provision increased $19,000 versus 2025 due to loan portfolio growth.

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JEFFERSONVILLE, N.Y., Nov. 10, 2026 (GLOBE NEWSWIRE) -- Jeffersonville Bancorp, Inc. (OTCQB - JFBC) announced today third quarter net income of $3,688,000 or $0.87 per share compared to $3,293,000 or $0.78 per share for the same quarter in 2025. The increase in quarterly net income compared to 2025 of $395,000 was primarily attributable to an increase in loan interest and fees of $464,000, an unrealized gain on an equity security income of $76,000, and an increase in securities and other interest income of $52,000. The increase was partially offset by an increase in income tax expense of $129,000, an increase in interest expense of $56,000, and an increase in provision for credit losses of $19,000 due to growth in the loan portfolio.

Year to date net income as of September 30, 2026 was $10,306,000 or $2.43 per share compared to $9,301,000 or $2.20 per share for the same period in 2025. The increase in year-to-date net income compared to 2025 of $1,005,000 was primarily attributable to an increase in loan interest and fees income of $1,308,000, an increase in securities income of $598,000, an increase in non-interest income of $164,000, and a decrease in the provision for credit losses of $82,000. The increase was partially offset by a decrease in interest on balances held at the Federal Reserve Bank of $468,000, an increase in income tax expense of $301,000, an increase in non-interest expense of $254,000, and an increase in interest expense of $124,000, compared to the same period in 2025.

"The Company continues to benefit from solid loan growth with historically good credit quality metrics and a peer leading low-cost deposit base." said George W. Kinne, Jr., President and CEO, “Our earnings outperformance in recent years has resulted in robust capital levels which, along with strong liquidity sources, has kept us well positioned to navigate the volatility impacting the banking industry created by local, national, and global conditions.”

A cash dividend in the amount of twenty cents ($0.20) per share on the common stock of the company was declared at the November 10, 2026 meeting of the Board of Directors. The dividend is payable on December 7, 2026 to stockholders of record at the close of business on November 25, 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

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What were Jeffersonville Bancorp's third-quarter 2026 earnings?

Jeffersonville Bancorp earned $3,688,000, or $0.87 per share, in the third quarter of 2026, compared with $3,293,000, or $0.78 per share, in the same quarter of 2025. Quarterly net income increased by $395,000.

When is Jeffersonville Bancorp's declared dividend payable, and who qualifies?

The $0.20 per-share cash dividend is payable December 7, 2026, to common shareholders of record at the close of business on November 25, 2026. The board declared the dividend at its November 10, 2026 meeting.