Katahdin Bankshares Corp. Reports First Quarter 2026 Results

Rhea-AI Summary

Katahdin Bankshares (OTCQX: KTHN) reported first-quarter 2026 net income of $2.5 million or $0.78 per share. Pre-tax, pre-provision net income was $3.5 million, up $605,000 (20.9%) versus Q1 2025. Total assets were $1.11 billion and loans ended the quarter at $883.2 million, up $30.0 million year-over-year.

The company highlighted continued loan growth and steady profitability while reaffirming its community banking focus.

Positive

• Net income of $2.5 million in Q1 2026
• EPS of $0.78 per common share
• Pre-tax, pre-provision income up 20.9% (+$605,000) YoY
• Loans grew to $883.2 million (+$30.0 million YoY)
• Total assets reached $1.11 billion

Negative

• None.

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HOULTON, Maine, April 22, 2026 /PRNewswire/ -- Katahdin Bankshares Corp. (OTCQX: KTHN), the parent company of Katahdin Trust Company, a full-service community bank in Maine founded in 1918, has announced 2026 first-quarter earnings of $2.5 million, or $0.78 per common share.

On a pre-tax, pre-provision basis, net income totaled $3.5 million, representing an increase of $605,000 or 20.9% over the first quarter of 2025.

Total assets reached $1.11 billion. Loans continued to grow, ending the first quarter at $883.2 million, an increase of $30 million year-over-year.

"We are pleased with the financial results to start this year off," stated Jon J. Prescott, Katahdin Trust President and Chief Executive Officer. "Our team remains focused on delivering dependable financial performance, while staying true to our mission as a local, community-focused bank."

For more information and to view a copy of the Bank's most recent quarterly financial report, visit KatahdinTrust.com/Shareholder-Relations/#Financial-Reports.

About Katahdin Bankshares Corp. 
Katahdin Bankshares Corp. is the bank holding company of Katahdin Trust Company. Founded in 1918, Katahdin Trust is a community bank based in Houlton, Maine, with 16 locations and more than $1.11 billion in assets. Katahdin Bankshares Corp. common stock is quoted on the OTC Markets (OTCQX) under the symbol KTHN. Learn more about the Company and its subsidiary bank at www.katahdintrust.com and follow Katahdin Trust on social media.

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SOURCE Katahdin Trust Company

FAQ

What did Katahdin Bankshares (KTHN) report for Q1 2026 net income?

Katahdin Bankshares reported $2.5 million net income for Q1 2026. According to the company, that equals $0.78 per common share, reflecting first-quarter profitability for the parent of Katahdin Trust Company.

How did Katahdin Bankshares' pre-tax, pre-provision income change in Q1 2026 compared to Q1 2025?

Pre-tax, pre-provision net income was $3.5 million in Q1 2026, up $605,000 or 20.9% year-over-year. According to the company, this increase reflects improved operating performance versus Q1 2025.

What were Katahdin Bankshares' total assets and loan balances at March 31, 2026?

Total assets were reported at $1.11 billion and loans at $883.2 million as of Q1 2026. According to the company, loans increased by $30.0 million year-over-year.

What does the Q1 2026 results mean for Katahdin Trust Company's community banking focus?

The results show continued local lending and profitability while maintaining community focus. According to the company, management remains committed to dependable performance and serving local customers.

Where can investors find Katahdin Bankshares (KTHN) quarterly financial reports and shareholder information?

Investors can access the quarterly financial report and shareholder materials on the company's investor site. According to the company, reports are available at KatahdinTrust.com/Shareholder-Relations/#Financial-Reports.