Katahdin Bankshares Corp. Reports Third Quarter 2026 Results

Loan and deposit growth accompanied higher quarterly earnings, with loans up 11.3% from a year earlier.

Rhea-AI Summary

Katahdin Bankshares (OTCQX: KTHN) reported third-quarter 2026 net income of $3.3 million, with earnings rising from both comparison periods.

Net income increased approximately 35.7% from $2.4 million in the prior quarter and 23.2% from $2.7 million in the third quarter of 2025. Earnings per common share were $1.04, versus $0.76 in the prior quarter and $0.84 a year earlier. Quarter-end loans totaled $946.9 million, up 11.3% year over year. Deposits reached $1.01 billion, up $78.8 million year over year, while total assets reached $1.18 billion.

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Positive

• Moderate pointThird-quarter 2026 net income of $3.3 million rose approximately 35.7% sequentially and 23.2% year over year.
• Moderate pointQuarter-end loans of $946.9 million increased 11.3% from a year earlier.
• Moderate pointDeposits of $1.01 billion increased $78.8 million year over year.
• Minor pointThird-quarter 2026 earnings per common share of $1.04 exceeded $0.76 sequentially and $0.84 a year earlier.

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HOULTON, Maine, Oct. 20, 2026 /PRNewswire/ -- Katahdin Bankshares Corp. (OTCQX: KTHN), parent company of Katahdin Trust, today reported third-quarter 2026 net income of $3.3 million, or $1.04 per common share, up approximately 35.7% from $2.4 million, or $0.76 per share, in the prior quarter and 23.2% from $2.7 million, or $0.84 per share, in the third quarter of 2025.

Loans totaled $946.9 million at quarter-end, up 11.3% from a year earlier. Deposits reached $1.01 billion, up $78.8 million year over year. Total assets reached $1.18 billion.

"Our third-quarter results reflect continued momentum in earnings and balance sheet growth," said Jon J. Prescott, President and Chief Executive Officer of Katahdin Trust. "We remain focused on serving our customers and building long-term value for our shareholders."

For more information or to view the Bank's latest quarterly financial report, visit KatahdinTrust.com/Shareholder-Relations/#Financial-Reports.

About Katahdin Bankshares Corp.
Katahdin Bankshares Corp. is the parent company of Katahdin Trust, a community bank founded in 1918 and headquartered in Houlton, Maine. Katahdin Trust operates 16 locations and had approximately $1.18 billion in assets as of September 30, 2026. Katahdin Bankshares Corp. common stock is quoted on the OTCQX Market under the symbol KTHN. Learn more at www.katahdintrust.com.

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SOURCE Katahdin Trust Company

FAQ

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What were Katahdin Bankshares' third-quarter 2026 earnings?

Katahdin Bankshares earned $3.3 million, or $1.04 per common share, in the third quarter of 2026. Net income increased approximately 35.7% from the prior quarter and 23.2% from the third quarter of 2025.