Lake Ridge Bancorp (OTCQX: LRBI) declared a third quarter 2026 cash dividend of $0.63 per share, payable on September 16, 2026 to shareholders of record as of August 19, 2026. Including this payment, 2026 dividends total $1.78 per share, versus $1.42 per share paid through September 30, 2025. Participants in the dividend reinvestment plan will have dividends reinvested at $134.41 per share, matching tangible book value as of June 30, 2026.
Lake Ridge Bancorp (OTCQX: LRBI) reported second quarter 2026 net income of $8.6 million, or $4.36 per share, up from $7.4 million ($3.75 per share) in Q1 2026 and $6.8 million ($3.46 per share) in Q2 2025.
According to Lake Ridge Bancorp, quarterly net interest income rose to $26.3 million, supported by loan repricing and higher fed funds sold and securities balances, while noninterest income increased to $5.3 million, driven mainly by Wealth Management and interchange fees. Noninterest expense edged down to $20.1 million.
Net loans grew $43.1 million (1.8%) to $2.42 billion, and total deposits increased $71.2 million to $2.78 billion versus December 31, 2025. Non-performing loans were $9.3 million, or 0.38% of total loans. Book value per share rose to $158.21 and tangible book value to $135.41, representing 4.0% and 6.0% increases since year-end 2025.