Sturgis Bancorp Stock Price, News & Analysis

Sturgis Bancorp (OTCQX:STBI) reported 3Q25 net income of $2.4 million and EPS of $1.09 on October 21, 2025. Total assets reached $999 million, loans (net) were $781 million, and total deposits grew to $894 million.

Key operating trends: net interest income after credit loss benefit was $8.4 million in 3Q25 (up 18.5% YoY), tax-equivalent NIM was 3.54% (down 10 bps sequentially), and the company paid a quarterly dividend of $0.17 per share. Year-to-date net income was $5.447 million versus $870,000 a year earlier, with YTD net interest income after provision up 52.38%.

Funding and capital: core deposits increased materially year-to-date, brokered CDs fell by $30.1 million, borrowed funds declined from $57.0 million to $15.7 million, and Tier 1 leverage capital remained above "well-capitalized" at 7.85%.

Sturgis Bancorp (OTCQX:STBI) has announced a quarterly cash dividend of $0.17 per common share, maintaining its highest dividend level in company history. The dividend will be payable on September 15, 2025, to stockholders of record as of August 15, 2025.

Sturgis Bancorp operates through its main subsidiary, Sturgis Bank & Trust Company, providing banking services across multiple Michigan locations. The company's subsidiaries include Oakleaf Financial Services, Oak Mortgage, Ayres/Oak Insurance, and Oak Title Services, offering a comprehensive range of financial, investment, mortgage, and insurance services.

Sturgis Bancorp (OTCQX:STBI) reported strong Q2 2025 financial results with net income of $1.6 million, up from $1.4 million in Q1 2025 and $1.3 million in Q2 2024. The bank achieved earnings per share of $0.76 and maintained a quarterly dividend of $0.17 per share.

Key performance metrics include net interest margin growth to 3.62%, an increase in total assets to $985 million, and deposit growth of $40.0 million to $882 million. The bank successfully reduced wholesale funding, with FHLB advances and brokered CDs decreasing by $45.4 million and $17.0 million year-to-date, respectively. The institution maintains strong capital ratios with Tier 1 leverage capital at 8.00%.

Sturgis Bancorp (STBI) has announced changes in its board leadership following its annual meeting in May 2025. Michael Frost, President of LTI Printing, has been elected as Chairman of both Sturgis Bancorp Inc. and Sturgis Bank's Board of Directors. Keene Taylor, Partner at Realty Executives, has been appointed as Vice Chairman for both boards. Frost succeeds David Franks, who served as Board Chairman for five years and will remain on the board. The leadership transition follows a period of significant growth and successful navigation through challenges including COVID-19. The board composition includes executives from various industries, with Jason Hyska serving as President and CEO of Sturgis Bancorp and CEO of Sturgis Bank.

Sturgis Bancorp reported its Q1 2025 financial results with net income of $1.4 million and earnings per share of $0.67. The bank showed improved performance with net interest margin growing to 3.51%, up 19 basis points from last quarter and 34 basis points year-over-year.

Key financial highlights:

• Total assets reached $959 million
• Deposits increased to $842 million
• Net loans stood at $764 million
• Maintained strong Tier 1 leverage capital at 7.96%
• Paid quarterly dividend of $0.17 per share

The bank reported positive trends in Q1, including a reversal of credit loss allowance of $158,000. However, noninterest income decreased by 30.15% year-over-year to $2.2 million, mainly due to the absence of interest rate swap gains that were present in Q1 2024. CEO Jason Hyska expressed cautious optimism for 2025, noting the bank's focus on relationship banking while acknowledging economic uncertainties ahead.

Sturgis Bancorp (OTCQX:STBI) has announced a quarterly cash dividend of $0.17 per common share, maintaining its highest dividend level in company history. The dividend will be paid on June 13, 2025, to stockholders of record as of May 15, 2025.

The company operates through its main subsidiary, Sturgis Bank & Trust, along with several specialized divisions:

• Oakleaf Financial Services - Investment and financial advisory
• Oak Mortgage - Residential mortgages
• Ayres/Oak Insurance - Commercial and consumer insurance
• Oak Title Services - Title insurance services

The bank provides comprehensive trust, commercial, and consumer banking services through banking centers across Michigan, including locations in: Sturgis, Bangor, Bronson, Centreville, Climax, Colon, Marshall, Niles, Portage, South Haven, St. Joseph, Three Rivers, and White Pigeon.

Sturgis Bancorp (OTCQX:STBI) has reported its Q4 and full-year 2024 financial results. Q4 highlights include net income of $2.0 million, EPS of $0.91, and a dividend of $0.17 per share. Total assets reached $956 million with deposits at $814 million.

Full-year 2024 performance showed net income of $2.8 million (down from $6.0 million in 2023), with EPS of $1.32. The bank maintained strong capital ratios with Tier 1 leverage capital at 7.89%. Notable changes include:

• Net interest income decreased 1.70% to $28.0 million in 2024
• Provision for credit losses increased to $4.6 million (vs $1.3 million in 2023)
• Noninterest income rose 13.14% to $10.1 million
• Total assets grew by $37 million during the year

Sturgis Bancorp (OTCQX:STBI) has announced a quarterly cash dividend of $0.17 per common share, maintaining the highest dividend level in the company's history. The dividend will be paid on March 14, 2025, to stockholders of record as of February 14, 2025.

The company operates through its main subsidiary, Sturgis Bank & Trust Company, along with several other subsidiaries including Oakleaf Financial Services, Oak Mortgage, Ayres/Oak Insurance, and Oak Title Services. The bank provides comprehensive banking services across multiple locations in Michigan, offering trust, commercial, and consumer banking services, while its subsidiaries provide investment advisory, mortgage, insurance, and title services.

Sturgis Bancorp, Inc. (OTCQX:STBI) has announced a quarterly cash dividend of $0.17 per common share, payable on December 13, 2024, to stockholders of record as of November 15, 2024. This dividend maintains the highest level in the company's history.

Sturgis Bancorp is the holding company for Sturgis Bank & Trust Company and its subsidiaries, offering a range of banking and financial services. The Bank operates in multiple locations across Michigan, providing trust, commercial, and consumer banking services. Its subsidiaries offer investment advisory, mortgage, insurance, and title services.