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STEELE BANCORP INC 8-K Filings

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Every 8-K that STEELE BANCORP INC (STLE) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.

A 8-K covers material events a company has to report between its quarterly reports, so if you follow STLE and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full STLE filings page.

Rhea-AI Summary

Steele Bancorp, Inc. (STLE) will hold future non-binding advisory votes on executive compensation every year, following shareholders’ recommendation. The annual schedule continues until the next required vote on frequency, which must occur no later than the 2032 annual meeting.

Rhea-AI Summary

STEELE BANCORP INC (STLE), through its wholly owned subsidiary Central Penn Bank & Trust, updated supplemental executive retirement arrangements for several senior executives. The board of the bank approved these actions on July 16, 2026.

The bank entered into a new supplemental executive retirement agreement with J. Todd Troxell, providing a normal retirement benefit of $45,600 per year, payable in equal monthly installments over 15 years starting after he reaches age 65, with early termination, disability, death, and change in control benefits based on a vesting schedule. These benefits can be forfeited if he violates restrictive covenants or is terminated for cause.

Amendments for other executives increase normal annual retirement benefits to $157,000 for Jeffrey J. Kapsar, $117,000 for Thomas C. Graver Jr., and $79,000 for Thomas L. Eberhart, with corresponding changes to related benefit schedules; other terms of their existing agreements remain unchanged.

Rhea-AI Summary

Steele Bancorp, Inc. reported sharply higher results for the quarter ended June 30, 2026, the first comparable period fully reflecting its August 1, 2025 merger with Northumberland Bancorp. Net income was $5.26 million versus $1.82 million a year earlier, and year‑to‑date net income was $10.14 million versus $3.63 million. Basic and diluted EPS were $1.54 for the quarter and $2.98 for the first half of 2026.

Net interest income rose to $12.66 million for the quarter and $24.87 million year‑to‑date, driven by growth in loan and securities balances, a 70‑basis‑point increase in yield on earning assets to 6.04%, and a 22‑basis‑point decline in cost of funds to 2.16%. GAAP net interest margin improved to 4.31%, and tax‑equivalent margin to 4.38%. Noninterest income increased to $1.89 million for the quarter, primarily from added trust fees and higher ATM and debit card usage.

As of June 30, 2026, total assets were $1.27 billion, up $12.29 million, or 1.0%, from December 31, 2025, with modest increases in cash, loans, and securities. Steele Bancorp remained well capitalized, with a total equity‑to‑assets ratio of 9.77%, and maintained significant unused borrowing capacity with the Federal Home Loan Bank of Pittsburgh and the Federal Reserve Discount Window.

Rhea-AI Summary

Steele Bancorp, Inc. reported that its board declared a regular semi-annual cash dividend of $0.76 per share for the six months ended June 30, 2026. The dividend will be paid on June 29, 2026 to shareholders of record on June 15, 2026.

Year-to-date dividends declared in 2026 total $0.76 per share, slightly above the $0.74 per share declared for the same period in 2025. Steele also notes that its banking subsidiary had $1.27 billion in total assets and 173 employees as of March 31, 2026.

Rhea-AI Summary

Steele Bancorp, Inc. reported the results of its 2026 Annual Meeting of Shareholders. Four directors – Timothy J. Apple, Richard J. Drzewiecki, Bradley E. Moyer, and J. Todd Troxell – were elected, each receiving over 1.45 million votes in favor, with additional broker non-votes recorded.

Shareholders approved the company’s named executive officer compensation, with 1,441,453 votes for, 67,602 against, and 62,071 abstentions, plus broker non-votes. They also supported holding future say-on-pay advisory votes every one year, with 859,024 votes favoring the annual frequency.

In addition, shareholders ratified the appointment of YHB CPAs and Consultants as independent registered public accounting firm for the year ending December 31, 2026, with 1,723,241 votes for, 20,403 against, and 62,603 abstentions. Management’s shareholder meeting presentation was furnished as Exhibit 99.1 under Regulation FD and not deemed filed for liability purposes.

Rhea-AI Summary

Steele Bancorp, Inc. reported strong first quarter 2026 results, with GAAP net income of $4.88 million, up 170.1% from the same period in 2025. Basic and diluted earnings per share rose to $1.43 from $0.97.

Net interest income climbed to $12.21 million from $4.74 million, driven mainly by higher loan and securities balances following the merger with Northumberland Bancorp, while net interest margin improved to 4.21% from 3.38%. Noninterest income grew to $1.57 million, helped by new trust fee income and higher ATM and debit card fees.

Total assets were $1.27 billion as of March 31, 2026, slightly above $1.26 billion at year-end 2025, and stockholders’ equity increased to $122.15 million. The company remained well capitalized with a total equity-to-assets ratio of 9.63% and maintained significant unused borrowing capacity, though nonperforming assets rose to 0.81% of loans plus other real estate.

Rhea-AI Summary

Steele Bancorp, Inc. filed a current report to share its latest financial results. The company issued a press release titled “Steele Bancorp, Inc., Reports Fourth Quarter 2025 Earnings” on February 3, 2026, which is included as Exhibit 99.1.

The press release provides consolidated earnings information for the quarter and full year ended December 31, 2025. This 8-K primarily serves to make that earnings release part of the company’s official SEC disclosure record.

Rhea-AI Summary

Steele Bancorp, Inc. (STLE) filed a Form 8-K to report that it has declared a dividend. The company states that on November 21, 2025, it issued a press release titled “Steele Bancorp, Inc. Declares Dividend,” which is included as Exhibit 99.1 and incorporated by reference. The filing itself does not detail the dividend terms, focusing instead on formally notifying investors that the dividend announcement has been made through the attached press release.

Rhea-AI Summary

Steele Bancorp, Inc. reported unaudited consolidated financial results for the three and nine months ended September 30, 2025, and announced that a press release titled “Steele Bancorp, Inc., Reports Third Quarter 2025 Earnings” was issued on November 7, 2025.

The update was furnished under Item 2.02 (Results of Operations and Financial Condition) with the press release included as Exhibit 99.1. The filing lists no securities registered under Section 12(b).

Rhea-AI Summary

Steele Bancorp amended a prior current report to supplement the disclosure about completed mergers by providing the required financial records for the acquired bank. The amendment attaches audited consolidated financial statements of Northumberland for the years ended December 31, 2024 and December 31, 2023, unaudited consolidated statements as of June 30, 2025 and for the six‑month periods ended June 30, 2025 and June 30, 2024, plus unaudited pro forma condensed consolidated combined financial information. No other changes to the original report were made; the filing is limited to adding the exhibits that document the acquired business and the pro forma impact of the mergers.

Rhea-AI Summary

Steele Bancorp, Inc. (STLE) notified shareholders of an update to its dividend payment schedule via a shareholder letter and furnished that letter as an exhibit to this report. The disclosure indicates the company communicated a change to timing or mechanics of dividend payments and made the text available as Exhibit 99.1, giving shareholders formal notice of the update. The filing does not include the revised payment dates or amounts within the report text; those details are contained in the attached exhibit.