Jeffersonville Bancorp Announces Third Quarter Earnings of $3,688,000 or $0.87 per share; Declares Dividend of $0.20

(OTC:JFBC) Jeffersonville Bancorp, Inc. announced third quarter net income of $3,688,000 or $0.87 per share for 2026, compared to $3,293,000 or $0.78 per share for the same quarter in 2025. The increase in quarterly net income of $395,000 was primarily due to an increase in loan interest and fees of $464,000, an unrealized gain on an equity security income of $76,000, and an increase in securities and other interest income of $52,000. Offsetting these gains were an increase in income tax expense of $129,000, an increase in interest expense of $56,000, and an increase in provision for credit losses of $19,000 due to loan portfolio growth. Year to date net income as of September 30, 2026 was $10,306,000 or $2.43 per share, compared to $9,301,000 or $2.20 per share for the same period in 2025. The year-to-date net income increase of $1,005,000 was primarily attributable to an increase in loan interest and fees income of $1,308,000, an increase in securities income of $598,000, an increase in non-interest income of $164,000, and a decrease in the provision for credit losses of $82,000. These were partially offset by a decrease in interest on balances held at the Federal Reserve Bank of $468,000, an increase in income tax expense of $301,000, an increase in non-interest expense of $254,000, and an increase in interest expense of $124,000. George W. Kinne, Jr., President and CEO, stated that the company continues to benefit from solid loan growth, strong credit quality metrics, and a low-cost deposit base, resulting in robust capital levels and strong liquidity sources. The Board of Directors declared a cash dividend of $0.20 per share on the common stock at its November 10, 2026 meeting. The dividend is payable on December 7, 2026 to stockholders of record at the close of business on November 25, 2026. Jeffersonville Bancorp is a one-bank holding company that owns all the capital stock of Jeff Bank. Jeff Bank operates ten full-service branches in Sullivan and Orange County, New York, located in Anawana Lake Road/Monticello, Eldred, Callicoon, Jeffersonville, Liberty, Livingston Manor, Monticello, Port Jervis, White Lake, and Wurtsboro.