Mission Bancorp Reports All-Time Record Quarterly Earnings of $9.2 Million for the Third Quarter of 2026, an Increase of 6% Year over Year. Annualized Total Deposit Growth of 14%. Announces Extension of Stock Repurchase Plan.

(OTC:MSBC) Mission Bancorp reported unaudited net income available to common shareholders of $9.2 million, or $3.05 per diluted common share, for the third quarter of 2026. This compares to $8.6 million, or $2.90 per diluted common share, for the third quarter of 2025, and $8.2 million, or $2.74 per diluted common share, for the linked quarter. Gross loans increased by $107.3 million, or 7.6%, to $1.52 billion as of September 30, 2026, compared to $1.42 billion as of September 30, 2025, and decreased by $6.3 million, or 0.4%, compared to June 30, 2026. Total deposits increased by $84.9 million, or 4.9%, to $1.81 billion as of September 30, 2026, compared to $1.73 billion a year earlier, and increased by $62.7 million, or 3.6%, from $1.75 billion as of June 30, 2026. Non-interest-bearing deposits were $701.7 million, representing 38.7% of total deposits as of September 30, 2026. The allowance for credit losses as a percentage of gross loans rose from 1.37% as of June 30, 2026, to 1.38% as of September 30, 2026. Nonaccrual loans represented 0.06% of total gross loans as of September 30, 2026, up from 0.02% as of June 30, 2026. The Community Bank Leverage Ratio for the Bank as of September 30, 2026, was 12.22%, compared to 11.29% as of September 30, 2025. Net interest income was $21.6 million, or 4.38% of average earning assets (net interest margin), for the third quarter of 2026, compared with $20.0 million, or 4.27%, for the same prior year period, and $20.4 million, or 4.35%, for the quarter ended June 30, 2026. Loan interest income and fee accretion for the current quarter increased by $2.2 million compared to the third quarter of 2025, partially offset by a decline of $0.6 million in interest income on interest earning deposits in other banks and a $0.5 million decline in interest income on investment securities. Interest expense declined $0.5 million compared to the same prior year period. The yield on loans decreased 9 basis points to 6.48%, while the yield on interest earning deposits in other banks and investment securities decreased by 68 basis points to 3.73%, and 47 basis points to 3.41%, respectively, compared to the same prior year period. Average balances on loans increased $153.6 million, or 11.1%, while average balances on interest earning deposits in other banks decreased $31.5 million, or 14.6%, and average balances on investment securities decreased $20.2 million, or 8.2%. The cost of interest-bearing deposits decreased 24 basis points to 2.66%, while the average balances of interest-bearing deposits increased $28.5 million, or 2.7%. For the quarter ended September 30, 2026, the yield on loans increased 8 basis points to 6.48%, while the yield on interest-earning deposits in other banks increased 4 basis points to 3.73%, and the yield on investment securities decreased 8 basis points to 3.41%, compared to the linked quarter. Average balances on loans increased $26.9 million, or 1.8%, and average balances on interest-earning deposits in other banks increased $54.7 million, or 42.4%, while average investment securities' balances decreased $8.0 million, or 3.4%. The cost of interest-bearing deposits increased 6 basis points to 2.66%, and average interest-bearing deposits increased $37.4 million, or 3.6%. Average subordinated debt balances decreased $10.2 million following the retirement of subordinated debt during the quarter. The cost of funds was 1.63% for the quarter ending September 30, 2026, a decrease of 19 basis points compared to 1.82% for the same prior year period, and a 1 basis point decrease compared to 1.64% for the linked quarter ended June 30, 2026. As of September 30, 2026, the Company maintained interest rate swap agreements with notional balances totaling $93 million. Interest rate swap contracts incurred $17 thousand of interest expense for the third quarter of 2026, compared to $87 thousand in interest expense for the linked quarter and $110 thousand in interest income for the third quarter of 2025. A $0.5 million provision for credit losses was recorded for the quarter ended September 30, 2026, compared to $0.8 million for the linked quarter, and $0.5 million for the same prior year period. Non-interest income increased $0.2 million, or 10.7%, to $1.8 million for the quarter ended September 30, 2026, compared to $1.7 million for the linked quarter, and remained relatively stable compared to $1.9 million for the same prior year period. Non-interest expense increased by $0.2 million, or 1.8%, to $10.1 million for the quarter ended September 30, 2026, compared to $9.9 million for the linked quarter, and increased by $1.0 million, or 10.7%, compared to $9.1 million for the quarter ended September 30, 2025. The Company's operating efficiency ratio increased to 43.0% for the third quarter of 2026, compared to 41.7% for the third quarter of 2025, and decreased from 44.8% for the linked quarter. Total non-interest expense as a percentage of average assets was 1.96% for the third quarter of 2026, compared to 1.86% for the third quarter of 2025, and 2.02% compared to the quarter ended June 30, 2026. Income tax expense was $3.7 million for the third quarter of 2026, compared to $3.6 million for the quarter ended September 30, 2025, and $3.2 million for the linked quarter ended June 30, 2026. The Company's effective tax rate for the third quarter of 2026 was 28.9%, compared to 29.6% for the same prior year period, and 28.3% for the quarter ended June 30, 2026. The return on average equity for the third quarter of 2026 was 15.0%, down from 16.7% for the same prior year period, and 14.1% for the linked quarter. The quarterly return on average assets for the third quarter of 2026 was 1.78%, up from 1.77% from the same prior year period, and 1.67% for the linked quarter. Total assets increased by $105.9 million, or 5.4%, to $2.07 billion as of September 30, 2026, compared to September 30, 2025, and increased by $58.2 million, or 2.9%, compared to June 30, 2026. Cash and cash equivalents increased by $21.5 million, or 8.5%, compared to the same prior year period, and increased by $73.8 million, or 36.7%, compared to June 30, 2026.

Mission Bancorp Surpasses $2.0 Billion in Total Assets, Second Quarter Earnings of $8.2 Million and Annual Loan and Deposit Growth of 12.9% and 7.6%.

(OTC:MSBC) Mission Bancorp reported unaudited net income available to common shareholders of $8.2 million, or $2.73 per diluted common share, for the second quarter of 2026. Gross loans increased by $174.6 million, or 12.9%, to $1.53 billion as of June 30, 2026, compared to $1.36 billion as of June 30, 2025. Total deposits increased by $123.0 million, or 7.6%, to $1.75 billion as of June 30, 2026, compared to $1.63 billion a year earlier. Net interest income was $20.4 million, or 4.35% of average earning assets, for the second quarter of 2026, compared with $18.1 million, or a net interest margin of 4.07%, for the same prior year period. The allowance for credit losses as a percentage of gross loans rose from 1.35% as of March 31, 2026, to 1.37% as of June 30, 2026. The Community Bank Leverage Ratio for the Bank as of June 30, 2026, was 12.22%, compared to 11.43% as of June 30, 2025. The company projects it is well positioned for the second half of the year.

Mission Bancorp Reports First Quarter Earnings of $7.7 Million, a 7% Increase Year Over Year, and Annual Loan Growth of 14.5%. Announces Extension of Stock Repurchase Plan and Declares 5.00% Annual Stock Dividend.

Mission Bancorp reported unaudited net income available to common shareholders of $7.7 million, or $2.58 per diluted common share, for the first quarter of 2026, representing a 7% increase year over year. Gross loans increased by $188.9 million, or 14.5%, to $1.49 billion as of March 31, 2026, while total deposits rose by $15.8 million, or 1.0%, to $1.67 billion. The company's net interest income was $19.8 million, with a net interest margin of 4.39%. Non-interest expense increased to $10.0 million, and the operating efficiency ratio decreased to 46.9%. These results reflect strong loan growth, modest deposit growth, and moderate net interest margin expansion despite challenging times.