Beach Cities Commercial Bank returns to profit in Q2 FY26, net income $111,774
Reuters2026/07/30 18:24- Beach Cities Commercial Bank posted net income of USD 111,774 in Q2 ended June 30, 2026, returning to profit from a Q1 loss.
- Total interest income rose 6.4% to USD 3.15 million from Q1; operating expenses were flat at USD 1.9 million.
- Total assets grew 7% to USD 188.9 million versus Dec. 31, 2025; gross loans increased 7% to USD 153.5 million.
- Total deposits fell 3% to USD 139.6 million versus Dec. 31, 2025, as institutional CD balances were cut by USD 7.7 million.
- Management said the bank hit profitability milestones, ended the quarter with no delinquent or non-performing assets, and expects to close its private stock offering by Sept. 30, 2026.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Stellar network stablecoin transfer volume increases by 50%, supply decreases by 11.7%
The U.S. Treasury market remains overheated! Besent expands repo program, emphasizing "this is not quantitative easing"
U.S. Treasury Secretary Janet Yellen stated on Tuesday that the Treasury's decision last month to expand the buyback program for older-dated U.S. Treasury bonds was mainly aimed at "cooling down" the bond market, which has been heating up recently, and helping the market return to a more balanced state.
Lupatech ratifies Mipel’s BRL 1.59 million private commercial note issuance
Crypto prices
More
