#Commencement Bancorp Reports Financial Results for Q2 2026
Commencement Bancorp, Inc. has announced its financial results for the second quarter of 2026, revealing a net income of $1.8 million, which translates to earnings of $0.48 per share. This marks a slight increase from $1.7 million, or $0.44 per share, reported in the previous quarter. The results reflect the company's ongoing efforts to enhance its profitability and market share.
The company reported a robust increase in total assets, which rose to $739.8 million, up from $697.5 million at the end of the first quarter. Notably, loans increased by $16.8 million, demonstrating a 12.5% annualized growth rate. Deposits also saw a significant rise of $36.1 million, reflecting a 23.3% annualized growth rate during the same period.
Commencement Bancorp's net interest margin improved to 4.29%, up from 4.20% in the previous quarter, aided by a growth in interest income. However, the cost of deposits increased to 1.37%, compared to 1.33% in the first quarter and a favorable drop from 1.53% in the second quarter of 2025. This trend in deposit costs suggests potential pressures on future margins.
The management articulated a positive outlook, attributing their year-over-year earnings increase to the effective execution of a community-focused banking strategy. Leaders within the company emphasized their commitment to personal relationships and the local community as drivers of market share growth. Additionally, strategic new hires, particularly in Health Care Banking and SBA lending, have reportedly energized their commercial loan and deposit pipelines.
Commencement Bancorp maintains solid credit quality, with nonperforming assets holding steady at 0.07% of total assets. The allowance for credit losses remains robust at 1.18% of loans receivable, indicating prudent management of its loan portfolio. The bank also reported total liquidity of $147.0 million at the end of the quarter, ensuring it is well-positioned to meet future financial obligations.
Commencement Bancorp, Inc. reported a net income of $1.8 million, or $0.48 earnings per share, for the second quarter of 2026. This represents an increase from $1.7 million, or $0.44 earnings per share, in the first quarter of 2026.
By the end of the second quarter of 2026, total assets for Commencement Bancorp, Inc. increased to $739.8 million, up from $697.5 million at the end of the first quarter of 2026.
During the second quarter of 2026, Commencement Bancorp, Inc. reported an increase in loans of $16.8 million, reflecting a 12.5% annualised growth rate.
The total cost of deposits for Commencement Bancorp, Inc. during the second quarter of 2026 was 1.37%, up from 1.33% in the first quarter of 2026, but down from 1.53% in the second quarter of 2025.
Commencement Bancorp, Inc. reported total on-balance sheet liquidity of $147.0 million at the end of the second quarter of 2026, which represented 19.9% of total assets.
Non-interest income for Commencement Bancorp, Inc. decreased by $148,000, or 25.0%, compared to the second quarter of 2025, while non-interest expense increased by $75,000, or 1.5%, compared to the first quarter of 2026.
Commencement Bancorp, Inc. indicates that their forward-looking statements are based on current expectations and involve various risks and uncertainties, including competition, changes in interest rates, and economic conditions. Actual results may differ materially from projections.
Commencement Bancorp, Inc. is listed on the OTCQX under the ticker symbol CBWA.