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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%.
Mission Bancorp ("Mission" or the "Company") (OTC Pink: MSBC), a bank holding company and parent of Mission Bank (the "Bank"), 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, compared to net income available to common shareholders of $3.1 million, or $1.05 per diluted common share, for the second quarter of 2025, and net income available to common shareholders of $7.7 million, or $2.58 per diluted
About this update from Mission Bancorp
BAKERSFIELD, Calif., July 20, 2026 /PRNewswire/ -- Mission Bancorp ("Mission" or the "Company") (OTC Pink: MSBC), a bank holding company and parent of Mission Bank (the "Bank"), 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, compared to net income available to common shareholders of $3.1 million, or $1.05 per diluted common share, for the second quarter of 2025, and net income available to common shareholders of $7.7 million, or $2.58 per diluted common share, for the linked quarter. "We have seen another quarter of strong performance with results that have propelled us beyond the $2.0 billion asset mark," said Mission Bank President and CEO A.J. Antongiovanni. "We are reporting second quarter earnings of $8.2 million and annual loan and deposit growth of 12.9% and 7.6%, respectively. We have also generated 9.4% year-over-year growth in non-interest-bearing deposits, further proving the strength and efficacy of our relationship-driven business model and commitment to high-touch personal service. I would like to thank the dedicated team members who helped us reach this milestone. We have bolstered the overall strength of our balance sheet and are well positioned for the second half of the year." Second Quarter 2026 Financial Highlights Net Income Available to Common Shareholders Net income available to common shareholders for the second quarter of 2026 was $8.2 million, or $2.73 per diluted common share, compared with $7.7 million, or $2.58 per diluted common share, for the linked quarter ended March 31, 2026. Net income available to common shareholders was $3.1 million, or $1.05 per diluted common share, for the second quarter of 2025. Net income available to common shareholders increased $0.6 million, or 7.2%, compared to the linked quarter, and increased by $5.1 million, or 161.8%, compared to the same prior year period. Notable variances compared to the linked quarter include an increase in net interest income and a decrease in non-interest expense, which were partially offset by an increase in the provision for income taxes. Compared to the second quarter of 2025, an increase in net interest income and decrease in non-interest expense, were partially offset by an increase in the provision for income taxes. Net Interest Income Net interest income wa...