JEFFERSONVILLE, N.Y., Nov. 10, 2026 (GLOBE NEWSWIRE) -- Jeffersonville Bancorp, Inc. (OTCQB - JFBC) announced today third quarter net income of $3,688,000 or $0.87 per share compared to $3,293,000 or $0.78 per share for the same quarter in 2025. The increase in quarterly net income compared to 2025 of $395,000 was primarily attributable 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. The increase was partially offset by 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 growth in the loan portfolio.
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 increase in year-to-date net income compared to 2025 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. The increase was 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, compared to the same period in 2025.
"The Company continues to benefit from solid loan growth with historically good credit quality metrics and a peer leading low-cost deposit base." said George W. Kinne, Jr., President and CEO, “Our earnings outperformance in recent years has resulted in robust capital levels which, along with strong liquidity sources, has kept us well positioned to navigate the volatility impacting the banking industry created by local, national, and global conditions.”
A cash dividend in the amount of twenty cents ($0.20) per share on the common stock of the company was declared at the November 10, 2026 meeting of the Board of Directors. 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, which owns all the capital stock of Jeff Bank. Jeff Bank maintains 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.
For More Information, call: 845-482-4000
Contact: George W. Kinne, Jr., President – CEO
