The sharp rise in NPAs from 0.09% to 0.80% is the key watch item — while management says it's one well-secured credit, any further disclosures or resolution updates in Q4 will determine if this is contained or a broader trend. Monitor next 10-Q for credit quality trends and any further provisioning.
Price Chart
Executive Summary
CSB Bancorp reported strong Q3 2026 results with net income of $4.987M ($1.90/share), up 20% YoY from $4.151M ($1.57/share), driven by 15% net interest income growth and margin expansion to 3.99% FTE. However, nonperforming loans surged to $7.1M (0.80% of loans) from $746K (0.09%) a year ago due to a single commercial relationship, partially offsetting the positive earnings momentum.
Key Financial Metrics
Key Facts
- Q3 2026 net income of $4.987M ($1.90/diluted share) vs $4.151M ($1.57) in Q3 2025, a 20% increase
- Net interest income (FTE) rose 15% to $12.647M from $10.968M; net interest margin expanded to 3.99% from 3.67%
- Nonperforming loans jumped to $7.1M (0.80% of total loans) from $746K (0.09%) a year ago, attributed to a single commercial relationship previously disclosed in Q2 2026
- Provision for credit loss expense increased to $759K from $501K in Q3 2025; ACL rose to 1.58% of loans vs 1.08%
- Efficiency ratio improved to 52.56% from 55.56%
- Book value per share increased to $51.22 from $47.56; market cap reached $202.4M
Financial Impact
Net income grew $836K (+20% YoY); NIM expanded +32 bps to 3.99% FTE; credit costs increased $258K in provision; NPA ratio surged to 0.80% from 0.09%
Risk Factors
- Nonperforming loan spike from a single commercial relationship could indicate broader credit deterioration if not isolated
- Rising interest rates and inflation (CPI 3.7%) may pressure loan demand and credit quality
- Expense growth of 9% YoY (salaries +11%, software +16%) could pressure margins if revenue growth slows
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001193125-26-426681 |
| Document: csbb-20261020.htm | 0001193125-26-426681 |
| Document: 0001193125-26-426681-index-headers.html | 0001193125-26-426681 |
| Document: 0001193125-26-426681-index.html | 0001193125-26-426681 |
| Document: 0001193125-26-426681.txt | 0001193125-26-426681 |
| 8-K Data (Synthetic) | 0001193125-26-426681 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 20, 2026 7d ago | 8-K | $75.00 | awaiting T+60 | — | $75.00 (0.00%) |
Apr 20, 2026 27w ago | 8-K | $63.00 $72.50 | ▲ +15.08% | ▲ +8.18% | $75.00 (+19.05%) |
Feb 25, 2026 35w ago | 8-K | $57.57 $66.00 | ▲ +14.64% | ▲ +6.89% | $75.00 (+30.27%) |
US Market Status
Subscribe to SecBot
Get Real-Time SEC Filing Intelligence
Comprehensive SEC filing analysis delivered the moment filings hit EDGAR. Sentiment scoring, impact analysis, and actionable insights for every material event.
Create a free account Live analysis, Telegram alerts, watchlists and the MCP server for subscribers