The acquisition integration is substantially complete with merger costs down to $6K in Q3; the core earnings power is now visible. Monitor the Q4 2026 for full run-rate profitability without conversion costs and for further margin expansion from the higher-yielding loan portfolio.
Price Chart
Executive Summary
ENB Financial Corp reported Q3 2026 net income of $6.913M, up 16.8% YoY from $5.919M, driven by a 22.4% increase in net interest income from the Cecil Bancorp acquisition and organic loan growth. GAAP EPS was $1.21 vs $1.04 in Q3 2025, with minimal merger-related expenses ($6K net of tax) in the quarter. The acquisition integration is largely complete, and credit quality improved with a $374K provision release.
Key Financial Metrics
Key Facts
- Net income Q3 2026: $6.913M vs $5.919M in Q3 2025 (+16.8%)
- GAAP diluted EPS: $1.21 vs $1.04 in Q3 2025
- Net interest income: $22.297M, up 22.4% YoY from $18.219M
- Net interest margin expanded to 3.86% from 3.38% in Q3 2025
- Provision release of $374K vs $20K provision expense in Q3 2025
- Criticized loans declined 44% from Dec 31, 2025 to Sep 30, 2026
- Total assets $2.40B, up 7.8% YoY; gross loans $1.71B, up 15.1% YoY
- Merger & conversion expenses nearly eliminated: $6K net in Q3 vs $392K in Q3 2025
- Tangible book value per share: $26.85 vs $28.29 at Dec 31, 2025 (decline from goodwill/CDI amortization)
Financial Impact
Net income increased $994K or 16.8% YoY; NII grew $4.078M or 22.4% YoY; provision release of $374K vs expense of $20K in prior year
Risk Factors
- Borrowings increased 30.5% YoY to $222.8M, with higher subordinated debt costs
- Efficiency ratio deteriorated to 68.8% from 66.9% in Q3 2025 (GAAP basis)
- Tangible book value per share declined to $26.85 from $28.29 at year-end 2025 due to goodwill/CDI amortization
- Securities portfolio declined 10.8% YoY, reducing a source of liquidity and income
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001174947-26-000931 |
| Document: form8k-36445_enbf.htm | 0001174947-26-000931 |
| Document: 0001174947-26-000931-index-headers.html | 0001174947-26-000931 |
| Document: 0001174947-26-000931-index.html | 0001174947-26-000931 |
| Document: 0001174947-26-000931.txt | 0001174947-26-000931 |
| 8-K Data (Synthetic) | 0001174947-26-000931 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 23, 2026 2d ago | 8-K | $29.90 | awaiting T+20 | — | $30.96 (+3.55%) |
Oct 22, 2026 3d ago | 8-K | $29.75 | awaiting T+20 | — | $30.96 (+4.07%) |
Sep 21, 2026 4w ago | 8-K | $29.75 $29.35 | ▼ −1.34% | ▼ −0.44% | $30.96 (+4.07%) |
Jul 16, 2026 14w ago | 8-K | $29.00 $29.01 | ▲ +0.03% | ▼ −3.58% | $30.96 (+6.76%) |
May 6, 2026 24w ago | 8-K | $25.90 $26.01 | ▲ +0.42% | ▼ −2.36% | $30.96 (+19.54%) |
Apr 27, 2026 25w ago | 8-K | $25.34 $25.39 | ▲ +0.20% | ▼ −4.76% | $30.96 (+22.18%) |
US Market Status
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