Tri-County Financial Group reports Q2 2026 net income of $4.1 million

Tri-County Financial Group reported second-quarter 2026 net income of $4.1 million, or $1.73 per share, up from $3.5 million, or $1.47 per share, a year earlier. Net income for the six months ended June 30, 2026 was $8.6 million, or $3.61 per share, compared with $6.1 million, or $2.54 per share, in the prior-year period. Net interest income rose 16% to $14.2 million from $12.2 million in the second quarter of 2025, while non-interest income fell 5% to $4.4 million and non-interest expense declined 3% to $11.8 million. The company recorded total credit loss expense of $1.1 million, versus a credit loss recovery of $0.1 million a year earlier, mainly tied to a reserve adjustment on unfunded commitments after a $51 million increase from the prior quarter. At June 30, 2026, total loans were $1.29 billion, down 1% from a year earlier, and nonperforming loans were 0.46% of total loans, compared with 0.29% a year earlier. The allowance for credit loss was $14.8 million, or 1.15% of gross loans, compared with $14.7 million, or 1.13%, at June 30, 2025. Total deposits increased by $28.0 million to $1.297 billion, including about $10.0 million of brokered deposits, down from about $32.5 million a year earlier. Federal Home Loan Bank advances fell to $45.9 million from $86.9 million. The board declared a regular dividend of $0.28 per share on June 9, 2026, payable July 9, 2026, to shareholders of record on June 30, 2026.