CIB Marine Bancshares, Inc. Announces Second Quarter 2026 Results

CIB Marine Bancshares, Inc. (the “Company” or “CIB Marine”) (OTCQX: CIBH), the holding company of CIBM Bank (the “Bank”), announced its unaudited results of operations and financial condition for the quarter and six months ended June 30, 2026. Net income for the quarter increased to $0.9 million, or $0.69 basic and $0.68 diluted net income per share, compared to $0.7 million or $0.49 basic and $0.48 diluted net income per share, for the same quarter of 2025. For the six-month period, net income increased to $1.5 million, or $1.14 basic and $1.12 diluted net income per share from $1.0 million, or $0.73 basic and $0.71 diluted net income per share, for the same period in 2025. Financial highlights for the quarter include: Net interest margin increased to 3.03% compared to 2.96% for the first quarter of 2026 and 2.69% for the second quarter of 2025; and to 3.00% for the six months ended June 30, 2026, compared to 2.65% for the same period of 2025. The rising trend continued as the cost of funds declined at a faster pace than earning asset yields. Net interest income increased $0.5 million for the quarter compared to the same quarter of 2025, and by $1.1 million for the six months ended June 30, 2026, compared to the same period of 2025, primarily as a result of an improved net interest margin that more than offset the impact of lower average earning asset balances. Net income for the Banking and Mortgage Divisions increased by $0.3 million and $0.1 million, respectively, for the six months ended June 30, 2026, compared to the same period in 2025. The Banking Division’s increase was driven primarily by higher net interest income, which more than offset increased provisions for cr...