#United States #financial results #Mooresville #blueharbor bank #Q2 2026

Overview of blueharbor Bank's Earnings Report

On July 10, 2026, blueharbor bank revealed its financial results for the second quarter of 2026, highlighting a robust performance that underscores the bank's growth and commitment to improving its services. The report drew attention to several critical financial metrics, showcasing the bank's strong position in the market and its positive momentum.

Key Financial Highlights

The second quarter was marked by substantial increases across various metrics:

• - Net Income: The bank reported a net income of $3,521,941, which translates to $1.16 per diluted share. This marks a notable 40% increase compared to the $2,512,699 or $0.83 per diluted share recorded in the same quarter last year.
• - Performance Over Six Months: For the first half of 2026, blueharbor bank's total net income stood at $6,854,110 and $2.27 per diluted share, up from $4,905,646 and $1.63 per diluted share in the preceding year.
• - Return Ratios: The bank achieved a return on average assets (ROA) of 2.31% and a return on average equity (ROE) of 20.75%, indicating effective asset management and profitability.
• - Asset Growth: blueharbor bank's total assets grew to $628.4 million, showcasing an increase of $21.6 million or 4% compared to the previous year.

Loan and Deposit Growth

The bank reported a significant boost in gross loans, reaching $537.1 million. This is an increase of $15.6 million from December 2025 and $74.9 million over the past year. The total deposits also saw substantial growth, rising to $551.2 million, reflecting a solid 3% increase since December and an impressive 18% rise from the previous year.

Asset Quality and Capital Ratios

Maintaining high asset quality, blueharbor bank has reported zero non-performing assets for the seventh consecutive quarter, showcasing its dedication to managing risks effectively. The bank's total risk-based capital is firmly positioned at 14.1%, staying above regulatory requirements, and both common equity tier 1 and tier 1 to risk-weighted assets ratios remain steady at 13.1%.

Strong Net Interest Income

Net interest income for the quarter was noted to be $6,391,815, up 21% from $5,276,207 in Q2 2025. This increase has been attributed to a rise in average loans outstanding and better yield from those loans, enhancing the bank's financial performance.

Comment from Leadership

Jim Marshall, President and CEO of blueharbor bank, expressed satisfaction with the bank's results, stating, "We are pleased with our very solid performance for the second quarter and first half of 2026. Our team continues to strengthen our valued relationships every day, which supports our consistent results." His comments emphasize the importance of customer relationships in driving the bank's success.

Conclusion

blueharbor bank's impressive second-quarter results for 2026 reflect its strategic growth, strong financial health, and effective management practices. With a solid foundation, the bank is well-positioned for continued success, reinforcing its reputation in the financial sector. Stakeholders and customers alike can look forward to more positive developments as the bank builds on this impressive performance in the upcoming quarters.

For more details, visit the bank's official website at www.blueharborbank.com.