InsCorp, Inc. Reports Strong Financial Performance for 2Q26 with Record Earnings per Share

InsCorp, Inc. Reported Results for 2Q26

InsCorp, Inc. (OTCQX: IBTN), a prominent name in the financial services industry, has released its financial results for the second quarter of 2026, revealing a substantial advancement in its earnings performance. The report details a fully diluted earnings per share (EPS) of $0.72 for the quarter ending June 30, marking an impressive 14% increase compared to $0.63 in the first quarter of 2026 and a slight growth from $0.71 in the second quarter of 2025.

The financial statement indicates a solid balance sheet as well, evidenced by a 16% year-over-year growth in average earning assets, stemming from a robust 13% increase in loans and a 15% rise in deposits. When excluding the growth linked to their strategic proposal in Murfreesboro initiated in the third quarter of 2025, the average growth rates for earning assets, loans, and deposits were still commendable at 10%, 8%, and 10% respectively.

In addition to the earnings growth, InsCorp noted improvements in its key financial ratios during the quarter. The return on average assets (ROA) improved to 0.81%, and return on average tangible common equity (ROATCE) was reported at 11.0%, compared to 9.8% in the prior quarter. The efficiency ratio, reflecting operational efficiency, also showed a positive trend, improving to 64.8%.

Jim Rieniets, President and CEO of INSBANK, remarked on the positive developments within the company: “The quarter ended with improvement in key metrics including operating leverage, efficiency ratio, and return on equity, while core net interest margin stayed stable and consistent with our budget.”

Moreover, growth was seen in new client deposits and loans stemming from the company’s Murfreesboro team, with deposit and loan balances reaching $36.3 million and $50.3 million respectively by the end of the quarter. CFO Peyton Green highlighted their milestone of achieving breakeven on a direct expense and revenue basis in just three quarters, well ahead of their internal expectations.

Turning to specifics on asset growth, the average earning asset increase accounted for a notable $139 million, while the loan yield showed a marginal increase from 6.53% in the first quarter to 6.54% in the second quarter. InsCorp's performance was bolstered by the stability in the loan yield and a solid performance in their loan portfolio which comprised contributions from commercial loans, commercial real estate, and home equity lines of credit (HELOC).

Despite some challenges from increased payoff activities affecting the growth rate in the first half of 2026, the loan pipeline remains healthy. Chad Hankins, Chief Lending Officer, noted that while loan growth was notably restrained, the team remains optimistic about continuing solid growth as they head into the latter half of 2026. InsCorp's loan growth reported a year-over-year increase of 15%, indicating the strength of the lending environment.

On the income front, revenue rose by 10% year-over-year, propelled by a 14% increase in net interest income. This growth was, however, slightly offset by a decline in non-interest income, reflecting a dip in SBIC income compared to the prior year. The bank's net interest margin (NIM) moderated slightly to 3.18%, a minor decrease from 3.20% a year prior but improved against the previous quarter.

In light of its growing operations, InsCorp also approved a cash dividend of $0.12 per share to be paid on September 4, 2026, an increase compared to the dividend of $0.44 per share paid in 2025. This reflects management's ongoing commitment to returning value to shareholders and sustaining growth.

In summary, InsCorp, Inc. demonstrates robust financial health with consistent growth metrics, solid operational performance, and strong leadership directions propelling the company forward as it continues to adapt to the dynamic financial landscape. With effective management strategies and proactive expansion plans, InsCorp is well-positioned to maintain its growth trajectory in the forthcoming periods.

For more detailed information about InsCorp, Inc. and INSBANK, visit www.insbank.com.