#United States #Nashville #InsCorp #IBTN #Q3 2026

InsCorp, Inc. Reports Third Quarter Results for 2026

On October 30, 2026, InsCorp, Inc. (OTCQX: IBTN) unveiled its financial results for the third quarter (3Q26) ending September 30. The financial institution demonstrated a robust performance, posting fully diluted earnings per share (EPS) of $0.73, which reflects stability compared to $0.72 in the previous quarter and a slight dip from the $0.76 observed in the same quarter last year. Notably, when accounting for a beneficial federal tax credit received in 3Q25, the EPS reflects an increase from $0.66.

The balance sheet growth is commendably solid, with average earning assets soaring by 13% year-over-year, coupled with average loan and deposit growth rates of 14% and 9%, respectively. Excluding the positive impacts of the strategic entry into Murfreesboro in 2025, fundamental growth metrics still indicated increases of 8%, 7%, and 4% year-on-year for earning assets, loans, and deposits in 3Q26.

"Although we have experienced volatility in the financial markets this year, we are pleased to note the bank's continued growth, stable margins, and healthy risk measures, which are fundamental in allowing tangible book value to grow over time," commented Jim Rieniets, the bank's President and CEO. The results from this quarter underscore strategic investments in personnel and technological advancements aimed at bolstering operational efficiency.

The expansion into Murfreesboro further solidified its impact during this quarter, showcasing new client deposit and loan growth. At the end of 3Q26, the deposits and loans attributed to the Murfreesboro team stood at $55.8 million and $67.6 million, respectively. Comparatively, these values represented significant growth from the previous quarter’s $36.3 million in deposits and $50.3 million in loans, alongside earlier numbers from 4Q25. However, the EPS impact from this expansion manifested as a minor decrease of $0.02 in 3Q26 compared to a gain of $0.01 in 2Q26.

Noteworthy is that InsCorp achieved a pre-provision pretax income of $3.1 million in 3Q26, marking a solid 12% annual increase. Notably, net interest income was a key driver of the revenue growth, boosted by 12% year-over-year and contributing to an overall strong financial performance.

The bank also reported an 8% year-on-year growth in noninterest income, propelled by a 42% hike in deposit account service charges. However, the noninterest expense also saw an elevated growth of 11%, partly due to increased personnel expenses stemming from investments in human capital. Even with these expenses, the operational metrics indicate an optimistic outlook for efficiency improvements over the forthcoming years.

Moreover, average earning asset growth has positively contributed with an increase to $121 million year-on-year, primarily driven by buoyant loan growth rates across several sectors, including commercial real estate and construction, showcasing a diversified portfolio. In addition, the healthcare division, Medquity, continued its growth trajectory by originating $29 million in loans, underscoring the bank's focus on niche markets.

Amidst this robust growth, the bank's net interest margin maintained an effective rate of 3.18% for 3Q26, demonstrating stability against previous quarters. The asset quality remained exemplary, with nonperforming loans and charge-offs remaining negligible, reflecting prudent risk management across the organization.

In a significant shareholder update, InsCorp announced a quarterly dividend of $0.12 per common share to be distributed on December 4, 2026, marking a notable 9% increase from the previous year. This decision underscores the bank's commitment to returning value to shareholders.

In wrapping up the report, InsCorp's outlook appears optimistic, bolstered by a robust capital position, a diversified earning portfolio, and a commitment to strategic growth initiatives. With diligent management and an eye on innovation, the bank positions itself favorably for continued growth and sustainability in the evolving financial landscape. For more information, interested readers can visit www.insbank.com.