Earnings summaries and quarterly performance for STEELE BANCORP.
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Steele Bancorp, Inc. Reports Fourth Quarter and Full-Year 2025 Earnings
STLE
Earnings
M&A
Revenue Acceleration/Inflection
- Steele Bancorp, Inc. completed its merger with Northumberland Bancorp on August 1, 2025, resulting in the company's name change from Mifflinburg Bancorp, Inc..
- For the fourth quarter ended December 31, 2025, net income increased by 1,226.6% to $5.59 million and basic and diluted earnings per share rose to $1.64, compared to the same period in 2024.
- The company reported a 410.8% increase in net income to $22.89 million for the full year ended December 31, 2025, which was significantly impacted by a bargain purchase gain of $18.30 million recognized in association with the merger.
- Total assets grew by 111.3% to $1.26 billion as of December 31, 2025, primarily driven by the acquisition of Northumberland.
- Pre-tax merger-related expenses for the year ended December 31, 2025, totaled $5.52 million, including $1.40 million incurred in the fourth quarter.
4 days ago
Steele Bancorp, Inc. Reports Strong Q3 2025 Earnings Following Northumberland Merger
STLE
Earnings
M&A
Revenue Acceleration/Inflection
- Steele Bancorp, Inc. reported net income of $13.7 million for the third quarter of 2025, an 890.4% increase compared to the same period in 2024, with basic and diluted earnings per share of $4.77.
- The company completed its merger with Northumberland Bancorp on August 1, 2025, which significantly impacted Q3 2025 results, including a $17.8 million bargain purchase gain and $3.9 million in merger-related expenses.
- Total assets increased by 110.1% to $1.3 billion as of September 30, 2025, from $596.7 million at December 31, 2024, primarily due to the Northumberland acquisition.
Nov 7, 2025, 4:49 PM
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