Lyons Bancorp Inc., the parent financial holding company of The Lyons National Bank (LNB), has continued to perform well in the first half of 2026, driven by strategic focus, strong financial execution, and agility in adapting to evolving market conditions. The second quarter of 2026 saw a resilient U.S. economy navigating geopolitical disruptions in the Middle East, stubborn inflation, a shift in interest rate expectations, and continued elevated energy prices leading to a hawkish Federal Reserve expectation and possible rate increases.
Despite these factors, we are pleased to report LNB’s continued quarter-over-quarter growth, with solid and improving financial results through the first half of 2026. Lyons Bancorp, Inc., reported earnings of $6.0 million or $1.71 per common share for the second quarter of 2026, as compared to $5.3 million or $1.52 per common share reported for the first quarter of 2026; a $0.19 or 12.5% increase. Both numbers are reported on a fully diluted basis. Contributing to the quarter-over-quarter earnings per share improvement was an increase in net interest income as well as steady loan growth.
At June 30, 2026, assets totaled $2.131 billion, as compared to $2.107 billion reported at March 31, 2026. Loans grew by $16 million or 1% from $1.555 billion at March 31, 2026, to $1.571 billion at June 30, 2026. Deposits totaled $1.935 billion at June 30, 2026, as compared to $1.918 billion at March 31, 2026. The Tier 1 leverage capital ratio showed an improvement at 8.38% on June 30, 2026, from 8.11% on March 31, 2026. The Bank maintains a strong capital position, driven by the benefit of net income, offset by dividends paid, as well as share repurchases.
At June 30, 2026, the Bank’s net interest margin was 3.22% compared to 2.98% at March 31, 2026. The increase was due to higher rates on earnings assets offset by the impact of current interest rates on the deposit mix.
Lyons Bancorp continues to deliver strong expense management and improved its efficiency ratio to 59.37% at June 30, 2026, a change from 61.65% on March 31, 2026. Return on average assets increased to 1.14% at June 30, 2026 from 1.02% at March 31, 2026. Return on average shareholder’s equity increased to 16.18% at June 30, 2026 from 14.79% at March 31, 2026.
Our strong credit quality of our loan portfolio remained consistent through the second quarter of 2026. Total non-performing loans totaled only 0.47%, which compares favorably to our peer group.
“The solid performance of our loan portfolio as well as our practice of maintaining strong reserves, enables our outstanding staff to continue to focus on providing excellent service to our customers and growing LNB,” stated Thomas L. Kime, President and CEO.
At June 30, 2026, Lyons Bancorp had 3.5 million shares outstanding on a diluted basis. As of June 30, 2026, the last stock trade reported was $55 per share. Lyons Bancorp, Inc. is a publicly-owned company and its common shares are traded on the OTCQX Best Market under the stock symbol LYBC.
