Skyline and PSB Post Q1 Profit Gains on Wider Margins and Loan Growth

Overview

• The two community-bank holding companies reported first-quarter 2026 results that showed wider net interest margins driving stronger profitability.
• Skyline posted $4.6 million in net income, or $0.82 per share, as net interest margin rose to 4.55% and loans reached $1.08 billion.
• PSB earned $3.3 million, or $0.82 per diluted share, with net interest margin up to 3.45% and tangible book value at $30.55 per share.
• Credit metrics stayed manageable, with Skyline’s nonperforming loans at 0.44% of total loans and PSB’s nonperforming assets at 1.09% of total assets.
• Boards returned cash through higher or regular dividends, while PSB’s quarter also included life-insurance proceeds, gains on SBA loan sales, an FDIC premium true-up, and higher Federal Home Loan Bank borrowings.