Consumers Bancorp’s fiscal-year Net Income increased 28.8% to $11.164 million, while net interest income rose 16.6% to $39.892 million. The results matter to investors because the company paid $0.21 per share in cash dividends and identified asset Credit quality, interest rates and net interest income as key risks.

Key Highlights

  • Net income increased 28.8% to $11.164 million in fiscal year 2026 from $8.667 million in fiscal year 2025.
  • Average interest-earning Assets increased by $89.5 million, or 8.5%, during fiscal year 2026.
  • Noninterest income rose 11.2%, helped by debit card interchange and Mortgage banking activity.

Consumers Bancorp, Inc. (OTC: CBKM) increased fiscal-year net income 28.8% to $11.164 million from $8.667 million. Return on average Equity reached 13.11%, while return on average assets was 0.92%.

Full-Year Earnings Gain

Net income increased by $2.497 million between the years ended June 30, 2025 and June 30, 2026. The company’s net interest income grew by $5.672 million over the same period. Average interest-earning assets expanded by $89.5 million, or 8.5%, during fiscal year 2026. Return on average equity improved from 12.05% to 13.11%. Return on average assets increased from 0.78% to 0.92%.

Income And Expense Drivers

Noninterest income increased by $0.611 million, or 11.2%, during fiscal year 2026. Debit card interchange income rose by $0.209 million, or 8.4%, while mortgage banking activity income increased by $0.121 million, or 30.3%. Revenue recognized on Interest Rate swaps contributed $0.106 million. The provision for credit losses on loans was $0.990 million, compared with $1.137 million in fiscal year 2025. Consumers Bancorp attributed the increase in the unfunded-commitment provision primarily to growth in commercial and residential construction projects during fiscal year 2026. Total noninterest expenses rose by $3.382 million, or 12.0%, reflecting higher salaries, incentives, occupancy and equipment costs, and debit card processing expenses.

Dividend And Share Base

Cash dividends paid per share were $0.21 during each quarter of fiscal year 2026. The company reported no repurchases of its securities during fiscal year 2026. Banking regulations limit dividends that may be paid without prior regulatory approval, and the principal source of funds for the company’s dividend payments is dividends received from Consumers National Bank.

Credit And Rate Risks

Consumers Bancorp identified less favorable local, regional and national economic conditions as a risk to future performance. The company also cited potential deterioration in asset credit quality and the possibility that debtors may be unable to meet their obligations amid high Unemployment rates and inflationary pressures. Rapid changes in market interest rates could affect fair market valuations and reduce net interest income. Other identified risks include changes in Non-Performing Assets and charge-offs, as well as investments in existing markets proving less profitable or developing more slowly than expected.