Exchange Bank reported October 29 that third-quarter net income rose to $8.9 million from $8.6 million a year earlier, according to its unaudited results.
The Santa Rosa, California, bank’s net interest income increased 8.4% to $25.2 million. Interest expense declined by $1 million, helping the difference between interest earned and funding costs widen.
Other revenue weakened. Non-interest income fell to $6.4 million from $7.4 million, which the bank attributed to property-sale and life-insurance gains recorded in 2025 that did not recur.
Non-interest expenses increased to $20.6 million from $19 million. Personnel costs accounted for $1 million of that rise, with salary adjustments and employee benefits contributing.
The bank also said additional low-income housing tax credits helped reduce income-tax expense compared with the year-earlier quarter.
For the first nine months, net income totaled $23.7 million, up from $21.2 million. Total assets stood at $3.2 billion on September 30, down 3.7% from a year earlier.
The figures describe the quarter ended September 30, rather than business activity occurring on the announcement date.
Sources: Exchange Bank — October 29 Unaudited Results via Business Wire: https://www.streetinsider.com/Business%2BWire/Exchange%2BBank%2BAnnounces%2BThird%2BQuarter%2B2026%2BEarnings/27256502.html