Vallant Financial, Inc. Reports Earnings for Third Quarter 2026
ELBERTON, Ga., October 20, 2026--Vallant Financial, Inc. (OTCQX: VLNT) ("Vallant"), the holding company of Vallant Bank, today announced its results of operations for the quarter ended September 30, 2026.
Vallant Financial, Inc. Quarterly Highlights:
Loan demand remains steady
Annualized ROAA of 1.73%
Completed 10:1 stock split
EPS growth quarter over quarter
On July 1, 2026, Vallant completed a 10:1 forward stock split, and shares began trading on a split-adjusted basis on July 2, 2026. Narrative contained herein makes certain adjustments for comparison purposes on a split-adjusted basis.
Vallant reported total assets of $3.86 billion as of September 30, 2026. This marks the second quarter end for the combined company following the merger with Morris State Bancshares, Inc. Loans totaled $2.97 billion net of a $38.9 million reserve, an approximate 1.0% growth over the prior quarter. Total deposits of $3.31 billion are primarily community-based, core deposits. Deposits are down slightly quarter over quarter but have stabilized from post-merger disruption. The company is well capitalized and supported by $466.2 million in total equity.
Net income for the three months ending September 30, 2026, totaled $16.7 million, or $0.67 per share, as compared to $15.8 million the prior quarter, or $0.64 per share, following adjustment to exclude merger-related expenses. Both references are fully diluted and on a split-adjusted basis. Net interest income for the quarter totaled $46.6 million, and other non-interest income totaled $11.6 million. In the prior quarter, net interest income totaled $41.3 million, and other non-interest income was $11.9 million. Driving the improved interest income is a healthy net interest margin of 4.79%. Vallant's board of directors declared a dividend during the quarter of $0.16 per share. The Bank's asset quality remains solid, ending the quarter with total adversely classified assets to Tier 1 capital plus allowance of 10.13%.
Below is selected financial data from the three months ended September 30, 2026.
| Quarterly Comparison of Selected Data | ||||||
| 9/30/26 | 6/30/26 | |||||
| Net Interest Income | $ | 46,618,905 | $ | 41,361,995 | ||
| Non-Interest Income | 11,614,147 | 11,921,242 | ||||
| Other Expenses | 35,166,367 | 31,793,201 | ||||
| Net Income after Taxes | $ | 16,694,118 | $ | 15,847,548 | 1 | |
| EPS (fully diluted and split-adjusted) | $ | 0.67 | $ | 0.64 | 1 | |
| Quarterly Dividends per Share | $ | 0.16 | $ | 0.145 | ||
| Annualized Return on Average Assets (ROAA) | 1.73 | % | 1.59 | %1 | ||
| Annualized Return on Average Equity (ROAE) | 14.25 | % | 13.48 | %1 | ||
| 1 Adjusted to exclude merger-related expenses |