Wilson Bank Holding Company reported a net income of $22.3 million for the first quarter of 2026, marking a 35.8% increase from $16.4 million in the same period of 2025. This growth was primarily driven by a rise in net interest income, which increased to $53.8 million from $44.6 million year-over-year, alongside a boost in non-interest income, which rose to $9.6 million from $8.1 million. The bank's earnings per share also saw a significant increase, with basic earnings per share rising to $1.82 from $1.37, and diluted earnings per share increasing to $1.81 from $1.37.
The bank's total assets grew by 1.9% to $5.99 billion as of March 31, 2026, compared to $5.88 billion at the end of 2025. This increase was attributed to a rise in loans, which reached $4.34 billion, up from $4.30 billion, reflecting a 0.95% increase. The bank's total deposits also increased by 1.8% to $5.34 billion, driven by enhanced marketing efforts and growth in market share. The allowance for credit losses on loans rose to $57.2 million, representing 1.30% of total loans, up from 1.26% at the end of 2025, reflecting a cautious approach amid a deteriorating economic outlook.
Strategically, Wilson Bank divested its credit card business effective January 1, 2026, which resulted in a premium of $1.1 million recognized in income. The bank will continue to service these credit cards until April 2027. Additionally, the bank has focused on expanding its residential and commercial real estate lending, capitalizing on population growth and corporate relocations in its primary market areas.
Operationally, the bank's non-performing loans decreased to $22.8 million from $28.3 million, primarily due to the payoff of a large commercial real estate loan. The bank's non-performing asset ratio improved to 0.39% from 0.49%. The bank's management remains optimistic about maintaining its asset quality, although it acknowledges potential risks from economic conditions. Looking ahead, Wilson Bank aims to continue its growth trajectory while managing credit risk and maintaining a strong capital position, with total shareholders' equity increasing to $594.6 million as of March 31, 2026.
About WILSON BANK HOLDING CO
Wilson Bank Holding Company is a Tennessee-based bank holding company that operates Wilson Bank and Trust, offering a full range of banking services including personal, commercial, and real estate loans, deposit accounts, mortgage origination, and investment services. It serves local communities in middle Tennessee, emphasizing relationship banking, community development, and regulatory compliance within a highly regulated financial environment.
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