Citizens Business Bank Net Interest Income Grows 6.7%
Net interest income grew by $7.4M, or 6.7% from Q1 of 2025. Net interest margin of 3.44% increased by 13 basis points from Q1 of 2025. For the first quarter of 2026, annualized return on average equity was 8.86%, annualized return on average tangible common equity was 13.38%, and annualized return on average assets was 1.33%. David Brager, CEO of the company, commented, "Citizens Business Bank's performance in the first quarter demonstrates our continued financial strength and focus on our vision of serving the comprehensive financial needs of small to medium sized businesses and their owners. Our consistent financial performance is highlighted by our 196 consecutive quarters, or 49 years, of profitability, and our 146 consecutive quarters of paying cash dividends. I would like to thank our customers and associates for their continued commitment and loyalty, as well as welcoming Heritage's customers, associates and shareholders to Citizens Business Bank." Brager continued, "The merger with Heritage Bank of Commerce marks the most strategic and largest acquisition by asset size in our history, bringing together two premier, relationship focused business banks and advancing our longstanding objective of expanding Citizens throughout California by entering the Bay Area. Our team is eager to build on the strong customer and community relationships that Heritage has established. "
