ENB Financial posted second-quarter 2026 net income of $5.704 million, down 1.8% from $5.810 million a year earlier, and reported year-to-date net income of $9.728 million, down 3.9% from 2025. The company reported basic and diluted EPS of $1.00 for Q2 and adjusted diluted EPS (excluding merger and conversion-related charges) of $1.22 for the quarter and $2.24 year-to-date. ENB completed the acquisition and conversion of Cecil Bancorp during the period, which materially impacted balance sheet composition and operating results.

Financial Highlights

  • Net income: $5,704,000 for Q2 2026, a 1.8% decrease from $5,810,000 in Q2 2025; $9,728,000 year-to-date vs. $10,126,000 in 2025 (3.9% decrease).
  • Net interest income: $20,781,000 for Q2 2026 and $39,710,000 for the six months ended June 30, 2026.
  • Adjusted net income (non-GAAP, excluding merger/conversion charges): $6,944,000 for Q2 2026 and $12,755,000 year-to-date.
  • Diluted earnings per share: $1.00 for Q2 2026; adjusted diluted EPS (non-GAAP) $1.22 for Q2 2026 and $2.24 year-to-date.
  • Balance sheet snapshot (June 30, 2026): total assets $2,390,906,000; gross loans $1,671,468,000; deposits $2,016,968,000; stockholders' equity $171,520,000.

Business Highlights

  • Completed acquisition of Cecil Bancorp and Cecil Bank on February 1, 2026; fair value of net assets acquired totaled $24,617,000, including net loans of $147.4 million and deposits of $186.384 million.
  • Acquisition contributed to organic and acquired loan growth, with total loans up 14.2% year-over-year and total deposits up 6.4% from June 30, 2025.
  • Conversion to a unified operating platform completed in late June 2026 to eliminate redundant systems and reduce future duplicate operating expenses.
  • Operational impacts from the acquisition included staffing four additional branches in Cecil County and integration-related increases in personnel, occupancy and equipment costs.
  • Trust and investment services, service fees and commissions grew due to additional accounts and customers from the Cecil acquisition and favorable market conditions.

Original SEC Filing:

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