# Oak Ridge Financial Earns $0.72 Per Share in Q3 and Declares $0.16 Dividend

> Oak Ridge Financial reported third-quarter earnings of $0.72 per share and declared a $0.16 dividend.

- Published: 2026-10-30T22:03:53+00:00
- Section: Earnings & Results
- Author: News Desk
- URL: https://newsforagent.com/news/2026-10-30/oak-ridge-financial-q3-earnings-dividend
- Source: [GlobeNewswire](https://www.globenewswire.com/news-release/2026/10/30/3392676/28967/en/oak-ridge-financial-services-inc-announces-third-quarter-and-nine-months-ended-september-30-2026-results-and-quarterly-cash-dividend-of-0-16-per-common-share.html)

## Key takeaways

- Oak Ridge Financial reported third-quarter earnings per share of $0.72, compared with $0.69 a year earlier.
- The company declared a quarterly cash dividend of $0.16 per common share, payable December 1, 2026.
- Nonperforming assets were $12.3 million, or 1.82% of total assets, including 19 SBA loans totaling $11.9 million.
- Oak Ridge redeemed all $6.0 million of its subordinated debentures on September 15, 2026, a move expected to save about $340,000 annually in pre-tax interest expense.

[Oak Ridge Financial](https://akta.pro/company-profiles/0005ljk/oak-ridge-financial) Services declared a quarterly cash dividend of $0.16 per common share and reported third-quarter earnings per share of $0.72, up from $0.69 a year earlier, [GlobeNewswire](https://www.globenewswire.com/news-release/2026/10/30/3392676/28967/en/oak-ridge-financial-services-inc-announces-third-quarter-and-nine-months-ended-september-30-2026-results-and-quarterly-cash-dividend-of-0-16-per-common-share.html) announced on October 30, 2026. The company is the parent of [Bank of Oak Ridge](https://akta.pro/company-profiles/0000the/bank-of-oak-ridge), a community bank serving the Triad region of North Carolina.

## Oak Ridge's Third-Quarter Earnings and Dividend

Net income for the three months ended September 30, 2026 was $2.0 million, or $0.72 per share, compared with $1.9 million, or $0.69 per share, in the same quarter of 2025. Net interest income rose $178,000 to $7.0 million as the net interest margin improved to 4.33% from 4.18%. The provision for credit losses fell $765,000 to $112,000.

Noninterest income decreased $367,000 to $895,000, largely because the company recognized no gains on the sale of SBA loans this quarter compared with $380,000 a year earlier. Noninterest expense rose $458,000 to $5.2 million, including a $206,000 increase in employer payroll taxes after the company recognized its remaining Employee Retention Credits in 2025. The efficiency ratio was 66.2%, compared with 59.0% a year earlier.

For the nine months ended September 30, 2026, net income was $5.6 million, or $2.03 per share, compared with $5.7 million, or $2.08 per share, in the same period of 2025. Loans receivable were $535.4 million, up 1.7% from $526.6 million a year earlier, and total deposits were $520.4 million, down 4.2% from $543.2 million.

Nonperforming assets were $12.3 million, or 1.82% of total assets, compared with $5.8 million, or 0.84%, at September 30, 2025. The total included 19 SBA loans with an aggregate outstanding balance of $11.9 million, of which $8.8 million is guaranteed by the SBA and $3.1 million is nonguaranteed. "Nonperforming assets remain our most critical challenge, and reducing them is our highest priority," Chief Executive Tom Wayne said.

On September 15, 2026, the company redeemed all $6.0 million of its outstanding subordinated debentures at par with no prepayment penalty. The debentures carried an effective interest rate of 9.82% per annum in 2026, and management estimates the Bank's marginal cost of funding the redemption at approximately 4.15% per annum. The redemption is expected to reduce interest expense by approximately $340,000 annually, or approximately $85,000 per quarter, on a pre-tax basis.

## Oak Ridge's Revenue and Leadership Record

According to akta.pro [company records](https://akta.pro/company-data), Oak Ridge Financial reported full-year 2025 revenue of $44.28 million and full-year 2025 net income of $8.01 million. The same records show first-quarter 2026 earnings per share of $0.53, down from $0.57 in the first quarter of 2025. Kevin Reid was promoted to Executive Vice President of Bank of Oak Ridge in March 2026, and Kamala Gurung joined as Executive Vice President of Finance and Accounting in January 2025.

## Oak Ridge's December Dividend Payment Date

The quarterly cash dividend of $0.16 per common share is payable on December 1, 2026 to stockholders of record as of the close of business on November 13, 2026. Wayne said the company expects the interest expense savings from the debenture redemption to be fully reflected in its results beginning next quarter.

## Companies in this story

- [Oak Ridge Financial company profile](https://akta.pro/company-profiles/0005ljk/oak-ridge-financial) · website: https://www.oakridgefinancial.com
- [Bank of Oak Ridge company profile](https://akta.pro/company-profiles/0000the/bank-of-oak-ridge) · website: http://bankofoakridge.com

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