Wednesday, Susquehanna Bancshares, Inc. (SUSQ) reported a plunge in fourth quarter profit on lower interest income and higher credit loan losses. However, earnings were in-line with street expectations.
Susquehanna's fourth quarter net income applicable to common shareholders plunged to $3.4 million or $0.04 per share from $18.2 million or $0.21 per share in the prior year quarter. On an average, eleven analysts polled by Thomson Reuters expected the company to report a loss of $0.04 per share for the quarter. Analysts' estimates typically exclude one-time items.
Net interest income for the quarter increased to $108.6 million from $99.8 million in the comparable quarter last year. Total noninterest income increased to $46.0 million from $36.8 million last year.
Analysts had a consensus revenue estimate of $141.59 million for the fourth quarter.
Provision for loan and lease losses surged to $55.0 million from $22.5 million in the year-ago period. Net interest margin increased 25 basis points to 3.77% from 3.52% in the same quarter last year.
Net charge-offs as a percentage of average loans and leases for the fourth quarter was 2.06%, compared to 0.60% in prior year quarter. Nonaccrual loans and leases and other real estate owned as a percentage of loans, leases and other real estate owned was 2.48% compared to1.20% in the year-ago period.
For the full year, the company reported net loss applicable to common shareholders of $4.0 million or $0.05 per share, compared to net income of $81.8 million or $0.95 per share last year. Net interest income increased to $408.8 million from $398.3 million in the prior year. Total noninterest income increased to $163.7 million from $142.3 million last year.
Analysts expected the company to report loss of $0.12 per share on revenue of $553.69 million for the full year.
SUSQ closed Wednesday's regualr trading session at $7.71, up $0.41 or 5.62%, on a volume of 1.42 million shares on the Nasdaq.
For comments and feedback contact: editorial@rttnews.com
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.