CIB Marine Bancshares reports bank holding company developments for CIBM Bank, including operating results, loan and deposit trends, net interest margin, mortgage banking performance, and credit-loss commentary. The bank operates offices in Illinois, Wisconsin, and Indiana and maintains mortgage loan officers and/or offices across six states.
Recurring CIBH news also covers common stock repurchase authorizations, regulatory capital references, board composition, annual meeting matters, and updates tied to the company’s OTCQX-traded common stock.
CIB Marine Bancshares (OTCQX: CIBH) increased its common stock repurchase authorization by $1.0 million, raising the program cap from $2.5 million to $3.5 million and extending the program through December 31, 2026.
Since inception, the company has repurchased approximately $2.4 million of common stock. Repurchases remain at management discretion and are subject to market and regulatory conditions.
CIB Marine Bancshares (OTCQX: CIBH) reported first quarter 2026 results: net income $0.6M and EPS $0.45 basic / $0.43 diluted. Net interest margin rose to 2.96% (CIBM Bank 3.03%). Loans increased $3M and deposits grew $17M in Q1. Allowance for credit losses on loans was 1.30%; nonperforming assets were 1.04%. Q1 share repurchases totaled $1.1M; $2.3M of the $2.5M program spent, acquiring 64,100 shares at an average $35.99. Tangible book value per share was $61.09. The company will hold its annual shareholder meeting on April 30, 2026.
CIB Marine Bancshares (OTCQX: CIBH) expanded its Board from nine to ten members and appointed Dennis Pollack effective February 16, 2026.
Mr. Pollack will also join the CIBM Bank board and is in the director class standing for re-election in 2028. The company set a virtual Annual Meeting for April 30, 2026, with three directors standing for election.
CIB Marine operates nine banking offices and mortgage loan officers/offices in six states.
CIB Marine Bancshares (OTCQX: CIBH) reported unaudited 2025 results for the year ended December 31, 2025. Net income allocated to common shareholders was $1.6 million, or $1.19 basic and $1.15 diluted EPS, down from $2.5 million in 2024. Net interest margin improved to 2.72% for the year (2.81% in Q4), driven by a 52-basis-point reduction in cost of funds while earning-asset yields fell 12 basis points. Provisions for credit losses were $1.1 million for 2025 (Q4 provision $1.2M), and net charge-offs rose to 0.20% for the year. Nonperforming assets were 1.04% of total assets and non-accrual loans 1.31% of loans as of 12/31/2025. An expanded share repurchase program authorizes up to $2.5 million through 12/31/2026.
CIB Marine Bancshares (OTCQX: CIBH) extended and expanded its common stock repurchase program on Nov 3, 2025. The Board authorized an increase in the total repurchase cap from $1.0 million to $2.5 million and extended the program through Dec 31, 2026. To date the company has repurchased approximately $876,000 under the program.
Repurchases may occur in the open market or via privately negotiated transactions and remain subject to market conditions, regulatory requirements, and company discretion. The company said the move reflects confidence in its financial strength while maintaining regulatory capital.
CIB Marine Bancshares (OTCQX: CIBH) reported unaudited results for Q3 2025 and nine months ended Sept 30, 2025. Q3 net income was $0.9M ($0.68 basic, $0.65 diluted); 9-month net income was $1.9M ($1.41 basic, $1.37 diluted). Net interest margin rose to 2.78% in Q3 and 2.69% for nine months. Average loan balances fell by about $56M, limiting NII growth despite margin gains. Allowance for credit losses to loans increased to 1.33%. Nonperforming assets were 0.75% of assets and nonaccrual loans 0.95% of loans. The company authorized a $1M buyback program; $667,558 repurchased YTD.
CIB Marine Bancshares (OTCQX:CIBH) reported Q2 2025 net income of $0.7 million, or $0.50 basic and $0.48 diluted EPS, up from $0.5 million in Q2 2024. Key highlights include improved net interest margin to 2.69% from 2.38% year-over-year, and a 51 basis point decline in cost of funds.
The company's loan portfolio decreased by $19 million from Q1 2025, while the allowance for credit losses increased to 1.32%. Non-performing assets rose to 1.85% of total assets, primarily due to two commercial loans. The Banking Division reported net income of $1.6 million for H1 2025, while the Mortgage Division posted a $0.1 million loss.
Under its 2025 share buyback program, CIBH repurchased 8,083 shares in Q2 at an average price of $32.37, with plans to complete the $1 million program in H2 2025.
CIB Marine Bancshares (CIBH) reported Q1 2025 net income of $0.3 million, or $0.24 basic and $0.23 diluted earnings per share, up from $0.2 million in Q1 2024. Key highlights include:
- Net interest margin improved to 2.62% from 2.29% in Q1 2024
- Net interest income increased by $0.3 million year-over-year
- Quarter-end loan balances declined by $12 million from Q4 2024
- Allowance for credit losses to loans rose to 1.29% from 1.26%
The Banking Division earned $0.8 million, while the Mortgage Division posted a $0.2 million loss. The company launched a $1 million share repurchase program, buying back 7,429 shares at $31.65 per share in Q1. Tangible book value per share increased to $58.46 as of March 31, 2025.
CIB Marine Bancshares (OTCQX: CIBH) has announced its Board of Directors has authorized a $1 million share repurchase program for 2025, marking the company's first common stock buyback since completing its preferred stock repurchase in 2024.
The repurchases are set to begin in Q1 2025 and will be conducted through open market or private transactions. The timing and volume of purchases will be determined by various factors including market conditions, trading prices, and the company's financial performance.
The program is discretionary and doesn't obligate CIBH to purchase a specific amount within any timeframe. The Board will evaluate repurchase conditions quarterly to determine terms and conditions. President and CEO Brian Chaffin highlighted this initiative as building on 2024's momentum and expanding shareholder value opportunities.
CIB Marine Bancshares (OTCQX: CIBH) reported improved financial results for 2024, with net income allocated to common shareholders reaching $5.8 million ($4.32 basic EPS), compared to $0.9 million ($0.66 basic EPS) in 2023. Excluding a non-recurring sale-leaseback transaction gain, net income was $2.5 million ($1.87 basic EPS).
Key highlights include: net interest margin improvement from 2.29% in Q1 to 2.44% in Q4 2024, completion of preferred stock redemption, and improved Mortgage Division performance. However, loan portfolio balances decreased by $25 million and deposits declined by $35 million over the year. The Banking Division reported net income of $6.5 million (or $3.2 million excluding sale-leaseback gain), up from $2.3 million in 2023.
Non-performing assets ratios increased slightly to 0.98% from 0.90% year-over-year, primarily due to three non-accrual credit relationships in the transportation industry.