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Sturgis Bancorp, Inc. reports recurring developments tied to its role as the holding company for Sturgis Bank & Trust Company, a Michigan community bank offering trust, commercial, and consumer banking services. Company updates also describe related financial-advisory, insurance, and title services provided through subsidiaries including Oakleaf Financial Services, Ayres/Oak Insurance, and Oak Title Services.
News themes for STBI include quarterly and annual operating results, net interest income, net interest margin, loan and deposit trends, credit quality, allowance activity, capital ratios, service-cost changes, and the bank's relationship-banking strategy. The company also issues regular dividend announcements for its common stock traded on OTCQX.
Sturgis Bancorp (OTCQX:STBI) declared a quarterly cash dividend of $0.18 per common share, payable June 15, 2026 to shareholders of record at the close of business on May 15, 2026. The Board said this continues the quarterly dividend at the highest level in company history.
Sturgis Bancorp is the holding company for Sturgis Bank & Trust and subsidiaries offering banking, investment, insurance, and title services across multiple Michigan locations.
Sturgis Bancorp (OTCQX:STBI) reported 1Q26 results with net income $1.912M and EPS $0.88. The bank declared a $0.18 dividend and maintained Tier 1 leverage 8.08%. Total assets were $1,014.9M, deposits $908.4M, tax-equivalent NIM 3.70%.
Loans net of allowance were $785.9M. Book value per share was $29.78 ($25.68 tangible). Results reflect higher interest income year-over-year and lower noninterest income versus prior quarter.
Sturgis Bancorp (OTCQX:STBI) reported full-year 2025 net income of $7.46 million and EPS of $3.45, versus $2.84 million and $1.32 in 2024. Total assets reached $998.7 million and Tier 1 leverage capital was 8.11%, above well-capitalized standards. Quarterly 4Q25 net income was $2.01 million with EPS $0.93. Book value per share rose to $29.17 ($25.07 tangible). The bank reversed $383,000 to the allowance for credit losses in 2025 and paid subordinated debentures in full by year-end.
Sturgis Bancorp (OTCQX:STBI) said its Board declared a quarterly cash dividend of $0.18 per common share, payable March 13, 2026, to shareholders of record at the close of business on February 13, 2026.
The declaration raises the quarterly dividend by $0.01 to the highest level in the company's history. The release also summarizes Sturgis Bancorp's subsidiaries and local banking and financial-service operations in multiple Michigan communities.
Sturgis Bancorp (OTCQX:STBI) declared a quarterly cash dividend of $0.17 per common share, payable December 15, 2025 to shareholders of record at the close of business on November 14, 2025. The Board said this continues the quarterly dividend at the highest level in the company’s history.
Sturgis Bancorp is the holding company for Sturgis Bank & Trust Company and subsidiaries including Oakleaf Financial Services, Oak Mortgage, Ayres/Oak Insurance, and Oak Title Services, which provide banking, mortgage, investment, insurance, and title services across multiple Michigan communities.
Sturgis Bancorp (OTCQX:STBI) reported 3Q25 net income of $2.4 million and EPS of $1.09 on October 21, 2025. Total assets reached $999 million, loans (net) were $781 million, and total deposits grew to $894 million.
Key operating trends: net interest income after credit loss benefit was $8.4 million in 3Q25 (up 18.5% YoY), tax-equivalent NIM was 3.54% (down 10 bps sequentially), and the company paid a quarterly dividend of $0.17 per share. Year-to-date net income was $5.447 million versus $870,000 a year earlier, with YTD net interest income after provision up 52.38%.
Funding and capital: core deposits increased materially year-to-date, brokered CDs fell by $30.1 million, borrowed funds declined from $57.0 million to $15.7 million, and Tier 1 leverage capital remained above "well-capitalized" at 7.85%.
Sturgis Bancorp (OTCQX:STBI) has announced a quarterly cash dividend of $0.17 per common share, maintaining its highest dividend level in company history. The dividend will be payable on September 15, 2025, to stockholders of record as of August 15, 2025.
Sturgis Bancorp operates through its main subsidiary, Sturgis Bank & Trust Company, providing banking services across multiple Michigan locations. The company's subsidiaries include Oakleaf Financial Services, Oak Mortgage, Ayres/Oak Insurance, and Oak Title Services, offering a comprehensive range of financial, investment, mortgage, and insurance services.
Sturgis Bancorp (OTCQX:STBI) reported strong Q2 2025 financial results with net income of $1.6 million, up from $1.4 million in Q1 2025 and $1.3 million in Q2 2024. The bank achieved earnings per share of $0.76 and maintained a quarterly dividend of $0.17 per share.
Key performance metrics include net interest margin growth to 3.62%, an increase in total assets to $985 million, and deposit growth of $40.0 million to $882 million. The bank successfully reduced wholesale funding, with FHLB advances and brokered CDs decreasing by $45.4 million and $17.0 million year-to-date, respectively. The institution maintains strong capital ratios with Tier 1 leverage capital at 8.00%.
Sturgis Bancorp reported its Q1 2025 financial results with net income of $1.4 million and earnings per share of $0.67. The bank showed improved performance with net interest margin growing to 3.51%, up 19 basis points from last quarter and 34 basis points year-over-year.
Key financial highlights:
- Total assets reached $959 million
- Deposits increased to $842 million
- Net loans stood at $764 million
- Maintained strong Tier 1 leverage capital at 7.96%
- Paid quarterly dividend of $0.17 per share
The bank reported positive trends in Q1, including a reversal of credit loss allowance of $158,000. However, noninterest income decreased by 30.15% year-over-year to $2.2 million, mainly due to the absence of interest rate swap gains that were present in Q1 2024. CEO Jason Hyska expressed cautious optimism for 2025, noting the bank's focus on relationship banking while acknowledging economic uncertainties ahead.