Mission Valley Bancorp reports Q1 net income of $0.7M, declares $0.15 dividend, and plans annual meeting in July.

Mission Valley Bancorp announced a net income of $0.7 million ($0.21 per diluted share) for Q1 2026, down from $1.6 million in Q1 2025, impacted by specific borrower issues increasing credit loss provisions. The bank's net interest income was $7.2 million with a net interest margin of 4.08%, and it saw growth in gross loans and total assets. Despite challenges, the company celebrated the opening of a new branch and declared a $0.15 per share cash dividend payable in June, with optimism for the rest of 2026. The annual shareholders meeting is scheduled for July 28, 2026.