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Gateway Bank Q3 2026 Net Loss Narrows 57% Year Over Year to $370,405

PUBT·11/09/2026 14:05:25
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Gateway Bank Q3 2026 Net Loss Narrows 57% Year Over Year to $370,405
  • Gateway Bank's third-quarter 2026 net loss narrowed 57% year over year to $370,405.
  • Net interest income climbed 63% year over year to $2.02 million, while falling 6% from the preceding quarter.
  • Net interest margin fell quarter over quarter to 2.54%, primarily due to reduced one-time loan interest and fee benefits.
  • September-end loans rose 55% year over year to $277.21 million, while deposits increased 18% to $245.48 million.
  • CEO Mukhtar Ali expects the strong construction lending pipeline to continue through year-end, with lending focused on single-family infill development.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Gateway Bank FSB published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202611090900PRIMZONEFULLFEED9872977) on November 09, 2026, and is solely responsible for the information contained therein.