Total assets of $4.16 billion, net income of $12.0 million, and a return on average assets of 1.15 percent.
CHATTANOOGA, Tenn. Calder Financial Corporation, the holding company for Calder Bank & Trust, N.A., today reported net income of $12.0 million, or $0.96 per diluted share, for the quarter ended March 31, 2026. The company reported net income of $11.1 million, or $0.88 per diluted share, for the same quarter of 2025.
Total assets were $4.16 billion at quarter end. Total deposits were $3.53 billion and total loans were $2.95 billion. Net interest margin was 3.36 percent for the quarter. The efficiency ratio was 57.9 percent. Nonperforming assets were 0.22 percent of total assets. Return on average assets was 1.15 percent.
Assets under administration in the Wealth and Trust division were $3.1 billion at quarter end.
"Deposit gathering in Nashville and Middle Tennessee was the work of the quarter, and it is the work that decides what next year looks like," said Ellis R. Vandergriff, President and Chief Executive Officer. "The 48 new commercial relationships we opened came with operating accounts, which is the only kind worth counting."
"Opening a commercial relationship end to end takes less than half the time it did before the core conversion, and that is what shows up in the pipeline," Vandergriff said.
"Expenses came in where we planned and the efficiency ratio was 57.9 percent," said Margo Ballew, Executive Vice President and Chief Financial Officer. "We would rather carry the 12.6 percent capital position than spend it proving a point about growth."
The board of directors declared a quarterly cash dividend of $0.21 per share, payable May 29, 2026 to shareholders of record on May 15, 2026.
Calder Bank & Trust, N.A. is a national banking association headquartered in Chattanooga, Tennessee, founded in 1913. The bank operates 61 offices across Tennessee, north Georgia and north Alabama and has approximately $4.2 billion in assets. It provides retail banking, commercial and treasury services, and wealth and trust administration. The bank is a wholly owned subsidiary of Calder Financial Corporation. Member FDIC. Equal Housing Lender.
There is no established public trading market for the common stock of Calder Financial Corporation. The stock is held by approximately 1,400 holders of record and is not listed on any exchange or quoted on any interdealer quotation system.
Lauren Pickett, Vice President and Director of Corporate Communications
(423) 555-0134 · lauren.pickett@calderbankonline.com