On October 28, 2026, REDWOOD CAPITAL BANCORP (the Company), (OTCQX:RWCB), the only locally owned and operated community bank holding company in Humboldt County, announced unaudited financial results for the three and nine-month period ended September 30, 2026. Redwood Capital Bank (the Bank), the Company’s wholly owned subsidiary, reported consistent earnings.

Jennifer P. Budwig, President commented, “During the third quarter of 2026, the Company remains well-capitalized with a capital ratio of 11.26% at quarter-end. Throughout the third quarter of 2026, Redwood Capital Bank experienced consistent growth in net interest margin at 4.23%. Gross loans are up $29.4 million year to date. Overall, the Bank’s balance sheet remains strong, while earnings remain consistent. As of the third quarter of 2026, tangible book value has risen 7% to $30.46 with earnings per share (EPS) increasing 28% to $2.52 per share compared to the same period in 2025. These results reflect the Board of Directors and the management team’s commitment to the Company’s long-term performance.”

Budwig added, “I am pleased to announce Redwood Capital Bank’s expansion into Shasta County with the establishment of a non-branch, Loan Production Office (LPO) in Redding, California. This exciting new chapter allows us to extend our relationship-focused approach to commercial lending into the greater Redding area. Equally exciting is Redwood Capital Bank’s recent certification as a Community Development Financial Institution (CDFI), an important milestone that reinforces our mission as a community bank. This designation provides additional opportunities to expand access to capital, support local businesses and strengthen the communities we serve. As we look ahead, we remain focused on responsible growth, exceptional customer service and making a meaningful difference in the lives of our customers and communities.”

The Company’s total assets as of September 30, 2026, were $553.7 million. Total deposits stood at $495 million as of September 30, 2026. Total loans as of September 30, 2026, net of unearned income, were $411.1 million. Net income for the third quarter of 2026 was strong at $1,759,000. Net interest income for the three and nine months ended September 30, 2026, totaled $5,684,000 and $16,420,000 respectively. The Company also reported net income for the first nine months of 2026 of $4,706,000.

Additionally, the Board of Directors declared a quarterly cash dividend of $0.10 per share, payable on November 12, 2026, to shareholders of record at the close of business on October 26, 2026. The dividend is equivalent to an annual rate of $0.40 per share or 1.16%, based upon a market price of $34.61 per common share.

For more information regarding Redwood Capital Bancorp, please visit our website at www.redwoodcapitalbank.com, contact Renee Byers, CFO, at (707) 444-9849, or stop by our headquarters and main office at 402 “G” Street, Eureka, CA 95501. Redwood Capital Bancorp (OTCQX:RWCB) trades on the OTCQX Best Market. Companies meet high financial standards, follow best practice corporate governance, demonstrate compliance with U.S. securities laws and have a professional third-party sponsor introduction. Investors can find current financial disclosure and Real-Time Level 2 quotes for the Company on www.otcmarkets.com.

This press release may contain forward-looking statements that are subject to risks and uncertainties. Such risks and uncertainties may include but are not necessarily limited to fluctuations in interest rates, inflation, government regulations and general economic conditions, and competition within the business areas in which the bank is conducting its operations, including the real estate market in California and other factors beyond the bank’s control. Such risks and uncertainties could cause results for subsequent interim periods or for the entire year to differ materially from those indicated. Readers should not place undue reliance on the forward-looking statements, which reflect management’s view only as of the date hereof. The bank undertakes no obligation to publicly revise these forward-looking statements to reflect subsequent events or circumstances.

Redwood Capital Bancorp

Selected Consolidated Financial Results – Unaudited

(In Thousands – except share data)
             
    Period Ended   %
    9/30/2026   9/30/2025   Change
             
Balance Sheet Data (at period end)            
Total assets  

$553,732

  

$542,004

 

  

2

%
Total deposits  

495,014

  

485,342

 

  

2

%
Total loans (net)  

411,134

  

387,356

 

  

6

%
Common equity  

56,882

  

54,838

 

  

4

%
Common shares outstanding  

1,867,559

  

1,930,191

 

  

-3

%
             
Summary of Operations (Current Quarter)            
Interest income  

               6,819

  

               6,414

 

  

6

%
Interest expense  

               1,135

  

               1,272

 

  

-11

%
Net Interest Income  

               5,684

  

               5,142

 

  

11

%
Non-interest income  

                  959

  

                  827

 

  

16

%
Non-interest expense  

               4,004

  

               3,782

 

  

6

%
Net Income before provision  

               2,639

  

               2,187

 

  

21

%
Provision for loan losses  

                  195

  

                    33

 

  

491

%
Income before taxes  

               2,445

  

               2,155

 

  

13

%
Income taxes  

                  686

  

                  610

 

  

12

%
Net Income  

               1,759

  

               1,545

 

  

14

%
Earnings per share (fully diluted)  

$0.94

  

$0.80

 

  

18

%
Book value per common share  

$30.46

  

$28.41

 

  

7

%
             
             
    Period Ended   %
    9/30/2026   9/30/2025   Change
             
Balance Sheet Data (at period end)            
Total assets  

$553,732

  

$542,004

 

  

2

%
Total deposits  

495,014

  

485,342

 

  

2

%
Total loans (net)  

411,134

  

387,356

 

  

6

%
Common equity  

56,882

  

54,838

 

  

4

%
Common shares outstanding  

1,867,559

  

1,930,191

 

  

-3

%
             
Summary of Operations (Current Quarter)            
Interest income  

               6,819

  

               6,414

 

  

6

%
Interest expense  

               1,135

  

               1,272

 

  

-11

%
Net Interest Income  

               5,684

  

               5,142

 

  

11

%
Non-interest income  

                  959

  

                  827

 

  

16

%
Non-interest expense  

               4,004

  

               3,782

 

  

6

%
Net Income before provision  

               2,639

  

               2,187

 

  

21

%
Provision for loan losses  

                  195

  

                    33

 

  

491

%
Income before taxes  

               2,445

  

               2,155

 

  

13

%
Income taxes  

                  686

  

                  610

 

  

12

%
Net Income  

               1,759

  

               1,545

 

  

14

%
Earnings per share (fully diluted)  

$0.94

  

$0.80

 

  

18

%
Book value per common share  

$30.46

  

$28.41

 

  

7

%
             
Summary of Operations (Year to Date)            
Interest income  

             19,829

  

             18,480

 

  

7

%
Interest expense  

               3,409

  

               3,928

 

  

-13

%
Net Interest Income  

             16,420

  

             14,552

 

  

13

%
Non-interest income  

               2,790

  

               2,398

 

  

16

%
Non-interest expense  

             12,369

  

             11,748

 

  

5

%
Net Income before provision  

               6,841

  

               5,202

 

  

32

%
Provision for loan losses  

                  441

  

                  (75

)

  

-688

%
Income before taxes  

               6,401

  

               5,277

 

  

21

%
Income taxes  

               1,695

  

               1,467

 

  

16

%
Net Income  

               4,706

  

               3,810

 

  

24

%
Earnings per share (fully diluted)  

$2.52

  

$1.97

 

  

28

%
Book value per common share  

$30.46

  

$28.41

 

  

7

%

 

Media gallery

About The Author
Business Wire