---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-25-033777"
form_type: "8-K"
ticker: "STLE"
cik: "0000779227"
company_name: "STEELE BANCORP INC"
filed_at: "2025-11-07T23:59:59+00:00"
generated_at: "2026-05-16T23:14:50.265147+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Steele Bancorp Q3 net income $13.7M ($4.77 EPS); merger with Northumberland yields $17.8M bargain gain

## Summary
- Net income $13.7M vs $1.4M YoY; diluted EPS $4.77; net interest income $9.9M (+129% vs prior year).
- Merger with Northumberland closed Aug 1; total consideration ~$40.5M; bargain purchase gain $17.8M.
- Core deposit intangible $14.2M; merger expenses $3.9M in Q3; one-time provision for credit losses $4.0M.
- Total assets $1.3B (+110% from Dec 2024); net loans +$459M; deposits +$616M, mostly from acquisition.
- Equity-to-assets 9.2%; effective tax rate 5.11% due to non-taxable bargain gain.

## SEC filing metadata
- accession: 0001437749-25-033777
- form_type: 8-K
- ticker: STLE
- cik: 0000779227
- company_name: STEELE BANCORP INC
- filed_at: 2025-11-07T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/779227/000143774925033777/0001437749-25-033777-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/779227/000143774925033777/miff20251104_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-25-033777
- JSON: https://secwatch.observer/filing/0001437749-25-033777.json
- Plain text: https://secwatch.observer/filing/0001437749-25-033777.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.