secwatch.observer — SEC 8-K summary
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Issuer:     STEELE BANCORP INC (STLE)
CIK:        0000779227
Form:       8-K
Filed at:   2025-11-07T23:59:59+00:00
Accession:  0001437749-25-033777
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/779227/000143774925033777/0001437749-25-033777-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/779227/000143774925033777/miff20251104_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-25-033777

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer