secwatch.observer — SEC 8-K summary
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Issuer:     STEELE BANCORP INC (STLE)
CIK:        0000779227
Form:       8-K
Filed at:   2026-02-03T23:59:59+00:00
Accession:  0001437749-26-002739
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Steele Bancorp Q4 net income $5.59M ($1.64 EPS) vs $421K; bargain purchase gain $18.3M
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- Net income Q4 2025 $5.59M ($1.64 basic EPS) vs $421K ($0.23) in Q4 2024; year-to-date $22.89M.
- Total assets $1.26B at Dec 31, 2025, up 111% from $596.7M a year ago, driven by Northumberland merger.
- Net interest margin expanded to 4.32% from 2.78% YoY; net interest income $12.25M in Q4, up 171%.
- Pre-tax merger expenses were $1.40M in Q4 and $5.52M for full year 2025.
- Bargain purchase gain of $18.30M recognized from August 2025 Northumberland acquisition.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/779227/000143774926002739/0001437749-26-002739-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/779227/000143774926002739/miff20260129_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-26-002739

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