Company Website: https://www.VallantFinancial.com
ELBERTON, Ga. -- (Business Wire)

Vallant Financial, Inc. (OTCQX: VLNT) (“Vallant”), the holding company of Vallant Bank, today announced its results of operations for the quarter ended September 30, 2026.

Vallant Financial, Inc. Quarterly Highlights:

• Loan demand remains steady
• Annualized ROAA of 1.73%
• Completed 10:1 stock split
• EPS growth quarter over quarter

On July 1, 2026, Vallant completed a 10:1 forward stock split, and shares began trading on a split-adjusted basis on July 2, 2026. Narrative contained herein makes certain adjustments for comparison purposes on a split-adjusted basis.

Vallant reported total assets of $3.86 billion as of September 30, 2026. This marks the second quarter end for the combined company following the merger with Morris State Bancshares, Inc. Loans totaled $2.97 billion net of a $38.9 million reserve, an approximate 1.0% growth over the prior quarter. Total deposits of $3.31 billion are primarily community-based, core deposits. Deposits are down slightly quarter over quarter but have stabilized from post-merger disruption. The company is well capitalized and supported by $466.2 million in total equity.

Net income for the three months ending September 30, 2026, totaled $16.7 million, or $0.67 per share, as compared to $15.8 million the prior quarter, or $0.64 per share, following adjustment to exclude merger-related expenses. Both references are fully diluted and on a split-adjusted basis. Net interest income for the quarter totaled $46.6 million, and other non-interest income totaled $11.6 million. In the prior quarter, net interest income totaled $41.3 million, and other non-interest income was $11.9 million. Driving the improved interest income is a healthy net interest margin of 4.79%. Vallant’s board of directors declared a dividend during the quarter of $0.16 per share. The Bank’s asset quality remains solid, ending the quarter with total adversely classified assets to Tier 1 capital plus allowance of 10.13%.

Below is selected financial data from the three months ended September 30, 2026.

Referencing the work involved in consolidating two independent community banks, Vallant Financial CEO Jackson McConnell stated, “We have naturally been focused internally on ensuring we are taking advantage of the core competencies of each legacy bank. Therefore, I am particularly pleased the results reflect the opportunity we envisioned.”

David Voyles, CEO of Vallant Bank, added, “Leadership has been focused on ensuring Vallant Bank is thoughtful about how we serve customers and reward our talented bankers. We continue to work on delivering superior products, service and pricing to our communities.”

Spence Mullis, President of Vallant Bank, commented, “The team has been engaged on serving customers and completing the conversion. With that work behind us, I’m excited we can now turn our attention to growth and new opportunities. I can’t thank the bankers enough for their hard work and dedication over the last several months.”

About Vallant Financial

Vallant Financial, Inc. is a $3.86 billion asset, single bank holding company headquartered in Elberton, Georgia, and with offices throughout Northeast, Middle, and Southeast Georgia. Its bank subsidiary, Vallant Bank, has 37 branches in 22 counties of Georgia. Vallant Bank is an independent community bank, offering a wide range of personal and business financial services. Vallant Financial, Inc.’s investor relations website can be accessed at vallantfinancial.com. To learn more about products and services of Vallant Bank, including specialized offerings for all customers, www.vallant.bank.

Forward-looking Statements

Certain statements contained in this release may not be based on historical facts and are forward-looking statements. These forward-looking statements may be identified by their reference to a future period or periods or by the use of forward-looking terminology such as “anticipate,” “believe,” “estimate,” “expect,” “may,” “might,” “will,” “would,” “could” or “intend.” We caution you not to place undue reliance on the forward-looking statements contained in this news release, in that actual results could differ materially from those indicated in such forward-looking statements as a result of a variety of factors, including, among others, the business and economic conditions; risks related to the integration of acquired businesses and any future acquisitions; changes in management personnel; interest rate risk; ability to execute on planned expansion and organic growth; credit risk and concentrations associated with Vallant’s loan portfolio; asset quality and loan charge-offs; inaccuracy of the assumptions and estimates management of Vallant makes in establishing reserves for probable loan losses and other estimates; lack of liquidity; impairment of investment securities, goodwill or other intangible assets; Vallant’s risk management strategies; increased competition; system failures or failures to prevent breaches of our network security; changes in federal tax law or policy; the impact of recent and future legislative and regulatory changes; and increases in capital requirements. We undertake no obligation to update these forward-looking statements to reflect events or circumstances that occur after the date of this news release.

View source version on businesswire.com: https://www.businesswire.com/news/home/20261020751150/en/

Contacts:

Vallant Financial, Inc.
Anna Grant Jones
706-213-3323

Source: Vallant Financial, Inc.