Recent Updates — CSBB
Paula J. Meiler, Senior Vice President and Chief Financial Officer of CSB Bancorp Inc., has informed the Board of Directors of her intention to retire effective April 30, 2027. She will continue in her role through that date to ensure a seamless transition. The Board has initiated a search for her successor, considering both internal and external candidates. The departure is not due to any disagreement with the company regarding operations or financial reporting. CSB Bancorp operates as a bank holding company providing financial services.
On October 28, 2026, CSB Bancorp renewed its previously adopted Rule 10b5-1 trading plan for the purchase of common stock. The plan is extended until October 31, 2027 and allows for the repurchase of up to 7,500 shares per quarter through a selected broker. This filing does not represent a material change in capital allocation or significant share reduction activity.
The Board of Directors has authorized a new share repurchase program allowing the company to buy back up to 131,350 shares, or approximately 5% of its outstanding common stock. Repurchases may be executed periodically via open market transactions, block trades, Rule 10b5-1 plans, or privately negotiated deals, depending on market conditions and other factors. The exact number of shares is not guaranteed and the program can be suspended at any time without notice. This new authorization terminates the previous share repurchase program adopted in February 2021. CSB Bancorp operates as a bank holding company providing financial services.
CSB Bancorp, Inc. reported third-quarter 2026 net income of $4,987,000, or $1.90 per basic and diluted share, a 20% increase from the prior-year period's $4,151,000. The financial holding company achieved an annualized return on average common equity of 14.67% and a net interest margin of 3.99%. Year-to-date earnings reached $14,166,000, up 23%, driven by strong net interest income growth and balance sheet expansion. The company also declared a quarterly dividend of $0.45 per share.
CSB Bancorp, Inc. reported second quarter 2026 net income of $4,735,000, or $1.80 per diluted share, increasing from $3,727,000, or $1.41 per diluted share, in the prior year period. Annualized return on average common equity rose to 14.48% from 12.48% in Q2 2025. Net interest income grew 15% to $11.9 million, while noninterest income increased 10% to $1.95 million. Nonperforming loans increased to $7.3 million, or 0.84% of total loans, compared to $1.4 million, or 0.17%, in the second quarter of 2025, primarily due to a single business relationship. The company declared a second quarter dividend of $0.43 per share. CSB Bancorp, Inc. is a financial holding company that provides banking and financial services.