| Line Item | 2026-03-31 | Y/Y |
|---|---|---|
| Revenue | $27.7M | +12.0% |
| Interest Expense | $9.0M | +9.5% |
| Pre-tax Income | $5.0M | +10.3% |
| Income Tax | $991K | +14.0% |
| Net Income | $4.0M | +9.5% |
| EPS (Basic) | $1.06 | +10.4% |
| EPS (Diluted) | $1.05 | +9.4% |
| Line Item | 2026-03-31 | Y/Y |
|---|---|---|
| Cash & Equivalents | $29.9M | +4.3% |
| Total Assets | $558.6M | +9.8% |
| Total Liabilities | $469.7M | +10.4% |
| Stockholders' Equity | $89.0M | +6.8% |
| Line Item | 2026-03-31 | Y/Y |
|---|---|---|
| Operating Cash Flow | $6.7M | +49.9% |
| Capital Expenditures | $878K | -88.3% |
| Investing Cash Flow | -$49.0M | -75.5% |
| Financing Cash Flow | $43.5M | +7.1% |
| Free Cash Flow | $5.8M | +289.4% |
Business Overview
Central Plains Bancshares, Inc. is a holding company that completed its mutual-to-stock conversion and initial public offering in October 2023, owning 100% of Home Federal Savings and Loan Association (operating as Home Federal Bank). The company operates nine office locations across southcentral Nebraska, accepting deposits and investing primarily in one- to four-family residential mortgage loans and commercial real estate loans, with recent strategic expansion into higher-yielding commercial lending and agricultural loans to diversify its loan portfolio.
Segment Performance
The company operates as a single business segment. As of March 31, 2026, the loan portfolio totaled $448.4 million (up from $402.2 million at March 31, 2025), with composition shifts including: Real Estate-Construction increased from 3.75% to 6.39%; Commercial Non-Real Estate increased from 7.96% to 10.79%; Agricultural increased from 10.65% to 12.19%; while Real Estate-Residential decreased from 40.06% to 36.14%. Total assets were $558.6 million with deposits of $460.4 million and stockholders' equity of $89.0 million at March 31, 2026.
Forward Guidance
"We believe that we have developed products and services that will meet the financial needs of our current and future customer base, and we continually plan to enhance our products and services to meet the changing needs of customers." The company also states it is "committed to diversifying our loan mix and supporting the credit needs of businesses and agricultural producers within our market area." However, the company disclaims any obligation to update forward-looking statements: "Except as may be required by law, we disclaim any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise."
Key Risk Factors
The company faces significant risks including general economic conditions and potential recessions affecting loan delinquencies and deposit demand; fluctuations in real estate values and agricultural markets impacting collateral values; interest rate and inflation changes that could reduce net interest margins and increase loan defaults; strong competition from regional banks, credit unions, and fintech companies; regulatory changes affecting capital requirements and insurance premiums; and cybersecurity threats to operational and information systems.