Letter from the CEO

Dear Shareholders,

We have reached the midpoint of our three-year Business Plan 7, and I am pleased to share that we remain on track to meet the earnings targets outlined in the Plan. Our 2026 target includes consolidated net income of $13 million, and through June, year-to-date consolidated net income was $6.7 million, more than $300 thousand ahead of budget and on pace to meet or exceed this year’s target. You may recall that we earned $11 million in 2025, exceeding last year’s target by $1 million.  

In our Banking Division, loan balances ended June at a new all-time high of $907 million, $18 million ahead of budget. Client deposit growth has also been strong, with total client deposits of $760 million on June 30, $76 million above budget. In our Trust and Family Office Division, monthly revenue recently exceeded $1.3 million for the first time, and assets under management are quickly approaching the $4 billion mark. 

I am also pleased to share that in June we paid the largest dividend in our history, $1.55 per share, and recently completed our mid-year offer to purchase program, through which we purchased 30,332 shares of Parkside Financial, Inc. stock from shareholders seeking liquidity. 

As we look ahead to the second half of 2026, please mark your calendars for this year’s Art Fair Party which will be held on the evening of Friday, September 18th in our first-floor offices. Please watch for a formal invitation in the coming weeks. 

While many new challenges are sure to await us as we navigate the second half of 2026, I remain encouraged by the momentum we have built and the strength of the talented team we have assembled at Parkside.   

 

Thank you, as always, for your continued support and confidence in Parkside.

Sincerely,
James C. Wagner
Chief Executive Officer
Parkside Financial Bank & Trust