PRINCETON, N.J., April 24, 2025 /PRNewswire/ -- Princeton Bancorp, Inc. (the "Company") (NASDAQ - BPRN), the bank holding company for The Bank of Princeton (the "Bank"), today reported its unaudited financial condition and results of operations for the quarter ended March 31, 2025.President/CEO Edward Dietzler commented on the quarter results, "The Company completed the first quarter of 2025 with a strong financial performance in this challenging interest rate environment. The Company exhibited strong loan ...

INDIANA, Pa., April 24, 2025 /PRNewswire/ -- S&T Bancorp, Inc. (S&T) (NASDAQ: STBA), the holding company for S&T Bank, announced net income of $33.4 million, or $0.87 per diluted share, for the first quarter of 2025 compared to net income of $33.1 million, or $0.86 per diluted share, for the fourth quarter of 2024 and net income of $31.2 million, or $0.81 per diluted share, for the first quarter of 2024.First Quarter of 2025 Highlights: Strong return metrics with return on average assets (ROA) of 1.41%, ret ...

PORT ANGELES, Wash., April 24, 2025 (GLOBE NEWSWIRE) -- First Northwest Bancorp (Nasdaq: FNWB) ("First Northwest" or the "Company") today reported net income of $1.5 million for the first quarter of 2025, compared to a net loss of $2.8 million for the fourth quarter of 2024 and net income of $396,000 for the first quarter of 2024. Basic and diluted income per share were $0.17 for the first quarter of 2025, compared to basic and diluted loss per share of $0.32 for the fourth quarter of 2024 and basic and dil ...

Core Insights - Loan growth was muted at the beginning of 2025 due to market turbulence, leading to project delays by customers [1] - The company received the 'Best Community Banks to Work For' Award at the ICBA's Live Conference in March 2025 [1] Loan Portfolio - Total loans amounted to $166.1 million as of March 31, 2025, a decrease of $1.0 million, or less than 1%, from December 31, 2024 [1][2] - Real estate loans totaled $138.7 million, with one- to four-family residential loans increasing by $928, or 1%, while commercial real estate loans remained stable [2] - Other loans decreased by $979, or 3%, primarily due to a decline in commercial and industrial loans [2] Credit Quality - Non-performing assets (NPAs) were $1.7 million, down $103,000, or 6%, from $1.8 million at the end of 2024, with NPAs to total assets ratio at 0.63% [5] - Non-performing loans (NPLs) comprised 0.99% of total loans, with 98% of NPLs being one- to four-family residential mortgage loans [5] Deposits - Total deposits were $180.6 million, down $5.1 million, or 3%, from December 31, 2024, with fluctuations mainly due to public funds [7][8] - Non-interest-bearing demand deposits decreased by 8%, while savings deposits increased by 13% [8] Capital and Share Repurchases - Consolidated shareholders' equity was $80.6 million, or 29.7% of total assets, as of March 31, 2025 [10] - The company repurchased 72,949 shares at an average cost of $11.86 during the first quarter of 2025, totaling 1,084,799 shares repurchased since January 2023 [11] Net Interest Income - The net interest margin for the first quarter of 2025 was 3.89%, down three basis points from the previous quarter [12] - Net interest income was $2.4 million, a decrease of $107,000, or 4%, compared to the fourth quarter of 2024 [13] Non-Interest Income and Expenses - Non-interest income totaled $553,000, up $216,000, or 64%, compared to the previous quarter, including insurance proceeds for foreclosed properties [18] - Non-interest expense was $2.2 million, an increase of $160,000, or 8%, primarily due to foreclosed assets expense [19][20] Financial Performance - Net income for the first quarter of 2025 was $586,000, compared to $626,000 in the previous quarter [27] - The efficiency ratio was 75.31%, indicating the company's operational efficiency [28]

Core Viewpoint - Parke Bancorp, Inc. (NASDAQ: PKBK) has shown resilience in its stock performance, quickly recovering from losses associated with the announcement of "reciprocal" tariffs earlier this month, with a minimal decline of only 0.6% from the market close on April 2 [1] Group 1 - The stock of Parke Bancorp, Inc. has reversed most of its losses following the tariff announcement [1] - As of the latest market close, the stock was down just 0.6% compared to its previous close [1]

Core Viewpoint - First Bancorp reported strong financial performance for the first quarter of 2025, with significant increases in net income and earnings per share compared to previous quarters, driven by enhanced net interest income and effective expense management [1][5][19]. Financial Performance - Net income for Q1 2025 was $36.4 million, or $0.88 diluted earnings per share (D-EPS), compared to $3.6 million ($0.08 D-EPS) in Q4 2024 and $25.3 million ($0.61 D-EPS) in Q1 2024 [1]. - Adjusted net income increased to $34.9 million in Q1 2025 from $31.7 million in Q4 2024 and $25.3 million in Q1 2024 [6][19]. Net Interest Income and Margin - Net interest income reached $92.9 million in Q1 2025, up 4.5% from $88.8 million in Q4 2024 and 17.2% from $79.3 million in Q1 2024 [2][8]. - The tax-equivalent net interest margin (NIM-T/E) expanded to 3.27% in Q1 2025 from 3.08% in Q4 2024 and 2.80% in Q1 2024 [2][6]. Expense Management - Noninterest expenses decreased to $57.9 million in Q1 2025 from $58.3 million in Q4 2024 and $59.2 million in Q1 2024, reflecting effective cost control measures [3][20]. - The reduction in expenses was driven by decreases in bankcard and personnel expenses [20][21]. Credit Quality - The nonperforming assets (NPA) to total assets ratio was 0.27% as of March 31, 2025, down from 0.30% in both Q4 2024 and Q1 2024, indicating strong asset quality [17][18]. - Net charge-offs for Q1 2025 were $3.3 million, representing an annualized 0.17% of average loans [7][17]. Loan and Deposit Growth - Total loans amounted to $8.1 billion at March 31, 2025, reflecting a growth of $8.4 million (0.42%) from Q4 2024 and $26.5 million (0.33%) from Q1 2024 [14][25]. - Total deposits increased to $10.7 billion, up $214.1 million (8.2%) from Q4 2024 and $441.3 million (4.3%) from Q1 2024 [28]. Capital and Liquidity - The estimated total risk-based capital ratio was 16.79% as of March 31, 2025, an increase from 16.63% in Q4 2024 and 15.85% in Q1 2024, indicating strong capital position [30][32]. - The on-balance sheet liquidity ratio was 19.8% at March 31, 2025, with total liquidity ratio reaching 36.4% [34][33].

Completion of Merger Expected to Take Place in Late July 2025 COLUMBUS, Ohio, April 23, 2025 /PRNewswire/ -- Northwest Bancshares, Inc. ("Northwest")  (Nasdaq: NWBI) today announced that it has received all regulatory and shareholder approvals required to complete the previously announced merger of Penns Woods Bancorp, Inc. ("Penns Woods") (Nasdaq: PWOD) with and into Northwest and the merger of Penns Woods' wholly-owned subsidiary banks, Jersey Shore State Bank and Luzerne Bank each with and into Northwest ...

NEW YORK, April 23, 2025 (GLOBE NEWSWIRE) -- Leading securities law firm Bleichmar Fonti & Auld LLP announces that a lawsuit has been filed against The Bancorp, Inc. (NASDAQ: TBBK) and certain of the Company’s senior executives for potential violations of the federal securities laws. If you invested in Bancorp, you are encouraged to obtain additional information by visiting https://www.bfalaw.com/cases-investigations/the-bancorp-inc. Investors have until May 16, 2025, to ask the Court to be appointed to lea ...

Shares of East West Bancorp, Inc. (EWBC) rose 3.5% in the after-market trading session on better-than-expected quarterly results. Its first-quarter 2025 adjusted earnings per share (EPS) of $2.09 beat the Zacks Consensus Estimate of $2.05. Moreover, the bottom line increased marginally from the prior-year quarter’s level.The results were primarily aided by an increase in net interest income (NII) and non-interest income. Also, loan balances increased sequentially in the quarter. However, higher provisions a ...

NEEDHAM, Mass., April 22, 2025 /PRNewswire/ -- NB Bancorp, Inc. (the "Company") (Nasdaq Capital Market: NBBK), the holding company of Needham Bank (the "Bank"), today announced its first quarter 2025 financial results. The Company reported net income of $12.7 million, or $0.33 per diluted common share, compared to net income of $15.6 million, or $0.40 per diluted common share, for the prior quarter. Operating net income, excluding one-time charges, amounted to $13.7 million, or $0.35 per diluted common shar ...