Core Points - Customers Bancorp, Inc. has declared a quarterly cash dividend of $0.5726314 per share on its Series F Preferred Stock, payable on December 15, 2025, to shareholders of record on November 30, 2025 [1] - The company is redeeming all 3,400,000 shares of its Series F Preferred Stock, totaling $85.0 million, which had a declared dividend rate of 9.06% [2][3] - The redemption date coincides with the dividend payment date, and the cash redemption price will be $25 per share, excluding declared and unpaid dividends [3] - This redemption aligns with the company's strategy to enhance funding efficiency and capital structure, aiming to optimize capitalization and improve long-term profitability [4] - Following the redemption, no shares of the Series F Preferred Stock will remain outstanding, and dividends will cease to accrue on these securities [5] Company Overview - Customers Bancorp, Inc. is a top-performing banking company with over $24 billion in assets, ranking among the 80 largest bank holding companies in the U.S. [7] - The company offers a full suite of technology-enabled products and services, including commercial and consumer banking, and has received multiple accolades for its performance [11]

Core Insights - Mechanics Bancorp reported total assets of $22.7 billion for the third quarter of 2025 [1] - The company achieved a net income of $55.2 million for the same period [1] - The Common Equity Tier 1 (CET1) ratio stood at 13.42% [1] - The book value per share was reported at $12.54, while the tangible book value per share was $7.73 [1] Financial Performance - Total assets reached $22.7 billion, indicating a strong asset base [1] - Net income to common shareholders was $55.2 million, translating to earnings of $0.2 per share [1] - The CET1 ratio of 13.42% reflects a solid capital position [1] - Book value per share at $12.54 and tangible book value per share at $7.73 suggest healthy valuation metrics [1]

Financial Performance - The Bancorp reported net income of $54.9 million, or $1.18 per diluted share, for Q3 2025, a 7% increase in net income and a 13% increase in EPS compared to Q3 2024[3] - Return on assets and return on equity for Q3 2025 were 2.5% and 27%, respectively, compared to 2.5% and 26% for Q3 2024[3] - Net interest income increased to $94.2 million for Q3 2025, up from $93.7 million in Q3 2024[3] - The company lowered its 2025 EPS guidance from $5.25 to $5.10, citing lower projected balances for traditional lending and increased credit provisions[4] - The Bancorp is targeting a minimum $7 EPS run-rate by Q4 2026 and has initiated preliminary guidance for 2027 of $8.25 EPS[4] Loan and Deposit Growth - Loans, net of deferred fees and costs, were $6.67 billion at September 30, 2025, reflecting a 13% year-over-year increase[3] - Consumer fintech loans increased to $785.0 million at September 30, 2025, a 180% increase compared to $280.1 million at September 30, 2024[3] - Total deposits decreased to $7,330,797 thousand as of September 30, 2025, down 5.61% from $7,765,935 thousand on June 30, 2025[12] - Total deposits rose to $7,995,284,000 in 2025, compared to $6,743,448,000 in 2024, marking an increase of about 18.6%[16] - The total loan portfolio reached $6,672,637,000 as of September 30, 2025, up from $5,906,616,000 in the same period of 2024, representing a growth of approximately 12.9%[30] Capital and Asset Management - The company's Tier 1 capital ratios indicate strong capitalization, with Tier 1 capital to average assets at 8.74% and Tier 1 capital to risk-weighted assets at 12.99%[3] - Total assets as of September 30, 2025, were $8,599,424 thousand, a decrease of 2.71% from $8,839,231 thousand on June 30, 2025[12] - Shareholders' equity decreased to $778,162 thousand as of September 30, 2025, down from $860,266 thousand on June 30, 2025, a decline of 9.53%[12] - The average balance of interest-earning assets for the three months ended September 30, 2025, was $8,470,730 thousand, compared to $7,848,424 thousand for the same period in 2024, an increase of 7.91%[13] Credit Quality and Risk Management - The allowance for credit losses was $64,152 thousand as of September 30, 2025, compared to $59,393 thousand on June 30, 2025, indicating an increase of 12.83%[12] - Nonperforming loans to total loans ratio rose to 1.35% as of September 30, 2025, compared to 0.52% a year earlier[60] - Net charge-offs for the nine months ended September 30, 2025, were $117,715 thousand, significantly higher than $3,690 thousand for the same period in 2024[56] Shareholder Actions - The Bancorp repurchased 2,034,053 shares at an average cost of $73.74 per share during Q3 2025, reducing outstanding shares by 8% year-over-year[3] - The total number of shares outstanding as of September 30, 2025, was 44,528,879, a decrease from 46,262,932 shares on June 30, 2025[12] Interest Margin and Income - The net interest margin for the three months ended September 30, 2025, was 4.45%, down from 4.78% in the same period of 2024[13] - For the nine months ended September 30, 2025, net interest income was $283,432,000, an increase from $281,945,000 in the same period of 2024[16] - The net interest margin decreased to 4.32% in 2025 from 4.96% in 2024[20] Portfolio Composition - The Bancorp Bank, N.A. reported a $2.13 billion REBL portfolio with a weighted average origination date "as is" loan-to-value (LTV) ratio of 70%[34] - The total small business loans (SBL) principal amounted to $1.059 billion, with $648 million in SBL loans excluding the guaranteed portion and other loans[39] - The weighted average interest rate for commercial real estate bridge loans was 8.42%, with a total balance of $2.203 billion and a weighted average origination date LTV of 70%[49] - The REBL portfolio primarily consists of workforce housing, which is expected to have more stable collateral values compared to higher rent properties[34] Efficiency and Operational Metrics - The efficiency ratio for the three months ended September 30, 2025, was 42%, consistent with the previous quarter[62] - Total realized net gains from other real estate owned were $594 thousand for the nine months ended September 30, 2025[58]

Core Insights - Hanover Bancorp, Inc. reported a net income of $3.5 million or $0.47 per diluted share for the quarter ended September 30, 2025, which is consistent with the previous year but shows a slight decrease in earnings per share from $0.48 in Q3 2024 [3][5][44] - The company declared a cash dividend of $0.10 per share on both common and Series A preferred shares, payable on November 20, 2025 [2][5] Financial Performance - Net interest income increased to $15.2 million for Q3 2025, a rise of $2.1 million or 16.19% from Q3 2024, driven by an improved net interest margin of 2.74% compared to 2.37% in the prior year [5][7][35] - Pre-provision net revenue reached $6.0 million, marking the highest level since Q1 2023, with a return on average assets of 1.05% [5][11] - Non-interest income decreased, particularly in gains on the sale of loans held-for-sale, which impacted overall profitability [4][5] Balance Sheet Highlights - Total assets were $2.33 billion as of September 30, 2025, up from $2.31 billion at the end of 2024 [13] - Total deposits increased by $20.5 million or 1.05% from December 31, 2024, with demand deposits rising by $21.3 million or 10.08% [14] - The loan portfolio totaled $1.99 billion, reflecting a net increase of $22.2 million or 4.52% annualized from the previous quarter [18] Loan and Deposit Growth - The company continues to focus on diversifying its loan portfolio, with a reduction in the commercial real estate concentration ratio to 362% of capital as of September 30, 2025 [18] - The loan-to-deposit ratio improved to 101% at the end of Q3 2025, indicating a healthy balance between loans and deposits [14] - The company reported strong growth in its municipal deposit program, which provides a stable funding source for lending products [15] Cost Management - Non-interest expenses decreased by $0.6 million or 4.78% from the previous quarter, primarily due to lower incentive compensation and data processing costs [6] - The effective tax rate for Q3 2025 was 25.2%, up from 23.4% in Q3 2024, with expectations of a normalized rate of 25.0% for the remainder of the year [4][9] Market Position and Strategy - The company is expanding its market share through the development of high-tech branches in key markets, supported by local business development officers [11] - Management anticipates that further Federal Open Market Committee rate decreases will positively influence performance and lending opportunities [11]

Core Viewpoint - Chain Bridge Bancorp, Inc. (CBNA) has received a Zacks Rank 2 (Buy) upgrade, indicating a positive outlook based on rising earnings estimates, which significantly influence stock prices [1][3]. Earnings Estimates - The Zacks Consensus Estimate for Chain Bridge Bancorp, Inc. is projected at $3.13 per share for the fiscal year ending December 2025, showing no year-over-year change [8]. - Over the past three months, analysts have increased their earnings estimates for the company by 11.6% [8]. Zacks Rating System - The Zacks Rank system classifies stocks into five groups based on earnings estimates, with Zacks Rank 1 (Strong Buy) stocks historically generating an average annual return of +25% since 1988 [7]. - The upgrade to Zacks Rank 2 places Chain Bridge Bancorp, Inc. in the top 20% of Zacks-covered stocks, suggesting a strong potential for near-term price appreciation [10]. Market Dynamics - Changes in earnings estimates are strongly correlated with stock price movements, influenced by institutional investors who adjust their valuations based on these estimates [4][6]. - Rising earnings estimates and the corresponding rating upgrade reflect an improvement in the company's underlying business, which is expected to drive investor interest and stock price increases [5].

Core Viewpoint - First Bancorp has appointed G. Adam Currie as a member of the Boards of Directors for both First Bank and First Bancorp, reflecting the Board's confidence in his leadership and vision for the company's future [1][2]. Company Overview - First Bancorp is a bank holding company headquartered in Southern Pines, North Carolina, with total assets of $12.8 billion [3]. - The principal activity of First Bancorp is the ownership and operation of First Bank, which is a state-chartered community-focused bank operating 113 branches in North and South Carolina [3]. - First Bank has a legacy of service and commitment to communities since its establishment in 1935, providing tailored banking solutions and local expertise [3]. Leadership Background - G. Adam Currie has been with First Bank since 2015 and has held various leadership roles, including CEO since February 2025 [1]. - Prior to his role at First Bank, Currie held senior leadership positions at PNC Capital Markets and RBC Bank, and began his career at Bank of America [1]. - Currie holds a Bachelor of Arts in Economics from the University of North Carolina at Chapel Hill and is a graduate of the Graduate School of Banking at Louisiana State University [1].

Core Viewpoint - ServBanc Holdco, Inc. and IF Bancorp, Inc. have entered into a definitive agreement for ServBanc Holdco and Servbank to acquire IF Bancorp and Iroquois Federal, respectively [1] Group 1 - ServBanc Holdco is the holding company for Servbank, National Association [1] - IF Bancorp, Inc. is the holding company for Iroquois Federal Savings and Loan Association [1] - The acquisition aims to enhance the banking services offered by both entities [1]

WHITTIER, Calif., Oct. 30, 2025 (GLOBE NEWSWIRE) -- First Pacific Bancorp (the “Company”) (OTCID: FPBC), the holding company for First Pacific Bank (the “Bank”), today reported consolidated results for the third quarter ending September 30, 2025. The Company remains well-capitalized, with a healthy liquidity position supported by a stable core deposit base and access to substantial sources of liquidity. Highlights for the third quarter of 2025 include: Total assets ended the third quarter of 2025 at $486 mi ...

Core Insights - ConnectOne Bancorp reported a net income of $39.5 million for Q3 2025, a significant recovery from a loss of $21.8 million in Q2 2025 and an increase from $15.7 million in Q3 2024 [2] - The company completed its merger with The First of Long Island Corporation (FLIC) on June 1, 2025, which positively impacted its financial results [2][5] - The net interest margin expanded to 3.11% in Q3 2025, reflecting a 5 basis point increase from the previous quarter [5][7] Financial Performance - Operating net income available to common stockholders was $35.5 million in Q3 2025, up from $23.1 million in Q2 2025 and $16.1 million in Q3 2024 [3] - Diluted earnings per share (EPS) were $0.78 for Q3 2025, compared to $(0.52) in Q2 2025 and $0.41 in Q3 2024 [2] - The return on average assets was 1.16% for Q3 2025, up from 0.73% in Q2 2025 and 0.70% in Q3 2024 [2] Revenue and Expenses - Net interest income for Q3 2025 was $102.0 million, a 29.3% increase from Q2 2025 and a 67.2% increase from Q3 2024 [7][8] - Noninterest income reached $19.4 million in Q3 2025, significantly higher than $5.2 million in Q2 2025 and $4.7 million in Q3 2024 [9] - Noninterest expenses decreased to $58.7 million in Q3 2025 from $73.6 million in Q2 2025, primarily due to a reduction in merger expenses [10] Credit Quality - The provision for credit losses was $5.5 million in Q3 2025, down from $35.7 million in Q2 2025, which included a $27.4 million provision related to the FLIC merger [12] - Nonperforming assets were $39.7 million as of September 30, 2025, representing 0.28% of total assets, a decrease from 0.58% at the end of 2024 [13] Balance Sheet Highlights - Total assets increased to $14.0 billion as of September 30, 2025, compared to $9.9 billion at the end of 2024, largely due to the merger with FLIC [15] - Loans receivable were $11.3 billion as of September 30, 2025, up from $8.3 billion at the end of 2024 [15] - Total deposits reached $11.4 billion as of September 30, 2025, compared to $7.8 billion at the end of 2024 [15] Dividends - The Board of Directors declared a cash dividend of $0.18 per share on common stock, payable on December 1, 2025 [6]

DIXON, Calif.--(BUSINESS WIRE)--First Northern Community Bancorp (the "Company†, OTCQX: FNRN), holding company for First Northern Bank ("First Northern†or the "Bank†), today reported net income of $15.2 million, or $0.96 per diluted share, for the nine months ended September 30, 2025, up 6.8% compared to net income of $14.2 million, or $0.88 per diluted share, for the nine months ended September 30, 2024. Net income for the quarter ended September 30, 2025, was $6.0 million, or $0.38 per dilut. ...