Core Viewpoint - Lake Shore Bancorp, Inc. reported significant financial growth in the second quarter of 2025, with net income increasing to $1.9 million, driven by higher net interest income and reduced non-interest expenses [1][5][3]. Financial Performance - The Company reported unaudited net income of $1.9 million, or $0.34 per diluted share, for Q2 2025, compared to $1.1 million, or $0.19 per diluted share, for Q2 2024 [1]. - For the first half of 2025, net income was $3.0 million, or $0.53 per diluted share, up from $2.1 million, or $0.36 per diluted share, in the first half of 2024 [1]. - The increase in net income for Q2 2025 was 72.0% compared to Q2 2024, and for the first half of 2025, it was 39.7% compared to the first half of 2024 [5]. Net Interest Income - Net interest income for Q2 2025 increased by $657,000, or 12.0%, to $6.1 million compared to Q1 2025, and increased by $916,000, or 17.6%, compared to Q2 2024 [4]. - The net interest margin for Q2 2025 was 3.84%, up from 3.49% in Q1 2025 and 3.14% in Q2 2024 [5][4]. Non-Interest Income - Non-interest income for Q2 2025 was $800,000, an increase of $76,000, or 10.5%, from Q1 2025, and an increase of $62,000, or 8.4%, from Q2 2024 [15]. - For the first half of 2025, non-interest income was $1.5 million, up $79,000, or 5.5%, from the first half of 2024 [16]. Non-Interest Expense - Non-interest expense for Q2 2025 was $4.6 million, a decrease of $253,000, or 5.2%, from Q1 2025, and a decrease of $272,000, or 5.6%, from Q2 2024 [17]. - For the first half of 2025, non-interest expense was $9.5 million, down $389,000, or 3.9%, from the first half of 2024 [18]. Balance Sheet Highlights - Total assets increased to $734.8 million as of June 30, 2025, a rise of $49.3 million, or 7.2%, from December 31, 2024 [24]. - Total deposits reached $627.5 million, an increase of $54.5 million, or 9.5%, compared to December 31, 2024 [24]. - Stockholders' equity increased to $92.9 million, up $3.0 million, or 3.4%, from December 31, 2024 [25]. Credit Quality - Non-performing assets as a percentage of total assets decreased to 0.24% as of June 30, 2025, down from 0.55% at December 31, 2024 [22]. - The allowance for credit losses on loans was $5.2 million as of June 30, 2025, compared to $5.1 million at December 31, 2024 [22].

Core Insights - Hanover Bancorp, Inc. reported a net income of $2.4 million or $0.33 per diluted share for the quarter ended June 30, 2025, a significant increase from $0.8 million or $0.11 per diluted share in the same quarter of 2024 [3][5][39] - The company declared a cash dividend of $0.10 per share on both common and Series A preferred shares, payable on August 13, 2025 [2][4] Financial Performance - Pre-provision net revenue for the quarter was $5.7 million, marking the highest level since Q1 2023 [4][10] - Net interest income increased to $14.8 million, up $1.5 million or 11.69% from the same quarter in 2024, driven by an improved net interest margin of 2.76% [4][6][31] - Demand deposits grew by $28.1 million or 13.03% from the previous quarter, indicating strong performance in C&I and Municipal banking verticals [4][10] Asset Quality and Loan Portfolio - Non-performing loans decreased to $12.7 million, representing 0.64% of the total loan portfolio, down from 0.82% at the end of 2024 [29][30] - The company actively managed its loan diversification strategy, reducing the commercial real estate concentration ratio to 368% of capital [4][16] - The residential loan portfolio amounted to $738.8 million, with a weighted average loan-to-value ratio of 57% [16] Strategic Developments - The company opened its tenth branch in Port Jefferson, New York, as part of its strategic expansion into underserved markets [4][10] - Hanover Bancorp was added to the Russell 2000 Index in late June 2025, enhancing its visibility among institutional investors [4][11] Balance Sheet Highlights - Total assets were reported at $2.31 billion, with total deposits at $1.95 billion as of June 30, 2025 [11][12] - The company maintained a strong liquidity position with undrawn liquidity sources totaling $686.5 million, approximately 274% of uninsured deposit balances [4][11] Non-Interest Expenses - Non-interest expenses increased, particularly in compensation and benefits, due to staffing for the new branch and expansion of the C&I banking teams [5][8] - The effective tax rate for the quarter was 27.8%, slightly up from 27.2% in the comparable quarter of 2024 [5][8]

PRINCETON, N.J., July 23, 2025 /PRNewswire/ -- Princeton Bancorp, Inc. (the "Company") (NASDAQ: BPRN), the bank holding company for The Bank of Princeton (the "Bank") announced that its Board of Directors, at a meeting held on July 23, 2025, declared a cash dividend of $0.30 per share of the common stock of the Company. This dividend will be paid on August 29, 2025, to shareholders of record at the close of business on August 6, 2025. "This dividend reflects the Board of Director's continuing commitment in ...

Core Viewpoint - East West Bancorp, Inc. (EWBC) reported strong second-quarter 2025 results with adjusted earnings per share (EPS) of $2.28, exceeding the Zacks Consensus Estimate of $2.23, and reflecting a 9.1% increase year-over-year [1][9] Financial Performance - Quarterly net revenues reached $703.3 million, marking a 10.3% year-over-year increase and surpassing the Zacks Consensus Estimate of $699 million [3][9] - Net interest income (NII) was $617.1 million, up 11.5% year-over-year, with net interest margin (NIM) expanding by 8 basis points to 3.35% [3][9] - Total non-interest income increased to $86.2 million, a rise of 2.4%, driven by growth in most components except for customer derivative income and lower gains on available-for-sale debt securities [4][9] - Non-interest expenses totaled $256 million, up 8.5% from the prior-year quarter, influenced by increases across most components [5][9] Asset and Deposit Growth - As of June 30, 2025, net loans held for investment (HFI) were $54.2 billion, reflecting a 1.3% sequential increase, while total deposits rose 3.1% to $65 billion [6][9] Credit Quality - Annualized quarterly net charge-offs were 0.11% of average loans HFI, down 7 basis points year-over-year, and non-performing assets decreased to $171.7 million, down 12.5% year-over-year [7][9] - The provision for credit losses was $45 million, up 21.6% from the prior-year quarter [7][9] Capital Ratios - As of June 30, 2025, the common equity Tier 1 capital ratio improved to 14.51 from 13.74 a year ago, and the total risk-based capital ratio increased to 15.82 from 15.05 [8][9] Share Repurchase - In the reported quarter, the company repurchased approximately 26 thousand shares for $2 million, with $241 million of authorization remaining available for repurchase as of June 30, 2025 [11]

Core Viewpoint - First Northwest Bancorp has appointed Diane C. Davis to its Board of Directors, enhancing its governance and strategic capabilities as it aims for sustainable growth and community service [1][6]. Company Overview - First Northwest Bancorp (NASDAQ: FNWB) is a financial holding company that operates First Fed Bank, which has been serving the Pacific Northwest since 1923 [7]. - First Fed Bank currently has 18 locations in Washington State, including 12 full-service branches, and focuses on delivering a wide range of financial products and services [7]. - The company emphasizes building sustainable earnings and has made strategic investments, including a 2022 investment in The Meriwether Group, LLC [7]. Appointment of Diane C. Davis - Diane C. Davis brings over 25 years of leadership experience in the insurance industry, with a strong background in executive management, strategy, risk management, and corporate governance [2][4]. - Her previous roles include Chief Risk Officer and President at Farmers New World Life Insurance Company, and Regional Chief Risk Officer at Zurich Insurance Company Ltd. [4]. - Davis holds a Bachelor of Science in Actuarial Science and an MBA, and is a Fellow of the Society of Actuaries [5]. Strategic Importance - The appointment of Davis is seen as a significant asset for First Fed Bank, aligning with its long-term goals of risk oversight and governance [3][6]. - The company aims to strengthen its governance and ensure long-term financial security for its customers and communities through this appointment [6]. Recognition and Awards - First Fed Bank has been recognized as a Best Workplace and top Corporate Philanthropist by Puget Sound Business Journal in 2023 and 2024 [8]. - The bank also received awards for Best Bank and Best Lender in Clallam County in 2024 [8].

Core Viewpoint - FS Bancorp, Inc. reported a decline in net income for the second quarter of 2025, reflecting challenges in the banking sector while maintaining a commitment to shareholder value through dividends and share repurchase activities [1][3]. Financial Performance - The company reported a net income of $7.7 million, or $0.99 per diluted share, for Q2 2025, down from $9.0 million, or $1.13 per diluted share, in Q2 2024 [1]. - For the first half of 2025, net income was $15.7 million, or $1.99 per diluted share, compared to $17.4 million, or $2.20 per diluted share, in the same period of 2024 [1]. Balance Sheet and Asset Growth - Total assets increased by $109.9 million, or 4%, to $3.176 billion as of June 30, 2025, compared to $3.066 billion at March 31, 2025, and $2.941 billion at June 30, 2024 [12]. - Loans receivable, net increased by $81.2 million, or 3.2%, to $2.58 billion at June 30, 2025, compared to $2.50 billion at March 31, 2025, and $2.46 billion at June 30, 2024 [7]. Segment Reporting - The Commercial and Consumer Banking segment generated a net income of $7.4 million, while the Home Lending segment contributed $351,000 for Q2 2025 [7]. - Net interest income for the Commercial and Consumer Banking segment was $29.2 million, and for Home Lending, it was $2.9 million for Q2 2025 [6]. Dividends and Share Repurchase - The Board of Directors approved a cash dividend of $0.28 per common share and a special dividend of $0.22 per common share, marking the 50th consecutive quarterly cash dividend [3]. - The company repurchased 132,282 shares at an average price of $38.92 per share during Q2 2025, with a remaining authorization of $725,000 for future purchases [7]. Deposits and Borrowings - Total deposits decreased by $61.8 million, or 2.4%, to $2.55 billion at June 30, 2025, primarily due to a decrease in brokered deposits [7]. - Borrowings increased significantly by $165.5 million, or 240.5%, to $234.3 million at June 30, 2025, compared to $68.8 million at March 31, 2025 [7]. Loan Composition - The total loan portfolio reached $2.614 billion, with commercial and industrial loans accounting for $312.5 million, and residential real estate loans totaling $779.5 million as of June 30, 2025 [14][15]. - Consumer loans decreased by $2.6 million, or 0.4%, to $606.3 million at June 30, 2025, compared to the previous quarter [7].

Core Insights - Old National Bancorp (ONB) reported second quarter 2025 earnings with adjusted EPS of $0.53, reflecting an 18% increase over the prior quarter and a 15% year-over-year growth [1] - The company successfully closed the Bremer Bank partnership ahead of schedule, contributing positively to its financial metrics [1][8] Financial Performance - Tangible book value per share increased by 14% year-over-year, and the Common Equity Tier 1 (CET1) ratio finished at 10.74%, which is 50 basis points above expectations [1][3] - Period-end loans rose by $11.5 billion, with a 3.7% annualized organic loan growth excluding Bremer, while core deposits (excluding brokered) increased just under 1% annualized [3] Capital Management - The unexpected strong capital generation allowed ONB to retain all commercial real estate (CRE) loans initially planned for sale, enhancing its risk absorption capacity [4] - The company maintains a disciplined credit risk oversight, with second quarter net charge-offs totaling 24 basis points, and the allowance for credit losses improved by 8 basis points to 1.24% [5] Credit Risk Oversight - Non-accrual loans as a percentage of total loans decreased by five basis points quarter-over-quarter, indicating effective risk mitigation despite the integration of Bremer's loan book [5] - Approximately 60% of non-accruals are from acquired books with appropriate reserves, supporting best-in-class charge-off ratios [6] Future Guidance - ONB expects full-year 2025 loan growth (excluding Bremer) to be toward the lower end of the 4%-6% range, influenced by intensified CRE competition [7] - The company has increased its net interest income and fee income guidance for the full year, anticipating improvements in accumulated other comprehensive income (AOCI) by year-end [9] Strategic Outlook - The earlier-than-expected closing of the Bremer partnership has added to ONB's 2025 earnings momentum, with financial metrics tracking to exceed initial expectations [8] - No formal share repurchase has been announced, but excess capital could lead to buybacks once the Bremer systems conversion is finalized in mid-October [10]

Core Insights - U.S. Bancorp reported better-than-expected earnings for its second fiscal quarter driven by strong loan performance, reduced credit provisions, and high interest rates boosting net interest income [1] Financial Performance - The bank's earnings exceeded analyst expectations due to robust loan performance [1] - Falling credit provisions contributed positively to the earnings report [1] - High interest rates have supported an increase in net interest income for the bank [1]

Core Insights - Cornerstone Bancorp, Inc. reported a consolidated net income of $2.8 million for the second quarter of 2025, reflecting a 38.3% increase from $2.0 million in the same quarter of 2024, with earnings per diluted share rising to $2.81 from $2.05 [8][9] - The net interest margin improved to 3.65% in 2Q25, up from 3.27% in 2Q24, indicating enhanced profitability from interest-earning assets [8][9] - Total consolidated assets increased by 1.4% to $1.0 billion as of June 30, 2025, compared to $986.0 million a year earlier [8][9] Income Statement Highlights - Net interest income rose by 12.2% to $8.883 million in 2Q25 from $7.918 million in 2Q24 [9] - Noninterest income increased by 10.9% to $1.425 million in 2Q25 compared to $1.285 million in 2Q24 [9] - Noninterest expense was $6.5 million in 2Q25, slightly up from $6.4 million in 2Q24 [8][9] Balance Sheet Highlights - The loan portfolio grew by 7.2% to $686.1 million as of June 30, 2025, compared to $640.2 million a year earlier [8][9] - Total deposits increased by 0.7% to $891.6 million from $885.6 million a year earlier [8][9] - Tangible shareholders' equity improved by 14.0% to $84.5 million compared to $74.1 million a year earlier [8][9] Trust and Wealth Management - Trust and wealth management assets reached $1.06 billion on June 30, 2025, up from $975.9 million a year earlier, marking an 8.8% increase [3][9] Company Overview - Cornerstone Bancorp, Inc. was founded in 2000 and focuses on serving the commercial banking and investment needs of families and family-owned businesses, emphasizing relationship-based banking [4][5] - The company is headquartered in Palatine, Illinois, and operates multiple offices in the Chicago area [6]

Core Viewpoint - Mountain Commerce Bancorp, Inc. reported financial results for the second quarter and first half of 2025, highlighting increased earnings, improved net interest margins, and a commitment to managing risk and growth effectively [1][5][7]. Financial Performance - Net income for the three months ended June 30, 2025, was $2.806 million, up from $2.324 million in the same period of 2024, representing a 20.6% increase [9]. - Diluted earnings per share increased to $0.45 from $0.37 year-over-year [9]. - Adjusted return on average assets (ROAA) rose to 0.68% from 0.45%, and return on average equity (ROAE) increased to 8.84% from 6.34% [9][13]. Net Interest Income - Net interest income for the second quarter of 2025 increased by $1.8 million, or 23.0%, to $9.6 million compared to $7.8 million in the same quarter of 2024 [16]. - The net interest margin improved to 2.40% from 2.00% year-over-year, driven by rising loan portfolio yields and improved funding costs [5][9]. Asset Quality - Non-performing loans increased to $7.638 million, representing 0.52% of total loans, up from 0.09% at the end of 2024 [14][38]. - The allowance for credit losses to total loans remained stable at 0.79%, with coverage of non-performing loans exceeding 1.5 to 1 [40]. Dividends and Shareholder Returns - The Board of Directors declared a quarterly cash dividend of $0.07 per common share, marking the nineteenth consecutive quarterly dividend [2]. - Total equity increased by $5.9 million, or 4.5%, to $138.3 million as of June 30, 2025 [36]. Debt and Credit Facilities - A new senior revolving line of credit was established with a maximum amount of $25 million, replacing a previous line with a balance of $10 million [3][4]. - The Company intends to use the line of credit to support Bank operations and general corporate purposes [4]. Noninterest Income and Expenses - Noninterest income rose to $0.938 million in the second quarter of 2025, up from $0.672 million in the same quarter of 2024, primarily due to increased swap fees [21]. - Noninterest expenses increased by $0.898 million, or 14.9%, to $6.915 million, driven by higher compensation and employee benefits [24]. Balance Sheet Highlights - Total assets increased by $60 million, or 3.4%, to $1.806 billion as of June 30, 2025 [26]. - Total deposits rose by $58.1 million, or 3.8%, to $1.585 billion [34]. Market Position and Strategy - The Company is managing its loan growth intentionally to improve its risk profile while maintaining a regulatory commercial real estate concentration of 335% of total risk-based capital [31]. - The Company remains committed to paying down senior debt, which declined by $2 million in the second quarter of 2025 [6].