LINKBANCORP(US:LNKB) Prnewswire·2025-07-28 20:30Core Financial Performance - LINKBANCORP, Inc. reported net income of $7.4 million, or $0.20 per diluted share, for Q2 2025, down from $15.3 million, or $0.41 per diluted share, in Q1 2025 [1][28] - Adjusted earnings remained stable at $7.4 million, or $0.201 per diluted share, for both Q1 and Q2 2025 [1][28] - Net interest income before provision for credit losses was $24.9 million in Q2 2025, compared to $25.8 million in Q1 2025 [5][28] Dividend Declaration - The Board of Directors declared a quarterly cash dividend of $0.075 per share, expected to be paid on September 15, 2025 [2] Income Statement Highlights - Noninterest income decreased to $2.9 million in Q2 2025 from $13.3 million in Q1 2025, primarily due to a $11.1 million pre-tax gain from a branch sale in Q1 2025 [6][28] - Noninterest expense for Q2 2025 was $18.1 million, down from $19.7 million in Q1 2025 [7][28] - Income tax expense was $2.1 million for Q2 2025, with an effective tax rate of 22.0% [8][28] Balance Sheet Overview - Total assets increased to $2.89 billion as of June 30, 2025, from $2.86 billion at March 31, 2025 [10][28] - Total deposits were $2.46 billion, up from $2.43 billion at March 31, 2025 [13][28] - Total loans increased to $2.36 billion, representing a quarterly increase of $82.7 million [11][28] Asset Quality - Non-performing assets declined by $4.2 million to $21.9 million, representing 0.76% of total assets [18][28] - The allowance for credit losses for loans was $24.7 million, or 1.05% of total loans held for investment [20][28] - Net charge-offs improved to $40 thousand in Q2 2025, down from $81 thousand in Q1 2025 [21][28] Capital Ratios - The Bank's Total Capital Ratio and Tier 1 Capital Ratio were 12.43% and 11.51%, respectively, as of June 30, 2025 [22][28] - Shareholders' equity increased to $298.0 million, with a book value per share of $7.96 [15][28]