LINKBANCORP(US:LNKB) Prnewswire·2025-10-27 20:10Core Financial Performance - LINKBANCORP, Inc. reported net income of $7.8 million, or $0.21 per diluted share, for Q3 2025, an increase from $7.4 million, or $0.20 per diluted share, in Q2 2025 [1][14] - Net interest income before provision for credit losses was $26.4 million in Q3 2025, up from $24.9 million in Q2 2025 [4][14] - Noninterest income slightly decreased to $2.8 million in Q3 2025 from $2.9 million in Q2 2025, but increased year-over-year from $2.7 million in Q3 2024 [5][14] Balance Sheet Highlights - Total assets reached $3.12 billion as of September 30, 2025, compared to $2.89 billion at June 30, 2025 [9][25] - Total deposits increased to $2.67 billion, representing a quarterly increase of $211.7 million or 34.19% annualized [10][14] - Total loans amounted to $2.46 billion, reflecting a quarterly increase of $100.4 million or 16.90% annualized [10][14] Capital and Equity - Shareholders' equity rose to $305.5 million at September 30, 2025, primarily due to a $5.1 million increase in retained earnings [12][25] - Book value per share increased to $8.16, and tangible book value per share rose to $6.15, marking a year-over-year growth of 16.92% [12][14] Asset Quality and Credit Losses - The company recorded a provision for credit losses of $1.0 million in Q3 2025, up from $344 thousand in Q2 2025, primarily due to commercial loan growth [15][18] - Non-performing assets slightly increased to $24.6 million, representing 0.79% of total assets, compared to $21.9 million or 0.76% of total assets in Q2 2025 [16][25] - The allowance for credit losses for loans was $25.3 million, or 1.03% of total loans held for investment [17][25] Efficiency and Expense Management - Noninterest expense for Q3 2025 was $18.2 million, a slight increase from $18.1 million in Q2 2025, with an efficiency ratio of 62.25% [6][14] - The company maintained disciplined expense management, with a decrease in the efficiency ratio from 64.79% in Q2 2025 [14][24]