InsCorp, Inc. Reports EPS Growth of 23% Y/Y in 3Q25

Core Insights - InsCorp, Inc. reported a third-quarter 2025 EPS of $0.79, up from $0.73 in the previous quarter and $0.64 in the same quarter last year, indicating strong financial performance and growth momentum [1][14]. Financial Performance - Revenue increased by 18% year-over-year to $7.9 million in 3Q25, while noninterest expenses rose by 24% year-over-year to $5.1 million, primarily due to hiring activities [3]. - Net interest income grew by 25% year-over-year to $7.4 million, reflecting a net interest margin of 3.20% and average earning asset growth of 15% year-over-year to $926 million [4]. - Loan growth was 15% year-over-year, with notable increases in various categories such as residential loans (41% year-over-year) and home equity lines of credit (55% year-over-year) [5]. - Deposit growth was 16% year-over-year, driven by a 31% increase in interest-bearing transaction balances [6]. Market Expansion - INSBANK entered the Murfreesboro market with a team of four veteran bankers, resulting in approximately $14.5 million in deposits and $11.7 million in loans within 45 days of onboarding [2]. - The Murfreesboro market is experiencing significant growth, with a population increase of 13.4% over the past five years and a projected growth of 7.6% from 2026 to 2031 [2]. Asset Quality and Capital - Asset quality remains strong, with net charge-offs at 0.00% of average loans and nonperforming loans at 0.75% of total loans [7]. - INSBANK maintains a solid capital position, with a tier-1 leverage ratio of 11.08% and a common equity tier-1 capital ratio of 12.05% [8]. Dividends and Share Repurchase - The Board of Directors approved a quarterly dividend of $0.11 per common share, representing a 10% increase from the previous year [9].