Core Insights - TFS Financial Corporation reported record earnings of $91 million for the fiscal year ended September 30, 2025, attributed to a focus on improving net interest margin and an increase in first mortgage and home equity originations [1] Financial Performance - The company achieved record earnings of $91 million for the fiscal year [1] - The earnings growth was driven by a continued focus on enhancing the net interest margin [1] - There was an increase in first mortgage and home equity originations contributing to the financial performance [1]

Core Insights - Orange County Bancorp, Inc. reported a significant increase in net income for Q3 2025, reaching $10.0 million, a 211.5% increase from $3.2 million in Q3 2024, driven by higher net interest income and non-interest income, along with a reduced provision for credit losses [1][10][11] Financial Performance - Net income for the nine months ended September 30, 2025, was $29.2 million, compared to $20.7 million for the same period in 2024 [1][10] - Net interest income rose by $4.0 million, or 17.3%, to $27.0 million for Q3 2025, compared to $23.0 million in Q3 2024 [11][12] - Non-interest income increased by $2.6 million, or 62.6%, to $6.8 million for Q3 2025, compared to $4.2 million in Q3 2024 [16] Asset and Deposit Growth - Total loans increased by $119.9 million, or 6.6%, reaching $1.9 billion at September 30, 2025, compared to $1.8 billion at December 31, 2024 [22][24] - Total deposits rose by $125.5 million, or 5.8%, to $2.3 billion at September 30, 2025, from $2.2 billion at year-end 2024 [5][24] Capital and Book Value - Book value per share increased by $3.86, or 23.6%, from $16.35 at December 31, 2024, to $20.21 at September 30, 2025 [2][34] - Stockholders' equity increased by approximately $84.6 million during the first nine months of 2025, reaching $270.1 million at September 30, 2025 [26] Efficiency and Cost Management - Non-interest expense for Q3 2025 was $16.8 million, reflecting a 5.6% increase from $16.0 million in Q3 2024, with an improved efficiency ratio of 49.9% [17][42] - The cost of deposits decreased to 1.13%, down 17 basis points from the previous quarter [5][6] Wealth Management Division - The Wealth Management division's trust and investment advisory income increased by $416 thousand, or 13.3%, to $3.5 million for Q3 2025 compared to $3.1 million for Q3 2024 [7][28]

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Financial Data and Key Metrics Changes - The company reported a quarterly net loss of $1.9 million, an improvement from a $2 million loss in the prior quarter [2][6] - Pre-provision net loss was $1.3 million, also showing improvement compared to the previous quarter [2] - Net interest income increased by $551,000 to $12.2 million, driven by an 11.8% annualized increase in interest income [6][4] - Tangible book value per share increased to $15.14 [4] - Non-performing loans rose to $11.4 million, or 66 basis points of total loans, up from $6.3 million, or 38 basis points in the prior quarter [9] Business Line Data and Key Metrics Changes - Loan growth totaled $41.9 million, with commercial real estate and consumer loan portfolios driving this increase [3][9] - The commercial loan portfolio grew by $7.2 million, with strong origination activity of $81.3 million [3] - Consumer loan portfolio increased by $38 million, supported by purchases of unsecured consumer loans [3] - Core deposits grew by over 10% year-to-date, while commercial deposits increased by over 17% [3] Market Data and Key Metrics Changes - The net interest margin expanded by six basis points to 2.34%, supported by a nine basis point increase in asset yields [4][6] - The cost of average interest-bearing liabilities declined to 2.72% [6] Company Strategy and Development Direction - The company is focused on growing core deposits, diversifying the loan portfolio, and expanding the net interest margin [2] - A relationship-driven approach has been emphasized to enhance loan growth and deposit acquisition [3][21] - The company plans to de-emphasize CDs in favor of money market products to manage funding costs [12][13] Management's Comments on Operating Environment and Future Outlook - Management expects downward rate movements to benefit funding costs and net interest margin over time [5] - The company anticipates a relatively flat margin in Q4, with a significant pickup expected in 2026 due to repricing activities [17][18] - Credit quality remains sound, with minimal charge-offs and a disciplined approach to risk management [8][9] Other Important Information - The company repurchased over 837,000 shares at a weighted average price of $9.09 per share, with a total of 8.65 million shares repurchased since the program's inception [4] - Liquidity and capital remain strong, with $423 million in borrowing capacity and $178 million in unencumbered securities [4] Q&A Session Summary Question: Margin outlook and response to rate cuts - Management discussed strategies to manage funding costs and expectations for matching Fed rate cuts [12][13] Question: Loan growth outlook and consumer loan portfolio - Management confirmed a target growth range of 7% to 8% for the structured consumer loan portfolio [26] Question: Buyback activity and future expectations - Management indicated that the recent buyback activity may not be a sustainable run rate, but they still have shares available for repurchase [27][28]

WESTFIELD, Mass., Oct. 28, 2025 (GLOBE NEWSWIRE) -- Western New England Bancorp, Inc. (the “Company” or “WNEB”) (NasdaqGS: WNEB), the holding company for Westfield Bank (the “Bank”), announced today the unaudited results of operations for the three and nine months ended September 30, 2025. For the three months ended September 30, 2025, the Company reported net income of $3.2 million, or $0.16 per diluted share, compared to net income of $1.9 million, or $0.09 per diluted share, for the three months ended Se ...

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Financial Data and Key Metrics Changes - The operating return on assets was 1.37% for the third quarter, with a return on equity of 12.1% and a return on tangible common equity (ROTCE) of 17.6%, showing continued improvement over linked and prior year quarters [3] - Net income for the third quarter was $54.5 million, or $1.03 per diluted common share, with operating earnings per share at $1.05, an increase of $0.17 per share compared to the prior quarter [9] - Revenues grew approximately 9% from the prior quarter and 26% from the third quarter of the prior year, driven by improvements in net interest income [9][11] Business Line Data and Key Metrics Changes - Total loans increased by $1.6 billion for the year, including acquired loans from Evans Bancorp, with annualized loan growth in 2025 being approximately 1% higher from December 2024 [9][10] - Total deposits reached $13.7 billion, up $2.1 billion from December 2024, with growth in checking and money market accounts [10] - Non-interest income represented 28% of total revenues in the third quarter, reflecting the strength of the diversified revenue base [14] Market Data and Key Metrics Changes - The company experienced solid growth in deposits in the Western region of New York post-merger with Evans Bancorp, retaining key lending relationships despite a net contractual runoff of approximately $30 million [6] - The new branch in Greater Rochester opened in April and is off to a promising start, with plans for further expansion in the region [6][8] Company Strategy and Development Direction - The company plans to open four to six new branches annually to improve market concentration, particularly in Rochester [28] - The focus remains on organic growth and evaluating partnerships with like-minded community banks, with a renewed share repurchase authorization through the end of 2027 [5][33] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the capital position and growth opportunities across markets, despite potential challenges from expected changes to Fed funds rates impacting future margin improvements [4][15] - The company anticipates low to mid-single-digit loan growth rates in the upcoming quarters, supported by a strong pipeline [20] Other Important Information - The company announced an 8.8% improvement to its dividend to shareholders, marking the 13th consecutive year of increases [5] - Total operating expenses, excluding acquisition expenses, were $110 million for the quarter, reflecting a 4.4% increase from the prior quarter [14] Q&A Session Summary Question: Can you discuss cost savings and expected expenses? - Management indicated that cost savings from the Evans merger are essentially achieved, with a run rate of $110 million expected moving forward, alongside typical expense increases of 3.5% to 4.5% [18] Question: What are the expectations for loan growth? - Management expects low to mid-single-digit growth rates in the upcoming quarters, with a strong pipeline and a comfortable loan-to-deposit ratio of 85% [20][21] Question: What is the outlook for fee income growth? - The insurance business is expected to grow at a rate of high mid-single digits, with seasonality affecting the fourth quarter [63][67] Question: Are there plans for additional M&A? - The company is open to opportunistic M&A to fill in its franchise, focusing on smaller community banks [33] Question: What is the outlook for net interest margin? - Management anticipates potential margin pressure in the fourth quarter but sees opportunities for improvement in 2026 depending on the yield curve [34][76]

Financial Data and Key Metrics Changes - The company reported net income of $106 million, or $1.54 per diluted share, in the third quarter, with a return on assets at 1.56% and return on tangible common equity at 14.6% [9] - The efficiency ratio improved to 49.19% from 51.63% in the previous quarter, driven by a strong 17.8% annualized revenue growth [9][12] - Tangible book value per share grew to $42.90, reflecting a strong 15.2% annualized growth [9] Business Line Data and Key Metrics Changes - Loan growth was 4% annualized, primarily driven by a mix of commercial and industrial (C&I) and commercial real estate (CRE) [5][13] - Non-interest income increased by $7.4 million, mainly from better equipment finance fees and a non-recurring gain on securities [11] - The company repurchased approximately $8.5 million of common stock during the quarter [10] Market Data and Key Metrics Changes - Deposits grew at a 5% annualized rate, with non-interest-bearing deposits remaining over 30% [5][13] - The loan portfolio production topped $2 billion, the highest level since 2022 [6] - The company maintained a strong capital position, with common equity tier one at 13.2% and tangible common equity at 11.3% [5] Company Strategy and Development Direction - The company remains focused on growing its core deposit base and tangible book value per share, with an emphasis on revenue growth and positive operating leverage [4][8] - The management expressed optimism about capitalizing on growth opportunities and disruptions in the Southeastern markets [6][8] - The company plans to continue its share repurchase program, with a new authorization of $200 million [10] Management's Comments on Operating Environment and Future Outlook - Management is optimistic about loan demand and growth potential, particularly looking towards the end of 2025 and into 2026 [18][42] - The company anticipates some margin compression in the coming quarters due to rising deposit costs [11][34] - Asset quality remains stable, with low levels of net charge-offs and non-performing assets [12] Other Important Information - The company’s efficiency ratio is expected to return above 50% in the fourth quarter [12] - The provision for credit losses was $22.6 million, with over half related to reserves for unfunded commitments, indicating positive future loan growth potential [12] Q&A Session Summary Question: How is loan demand trending and what is the outlook? - Management expressed optimism about loan demand across all verticals, with steady payoffs indicating a healthy market [18] Question: How is competition affecting the loan landscape? - Competition is primarily on pricing, but management believes disruption in the market will provide additional volume opportunities [19] Question: What are the trends in equipment finance? - Demand in equipment finance is picking up, with strong fee income growth expected to continue [20][24] Question: What is the outlook for expenses and efficiency ratio? - A 5-5.5% increase in expenses is anticipated for next year, with a focus on maintaining a strong efficiency ratio [30][31] Question: What is the expectation for margin compression? - Management expects some margin compression due to deposit costs catching up with loan rates, but overall growth in net interest income is anticipated [34][36] Question: Is there potential for M&A activity? - The company is prioritizing organic growth opportunities over M&A at this time [45] Question: What is the outlook for mortgage activity? - Management is optimistic about increased mortgage activity if interest rates decline, with significant purchase volume currently [52]

Financial Performance - The company's net income for 3Q25 was $106.0 million, resulting in diluted earnings per share of $1.54[22] - The company's return on average assets (ROA) was 1.56% for 3Q25[22] - The company's return on average tangible common equity (ROTCE) was 14.57% for 3Q25[22] - The company's net interest margin (NIM) improved by 3 basis points to 3.80% in 3Q25[22] - The company's efficiency ratio improved to 49.19% in 3Q25[22] Balance Sheet and Capital - The company's tangible book value (TBV) grew by $1.58 per share to $42.90 at the end of 3Q25, representing an annualized growth rate of 15.2%[22] - The company's CET1 ratio was 13.2% at the end of 3Q25[13] - Noninterest-bearing deposits remained strong, representing 30.4% of total deposits as of September 30, 2025[22] Loan Portfolio and Credit Quality - The company's loan portfolio totaled $21.3 billion in 3Q25[56] - The company's allowance for credit losses (ACL) on loans was 1.62% of total loans in 3Q25[13] - The company's net charge-offs were stable at 0.14% annualized in 3Q25[22] Market Position and Growth - The company's Southeast markets are projected to grow approximately 1.7x the national average over the next five years[13]

SAN DIEGO, Oct. 28, 2025 (GLOBE NEWSWIRE) -- Endeavor Bancorp (OTCQX: EDVR) (the “Company” or “Bancorp”), the holding company for Endeavor Bank (the “Bank”), today reported net income of $1.73 million, or $0.46 per diluted share, for the third quarter of 2025, compared to $1.07 million, or $0.28 per diluted share, for the second quarter of 2025, and $924,000, or $0.24 per diluted share, for the third quarter of 2024. All financial results are unaudited. “Continued execution and focused strategy drove strong ...