Financial Data and Key Metrics Changes - The company reported net income for Q2 2025 of $11 million, or $0.71 per diluted share, representing a 56% increase from Q2 2024 and an increase of $847,000 from the linked quarter [4] - Pre-provision net revenue increased by $3.3 million, or 37.5%, compared to Q2 2024, and by $770,000, or 6.7%, from the linked quarter [5] - Net interest income for the quarter was $34.8 million, an increase of $2 million, or 6.2%, compared to the linked quarter [5] - Non-interest income declined by $1.3 million, or 16.2%, from the first quarter and by $3.8 million from Q2 2024 [11] Business Line Data and Key Metrics Changes - The loan and lease portfolio grew at an annualized rate of 6.8% during the quarter, with significant growth in residential loans, which increased by $42 million [6][14] - Non-interest expense for the quarter was $27.5 million, a 1.3% increase over the first quarter, primarily due to merit increases in compensation [12] - The efficiency ratio improved to 64.5% compared to 64.9% for the linked quarter and 72.6% for the prior year [13] Market Data and Key Metrics Changes - Total deposits declined by $42.7 million, or 1.3%, primarily due to a municipal customer transferring funds out [17] - The loan-to-deposit ratio was 98.6%, higher than desired, with plans to reduce it to a targeted range of 90% to 95% [19] - The company launched a new digital deposit account opening platform to attract new customers [18] Company Strategy and Development Direction - The company announced a definitive agreement to acquire a former Savings Bank in Spencer, Ohio, and an $88.5 million follow-on capital offering [7][8] - The acquisition is expected to enhance the company's capital ratios and support organic growth [10][22] - The company aims to leverage the acquired low-cost core deposits and security portfolio to fund loan growth [10] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about loan growth, particularly in Ohio, which is becoming more business-friendly [40] - The company anticipates loan growth to remain in the mid-single digits for the remainder of 2025 and accelerate into high single digits in 2026 [24] - Credit quality remains strong, with criticized credits declining by $2 million during the quarter [23] Other Important Information - The company successfully raised $76.3 million in additional capital through a follow-on offering [11] - The effective tax rate for the quarter was 14.6% [13] - Unrealized losses in the securities portfolio increased to $63.1 million as of June 30 [20] Q&A Session Summary Question: Core margin trends for the second half - Management expects the core margin to improve, projecting a range of 3.52% to 3.53% for Q3, with further expansion in Q4 [31] Question: Competitive environment for lending and funding - The competitive landscape is intensifying, with larger regional banks becoming more aggressive in both lending and deposits [33] Question: Specific markets driving loan growth - Loan growth was primarily in residential loans, with a focus on Ohio's expanding job market and business investments [40] Question: Deposit growth strategy and initiatives - Previous initiatives are nearing capacity, but new initiatives, including a digital account opening system, are expected to enhance deposit growth [44] Question: Leasing recovery impact on loan balances - The leasing side is expected to rebound, positively impacting loan balances as well [66]

Growth Capital Raise Corporate Update June 17, 2025 Confidential Information. Do Not Distribute. 11 Confidential Information. Do Not Distribute. Forward-Looking Statements This presentation contains forward-looking statements, including statements about the expected timing of the closing of the proposed offering of preferred stock and the continued execution of PureCycle's business plan; the expected growth in the number of PureCycle's facilities, including the timing of such growth and the expected product ...

Core Insights - Tobin Scientific has successfully closed a significant capital raise to support its growth phase, led by Denali Growth Partners and Truck 9 Partners, with financing from Eastern Bank [1][5][6] Company Overview - Tobin Scientific is a leading provider of cGMP storage, biorepository services, and specialized logistics for the life sciences industry, recognized for its white-glove approach to biopharma logistics [4][8] - The company operates over 365,000 square feet of cold chain and ambient warehouse space, offering a robust portfolio of specialized transportation and storage services [4] Growth Strategy - The capital raised will be utilized to expand cGMP-compliant storage and logistics capacity, broaden geographic presence in key pharmaceutical hubs, and support targeted M&A initiatives across the life sciences supply chain [1][5] - The investment is aimed at building critical infrastructure to support clients throughout the R&D and manufacturing lifecycle, from discovery to commercialization [5] Financial Partners - Denali Growth Partners and Truck 9 Partners are leading the minority growth equity investment, while Eastern Bank is providing a comprehensive financing package [1][5][9] - Eastern Bank, with approximately $25.0 billion in assets as of March 31, 2025, is committed to supporting Tobin Scientific's strategic growth initiatives [10] Leadership and Vision - The executive management team at Tobin Scientific remains unchanged, emphasizing continuity in leadership during this growth phase [1] - The CEO, Brian Tobin, highlighted the investment as a testament to the dedication and expertise of the team, reinforcing the company's commitment to high service standards [5]