2nd Quarter 2025 Highlights: Including the $19.9 million expenses related to the current quarter acquisition, diluted earnings per share for the current quarter was $0.45 per share, a decrease of 6 percent from the prior quarter diluted earnings per share of $0.48 per share and an increase of 15 percent from the prior year second quarter diluted earnings per share of $0.39 per share.Net income was $52.8 million for the current quarter, a decrease of $1.8 million, or 3 percent, from the prior quarter net inc ...

AMESBURY, Mass., July 24, 2025 /PRNewswire/ -- Provident Bancorp, Inc. (the "Company") (NasdaqCM: PVBC), the holding company for BankProv (the "Bank"), reported net income for the quarter ended June 30, 2025 of $2.8 million, or $0.17 per diluted share, compared to net income of $2.2 million, or $0.13 per diluted share, for the quarter ended March 31, 2025, and a net loss of $3.3 million, or $0.20 per diluted share, for the quarter ended June 30, 2024. For the six months ended June 30, 2025, net income was $ ...

TACOMA, Wash., July 24, 2025 /PRNewswire/ --  $152 million $160 million $0.73 $0.76 Net income Operating net income 1 Earnings per common share - diluted Operating earnings per common share - diluted 1 CEO Commentary "Our second quarter results demonstrate our focus on profitability and balance sheet optimization," said Clint Stein, President and CEO. "Commercial loan growth outpaced runoff in transactional portfolios while the net interest margin benefited from loan repricing, co ...

Financial Data and Key Metrics Changes - In Q2 2025, interest income increased while interest expense decreased, resulting in a net interest margin on a tax-effective basis rising above 2% [6][22] - Diluted earnings per share for the quarter were reported at $0.02, attributed mainly to credit issues and changes in noninterest income [6][7] - Net interest income for Q2 was $28 million, up 11.5% from the previous quarter, with net interest margin improving to 1.96% [22][24] Business Line Data and Key Metrics Changes - The franchise finance portfolio saw $12.6 million of loans moved to nonperforming status, with specific reserves of approximately $4.5 million [9] - In the SBA lending business, the company has originated $1.8 billion in small business loans since 2020, with improvements noted in the portfolio as loans on nonaccrual decreased [13][15] - Noninterest income for the quarter was $5.6 million, which included a $1.6 million gain on the sale of SBA loans, down from the previous quarter [18] Market Data and Key Metrics Changes - The overall credit quality remains sound, with nonperforming loans to total loans at 1%, consistent with industry norms [8] - Delinquencies across loan portfolios improved to 62 basis points, a 15 basis point improvement over the last 90 days [8] - The company expects to see noninterest income increase to around $13.3 million in both Q3 and Q4, driven by an increase in loan sales [25] Company Strategy and Development Direction - The company is focused on improving net interest margin and income through higher loan yields and lower deposit costs, with expectations of continued growth in the loan portfolio [24][27] - The management is optimistic about the outlook for 2026, anticipating growth in income-generating loan verticals and small business lending [27] - The company has adjusted its underwriting criteria in response to economic conditions, particularly in the SBA lending space [14][70] Management's Comments on Operating Environment and Future Outlook - Management acknowledged the economic uncertainty but expressed confidence in the strategies in place to drive net interest margin growth [24][98] - The company is taking a conservative approach to provisions for loan losses, expecting them to remain elevated compared to historical levels [26][56] - Management noted that the pace of new delinquencies has slowed, indicating promising signs for future improvement [11][56] Other Important Information - The company has a strong pipeline for SBA loans, with expectations to exceed previous lending goals [70] - The management highlighted the importance of maintaining capital ratios while considering share repurchase options [62][81] - The company has seen significant growth in fintech partnerships, contributing to deposit growth and overall revenue [78][80] Q&A Session Summary Question: Provision guidance for the back half of this year and next year - Management expressed hope that the provision levels would not be needed but maintained a cautious approach to avoid underestimating future credit stress [32][34] Question: Insights on SBA lending and industry changes - Management clarified that recent changes to industry standards have not negatively impacted demand for SBA loans, and they continue to see strong pipelines [36][38] Question: Breakdown of charge-offs and future expectations - Management indicated that charge-offs have been higher in the SBA portfolio, but they expect the charge-off trajectory to improve moving forward [50][56] Question: Willingness to lend and current lending goals - Management confirmed that they are on track to meet and potentially exceed their lending goals in the SBA space, focusing on high-quality loans [70][72] Question: Expense outlook and variability - Management noted that compensation, particularly related to SBA and construction commissions, is the most variable line item affecting expenses [86][88]

Financial Data and Key Metrics Changes - The company reported an EPS of $0.83 and net income of $32 million, with a return on assets (ROA) of 1.32% and a pre-provision net revenue (PPNR) of 1.73% [8][19] - Net interest income increased by $3.3 million, or 3.9%, compared to the first quarter, with a net interest margin (NIM) expansion to 3.88%, up seven basis points [14][18] - Total assets exceeded $9.8 billion, driven by a 5% increase in loans [6][8] Business Line Data and Key Metrics Changes - Annualized loan growth was just over 5%, amounting to $98 million in Q2, primarily driven by commercial real estate balances, which increased by $58 million [9][10] - The mortgage and home equity businesses contributed a combined net growth of $26 million [10] - Customer deposit growth was $28 million, or 1.42% annualized, with non-interest bearing deposits representing 28% of total deposits [11][12] Market Data and Key Metrics Changes - The company maintained a stable allowance for credit losses at 1.24% of total loans, with non-performing assets (NPAs) remaining low [12][39] - The competitive landscape varies geographically, with the company maintaining significant market share in its core markets while being a disruptor in Ohio [64] Company Strategy and Development Direction - The company is focused on organic growth, with a clear path to reach $10 billion in total assets through loan growth and strategic initiatives [6][19] - There is an ongoing emphasis on improving asset quality and maintaining a solid deposit mix, with a disciplined approach to potential inorganic growth opportunities [5][6] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about future loan growth, expecting to maintain a mid to high single-digit growth rate for the remainder of the year [25][50] - The company is actively monitoring the impact of economic changes and tariffs but has not seen significant adverse effects on growth [12][39] Other Important Information - The company added four new commercial bankers to enhance its commercial and industrial (C&I) lending efforts [10][53] - The tangible common equity (TCE) ratio increased by 18 basis points, positioning the company well for growth opportunities [18][19] Q&A Session Summary Question: What is the outlook for funding costs and loan growth? - Management indicated that successful deposit raising efforts could offset some pressure on margins, but growth might be slightly lower than the current NIM of 3.88% [23] Question: Can you clarify the potential upside in a higher for longer interest rate environment? - Management noted that benefits from repricing on loans and securities could yield a couple of basis points of upside, but it would not be significant [24] Question: What is the company's strategy regarding M&A? - Management confirmed that building long-term relationships is critical, and they are optimistic about participating in M&A as market uncertainty decreases [29] Question: How does the company view its credit quality and reserves? - Management aims to stabilize non-performing loans (NPLs) and maintain low charge-offs, with reserves currently at 1.24% of loans [39][42] Question: What is the expected impact of crossing the $10 billion asset threshold? - The Durbin hit is estimated between $6 million and $7 million annually, but the company has built infrastructure to manage this without significant additional expenses [43][56] Question: What are the primary drivers of loan growth in the second half of the year? - Management highlighted consistent growth across various business lines, particularly in commercial real estate and home equity, with a focus on maintaining strong pipelines [50][51]

CVB Financial (CVBF) Q2 2025 Earnings Call July 24, 2025 10:30 AM ET Company ParticipantsE. Allen Nicholson - EVP & CFODavid Brager - Director, President & CEOAndrew Terrell - Managing DirectorDavid Feaster - Director - BankingKelly Motta - Managing DirectorConference Call ParticipantsMatthew Clark - MD & Senior Research AnalystGary Tenner - MD & Senior Research AnalystOperatorGood morning, ladies and gentlemen, and welcome to the 2025 CVB Financial Corporation and its subsidiary Citizens Business Bank Earn ...

WHITE PLAINS, N.Y., July 24, 2025 (GLOBE NEWSWIRE) -- NorthEast Community Bancorp, Inc. (Nasdaq: NECB) (the “Company”), the parent holding company of NorthEast Community Bank (the “Bank”), reported net income of $11.2 million, or $0.85 per basic share and $0.82 per diluted share, for the three months ended June 30, 2025 compared to net income of $12.8 million, or $0.98 per basic share and $0.97 per diluted share, for the three months ended June 30, 2024. In addition, the Company reported net income of $21.7 ...

Univest Financial (UVSP) Q2 2025 Earnings Call July 24, 2025 09:00 AM ET Speaker0Good morning, all, and thankSpeaker1you for joining us. Univest Financial Corporation second quarter twenty twenty five earnings call. My name is Carly, and I'll be coordinating the call today. If you'd like to a question during the call, you can do so by pressing star followed by one on your telephone keypad. And to remove yourself by line of questioning, please star followed by 2.I'd now like to hand over to our host, Jeff Sc ...

Banco de Sabadell (0H00) 2025 Capital Markets Day July 24, 2025 02:30 AM ET Speaker0Good morning, everyone. Welcome to Bank Sabadell's Capital Markets Day. Today, we've also published our quarterly results presentation. This presentation was prerecorded and is accessible to with the audio webcast on the quarterly results through our website. As usual, we are joined today by our CEO, Cesar Gonzalez Bueno and our CFO, Sergio Palabestino.Let me share with you the agenda for today. Firstly, our CFO sorry, our C ...

RANCHO CORDOVA, Calif., July 23, 2025 (GLOBE NEWSWIRE) -- Five Star Bancorp (Nasdaq: FSBC) (“Five Star” or the “Company”), a holding company that operates through its wholly owned banking subsidiary, Five Star Bank (the “Bank”), today reported net income of $14.5 million for the three months ended June 30, 2025, as compared to $13.1 million for the three months ended March 31, 2025 and $10.8 million for the three months ended June 30, 2024. Second Quarter Highlights Performance and operating highlights fo ...