Financial Performance - Net income for the second quarter ended June 30, 2025, was $32.8 million, translating to earnings per share of $2.52 [2][3][15] - The net interest margin (NIM) improved to 3.85% from 3.75% in the previous quarter [4][15] - Total operating expenses were $22.5 million, with guidance for the next couple of quarters ranging from $21.8 million to $22.6 million [5][22] Loan and Deposit Activity - The company experienced approximately 7% annualized loan growth, driven by commercial and industrial (C&I) line usage and construction commitments [3][7][15] - Deposit balances remained flat compared to the first quarter, as the company managed deposit costs deliberately [3][8][31] - $1.4 billion in certificates of deposit (CDs) are set to mature in Q3 2025 at an average rate of 4.21%, with current renewal rates slightly under 4% [5][21] Shareholder Returns and Capital Management - The company repurchased $56 million of common shares at an average price of $80.81 per share [4][24] - New share repurchase authorization of $125 million remains untapped due to valuation considerations [7][24] Asset Quality and Risk Management - There were decreases in nonaccrual, criticized, and past due loans compared to the previous quarter, with management stating that reserves are sufficient [4][16] - The company continues to monitor external uncertainties, including tariffs and inflation, which may impact borrowers [8][37] Branch Expansion and Future Outlook - A new branch in Manhattan is performing well in loan origination, with plans for a Silicon Valley branch in the second half of the year [6][35] - Management noted tentative signs of sustained loan demand entering July, although uncertainties remain regarding the economic environment [7][15][36]

Core Insights - The company reported an expansion in Net Interest Margin (NIM) by six basis points in Q2 2025, indicating improved profitability [2][15] - Adjusted Return on Assets (ROA) was 1.37% for Q2 2025, reflecting transaction expenses related to the Sable Trust acquisition [3][20] - Adjusted net income decreased slightly to $118 million, or $1.37 per share, compared to $120 million, or $1.38 per share, in the previous quarter [3][20] - Pre-Provision Net Revenue (PPNR) increased by $5 million, or 3%, reaching 1.95% of assets [3][20] - Fee income rose by $4 million, or 4%, primarily driven by trust fees from the Sable Trust acquisition [4][20] Financial Performance - Net Interest Income (NII) increased by $7 million, or 2%, quarter-over-quarter [3][20] - Expenses rose by $5 million, or 2%, after adjusting for one-time items, with $2.5 million attributed to the Sable Trust acquisition [4][20] - Efficiency Ratio improved to 54.91% from 55.22% in the previous quarter, indicating better cost management [5][21] - Loans grew by $364 million, representing 6% annualized linked-quarter growth, with guidance for low single-digit annual growth remaining unchanged [5][15] Deposits and Funding - Deposit balances decreased by $148 million, primarily due to certificate of deposit (CD) run-off and reduced public funds [5][16] - Demand Deposit Account (DDA) mix increased to 37%, with management guiding for 37%-38% by year-end 2025 [5][24] - CD maturities repriced from 3.85% to 3.59%, with an 86% renewal rate; an additional $3.6 billion is expected to mature in the second half of 2025 [6][23] Capital and Shareholder Returns - Tangible common equity (TCE) stood at 9.84% and common equity Tier 1 at 14.03% post-acquisition [7][25] - The company repurchased 750,000 shares, spending approximately $40 million, with plans to maintain this capital return pace [8][26] - Management expects a common equity Tier 1 operating level of 11%-11.5% and a TCE comfort zone near 8% [9][29] Credit Quality - Allowance for Credit Losses (ACL) was maintained at 1.45% of loans, down four basis points from the last quarter [7][25] - Net charge-offs increased to 31 basis points, with full-year 2025 guidance unchanged at 15-25 basis points [7][25] - Criticized commercial loans declined by 4% to $594 million, and nonaccrual loans fell by 9% to $95 million, indicating stable credit quality [7][25] Growth Initiatives - The company added ten new bankers and finalized five new financial center locations in the Dallas area, with three openings slated for late 2025 and the remainder in early 2026 [8][17] - Management expects continued CD repricing at lower rates, forecasting at least an 81% renewal rate in the second half of 2025 [12][24] - The organic hiring plan targets a compounded 10% increase in bankers annually, with flexibility to exceed this if high-quality talent becomes available [12][76]

Learn about certificate of deposit (CD) types, how they work, and how they can fit into your savings goals. Browse Investopedia’s expert-written library for more. https://t.co/5rXBFzf89v ...

手里有100万，打算放3年不动，很多人第一反应就是存3年定期存款。可除了这个，还有没有别的存钱法子呢？答案当然是有的，下面就给大家唠唠。 为啥大家不愿意把钱放家里呢？其实道理很简单，现金放家里风险太大啦。万一家里进小偷，钱被偷走了，那可就血本无归；要是家里闹虫鼠蚁，钱被啃得 破破烂烂，也没法用；要是碰上洪水、地震这些天灾，钱说不定就被冲走或者埋在废墟里，找都找不回来。所以为了资金安全，很多人都会把钱交给银行打 理。 要是手里有100万闲置3年，除了3年定期存款，还有啥选择呢？ 要是你的钱不一定能闲置满3年，中间可能会提前取出来用，那存短期定期存款，到期再转存也是个办法。有些人担心，辛辛苦苦存了很久，结果提前支 取，利息损失一大笔，多心疼啊。存短期定期存款，到期转存，虽然利率可能没3年定期那么高，但能保证到期拿到满期的利息，说不定反而更划算。 还有一种办法，叫分割加组合。一种存钱方式，往往有优点也有缺点。要是只用一种方式打理大笔资金，优点缺点都会被放大。就好比活期存款，流动性 好，随时能取，可要是把100万全存成活期，利息少得可怜，想想都亏。 所以要是你有100万能闲置3年，不妨根据实际情况把资金分割一下。要是 ...

HORSHAM, Pa., May 08, 2025 (GLOBE NEWSWIRE) -- The Victory Bank will celebrate the grand opening of its second retail branch, located at 100 Gibraltar Road, Horsham, PA 19044, with a week-long series of events from June 2 through June 6, 2025. The celebration features daily prize giveaways, family entertainment, business seminars, and exclusive offers—including a CD Special of 4.5% APY* for 22 weeks and special promotions for new business accounts opened in person at the Horsham location. Special Promotions ...