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NBT Bancorp Inc. Announces Date of Third Quarter Conference Call
Globenewswire· 2025-10-01 12:30
NORWICH, N.Y., Oct. 01, 2025 (GLOBE NEWSWIRE) -- NBT Bancorp Inc. (“NBT” or the “Company”) (NASDAQ: NBTB) will release details of its financial results for the third quarter 2025 on Monday, October 27, 2025, following the market close. The Company will host a conference call at 10:00 a.m. (Eastern) Tuesday, October 28, 2025, to review these results. The audio webcast link, along with the corresponding presentation slides, will be available on the Company’s Event Calendar page at www.nbtbancorp.com/bn/presen ...
Citizens Community Bancorp, Inc. Reports Second Quarter 2025 Earnings of $0.33 Per Share; Board of Directors Authorize 5% Stock Buyback Authorization
Globenewswire· 2025-07-28 12:30
Core Viewpoint - Citizens Community Bancorp, Inc. reported a solid performance in Q2 2025 with earnings of $3.3 million, reflecting a slight increase from the previous quarter but a decrease compared to the same quarter last year. The company experienced improvements in net interest income and tangible book value, although provisions for credit losses increased significantly due to rising delinquencies and changes in macroeconomic assumptions. Financial Performance - Earnings for Q2 2025 were $3.3 million, or $0.33 per diluted share, compared to $3.2 million and $0.32 per diluted share in Q1 2025, and $3.7 million and $0.35 per diluted share in Q2 2024 [1][5] - For the first half of 2025, earnings totaled $6.5 million, down from $7.8 million in the same period last year [5] - Net interest income increased by $1.7 million to $13.3 million in Q2 2025, driven by interest income from loan payoffs and lower deposit costs [2][24] Balance Sheet and Asset Quality - Book value per share improved to $18.36 at June 30, 2025, from $18.02 at March 31, 2025, and $17.10 at June 30, 2024 [3] - The provision for credit losses was $1.35 million in Q2 2025, compared to a negative provision of $0.25 million in Q1 2025, largely due to a $9.3 million increase in delinquencies [2][8] - Nonperforming assets decreased by $1.5 million to $13.0 million at June 30, 2025, while special mention loans increased by $8.2 million to $23.2 million [17][19] Deposits and Liquidity - Total deposits decreased by $45.2 million to $1.48 billion during Q2 2025, reflecting seasonal shrinkage in public deposits and a decline in commercial deposits [9][19] - The on-balance sheet liquidity ratio was 12.17% of total assets at June 30, 2025, down from 14.38% at March 31, 2025 [10] Non-Interest Income and Expenses - Non-interest income increased by $0.2 million to $2.8 million in Q2 2025, primarily due to loan fees and gains on equity securities [6][31] - Non-interest expense rose by $0.3 million to $10.8 million, attributed to higher compensation costs [31] Efficiency and Capital Management - The efficiency ratio improved to 66% in Q2 2025 from 73% in Q1 2025, aided by recognized interest income from loan payoffs [9] - The Board of Directors authorized a new 5% common stock buyback program for 499,000 shares [23]
Riverview Bancorp, Inc. Added to Russell 2000 Index
Globenewswire· 2025-07-01 13:00
Core Points - Riverview Bancorp, Inc. has been added to the Russell 3000 Index and Russell 2000 Index as of June 30, 2025, marking a significant milestone for the company [1][2] - The inclusion in the Russell Indices is expected to enhance visibility among institutional investors and reflects the company's commitment to being a leading community bank in the Pacific Northwest [2] - As of June 2024, approximately $10.6 trillion in assets are benchmarked against the Russell US indexes, indicating the importance of these indices in the investment management industry [2] Company Overview - Riverview Bancorp, Inc. is headquartered in Vancouver, Washington, with total assets of $1.51 billion as of March 31, 2025 [4] - The company operates Riverview Bank and Riverview Trust Company, providing community banking services through 17 branches and 3 lending centers [4] - Riverview has been recognized as the Best Bank by readers of The Vancouver Business Journal and The Columbian for the past 11 years [4] Industry Context - FTSE Russell, the provider of the Russell indexes, is a global leader in index benchmarking, with approximately $18.1 trillion benchmarked to its indexes [6] - FTSE Russell's indexes cover 98% of the investable market globally, highlighting their significance for institutional and retail investors [6]
Riverview Bancorp Reports Net Income of $1.1 Million in Fourth Fiscal Quarter 2025 and $4.9 Million for Fiscal 2025
Globenewswire· 2025-04-29 13:00
Core Insights - Riverview Bancorp reported a net income of $1.1 million, or $0.05 per diluted share, for the fourth fiscal quarter ended March 31, 2025, a decrease from $1.2 million, or $0.06 per diluted share, in the previous quarter [2][4] - For fiscal 2025, net income increased to $4.9 million, or $0.23 per diluted share, compared to $3.8 million, or $0.18 per diluted share, for fiscal 2024 [3][9] - The company experienced a net interest income of $9.2 million for the quarter, up from $8.6 million in the same quarter last year, with a net interest margin of 2.65% [2][8] Financial Performance - Net interest income for fiscal 2025 was $36.3 million, down from $38.1 million in fiscal 2024, attributed to increased interest expenses [7] - Non-interest income rose to $3.7 million in the fourth quarter, compared to $494,000 in the same quarter last year, largely due to a strategic investment restructure [12] - Non-interest expense decreased to $11.4 million in the fourth quarter from $13.1 million a year ago, reflecting improved operational efficiency [14] Asset Quality - Non-performing assets remained low at $155,000, or 0.01% of total assets, consistent with the previous year [9][22] - The allowance for credit losses was stable at $15.4 million, representing 1.45% of total loans [26] Balance Sheet Highlights - Total loans increased to $1.06 billion at March 31, 2025, compared to $1.02 billion a year earlier [9][16] - Total deposits were $1.23 billion, unchanged from the previous year, with a notable increase in non-interest checking accounts [19] - Shareholders' equity rose to $160.0 million, with tangible book value per share increasing to $6.33 [21] Strategic Initiatives - The company completed a three-year strategic plan focusing on profitable growth and digital leadership, emphasizing employee and client engagement [5] - Riverview's loan production outperformed the previous four quarters, indicating a strong relationship-focused approach [4] Capital and Liquidity - Riverview maintained a total risk-based capital ratio of 16.27% and a Tier 1 leverage ratio of 11.10%, well above regulatory requirements [27] - The company had approximately $471.3 million in available liquidity, including borrowing capacity from the FHLB and the Federal Reserve Bank [28][29]