Core Insights - InsCorp, Inc. reported a significant increase in earnings per share (EPS) to $0.73 in 2Q25, up from $0.57 in 1Q25 and $0.63 in 2Q24, indicating a positive trend in financial performance [1][15] - The company experienced a 24% year-over-year revenue growth in 2Q25, reaching $1,519,000, compared to 13% growth in 1Q25 [2] - The hiring of Billie Jo Parker as Chief Banking & Development Officer is expected to enhance business development and client services [9] Financial Performance - Net interest income rose by 27% year-over-year in 2Q25, with a net interest margin (NIM) improvement of 34 basis points to 3.21% [3][12] - The efficiency ratio improved to 60.9% in 2Q25 from 66.1% in 1Q25, reflecting better cost management [1][12] - Provision for credit losses increased to $380,000 in 2Q25, compared to $75,000 in 2Q24, which slightly restrained pretax income growth [2][15] Loan and Deposit Growth - Loan growth accelerated to 17% year-over-year in 2Q25, with notable increases in various categories such as residential loans (29% Y/Y) and HELOC (68% Y/Y) [4] - Total deposits grew by 18% year-over-year, driven by a 42% increase in interest-bearing transaction balances [5] - Medquity, INSBANK's healthcare division, reported an 18% year-over-year loan growth, contributing to the overall loan portfolio [4] Asset Quality and Capital Ratios - Asset quality remains strong, with nonperforming loans (NPLs) improving to 0.65% of total loans, down from 1.08% a year ago [6] - The bank's capital ratios indicate a well-capitalized status, with a tier-1 leverage ratio of 11.28% and a common equity tier-1 capital ratio of 12.01% [7][12] - Tangible book value per share increased by 6.4% year-over-year to $26.48 as of June 30, 2025 [8][12] Shareholder Returns - The Board of Directors approved a quarterly dividend of $0.11 per share, representing a 10% increase from the previous year [10] - The company repurchased 33,000 shares in 2Q25, amounting to 1.1% of the outstanding shares, as part of its ongoing share repurchase program [10]