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Posted by
Two Blokes Apr 28 -
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Stock
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First Quarter 2025 Highlights Net Income of $13.9 million, or $0.82 per share, and return on average assets ("ROA") of 1.75% Core net income( 1 ) of $14.9 million, or $0.88 per share, and core ROA(1) of 1.87% Book value per common share of $22.19 at March 31, 2025, increased $0.87 compared to 4Q 2024, and increased $3.51 when compared to 1Q 2024. Tangible Book Value Per Share(1) of $19.81, increased 3.7% (not annualized), or $0.71( 2 ) as compared to 4Q 2024, and increased 6.0%, or $1.13 compared to 1Q 2024 Return on average equity ("ROE") of 15.56%, and return on average tangible common equity ("ROTCE")(1) of 17.57% Core ROE(1) of 16.64%, and core ROTCE(1) of 18.77% Gross Loans grew $48.2 million, or 7.4% (annualized), during 1Q 2025, and growth of $713.9 million year-over-year including $340.4 million from organic growth and $373.5 million from the IFH acquisition Total Deposits grew $129.4 million, or 19.0% (annualized), from 4Q 2024.
