Executive Summary

Q4 FY2025 EPS was $0.73, up 23.9% QoQ vs $0.59 and up 9.0% YoY vs $0.67; net income was $2.3M as NIM expanded and cost of funds declined amid lower short-term rates .
Net interest margin rose to 3.39% (from 3.27% in Q3 FY2025 and 2.99% in Q4 FY2024) as yields improved and an investment subsidiary for municipal securities enhanced tax-equivalent yields; cost of funds fell to 2.23% .
Balance sheet momentum: loans +$54.3M YoY (+7.2%), deposits +$63.8M YoY (+6.6%), with non-performing loans at 0.13% of total (0.09% excluding SBA-guaranteed) and ACL steady at 1.04% .
Management highlighted strong loan production (+41.9% YoY in FY2025 originations) and branch expansion (Massillon opened; Canton in Fall 2025; Boardman in Summer 2026), positioning for sustained growth and NIM support in a declining rate backdrop .

What Went Well and What Went Wrong

What Went Well

NIM expansion and lower funding costs drove stronger profitability: NIM 3.39% vs 3.27% (Q3) and 2.99% (YoY); cost of funds down to 2.23% as short-term rates fell .
Robust loan and deposit growth: total loans +7.2% YoY and deposits +6.6% YoY, with organic loans +11.0% and shareowners’ equity +19.8% YoY; book value per share up to $24.25 .
Management execution and pipeline strength: “In the 2025 fiscal year, business banking, installment, and residential mortgage related loan originations totaled $269.9 million, a $79.7 million, or 41.9% increase over the 2024 fiscal year” .

What Went Wrong

Provision for credit losses rose to $480k vs $137k YoY, reflecting strong loan growth; QoQ loan balances increased $45.6M, requiring higher provisioning .
Operating expenses increased 12.5% YoY in Q4 on salaries, software, and legal fees; FY2025 other expenses +8.7% YoY amid growth investments .
Mortgage warehouse line-of-credit balance fell to zero vs $26.2M at FY2024 year-end due to lower mortgage volumes, reducing a low-ACL asset and shifting mix toward credit-required portfolios .

Financial Results

Metric	Q4 FY2024	Q3 FY2025	Q4 FY2025
Total Interest Income ($USD)	$12.889M	$12.908M	$13.772M
Total Interest Expense ($USD)	$4.841M	$4.389M	$4.546M
Net Interest Income ($USD)	$8.048M	$8.519M	$9.226M
Provision for Credit Losses ($USD)	$137k	$510k	$480k
Other Income ($USD)	$1.278M	$1.278M	$1.417M
Other Expenses ($USD)	$6.628M	$7.162M	$7.455M
Income Before Taxes ($USD)	$2.561M	$2.125M	$2.708M
Income Tax Expense ($USD)	$458k	$274k	$415k
Net Income ($USD)	$2.103M	$1.851M	$2.293M
Diluted EPS ($USD)	$0.67	$0.59	$0.73
Net Interest Margin (%)	2.99%	3.27%	3.39%
Yield on Avg Interest-Earning Assets (%)	4.81%	4.93%	5.03%
Cost of Funds (%)	2.48%	2.25%	2.23%

KPIs and Balance Sheet

KPI	Q4 FY2024 (6/30/24)	Q3 FY2025 (3/31/25)	Q4 FY2025 (6/30/25)
Total Assets ($USD)	$1.097B	$1.134B	$1.165B
Total Loans ($USD)	$759.1M	$767.8M	$813.5M
Deposits ($USD)	$973.0M	$1.025B	$1.037B
Shareholders’ Equity ($USD)	$63.7M	$73.5M	$76.3M
NPLs / Total Loans (%)	0.07% (ex-SBA)	0.08% (ex-SBA)	0.09% (ex-SBA)
ACL / Total Loans (%)	1.04%	1.05%	1.04%
Non-Performing Assets / Total Assets (%)	0.08%	0.09%	0.09%

Segment breakdown: Not disclosed (community bank reporting focused on consolidated results) .

Guidance Changes

Metric	Period	Previous Guidance	Current Guidance	Change
Net Interest Margin outlook	FY2026	Not provided	Management expects declining rates to have a positive net effect on NIM through FY2026 (constant balance sheet assumption)	Qualitative positive
Branch expansion (Canton)	Fall 2025	Announced previously	Opened Sept 2025; visibility and market share expected to improve	Achieved
Branch expansion (Boardman)	Summer 2026	Announced previously	Remains on track; first full-service Mahoning County branch	Maintained
Mortgage warehouse line-of-credit	Ongoing	Balance varied with mortgage volumes	Paid down to $0 by 3/31/25 due to lower volumes; expected to increase with higher mortgage volumes and funding needs	Qualitative variable
Dividend	FY2025	Prior FY dividend $0.72	FY2025 dividend paid $0.76 per share	Increased

No formal quantitative guidance ranges (revenue, margins, OpEx, OI&E, tax rate) were issued in Q4 FY2025; commentary emphasized NIM trajectory, loan/deposit growth, and branch expansion .

Earnings Call Themes & Trends

Note: No Q4 FY2025 call transcript was filed; a shareholder/analyst call slide deck was posted (Oct 25, 2025) .

Topic	Previous Mentions (Q2 FY2025, Q3 FY2025)	Current Period (Q4 FY2025)	Trend
Cost of funds / rate environment	Cost of funds down; NIM up 10 bps QoQ (Q2); cost of funds 2.45% (Q2); NIM up to 3.27% (Q3) as short-term rates declined	Cost of funds 2.23%; NIM 3.39%; additional benefit from municipal investment subsidiary structure	Improving NIM with declining short-term rates
Municipal investment subsidiary	Established to enhance tax-equivalent yield (Q3)	Continued positive impact in Q4	Sustained tailwind
Loan production	Business banking and consumer lending gains; commitments rising (Q2). Organic loan growth $36.2M in Q3; warehouse line paid down to $0	FY2025 originations $269.9M (+41.9% YoY), organic loans +11.0% YoY	Strong pipelines; mix shift to core loans
Credit quality	NPLs 0.11% (Q2); NCOs 0.07% annualized (YTD Q2); ACL ~1.03%	NPLs 0.13% total (0.09% ex-SBA); ACL 1.04%; NCOs low	Stable, conservative underwriting
Branch network expansion	Massillon opening (Feb 2025); increased marketing in Q3	Massillon reached ~$10M deposits in five months; Canton opening planned; Boardman scheduled	Building local market share

Management Commentary

“In the 2025 fiscal year, business banking, installment, and residential mortgage related loan originations totaled $269.9 million, a $79.7 million, or 41.9% increase over the 2024 fiscal year… We expect these investments to provide future growth opportunities and shareholder value.” — Ralph J. Lober II, President & CEO .
“Given a constant balance sheet, we expect the net effect of declining rates to have a positive impact on the bank’s net interest margin through the end of the 2026 fiscal year.” — Ralph J. Lober II .

Q&A Highlights

No Q4 FY2025 earnings call transcript was available; the company hosted a shareholder/analyst call with slides (Oct 25, 2025), but Q&A content is not accessible via filed transcripts .

Estimates Context

Wall Street consensus via S&P Global appears unavailable for EPS and revenue for CBKM in Q4 FY2025; as a microcap, formal consensus coverage is limited. Actuals: EPS $0.73 and net income $2.293M for Q4 FY2025; revenue breakouts reported as net interest income $9.226M and other income $1.417M .
Values retrieved from S&P Global.*

Metric	Q2 FY2025	Q3 FY2025	Q4 FY2025
EPS Consensus Mean	N/A*	N/A*	N/A*
Revenue Consensus Mean ($USD)	N/A*	N/A*	N/A*
Actual EPS ($USD)	$0.73	$0.59	$0.73
Actual Net Interest Income ($USD)	$8.319M	$8.519M	$9.226M

Key Takeaways for Investors

Profitability inflecting positively: sequential and YoY EPS growth aided by NIM expansion and lower funding costs; watch trajectory as rate cuts flow through deposit pricing .
Core growth intact: double-digit organic loan growth and healthy deposit inflows position the bank for continued asset growth; pipeline commentary supports sustained production .
Credit remains benign: NPLs and NCOs at low levels with ACL stable at 1.04%; underwriting discipline and borrower resilience through inflationary pressures underpin credit quality .
Expense growth reflects investment phase: elevated salaries/software/legal spend supports expansion; monitor operating leverage as revenue scales .
Structural NIM supports: municipal investment subsidiary enhances tax-equivalent yields; falling short-term rates should further benefit margin, per management .
Branch expansion is a tangible growth catalyst: Massillon traction, Canton now open, Boardman next; expect incremental deposits and business banking visibility .
Limited sell-side coverage reduces near-term estimate-driven volatility; price action likely tied to reported fundamentals and local-market growth narrative rather than consensus beats/misses .

Sources: Q4 FY2025 8-K press release and financial highlights ; Q3 FY2025 8-K press release ; Q2 FY2025 8-K press release ; Q1 FY2026 press release for forward-looking NIM and branch updates ; shareholder/analyst call slide deck reference .

CONSUMERS BANCORP INC /OH/ (CBKM)·Q4 2025 Earnings Summary