Total Revenue

+6% (Q1 2025: $130.96M vs. Q1 2024: $123.45M)

Total Revenue increased by 6% as improved lending performance and higher interest income in Q1 2025 built on the growing trends from FY 2024. This moderate gain reflects enhanced core business activity and a favorable rate environment that had already begun shifting revenue dynamics in the previous period. " "

Net Income

+17% (Q1 2025: $32,592K vs. Q1 2024: $27,790K)

Net Income rose by approximately 17% driven by stronger net interest margins and cost control measures instituted in FY 2024 that continued into Q1 2025. Higher income from operations combined with controlled expenses, relative to the $27,790K recorded in Q1 2024, contributed to a significantly healthier bottom line. " "

Earnings per Common Share (EPS)

+15% (Q1 2025 Basic EPS: $2.14 vs. Q1 2024: $1.86)

EPS increased by about 15% as a direct result of the improved net income performance, while the weighted average share count did not dilute earnings significantly. This represents a continued positive trend from prior improvements in profitability seen in FY 2024. " "

Operating Cash Flow

+78% (Q1 2025: $41,788K vs. Q1 2024: $23,382K)

Operating Cash Flow surged by 78% due to both boosted net income and favorable working capital adjustments in Q1 2025. This sizable improvement over the previous year’s level reflects efficiency gains as well as the positive effects of earlier asset sales and deferred tax adjustments from FY 2024 that began to impact the cash flow profile. " "

Total Assets

+6.2% (Q1 2025: $8,975M vs. Q1 2024: $8,447M)

Total Assets grew by 6.2%, a trend that continued from the asset growth observed in FY 2024. Increases in loan balances and higher deposit inflows contributed to expanding the asset base, reinforcing strategic developments from the previous year. " "

Total Deposits

+5.6% (Q1 2025: $7,572M vs. Q1 2024: $7,166M)

Total Deposits increased by about 5.6% as a result of growth in both core and brokered deposits. This steady deposit accumulation reflects the bank’s ongoing strategic shift to higher-rate and brokered deposit products, a trend that was already gaining momentum in FY 2024. " "

Total Stockholders’ Equity

+11.3% (Q1 2025: $1,183M vs. Q1 2024: $1,064M)

Total Stockholders’ Equity increased by approximately 11.3%, driven primarily by the robust net income retention and improved comprehensive income measures carried over from FY 2024, despite dividend payouts and modest stock repurchases. The strong profitability previously recorded laid the groundwork for this equity growth. " "

Noninterest Income

–6% (Q1 2025: $18,223K vs. Q1 2024: $19,422K)

Noninterest Income declined around 6% as Q1 2025 figures normalized following the nonrecurring, boost observed in FY 2024 from balance sheet repositioning and other one-time gains. The decrease indicates that fee-based and other noninterest revenues have stabilized at lower levels relative to the previous period’s adjustments. " "