Total Revenue

~6% increase (Q1 2025: $130.964M vs. Q1 2024: $123.45M)

Driven by higher net interest income and strong noninterest income improvements that build on revenue enhancements seen in FY 2024, with underlying factors including continued loan repricing and improved fee-based income. " "

Interest Income

~8% increase ($112.741M vs. $104.03M)

Improvement reflects a better yield mix and sustained benefits from repricing of loans in a favorable interest rate environment, continuing the trends established in the previous period. " "

Loans Segment Revenue

~7.5% increase ($100.666M vs. $93.65M)

Growth was fueled by solid organic loan growth and effective loan repricing strategies that were further advanced from FY 2024, resulting in a higher-yield loan portfolio. " "

Taxable Securities Income

~22% increase ($5.560M vs. $4.56M)

The sharp rise is attributable to increased yields and a strategic shift in investment portfolio mix compared to earlier periods, reflecting enhanced income generation from taxable securities. " "

Tax-exempt Securities Income

~15% decline (down to $1.049M)

A reduction in average balances combined with a strategic shift away from lower-yield instruments led to a decline, consistent with the repositioning trends noted in prior periods. " "

Mortgage Income

~42% increase ($1.926M vs. $1.36M)

Driven by higher secondary market volumes and more favorable gains on sales, this boost continues the positive momentum observed in previous periods’ mortgage performance. " "

Asset Gains

Reversed from +$1.91M to -$0.354M

The swing indicates increased market volatility and changes in asset disposition strategy, a marked contrast to the previous positive gains seen in FY 2024. " "

Net Income

~17% increase ($32,592K vs. $27,790K)

Elevated revenue growth, controlled operating expenses, and a lower effective tax rate—partially influenced by reduced non-core expenses from FY 2024—contributed to this improved profitability. " " "

Basic EPS

~15% increase ($2.14 vs. $1.86)

The rise in Basic EPS mirrors the net income improvement along with effective expense management, building on the operational gains realized in the previous period. " " "

Total Assets

~6.2% increase ($8,975,222K vs. $8,446,662K)

Strengthened by growth in loans, cash balances, and deposits, these gains reflect an ongoing expansion strategy that started in FY 2024. "

Loans, net

~5.5% increase (to $6,678,118K)

Reflects ongoing loan portfolio growth and diversification with stable credit quality, continuing the upward trend observed in FY 2024. "

Total Deposits

~5.7% increase ($7,572,190K vs. prior period)

The increase is driven by enhanced customer deposit relationships and a strategic shift toward interest-bearing products, trends that were developing in the previous period. "

Interest-bearing Deposits

~6.9% increase ($5,883,061K vs. prior period)

Growth resulted from customers shifting funds into higher-rate deposit products like time and brokered deposits, a strategy that had been initiated in FY 2024. "