Total Revenue

14.7% decline: Q1 2025 at $130.123M vs. Q1 2024 at $152.84M

Despite higher net interest income, overall revenue fell because noninterest income components (e.g., fee-related revenues or other operating income) likely weakened relative to the prior period, shifting the revenue mix. This decline suggests that even with improvements in loan yields, the loss of other income streams had a significant impact. " " "

Net Interest Income

9.2% increase: $104.377M in Q1 2025 vs. $95.62M in Q1 2024

Growth was driven by higher loan balances (up 4.7%) and improved loan yields, which boosted interest income; moreover, reduced interest expense from better cost management on deposits further supported this increase. " " "

Provision for Credit Losses

Approximately 65% decrease: $756K in Q1 2025 vs. $2,180K in Q1 2024

A sharp decline in credit loss provisions reflects improved credit quality and fewer net charge-offs compared to the previous period, resulting in significantly lower reserve requirements and reduced expense. " "

Net Income

Nearly 20% increase: $42.157M in Q1 2025 vs. $35.204M in Q1 2024

Higher net income resulted from the enhanced net interest income and the marked reduction in credit loss provisions, combined with likely operational efficiencies that offset the revenue mix shift seen in total revenue. " "

Operating Cash Provided by Operating Activities

9% increase: $37,860K in Q1 2025 vs. $34,654K in Q1 2024

The improvement in operating cash flows is largely attributable to higher net income and favorable working capital changes, even though total revenue declined, demonstrating stronger cash generation relative to the cost base. " "

Loans

4.7% increase: 7,883,735K in Q1 2025

Loan growth was propelled by robust commercial and residential lending trends that continued from previous periods, supporting an upward expansion in the loan portfolio while maintaining a stable credit profile. " "

Liquidity (Cash and Cash Equivalents)

22% decline: $237,614K in Q1 2025 vs. $306,081K in Q1 2024

The decline in liquidity reflects strategic decisions to allocate more funds toward loan growth and other investments, along with higher funding outflows; this reduction in cash holdings contrasts with prior periods and indicates a shift in balance sheet management priorities. " "