Q1 2025 Earnings Summary
Metric | YoY Change | Reason |
---|---|---|
Total Revenue | +8.2% (from $39.655M to $42.902M) | Total Revenue increased by 8.2% YoY, driven by concurrent gains in interest income and noninterest income. The improvement builds on prior period trends—such as higher loan yields and disciplined credit management impacting interest income, combined with strong fee‐based income performance boosting noninterest income. |
Interest Income | +7.6% (from $37.937M to $40.801M) | Interest Income rose by 7.6% YoY, continuing the trend seen in previous periods. The increase was largely due to enhanced yields and growing loan volumes—factors previously observed when yields improved on loans and interest-earning assets, thus supporting further growth in Q1 2025. |
Noninterest Income | +22% (from $1.718M to $2.101M) | Noninterest Income surged by 22% YoY, primarily propelled by a significant increase in service and loan fee income. This robust rise offset declines in other areas such as gains on mortgage loan sales, marking an acceleration compared to the relatively moderate increases seen in earlier periods. |