Company Reports Nearly $22 Million Net Income for Q1
Reports Q1 core net interest margin on a FTE basis 2.92% vs. 2.92% last quarter. Tangible book value per share was $30.58 at March 31, up 18% vs. March 31, 2025. Reports Q1 common Equity Tier 1 ratio of 12.01%, a Tier 1 risk-based ratio of 13.32%, a total risk-based ratio of 14.27%, and a Tier 1 leverage ratio of 9.43%. "Our reported net income of nearly $22 million for the first quarter reflects the benefits of the acquisition we completed last year, including our ability to efficiently scale the combined organization and accelerate our strategy to grow and strengthen our franchise," said CEO Simon Griffiths. "We delivered solid performance in the first quarter through strong asset quality, expense management and deposit growth. Looking ahead, we remain focused on sustained growth and disciplined execution as we continue to meet our customers' evolving needs through advice-based conversations."
