Company Reports Q1 Revenue of $188.9M Exceeding Expectations
Reports Q1 revenue $188.9M, consensus $169.69M. Tangible book value per common share5 was $41.38 at March 31, 2026. The Company's common equity tier 1 ratio and total risk-based capital ratio were 11.7% and 13.9%, respectively, at March 31, 2026. "Our first quarter results demonstrated a stable net interest margin, improved credit quality, along with a strong balance sheet," said Jim Lally, President and Chief Executive Officer. "With a 1.16% return on average assets, we continued to return capital to stockholders through an increased dividend and share repurchases. These fundamentally sound results represent a solid start to 2026, even accounting for seasonal loan and deposit trends. Given our capital strength and diversified model, we remain optimistic about the opportunities ahead in our markets."
