Overview
- Net income reached a company record $475.4 million for 2025, up 18% from 2024.
- Fourth-quarter net income rose 17.5% year over year to $118.2 million, with EPS of $0.60 matching Zacks’ estimate and revenue of $282.1 million topping the $270.2 million forecast.
- Total assets stood at $22.88 billion at year-end, loans increased to a record $15.69 billion, and deposits grew 0.9% quarter over quarter to $17.48 billion.
- Management said the resolution of a Texas lawsuit provided additional income, and the efficiency ratio remained below 40%.
- The company announced a deal to acquire Mountain Commerce BancShares in December, with closing expected in the first half of 2026, and shares closed at $28.61, up 1.96% after the report.