Overview
- Net income rose 13% year over year to $26.4 million, with earnings per share of $1.03.
- Net interest margin increased to 3.50%, up 34 basis points from a year earlier, driving a 14% gain in net interest income.
- Loan originations exceeded $400 million, led by commercial and industrial activity that supported growth.
- Noninterest income grew 9% on stronger commercial loan fees and wealth advisory revenue.
- Common equity Tier 1 capital measured 15.06%, and the shares carry an average Hold rating with a $68 median 12‑month target.