Overview
- Net income rose 13% year over year to $26.4 million, with EPS of $1.03.
- Net interest margin expanded 34 basis points to 3.50%, lifting net interest income by 14%.
- Loan originations topped $400 million, supported by commercial and industrial lending.
- Noninterest income increased 9% on higher commercial loan fees and wealth advisory fees.
- The CET1 capital ratio was 15.06%, and the company gave no guidance as analysts maintain a hold rating with a $68 median 12‑month target.