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GlobeNewswire·

Endeavor Bancorp Reports Net Income of $1.7 Million for the Fourth Quarter of 2025; Highlighted by NIM Expansion

EDVR
  • Endeavor Bancorp reported Q4 2025 net income of $1.70 million ($0.45 per diluted share), down slightly from $1.73 million in Q3 2025 but up from $1.08 million in Q4 2024.
  • Total interest income remained flat at $12.2 million quarter-over-quarter, while total interest expenses decreased by $403,000, driving a 5.2% increase in net interest income to $8.1 million.
  • Net interest margin expanded 13 basis points to 4.22% in Q4 2025, with the cost of funds decreasing to 2.26% and the yield on earning assets falling to 6.35% due to Federal Reserve rate cuts.
  • Non-interest income rose 32.8% to $532,000, primarily driven by income from SBA loan sales, while non-interest expense increased 6.2% to $5.6 million due to strategic staff investments.
  • Core pre-tax earnings reached $3.06 million in Q4 2025, a 7.1% increase from the prior quarter, while the efficiency ratio improved to 65.7% from 71.2% a year ago.
  • Provision for credit losses increased to $664,000 in Q4 2025 from $396,000 in Q3 2025, with net charge-offs totaling $197,000.
  • Total assets grew 1.4% to $770.6 million, with total loans increasing 1.7% to $643.4 million and total deposits rising 0.7% to $682.7 million.
  • Non-performing loans decreased to 0.17% of the loan portfolio, while shareholders' equity increased to $53.1 million \& tangible book value per share rose to $14.68.
  • The company maintained strong capital ratios, including a Tier 1 leverage ratio of 10.24% \& a Total risk-based capital ratio of 11.61%, both well above regulatory minimums.
  • Reciprocal deposits classified as brokered totaled $110.4 million, while wholesale deposits excluding reciprocal deposits stood at $35.3 million, representing 5.2% of total deposits.
  • For the full year 2025, total net income increased 90.2% to $5.9 million compared to $3.2 million in 2024.