Oak Ridge Financial Services, Inc. Announces Second Quarter 2025 Results and Quarterly Cash Dividend of $0.14 Per Share
Oak Ridge Financial Services (OTCPink: BKOR) reported strong Q2 2025 financial results, with diluted EPS of $0.81, up from $0.57 in Q1 2025 and $0.46 in Q2 2024. The company demonstrated robust performance with a 14.13% return on average equity and improved net interest margin of 4.16%. Total loans increased to $537.5 million, up 8.8% year-over-year, while deposits grew to $547.5 million, a 7.7% increase from Q2 2024.
The bank's efficiency ratio improved significantly to 59.1%, though nonperforming assets increased to 0.73% due to eight SBA loans. The Board declared a quarterly cash dividend of $0.14 per share, payable on September 3, 2025. Net interest income rose to $6.8 million, with noninterest income reaching $1.2 million, boosted by a $329,000 gain from SBA loan sales.
Oak Ridge Financial Services (OTCPink: BKOR) ha riportato solidi risultati finanziari per il secondo trimestre del 2025, con un utile per azione diluito di 0,81 $, in aumento rispetto a 0,57 $ nel primo trimestre 2025 e 0,46 $ nel secondo trimestre 2024. L'azienda ha mostrato una performance robusta con un rendimento sul capitale medio del 14,13% e un margine di interesse netto migliorato al 4,16%. I prestiti totali sono saliti a 537,5 milioni di dollari, con un incremento dell'8,8% su base annua, mentre i depositi sono cresciuti a 547,5 milioni di dollari, segnando un aumento del 7,7% rispetto al secondo trimestre 2024.
Il rapporto di efficienza della banca è migliorato significativamente, attestandosi al 59,1%, sebbene gli asset non performanti siano aumentati allo 0,73% a causa di otto prestiti SBA. Il Consiglio ha dichiarato un dividendo trimestrale in contanti di 0,14 $ per azione, pagabile il 3 settembre 2025. Il reddito da interessi netti è salito a 6,8 milioni di dollari, mentre il reddito non da interessi ha raggiunto 1,2 milioni di dollari, sostenuto da un guadagno di 329.000 $ derivante dalla vendita di prestiti SBA.
Oak Ridge Financial Services (OTCPink: BKOR) reportó sólidos resultados financieros en el segundo trimestre de 2025, con un beneficio diluido por acción de 0,81 $, superior a los 0,57 $ del primer trimestre de 2025 y 0,46 $ del segundo trimestre de 2024. La compañía mostró un desempeño robusto con un retorno sobre el patrimonio promedio del 14,13% y un margen neto de interés mejorado del 4,16%. Los préstamos totales aumentaron a 537,5 millones de dólares, un 8,8% más interanual, mientras que los depósitos crecieron a 547,5 millones de dólares, un incremento del 7,7% respecto al segundo trimestre de 2024.
La eficiencia del banco mejoró significativamente hasta el 59,1%, aunque los activos improductivos aumentaron al 0,73% debido a ocho préstamos SBA. La Junta declaró un dividendo trimestral en efectivo de 0,14 $ por acción, pagadero el 3 de septiembre de 2025. Los ingresos netos por intereses subieron a 6,8 millones de dólares, con ingresos no relacionados con intereses alcanzando 1,2 millones, impulsados por una ganancia de 329.000 $ por la venta de préstamos SBA.
Oak Ridge Financial Services (OTCPink: BKOR)는 2025년 2분기 강력한 재무 실적을 보고했으며, 희석 주당순이익(EPS)은 0.81달러로 2025년 1분기의 0.57달러와 2024년 2분기의 0.46달러에서 증가했습니다. 회사는 평균 자기자본 수익률 14.13%과 개선된 순이자마진 4.16%로 견고한 성과를 보였습니다. 총 대출금은 5억 3,750만 달러로 전년 동기 대비 8.8% 증가했으며, 예금은 5억 4,750만 달러로 2024년 2분기 대비 7.7% 성장했습니다.
은행의 효율성 비율은 59.1%로 크게 개선되었으나, SBA 대출 8건으로 인해 부실 자산 비율은 0.73%로 상승했습니다. 이사회는 주당 0.14달러의 분기 현금 배당금을 선언했으며, 지급일은 2025년 9월 3일입니다. 순이자 수익은 680만 달러로 증가했고, 비이자 수익은 SBA 대출 매각에서 발생한 32만 9,000달러의 이익 덕분에 120만 달러에 달했습니다.
Oak Ridge Financial Services (OTCPink : BKOR) a publié de solides résultats financiers pour le deuxième trimestre 2025, avec un bénéfice par action dilué de 0,81 $, en hausse par rapport à 0,57 $ au premier trimestre 2025 et 0,46 $ au deuxième trimestre 2024. La société a démontré une performance robuste avec un rendement moyen des capitaux propres de 14,13% et une marge nette d'intérêt améliorée à 4,16%. Les prêts totaux ont augmenté pour atteindre 537,5 millions de dollars, soit une hausse de 8,8% en glissement annuel, tandis que les dépôts ont progressé à 547,5 millions de dollars, une augmentation de 7,7% par rapport au deuxième trimestre 2024.
Le ratio d'efficacité de la banque s'est nettement amélioré à 59,1%, bien que les actifs non performants aient augmenté à 0,73% en raison de huit prêts SBA. Le conseil d'administration a déclaré un dividende trimestriel en espèces de 0,14 $ par action, payable le 3 septembre 2025. Le revenu net d'intérêts a augmenté à 6,8 millions de dollars, tandis que les revenus hors intérêts ont atteint 1,2 million de dollars, soutenus par un gain de 329 000 $ provenant de la vente de prêts SBA.
Oak Ridge Financial Services (OTCPink: BKOR) meldete starke Finanzergebnisse für das zweite Quartal 2025 mit einem verwässerten Gewinn je Aktie von 0,81 $, gegenüber 0,57 $ im ersten Quartal 2025 und 0,46 $ im zweiten Quartal 2024. Das Unternehmen zeigte eine robuste Leistung mit einer Rendite auf das durchschnittliche Eigenkapital von 14,13% und einer verbesserten Nettomarge von 4,16%. Die Gesamtkredite stiegen auf 537,5 Millionen Dollar, ein Plus von 8,8% im Jahresvergleich, während die Einlagen auf 547,5 Millionen Dollar wuchsen, eine Steigerung von 7,7% gegenüber dem zweiten Quartal 2024.
Die Effizienzquote der Bank verbesserte sich deutlich auf 59,1%, obwohl sich die notleidenden Vermögenswerte aufgrund von acht SBA-Darlehen auf 0,73% erhöhten. Der Vorstand erklärte eine quartalsweise Bardividende von 0,14 $ pro Aktie, zahlbar am 3. September 2025. Das Nettozinsergebnis stieg auf 6,8 Millionen Dollar, während die nicht zinserträge 1,2 Millionen Dollar erreichten, unterstützt durch einen Gewinn von 329.000 $ aus dem Verkauf von SBA-Darlehen.
- Diluted EPS increased 76% year-over-year to $0.81
- Return on average equity improved to 14.13% from 8.57% year-over-year
- Net interest margin expanded to 4.16%, up from 3.81% in Q2 2024
- Efficiency ratio improved significantly to 59.1% from 70.0% year-over-year
- Total loans grew 8.8% year-over-year to $537.5 million
- Total deposits increased 7.7% year-over-year to $547.5 million
- Net interest income grew 16.0% year-over-year to $6.8 million
- Nonperforming assets increased to 0.73% from 0.08% year-over-year
- Securities portfolio decreased 5.7% year-over-year to $97.1 million
- Provision for credit losses increased to $402,000 from $322,000 in Q2 2024
OAK RIDGE, N.C., Aug. 04, 2025 (GLOBE NEWSWIRE) -- Oak Ridge Financial Services, Inc. (“Oak Ridge”; or the “Company”) (OTCPink: BKOR), the parent company of Bank of Oak Ridge (the “Bank”), today announced unaudited financial results for the second quarter of 2025.
Financial Highlights for the Quarter Ended June 30, 2025
- Earnings per share (diluted):
$0.81 , up from$0.57 for the prior quarter and$0.46 for the second quarter of 2024. - Return on average equity (Annualized):
14.13% , up from10.04% for the prior quarter and8.57% for the second quarter of 2024. - Tangible book value per common share:
$24.04 as of period end, up from$23.41 at the end of the prior quarter and$21.95 at the end of the comparable period in 2024. - Net interest margin (Annualized):
4.16% , up from3.97% for the prior quarter and3.81% for the second quarter of 2024. - Efficiency ratio:
59.1% , a significant improvement from66.8% for the prior quarter and70.0% for the comparable period in 2024. - Total loans receivable:
$537.5 million at June 30, 2025, an increase of1.7% from$528.5 million at March 31, 2025 and an increase of8.8% from$494.0 million at June 30, 2024. - Nonperforming assets to total assets:
0.73% at June 30, 2025, compared to0.67% at March 31, 2025 and an increase from0.08% at June 30, 2024. The increase in nonperforming assets is due to the guaranteed and nonguaranteed balances of eight Small Business Administration (“SBA”) 7(a) loans that moved to nonaccrual status since June 30, 2024. The balances as of June 30, 2025, of the portion of SBA nonperforming loans guaranteed and unguaranteed by the SBA were$3.5 million and$990,000 , respectively. - Securities available-for-sale and held-to maturity:
$97.1 million at June 30, 2025, a decrease of1.8% from$98.9 million at March 31, 2025 and a decrease of5.7% from$103.0 million at June 30, 2024. - Total deposits:
$547.5 million at June 30, 2025, an increase of0.9% from$542.5 million at March 31, 2025 and an increase of7.7% from$508.2 million at June 30, 2024. - Total short- and long-term borrowings, junior subordinated notes, and subordinated debentures:
$52.2 million at June 30, 2025, a decrease of12.6% from$59.7 million at March 31, 2025 and a decrease of25.6% from$70.2 million at June 30, 2024. - Total stockholders’ equity:
$66.0 million at June 30, 2025, an increase of2.6% from$64.3 million at March 31, 2025 and an increase of8.9% from$60.6 million at June 30, 2024.
Management Commentary
Tom Wayne, Chief Executive Officer, reported, “Earnings in the second quarter of 2025 were up significantly from both the prior quarter and the second quarter of 2024. It is fitting that we achieved such strong results in our 25th year as a community bank. This was primarily due to strong net interest income growth of
Dividend Announcement
A quarterly cash dividend of
Financial Review
Net Interest Income
For the three months ended June 30, 2025, net interest income was
For the six months ended June 30, 2025, net interest income was
Provision for Credit Losses
The Bank recorded a provision for credit losses of
Noninterest Income
For the three months ended June 30, 2025, noninterest income totaled
For the six months ended June 30, 2025, noninterest income was
Noninterest Expense
Noninterest expense was
For the six months ended June 30, 2025, noninterest expense totaled
About Oak Ridge Financial Services, Inc., and Bank of Oak Ridge
As the Triad’s employee-owned community bank, Bank of Oak Ridge delivers Spectacularly Local banking with a personal touch. Rooted in our community, we live by our promise that You Matter Here – our local decision-makers know you by name, and our team provides personalized, 5-star client service tailored to your unique needs. Complementing this commitment, we offer modern tools and technology to make your banking experience easy, safe, and convenient. Whether you’re seeking a new banking partner or expanding your financial relationships, we make switching simple and seamless.
Connect with us by phone at 336.644.9944, on our website at BankofOakRidge.com or by visiting one of our convenient locations in Greensboro, High Point, Oak Ridge, and Summerfield.
Bank of Oak Ridge is a member of the FDIC and an Equal Housing Lender.
Awards & Recognitions | Best Bank in the Triad | Triad’s Top Workplace Finalist | 2016 Better Business Bureau Torch Award for Business Ethics | Triad’s Healthiest Employer Winner
Banking for Business & Personal | Mobile & Online Banking | Worldwide ATM | Debit, Credit + Rewards | Checking, Savings & Money Market | Loans + SBA | Mortgage | Insurance | Wealth Management
Let’s Talk | 336.644.9944 | www.BankofOakRidge.com | Extended Interactive Teller Machine Hours at all Triad Locations
Forward-looking Information This earnings release contains certain forward-looking statements with respect to the financial condition, results of operations and business of the Company. These forward-looking statements involve risks and uncertainties and are based on the beliefs and assumptions of the management of the Company and on the information available to management at the time that these disclosures were prepared. These statements can be identified by the use of the words “expect,” “anticipate,” “estimate” and “believe,” variations of these words and other similar expressions. Readers should not place undue reliance on forward-looking statements as a number of important factors could cause actual results to differ materially from those in the forward-looking statements. Factors that could cause actual results to differ materially include, but are not limited to, (1) competition in the Company’s markets, (2) changes in the interest rate environment, (3) general national, regional or local economic conditions may be less favorable than expected, resulting in, among other things, a deterioration in credit quality and the possible impairment of collectability of loans, (4) legislative or regulatory changes, including changes in accounting standards, (5) significant changes in the federal and state legal and regulatory environment and tax laws, and (6) the impact of changes in monetary and fiscal policies, laws, rules and regulations. The Company undertakes no obligation to update any forward-looking statements.
| OAK RIDGE FINANCIAL SERVICES, INC. | |||||||||||
| CONSOLIDATED BALANCE SHEETS | |||||||||||
| (Dollars in thousands, except share data) | |||||||||||
| June 30, | December 31, | June 30, | |||||||||
| 2025 | 2024 | 2024 | |||||||||
| ASSETS | (unaudited) | (audited) | (unaudited) | ||||||||
| Cash and due from banks | $ | 8,970 | $ | 8,075 | $ | 8,084 | |||||
| Interest-bearing deposits with banks | 9,422 | 13,102 | 19,457 | ||||||||
| Total cash and cash equivalents | 18,392 | 21,177 | 27,541 | ||||||||
| Securities available-for-sale | 78,438 | 85,714 | 84,342 | ||||||||
| Securities held-to-maturity, net of allowance for credit losses | 18,647 | 18,662 | 18,685 | ||||||||
| Restricted stock, at cost | 3,383 | 3,439 | 4,002 | ||||||||
| Loans receivable | 537,451 | 514,292 | 493,960 | ||||||||
| Allowance for credit losses | (5,921 | ) | (5,388 | ) | (5,230 | ) | |||||
| Net loans receivable | 531,530 | 508,904 | 488,730 | ||||||||
| Property and equipment, net | 8,747 | 8,664 | 8,721 | ||||||||
| Accrued interest receivable | 3,582 | 3,135 | 2,952 | ||||||||
| Bank owned life insurance | 6,312 | 6,268 | 6,222 | ||||||||
| Right-of-use assets – operating leases | 2,486 | 2,166 | 2,318 | ||||||||
| Other assets | 5,516 | 5,553 | 5,310 | ||||||||
| Total assets | $ | 677,033 | $ | 663,682 | $ | 648,823 | |||||
| LIABILITIES | |||||||||||
| Noninterest-bearing deposits | $ | 131,805 | $ | 119,851 | $ | 106,494 | |||||
| Interest-bearing deposits | 415,664 | 411,464 | 401,678 | ||||||||
| Total deposits | 547,469 | 531,315 | 508,172 | ||||||||
| Federal Funds purchased | 991 | 1,725 | - | ||||||||
| Short-term borrowings | 24,000 | 18,000 | 40,000 | ||||||||
| Long-term borrowings | 14,000 | 22,000 | 12,000 | ||||||||
| Junior subordinated notes – trust preferred securities | 8,248 | 8,248 | 8,248 | ||||||||
| Subordinated debentures, net of discount | 6,000 | 9,983 | 9,963 | ||||||||
| Lease liabilities – operating leases | 2,486 | 2,166 | 2,318 | ||||||||
| Accrued interest payable | 716 | 709 | 795 | ||||||||
| Other liabilities | 7,077 | 6,546 | 6,711 | ||||||||
| Total liabilities | 610,987 | 600,692 | 588,207 | ||||||||
| STOCKHOLDERS' EQUITY | |||||||||||
| Common stock | 27,043 | 26,733 | 26,977 | ||||||||
| Retained earnings | 40,413 | 37,771 | 35,403 | ||||||||
| Net unrealized loss on debt securities, net of tax | (1,180 | ) | (1,771 | ) | (2,051 | ) | |||||
| Net unrealized loss on hedging derivative instruments, net of tax | (230 | ) | 257 | 287 | |||||||
| Total accumulated other comprehensive loss | (1,410 | ) | (1,514 | ) | (1,764 | ) | |||||
| Total stockholders’ equity | 66,046 | 62,990 | 60,616 | ||||||||
| Total liabilities and stockholders’ equity | $ | 677,033 | $ | 663,682 | $ | 648,823 | |||||
| Common shares outstanding | 2,747,170 | 2,736,770 | 2,761,870 | ||||||||
| Common shares authorized | 50,000,000 | 50,000,000 | 50,000,000 | ||||||||
| OAK RIDGE FINANCIAL SERVICES, INC. | ||||||||||||||
| CONSOLIDATED STATEMENTS OF INCOME | ||||||||||||||
| (Dollars in thousands, except share data) | ||||||||||||||
| Three Months Ended | Six month ended | |||||||||||||
| June 30, | March 31, | June 30, | June 30, | June 30, | ||||||||||
| 2025 | 2025 | 2024 | 2025 | 2024 | ||||||||||
| Interest and dividend income: | ||||||||||||||
| Loans and fees on loans | $ | 8,726 | $ | 8,276 | $ | 7,663 | $ | 17,002 | $ | 14,894 | ||||
| Interest on deposits in banks | 199 | 166 | 244 | 365 | 395 | |||||||||
| Restricted stock dividends | 63 | 49 | 64 | 112 | 109 | |||||||||
| Interest on investment securities | 1,224 | 1,282 | 1,453 | 2,506 | 2,897 | |||||||||
| Total interest and dividend income | 10,212 | 9,773 | 9,424 | 19,985 | 18,295 | |||||||||
| Interest expense | ||||||||||||||
| Deposits | 2,684 | 2,714 | 2,460 | 5,398 | 4,811 | |||||||||
| Short-term and long-term debt | 759 | 767 | 1,130 | 1,526 | 2,030 | |||||||||
| Total interest expense | 3,443 | 3,481 | 3,590 | 6,924 | 6,841 | |||||||||
| Net interest income | 6,769 | 6,292 | 5,834 | 13,061 | 11,454 | |||||||||
| Provision for credit losses | 402 | 304 | 322 | 706 | 587 | |||||||||
| Net interest income after provision for credit losses | 6,367 | 5,988 | 5,512 | 12,355 | 10,867 | |||||||||
| Noninterest income: | ||||||||||||||
| Service charges on deposit accounts | 229 | 227 | 198 | 456 | 371 | |||||||||
| Gain (loss) on sale of securities | 42 | - | - | 42 | - | |||||||||
| Insurance commissions | 188 | 150 | 125 | 339 | 260 | |||||||||
| Gain on sale of Small Business Administration loans | 329 | - | - | 329 | - | |||||||||
| Debit and credit card interchange income | 297 | 272 | 309 | 568 | 597 | |||||||||
| Income from Small Business Investment Company | 15 | - | 22 | 15 | 100 | |||||||||
| Income earned on bank owned life insurance | 22 | 22 | 22 | 44 | 44 | |||||||||
| Other Service Charges and Fees | 127 | 88 | 87 | 215 | 185 | |||||||||
| Total noninterest income | 1,249 | 759 | 763 | 2,008 | 1,557 | |||||||||
| Noninterest expenses: | ||||||||||||||
| Salaries | 2,423 | 2,354 | 2,311 | 4,777 | 4,477 | |||||||||
| Employee Benefits | 367 | 335 | 302 | 702 | 614 | |||||||||
| Occupancy | 271 | 300 | 351 | 572 | 646 | |||||||||
| Equipment | 209 | 164 | 155 | 373 | 318 | |||||||||
| Data and Item Processing | 436 | 615 | 526 | 1,050 | 1,046 | |||||||||
| Professional & Advertising | 220 | 219 | 305 | 439 | 619 | |||||||||
| Stationary and Supplies | 29 | 31 | 45 | 60 | 77 | |||||||||
| Telecommunications | 101 | 80 | 63 | 180 | 142 | |||||||||
| FDIC Assessment | 120 | 120 | 111 | 240 | 225 | |||||||||
| Other expense | 560 | 491 | 448 | 1,052 | 831 | |||||||||
| Total noninterest expenses | 4,736 | 4,709 | 4,617 | 9,445 | 8,995 | |||||||||
| Income before income taxes | 2,880 | 2,038 | 1,658 | 4,918 | 3,429 | |||||||||
| Income tax expense | 644 | 469 | 382 | 1,113 | 784 | |||||||||
| Net income and income available to common shareholders | $ | 2,236 | $ | 1,569 | $ | 1,276 | $ | 3,805 | $ | 2,645 | ||||
| Basic income per common share | $ | 0.81 | $ | 0.57 | $ | 0.46 | $ | 1.39 | $ | 0.96 | ||||
| Diluted income per common share | $ | 0.81 | $ | 0.57 | $ | 0.46 | $ | 1.39 | $ | 0.96 | ||||
| Basic weighted average shares outstanding | 2,747,170 | 2,761,870 | 2,761,870 | 2,747,170 | 2,752,741 | |||||||||
| Diluted weighted average shares outstanding | 2,747,170 | 2,761,870 | 2,761,870 | 2,747,170 | 2,752,741 | |||||||||
| OAK RIDGE FINANCIAL SERVICES, INC. | |||||||||||||||||||
| Selected Financial Data | |||||||||||||||||||
| As Of Or For The Three Months Ended, | |||||||||||||||||||
| June 30, | March 31, | December 31, | September 30, | June 30, | |||||||||||||||
| 2025 | 2025 | 2024 | 2024 | 2024 | |||||||||||||||
| Return on average common stockholders' equity1 | 14.13 | % | 10.04 | % | 9.63 | % | 9.56 | % | 8.57 | % | |||||||||
| Tangible book value per share | $ | 24.04 | $ | 23.41 | $ | 23.02 | $ | 22.78 | $ | 21.95 | |||||||||
| Return on average assets1 | 1.32 | % | 0.95 | % | 0.91 | % | 0.91 | % | 0.80 | % | |||||||||
| Net interest margin1 | 4.16 | % | 3.97 | % | 3.92 | % | 3.81 | % | 3.81 | % | |||||||||
| Efficiency ratio | 59.1 | % | 66.8 | % | 64.6 | % | 67.9 | % | 70.0 | % | |||||||||
| Nonperforming assets to total assets | 0.73 | % | 0.67 | % | 0.53 | % | 0.45 | % | 0.08 | % | |||||||||
| Allowance for credit losses to total loans | 1.10 | % | 1.05 | % | 1.05 | % | 1.06 | % | 1.06 | % | |||||||||
| 1Annualized | |||||||||||||||||||
Contact: Skylar Mearing, Marketing Director
Phone: 336.662.4840
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