Welcome to our dedicated page for Cib Marine Bancshares news (Ticker: CIBH), a resource for investors and traders seeking the latest updates and insights on Cib Marine Bancshares stock.
CIB Marine Bancshares, Inc. (CIBH) is the holding company for CIBM Bank, a commercial banking institution that reports detailed financial and operating results through regular public announcements. Its news flow centers on earnings releases, capital actions, and developments at both the Banking Division and Mortgage Division levels.
On this page, readers can follow CIB Marine’s quarterly and annual earnings releases, which discuss net interest income, net interest margin, cost of funds, loan and deposit balances, and asset quality ratios. The company’s reports also highlight performance by division, including Banking Division net income and Mortgage Division results, along with commentary on expense controls and staffing changes.
News items also cover capital structure decisions, such as the full and final redemption of all Series A and Series B preferred stock and the authorization and expansion of common stock repurchase programs. These announcements explain how redemptions and repurchases affect the company’s equity structure and provide context on funding sources, including distributions from subsidiaries and subordinated debt.
In addition, CIB Marine’s releases describe asset quality trends, including non-performing assets and non-accrual loans, and discuss how economic forecasts and qualitative factors influence the allowance for credit losses on loans. Forward-looking statements sections outline key risks, including regulatory, credit, market, and economic factors that may affect future results.
Investors and analysts who follow commercial banking and regional financial institutions can use this news feed to review CIB Marine’s ongoing disclosures about its banking offices, mortgage operations, and capital planning. Returning to this page provides a consolidated view of the company’s historical announcements and financial updates.
CIB Marine Bancshares (OTCQX: CIBH) reported unaudited 2025 results for the year ended December 31, 2025. Net income allocated to common shareholders was $1.6 million, or $1.19 basic and $1.15 diluted EPS, down from $2.5 million in 2024. Net interest margin improved to 2.72% for the year (2.81% in Q4), driven by a 52-basis-point reduction in cost of funds while earning-asset yields fell 12 basis points. Provisions for credit losses were $1.1 million for 2025 (Q4 provision $1.2M), and net charge-offs rose to 0.20% for the year. Nonperforming assets were 1.04% of total assets and non-accrual loans 1.31% of loans as of 12/31/2025. An expanded share repurchase program authorizes up to $2.5 million through 12/31/2026.
CIB Marine Bancshares (OTCQX: CIBH) extended and expanded its common stock repurchase program on Nov 3, 2025. The Board authorized an increase in the total repurchase cap from $1.0 million to $2.5 million and extended the program through Dec 31, 2026. To date the company has repurchased approximately $876,000 under the program.
Repurchases may occur in the open market or via privately negotiated transactions and remain subject to market conditions, regulatory requirements, and company discretion. The company said the move reflects confidence in its financial strength while maintaining regulatory capital.
CIB Marine Bancshares (OTCQX: CIBH) reported unaudited results for Q3 2025 and nine months ended Sept 30, 2025. Q3 net income was $0.9M ($0.68 basic, $0.65 diluted); 9-month net income was $1.9M ($1.41 basic, $1.37 diluted). Net interest margin rose to 2.78% in Q3 and 2.69% for nine months. Average loan balances fell by about $56M, limiting NII growth despite margin gains. Allowance for credit losses to loans increased to 1.33%. Nonperforming assets were 0.75% of assets and nonaccrual loans 0.95% of loans. The company authorized a $1M buyback program; $667,558 repurchased YTD.
CIB Marine Bancshares (OTCQX:CIBH) reported Q2 2025 net income of $0.7 million, or $0.50 basic and $0.48 diluted EPS, up from $0.5 million in Q2 2024. Key highlights include improved net interest margin to 2.69% from 2.38% year-over-year, and a 51 basis point decline in cost of funds.
The company's loan portfolio decreased by $19 million from Q1 2025, while the allowance for credit losses increased to 1.32%. Non-performing assets rose to 1.85% of total assets, primarily due to two commercial loans. The Banking Division reported net income of $1.6 million for H1 2025, while the Mortgage Division posted a $0.1 million loss.
Under its 2025 share buyback program, CIBH repurchased 8,083 shares in Q2 at an average price of $32.37, with plans to complete the $1 million program in H2 2025.
CIB Marine Bancshares (CIBH) reported Q1 2025 net income of $0.3 million, or $0.24 basic and $0.23 diluted earnings per share, up from $0.2 million in Q1 2024. Key highlights include:
- Net interest margin improved to 2.62% from 2.29% in Q1 2024
- Net interest income increased by $0.3 million year-over-year
- Quarter-end loan balances declined by $12 million from Q4 2024
- Allowance for credit losses to loans rose to 1.29% from 1.26%
The Banking Division earned $0.8 million, while the Mortgage Division posted a $0.2 million loss. The company launched a $1 million share repurchase program, buying back 7,429 shares at $31.65 per share in Q1. Tangible book value per share increased to $58.46 as of March 31, 2025.
CIB Marine Bancshares (OTCQX: CIBH) has announced its Board of Directors has authorized a $1 million share repurchase program for 2025, marking the company's first common stock buyback since completing its preferred stock repurchase in 2024.
The repurchases are set to begin in Q1 2025 and will be conducted through open market or private transactions. The timing and volume of purchases will be determined by various factors including market conditions, trading prices, and the company's financial performance.
The program is discretionary and doesn't obligate CIBH to purchase a specific amount within any timeframe. The Board will evaluate repurchase conditions quarterly to determine terms and conditions. President and CEO Brian Chaffin highlighted this initiative as building on 2024's momentum and expanding shareholder value opportunities.
CIB Marine Bancshares (OTCQX: CIBH) reported improved financial results for 2024, with net income allocated to common shareholders reaching $5.8 million ($4.32 basic EPS), compared to $0.9 million ($0.66 basic EPS) in 2023. Excluding a non-recurring sale-leaseback transaction gain, net income was $2.5 million ($1.87 basic EPS).
Key highlights include: net interest margin improvement from 2.29% in Q1 to 2.44% in Q4 2024, completion of preferred stock redemption, and improved Mortgage Division performance. However, loan portfolio balances decreased by $25 million and deposits declined by $35 million over the year. The Banking Division reported net income of $6.5 million (or $3.2 million excluding sale-leaseback gain), up from $2.3 million in 2023.
Non-performing assets ratios increased slightly to 0.98% from 0.90% year-over-year, primarily due to three non-accrual credit relationships in the transportation industry.
CIB Marine Bancshares (OTCQX: CIBH) has completed a $13.4 million full redemption of all its preferred stock at $825 per share, effective October 31, 2024. The company transferred the funds to its redemption agent, Computershare Trust Company. This strategic move aims to provide liquidity to preferred shareholders while creating value for common shareholders. Preferred shareholders who haven't yet tendered their shares are encouraged to do so. The company operates through CIBM Bank, which has nine banking offices and mortgage loan officers across ten states.
CIB Marine Bancshares, Inc. (OTCQX: CIBH) reported its Q3 2024 results, showing improved earnings. Net income for the quarter was $1.1 million ($0.79 basic and $0.59 diluted EPS), up from $0.4 million in Q3 2023. For the nine months ended September 30, 2024, net income was $5.0 million. Key highlights include:
- Net interest income increased $0.4 million from the previous quarter
- Net interest margin improved to 2.55%
- Loan portfolio balances decreased $12 million over the quarter
- Deposits decreased $22 million for the quarter
- Non-performing assets to total assets ratio increased to 1.25%
The company plans to complete the final redemption of all remaining preferred stock on October 31, 2024. CIB Marine's President and CEO, J. Brian Chaffin, noted improvements in cost of funds and net interest margins, and highlighted the positive impact of targeted expense controls implemented in late 2023 and early 2024.
CIB Marine Bancshares, Inc. (OTCQX: CIBH) has announced the full and final redemption of all preferred stock effective October 31, 2024. Approximately 14,633 Series A Preferred shares and 1,610 Series B Preferred shares will be redeemed at $825 per share, totaling a $13.4 million redemption. This will be funded by cash on hand from various sources, including a distribution from CIBM Bank and CIB Marine Capital, , and a portion of the $10 million subordinated debt offering from Q1 2022.
The redemption price is below both the balance sheet carrying value of $850 per share and the liquidation preference value of $1,000 per share. This move simplifies the Company's capital structure to only common stock with full voting rights, potentially increasing shareholder value and eliminating dilutive convertible Series B shares.
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