Cornerstone Bancorp, Inc. Quarterly Report - June 30, 2025
Cornerstone Bancorp (CNBP) reported strong Q2 2025 financial results, with consolidated net income reaching $2.8 million ($2.81 per diluted share), up from $2.0 million ($2.05 per diluted share) in Q2 2024. The bank's net interest margin improved to 3.65% from 3.27% year-over-year.
Total assets grew to $1.0 billion, a 1.4% increase from the previous year. The loan portfolio expanded by 7.2% to $686.1 million, while deposits increased 0.7% to $891.6 million. The bank maintains a strong capital position with a Tier 1 Leverage Capital Ratio of 10.32%. Trust and wealth management assets rose to $1.06 billion, showing significant growth from $975.9 million a year earlier.
Cornerstone Bancorp (CNBP) ha riportato solidi risultati finanziari per il secondo trimestre del 2025, con un utile netto consolidato che ha raggiunto 2,8 milioni di dollari (2,81 dollari per azione diluita), in aumento rispetto ai 2,0 milioni di dollari (2,05 dollari per azione diluita) del secondo trimestre 2024. Il margine di interesse netto della banca è migliorato al 3,65% rispetto al 3,27% dell'anno precedente.
Il totale degli attivi è cresciuto fino a 1,0 miliardo di dollari, con un incremento dell'1,4% rispetto all'anno precedente. Il portafoglio prestiti è aumentato del 7,2% raggiungendo 686,1 milioni di dollari, mentre i depositi sono cresciuti dello 0,7% attestandosi a 891,6 milioni di dollari. La banca mantiene una solida posizione patrimoniale con un rapporto Tier 1 Leverage Capital del 10,32%. Gli asset in gestione fiduciaria e patrimoniale sono saliti a 1,06 miliardi di dollari, mostrando una crescita significativa rispetto ai 975,9 milioni di dollari dell'anno precedente.
Cornerstone Bancorp (CNBP) reportó sólidos resultados financieros en el segundo trimestre de 2025, con un ingreso neto consolidado que alcanzó los 2.8 millones de dólares (2.81 dólares por acción diluida), aumentando desde los 2.0 millones de dólares (2.05 dólares por acción diluida) en el segundo trimestre de 2024. El margen de interés neto del banco mejoró a 3.65% desde 3.27% interanual.
Los activos totales crecieron hasta 1.0 mil millones de dólares, un aumento del 1.4% respecto al año anterior. La cartera de préstamos se expandió un 7.2% a 686.1 millones de dólares, mientras que los depósitos aumentaron un 0.7% a 891.6 millones de dólares. El banco mantiene una sólida posición de capital con un índice de apalancamiento Tier 1 del 10.32%. Los activos de fideicomisos y gestión patrimonial aumentaron a 1.06 mil millones de dólares, mostrando un crecimiento significativo desde 975.9 millones de dólares un año antes.
코너스톤 뱅코프(CNBP)는 2025년 2분기 강력한 재무 실적을 보고했으며, 연결 순이익은 280만 달러(희석 주당 2.81달러)로 2024년 2분기의 200만 달러(희석 주당 2.05달러)에서 증가했습니다. 은행의 순이자마진은 전년 대비 3.65%로 3.27%에서 개선되었습니다.
총자산은 10억 달러로 전년 대비 1.4% 증가했습니다. 대출 포트폴리오는 7.2% 증가한 6억 8,610만 달러를 기록했으며, 예금은 0.7% 증가한 8억 9,160만 달러에 달했습니다. 은행은 Tier 1 레버리지 자본비율 10.32%로 강력한 자본 상태를 유지하고 있습니다. 신탁 및 자산 관리 자산은 10억 6천만 달러로 1년 전 9억 7,590만 달러에서 크게 증가했습니다.
Cornerstone Bancorp (CNBP) a publié de solides résultats financiers pour le deuxième trimestre 2025, avec un bénéfice net consolidé atteignant 2,8 millions de dollars (2,81 dollars par action diluée), en hausse par rapport à 2,0 millions de dollars (2,05 dollars par action diluée) au deuxième trimestre 2024. La marge nette d'intérêt de la banque s'est améliorée à 3,65% contre 3,27% d'une année sur l'autre.
Le total des actifs a augmenté pour atteindre 1,0 milliard de dollars, soit une hausse de 1,4% par rapport à l'année précédente. Le portefeuille de prêts s'est accru de 7,2% pour atteindre 686,1 millions de dollars, tandis que les dépôts ont augmenté de 0,7% pour s'établir à 891,6 millions de dollars. La banque maintient une solide position en capital avec un ratio de levier Tier 1 de 10,32%. Les actifs en gestion fiduciaire et patrimoniale ont progressé pour atteindre 1,06 milliard de dollars, montrant une croissance significative par rapport à 975,9 millions de dollars un an plus tôt.
Cornerstone Bancorp (CNBP) meldete starke Finanzergebnisse für das zweite Quartal 2025, mit einem konsolidierten Nettogewinn von 2,8 Millionen US-Dollar (2,81 US-Dollar je verwässerter Aktie), gegenüber 2,0 Millionen US-Dollar (2,05 US-Dollar je verwässerter Aktie) im zweiten Quartal 2024. Die Nettozinsmarge der Bank verbesserte sich im Jahresvergleich auf 3,65% von 3,27%.
Die Gesamtaktiva wuchsen auf 1,0 Milliarde US-Dollar, ein Anstieg von 1,4% gegenüber dem Vorjahr. Das Kreditportfolio expandierte um 7,2% auf 686,1 Millionen US-Dollar, während die Einlagen um 0,7% auf 891,6 Millionen US-Dollar stiegen. Die Bank hält eine starke Kapitalposition mit einer Tier-1-Leverage-Kapitalquote von 10,32%. Die Vermögenswerte im Bereich Trust und Vermögensverwaltung stiegen auf 1,06 Milliarden US-Dollar und zeigten ein signifikantes Wachstum gegenüber 975,9 Millionen US-Dollar im Vorjahr.
- Net income increased 40% year-over-year to $2.8 million
- Net interest margin improved to 3.65% from 3.27%
- Loan portfolio grew 7.2% to $686.1 million
- Tangible shareholders' equity improved 14% to $84.5 million
- Trust and wealth management assets increased to $1.06 billion from $975.9 million
- Interest earned on deposit accounts decreased to $964,000 from $1.5 million
- Interest earned on US Treasury securities declined to $1.4 million from $1.5 million
- Other borrowings decreased to $5.5 million from $7.8 million
CORNERSTONE BANCORP, INC.
SECOND QUARTER 2025 HIGHLIGHTS (At or for period ended 6/30/2025)
Income Statement Highlights
- Consolidated net income was
$2.8 million $2.81 $2.0 million $2.05 - The net interest margin (NIM) was
3.65% for 2Q25, compared to3.27% for 2Q24. - Interest earned on the Bank's interest-bearing deposit accounts at correspondent banks was
$964,000 $1.5 million - Interest earned on US Treasury securities was
$1.4 million $1.5 million Illinois income taxes. - Noninterest expense was
$6.5 million $6.4 million
Balance Sheet Highlights
- Total consolidated assets increased
1.4% to$1.0 billion $986.0 million - Tangible shareholders' equity improved
14.0% to$84.5 million $74.1 million - Interest-bearing deposits at correspondent banks totaled
$89.2 million 8.9% of total assets) compared to$142.8 million 14.4% of total assets). - The securities portfolio totaled
$206.2 million $181.1 million - The loan portfolio totaled
$686.1 million $45.9 million 7.2% , higher than a year earlier. - Total deposits increased
0.7% to$891.6 million $885.6 million - The Corporation's other borrowings were
$5.5 million $7.8 million - The Bank continues to be well-capitalized, with a Tier 1 Leverage Capital Ratio of
10.32% on June 30, 2025.
Trust and Wealth Management
- Trust and wealth management assets totaled
$1.06 billion $975.9 million
About Cornerstone Bancorp, Inc.
Founded in 2000, Cornerstone Bancorp, Inc., and its wholly-owned subsidiary, Cornerstone National Bank & Trust Company (collectively "Cornerstone") is committed to serving the commercial banking and investment needs of families and family-owned businesses. Cornerstone serves its clients by investing heavily in people and technology, providing an uncommon relationship experience. Cornerstone has been successful in attracting new clients and talent as the
Cornerstone is a leader in commercial lending services including equipment, real estate and construction loans and operating lines of credit. In addition, Cornerstone offers sophisticated treasury management services for businesses.
For individuals and families, wealth management services are offered, including investment management, trust and custody services, retirement plans, and estate and guardianship administration.
Headquartered in
Forward Looking Statement
This release may contain "forward-looking statements" that are subject to risks and uncertainties. Readers should not place undue reliance on forward-looking statements, which reflect management's views only as of the date hereof. All statements, other than statements of historical fact, regarding our financial position, business strategy and management's plans and objectives for future operations are forward-looking statements. When used in this report, the words "anticipate," "believe," "estimate," "expect," and "intend" and words or phrases of similar meaning, as they relate to Cornerstone or management, are intended to help identify forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Although we believe that management's expectations as reflected in forward-looking statements are reasonable, we cannot assure readers that those expectations will prove to be correct. Forward-looking statements are subject to various risks and uncertainties that may cause our actual results to differ materially and adversely from our expectations as indicated in the forward-looking statements. These risks and uncertainties include our ability to maintain or expand our market share or net interest margins, and to implement our marketing and growth strategies. Further, actual results may be affected by our ability to compete on price and other factors with other financial institutions; customer acceptance of new products and services; the regulatory environment in which we operate; and general trends in the local, regional and national banking industry and economy, as those factors relate to our cost of funds and return on assets. In addition, there are risks inherent in the banking industry relating to collectability of loans and changes in interest rates. Many of these risks, as well as other risks may have a material adverse impact on our operations and business.
Financial Highlights (Unaudited) | ||||||
($ in Thousands, Except Share and Per Share Data) | ||||||
For the Quarter Ending | Year To Date | |||||
Income Statement | 30-Jun-25 | 30-Jun-24 | % Change | 30-Jun-25 | 30-Jun-24 | |
Net Interest Income | $ 8,883 | $ 7,918 | 12.2 % | $ 17,218 | $ 16,110 | |
Provision for Loan Losses | - | 150 | -100.0 % | - | 300 | |
Noninterest Income | 1,425 | 1,285 | 10.9 % | 2,801 | 2,626 | |
Noninterest Expense | 6,510 | 6,371 | 2.2 % | 13,417 | 12,732 | |
Provision for Income Taxes | 1,035 | 684 | 51.3 % | 1,809 | 1,551 | |
Net Income | $ 2,763 | $ 1,998 | 38.3 % | $ 4,793 | $ 4,153 | |
Ratios | ||||||
Return on Average Assets * | 1.12 % | 0.82 % | 37.2 % | 1.05 % | 0.95 % | |
Return on Average Stockholders' Equity * | 12.92 % | 10.29 % | 25.5 % | 12.25 % | 12.05 % | |
Net Interest Margin | 3.65 % | 3.27 % | 11.6 % | 3.56 % | 3.33 % | |
Allowance for Credit Losses on Loans to Gross Loans | 1.27 % | 1.32 % | -3.4 % | 1.27 % | 1.32 % | |
Dividends Per Share | $ - | $ - | N\A | $ 2.50 | $ 2.50 | |
Earnings Per Share | $ 2.81 | $ 2.05 | 37.1 % | $ 4.86 | $ 4.24 | |
End of Period | ||||||
Balance Sheet Data | 30-Jun-25 | 30-Jun-24 | % Change | 31-Dec-24 | 31-Dec-23 | |
Total Assets | $ 1,000,224 | $ 986,039 | 1.4 % | $ 976,886 | $ 958,795 | |
Loans, Net of Allowance for Loan Loss | $ 677,382 | $ 631,775 | 7.2 % | $ 638,832 | $ 639,509 | |
Deposits | $ 891,640 | $ 885,599 | 0.7 % | $ 871,306 | $ 861,203 | |
Trust Preferred Securities | $ 10,310 | $ 10,310 | 0.0 % | $ 10,310 | $ 10,310 | |
Other Borrowings | $ 5,500 | $ 7,763 | -29.2 % | $ 7,763 | $ 7,763 | |
Tangible Shareholders' Equity | $ 84,456 | $ 74,096 | 14.0 % | $ 81,003 | $ 73,246 | |
Trust and Wealth Management Assets | $ 1,062,161 | $ 975,896 | 8.8 % | $ 1,019,951 | $ 954,480 | |
Stock Value Per Common Share Data | ||||||
Price-To-Earnings Ratio * | 7.83 | 8.90 | -12.0 % | 8.30 | 6.31 | |
Price-To-Tangible Book Value Ratio | 1.03 | 0.97 | 5.9 % | 1.00 | 0.93 | |
Tangible Book Value Per Share | $ 85.85 | $ 75.51 | 13.7 % | $ 82.33 | $ 74.36 | |
Number of Shares Outstanding | 983,705 | 981,315 | 983,905 | 985,039 | ||
Average Number of Shares Outstanding | 983,773 | 974,904 | 983,386 | 982,767 | ||
Stock Price - High | $ 89.00 | $ 73.30 | $ 82.59 | $ 70.00 | ||
Low | $ 85.75 | $ 70.60 | $ 75.95 | $ 66.75 | ||
Ending | $ 88.25 | $ 73.30 | $ 82.59 | $ 69.50 | ||
* - Quarter returns are based on annualized Net Income; Year-To-Date returns are based on the Last Twelve Months' (LTM) Net Income |
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SOURCE Cornerstone Bancorp, Inc.
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