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Endeavor Bancorp (EDVR) delivers community-focused banking services across Southern California, combining local decision-making with robust financial stewardship. This news hub provides investors and businesses with timely updates on strategic developments, financial performance, and market initiatives.
Access authoritative coverage of EDVR's earnings reports, leadership announcements, and regional expansion efforts. Our curated collection includes regulatory filings, capital management updates, and insights into the bank's growing presence in Los Angeles and Inland Empire markets.
Key updates feature Endeavor Bancorp's subordinated debt strategies, liquidity management practices, and community partnership programs. Stay informed about initiatives reinforcing its position as a trusted financial partner for local businesses through responsive lending solutions and deposit services.
Bookmark this page for streamlined access to Endeavor Bancorp's latest news. Check regularly for objective reporting on financial metrics, board decisions, and operational milestones that shape its community banking leadership.
Endeavor Bancorp (OTCQX: EDVR) reported strong Q1 2025 financial results with net income of $1.36 million, or $0.32 per diluted share, marking significant growth from $1.08 million in Q4 2024 and $407,000 in Q1 2024.
Key highlights include:
- Net interest income increased to $7.0 million, up 7.6% from previous quarter
- Net interest margin expanded to 4.12%, up 15 basis points
- Total loans grew 4.6% to $597.8 million
- Total deposits increased 4.1% to $626.2 million
- Return on average equity reached 11.68%
The bank's strong performance was driven by loan growth, improved earning asset rates, and strategic investments in staff made throughout 2024. Non-performing loans decreased to 0.40% of the total loan portfolio, and the bank maintained strong capital ratios with a Tier 1 leverage ratio of 10.57%.
Endeavor Bancorp (OTCQX: EDVR) reported strong Q4 2024 financial results with net income of $1.08 million ($0.25 per diluted share), up from $924,000 in Q3 2024 and $852,000 in Q4 2023. The quarter was marked by significant growth, with net loans increasing 31.1% and deposits rising 18.5% year-over-year.
Key highlights include net interest margin expansion to 3.97%, total assets growth to $678.3 million (up 19% YoY), and strong balance sheet liquidity with $80.5 million in cash. The loan portfolio grew to $571.8 million, while total deposits reached $601.2 million. Non-performing loans decreased to 0.46% of the total loan portfolio.
The bank's capital position remains robust with a Tier 1 leverage ratio of 10.90% and Total risk-based capital ratio of 11.92%. The company completed a $12.5 million subordinated notes issuance in March to support growth initiatives.
Endeavor Bancorp (OTCQX: EDVR) reported net income of $924,000, or $0.22 per diluted share, for the third quarter of 2024. Pretax net income was $1.3 million, with a $609,000 provision for credit losses. Key highlights include:
- Net interest income increased 10.4% to $5.9 million compared to the preceding quarter
- Net interest margin expanded 15 basis points to 3.85%
- Total loans outstanding increased 11.4% to $538.4 million
- Total deposits increased to $577.8 million, up 17.3% year-over-year
- Tangible book value per share rose to $12.97
The company experienced record quarterly loan production and strong net interest income generation. Despite challenges from the high-interest rate environment, Endeavor Bancorp maintains a strong balance sheet and ample capital for continued growth.
Endeavor Bancorp (OTCQX: EDVR) reported strong Q2 2024 results, with net income of $760,000 ($0.18 per diluted share), up from $407,000 in Q1 2024. Pretax income reached $1.1 million, driven by substantial loan growth and net interest margin expansion. Key highlights include:
- Total assets increased 4.9% to $593.8 million
- Loans outstanding grew 9.1% to $483.4 million
- Deposits rose 5.3% to $518.2 million
- Net interest margin improved to 3.70%
- Non-performing loans remained low at 0.06% of total loans
The bank's strong performance was attributed to robust loan demand in Southern California markets and increased yields on earning assets. Endeavor Bancorp maintains a strong capital position, with a Tier 1 leverage ratio of 11.70% as of June 30, 2024.
Endeavor Bancorp, the holding company for Endeavor Bank, has declared a 2% stock dividend to be distributed on May 20, 2024, to shareholders of record on May 10, 2024. Shareholders will receive two additional shares of common stock for every 100 shares currently owned. The stock dividend aims to build shareholder value and increase trading liquidity. Endeavor Bancorp focuses on local businesses in Southern California and operates across multiple locations.
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