Endeavor Bancorp Reports Net Income of $1.7 Million for the Fourth Quarter of 2025; Highlighted by NIM Expansion
Rhea-AI Summary
Endeavor Bancorp (OTCQX: EDVR) reported Q4 2025 net income of $1.70 million ($0.45 diluted) and a full‑year 2025 net income of $5.9 million, up 90.2% year-over-year. Net interest margin expanded to 4.22% (up 13 bps QoQ, 25 bps YoY). Loans rose to $643.4M (+12.5% YoY); total assets were $770.6M. Efficiency ratio improved to 65.7%. The quarter included a $664k provision for credit losses and $197k net charge-offs. Liquidity remained strong with cash of $89.1M and available borrowing capacity of $232.2M.
Positive
- Q4 net income of $1.70M and diluted EPS of $0.45
- Net interest margin expanded to 4.22% (+13 bps QoQ, +25 bps YoY)
- Full‑year 2025 net income rose 90.2% to $5.9M
- Total loans grew to $643.4M (+12.5% YoY)
- Efficiency ratio improved to 65.7% from 71.2% a year ago
- Strong liquidity: cash of $89.1M and borrowing capacity of $232.2M
Negative
- Provision for credit losses increased to $664k in Q4 2025
- Net charge‑offs of $197k recorded in Q4 2025
- Non‑interest expense rose, reflecting prior workforce expansion and higher staff costs
- Reciprocal (brokered) deposits at $110.4M may raise deposit stability considerations
News Market Reaction – EDVR
In the trading session that priced this news, EDVR gained 1.49%, reflecting a mild positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
AI-generated analysis. How Rhea-AI works. Not financial advice.
SAN DIEGO, Jan. 29, 2026 (GLOBE NEWSWIRE) -- Endeavor Bancorp (OTCQX: EDVR) (the “Company” or “Bancorp”), the holding company for Endeavor Bank (the “Bank”), today reported net income of
“We achieved strong earnings in the fourth quarter of 2025, capping off a record-breaking year,” said Julie Glance, CFO. “This performance reflected portfolio growth across both loans and deposits during the fourth quarter while successfully expanding our net interest margin despite headwinds from the Fed’s recent rate reductions during the latter part of the year. Earlier investments in our team and technology platform are clearly delivering results, evidenced by meaningful year-over-year improvement in our efficiency ratio, elevated client engagement levels, and enhanced overall performance. Our strong positioning heading into the new year, combined with an evolving interest rate landscape, gives us confidence in our path toward continued earnings expansion and superior shareholder value creation.”
Results for the fourth quarter of 2025 included a
Income Statement
Continued loan growth and stable earning asset yields drove solid earnings for the fourth quarter of 2025. Total interest income on loans and bank deposits and investments was
“Our net interest margin expanded by 13 basis points in the fourth quarter compared to the prior quarter, and 25 basis points year-over-year,” said Dan Yates, CEO. “We remain proactive in optimizing our asset-liability mix to safeguard and enhance margin performance, while maintaining prudent risk management and competitive client pricing. As the Federal Reserve implemented three consecutive 25-basis-point rate cuts between September and December 2025, we have worked diligently to navigate this compressed rate environment and preserve our earnings trajectory.”
The Company’s net interest margin improved 13 basis points to
Non-Interest income was
Non-Interest expense was
The Company’s annualized return on average equity for the fourth quarter of 2025 was
Balance Sheet
Total assets increased by
“We have been successful at achieving steady loan growth that aligns with our funding capacity, bolstered by continued progress in deposit gathering that reflects the strength and depth of our client relationships,” said Steve Sefton, President.
Total loans outstanding increased
Total deposits increased
The loan to deposit ratio was
As a result of its participation in reciprocal deposit placement networks, the Bank accepted “reciprocal” deposits from other institutions, enabling the Bank to offer customers FDIC insurance on accounts in excess of the typical
Shareholders’ equity increased to
Capital
The Bank’s Tier 1 leverage ratio was
About Endeavor Bancorp
Endeavor Bancorp, the holding company for Endeavor Bank, is primarily owned and operated by Southern Californians for Southern California businesses and their owners. The bank’s focus is local: local decision-making, local board, local founders, local owners, and relationships with local clients in Southern California.
Headquartered in downtown San Diego in the Symphony Towers building, the Bank also operates a loan production and executive administration office in Carlsbad, a branch office in La Mesa, and a loan production office in Pasadena. In addition, the Bank maintains production teams throughout Southern California. Endeavor Bank provides traditional business banking services across a broad spectrum of industries and specialties. Unique to the bank is its consultative banking approach that partners our business clients with Endeavor Bank’s senior management. Together, we build strategies and provide resources that solve problems, plan for the future, and help clients’ efforts to grow revenues and profits. Endeavor Bancorp trades on the OTCQX® Best Market under the symbol “EDVR.” Visit www.endeavor.bank for more information.
Endeavor Bank is rated by Bauer Financial as Five-Star "Superior" for strong financial performance, the top rating given by the independent bank rating firm. DepositAccounts.com awarded Endeavor Bank an A rating.
EDVR Shareholders
With many of our shareholders transferring their EDVR shares to their brokerage companies, along with ongoing trading taking place, Bancorp may not have the most current shareholder contact information. If you are an EDVR shareholder and would like to receive information via a more timely method, please complete the Shareholder Communication Preference Form on our website: https://www.bankendeavor.com/investor-relations so we can keep you updated on EDVR news, and invite you to various shareholder networking events throughout the year.
Forward-Looking Statements
This press release includes “forward-looking statements,” as such term is defined in the Private Securities Litigation Reform Act of 1995. Forward-looking statements are based on the current beliefs of the Company’s directors and executive officers (collectively, “Management”), as well as assumptions made by and information currently available to the Company’s Management. All statements regarding the Company’s business strategy and plans and objectives of Management of the Company for future operations, are forward-looking statements. When used in this press release, the words “anticipate,” “believe,” “estimate,” “expect” and “intend” and words or phrases of similar meaning, as they relate to the Company or the Company’s Management, are intended to identify forward-looking statements. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations will prove to be correct. Important factors that could cause actual results to differ materially from the Company’s expectations (“cautionary statements”) are loan losses, rapid and unanticipated deposit withdrawals, unavailability of sources of liquidity, additional regulatory requirements that may be imposed on community banks or banks generally, changes in interest rates, loss of key personnel, lower lending limits and capital than competitors, regulatory restrictions and oversight of the Company, the secure and effective implementation of technology, risks related to the local and national economy, the effect on customers, collateral value and property insurance markets of the recent wildfires in the Los Angeles metropolitan area and similar events in the future, changes in real estate values, the Company’s implementation of its business plans and management of growth, loan performance, interest rates, and regulatory matters, the effects of trade, monetary and fiscal policies, inflation, and changes in accounting policies and practices. Based upon changing conditions, if any one or more of these risks or uncertainties materialize, or if any underlying assumptions prove incorrect, actual results may vary materially from those described as anticipated, believed, estimated, expected, or intended. The Company does not intend to update these forward-looking statements.
Endeavor Bancorp Contact Information:
(858) 230.5185
Dan Yates, CEO
dyates@bankendeavor.com
(858) 230.4243
Steve Sefton, President
ssefton@bankendeavor.com
| SELECTED FINANCIAL DATA | ||||||||||
| (In thousands of dollars, except for ratios and per share amounts) | ||||||||||
| Unaudited | ||||||||||
| December 31, 2025 | September 30, 2025 | December 31, 2024 | ||||||||
| (Consolidated) | (Consolidated) | (Consolidated) | ||||||||
| SUMMARY OF OPERATIONS | ||||||||||
| Interest income | $ | 12,163 | $ | 12,169 | $ | 10,754 | ||||
| Interest expense | 4,084 | 4,487 | 4,236 | |||||||
| Net interest income | 8,079 | 7,682 | 6,518 | |||||||
| Provision for credit losses | 664 | 396 | 374 | |||||||
| Net interest income after loss provision | 7,415 | 7,286 | 6,144 | |||||||
| Non-interest income | 532 | 401 | 160 | |||||||
| Non-interest expense | 5,551 | 5,225 | 4,752 | |||||||
| Income before tax | 2,396 | 2,461 | 1,552 | |||||||
| Federal income tax expense | 440 | 467 | 296 | |||||||
| State income tax expense | 254 | 269 | 171 | |||||||
| Net income | $ | 1,702 | $ | 1,725 | $ | 1,084 | ||||
| Core pretax earnings* | $ | 3,059 | $ | 2,857 | $ | 1,926 | ||||
| *excludes taxes and provision for loan losses | ||||||||||
| PER COMMON SHARE DATA | ||||||||||
| Number of shares outstanding (000s)* | 3,619 | 3,587 | 3,494 | |||||||
| *Adjusted for May 2025 Stock Dividend | ||||||||||
| Number of shares outstanding diluted (000s)* | 3,823 | 3,812 | 3,744 | |||||||
| Earnings per share, basic | $ | 0.47 | $ | 0.48 | $ | 0.31 | ||||
| Earnings per share, diluted | $ | 0.45 | $ | 0.46 | $ | 0.29 | ||||
| Book Value per share | $ | 14.68 | $ | 14.21 | $ | 13.17 | ||||
| BALANCE SHEET DATA | ||||||||||
| Assets | $ | 770,591 | $ | 760,213 | $ | 678,332 | ||||
| Investments securities | 32,378 | 31,557 | 25,777 | |||||||
| Total loans, net of unearned income | 643,400 | 632,573 | 571,817 | |||||||
| Total deposits | 682,714 | 678,300 | 601,219 | |||||||
| Borrowings | 26,795 | 26,770 | 26,697 | |||||||
| Shareholders’ equity | 53,119 | 50,979 | 46,009 | |||||||
| Loan to Deposit ratio | ||||||||||
| Wholesale Deposits to Total Deposits | ||||||||||
| AVERAGE BALANCE SHEET DATA | ||||||||||
| Average assets | 772,629 | $ | 758,125 | $ | 660,748 | |||||
| Average total loans, net of unearned income | 637,585 | 620,831 | 549,340 | |||||||
| Average total deposits | 687,447 | 676,209 | 582,583 | |||||||
| Average shareholders' equity | 52,669 | 50,420 | 46,117 | |||||||
| ASSET QUALITY RATIOS | ||||||||||
| Net (charge-offs) recoveries | $ | 197 | $ | (8 | ) | $ | - | |||
| Net (charge-offs) recoveries to average loans | - | |||||||||
| Non-performing loans as a % of loans | ||||||||||
| Non-performing assets as a % of assets | ||||||||||
| Allowance for loan losses as a % of total loans | ||||||||||
| Non-performing assets as a % of allowance for loan losses | ||||||||||
| FINANCIAL RATIOS\STATISTICS | ||||||||||
| Annualized return on average equity | ||||||||||
| Annualized return on average assets | ||||||||||
| Net interest margin | ||||||||||
| Efficiency ratio | ||||||||||
| CAPITAL RATIOS | ||||||||||
| Tier 1 leverage ratio -- Bank | ||||||||||
| Common equity tier 1 ratio -- Bank | ||||||||||
| Tier 1 risk-based capital ratio -- Bank | ||||||||||
| Total risk-based capital ratio --Bank | 11.. | |||||||||
| TCE/TA * | ||||||||||
| Tangible Book Value per Share | $ | 14.68 | $ | 14.21 | $ | 13.17 | ||||
| *Non-GAAP financial measure. | ||||||||||
| Unaudited financials 2025 | ||||||||||
