Endeavor Bancorp Reports Record Net Income of $1.7 Million, for the Third Quarter of 2025; Results Highlighted by Steady Loan and Deposit Growth
Endeavor Bancorp (OTCQX: EDVR) reported Q3 2025 net income of $1.73M ($0.46 diluted), up from $924K a year earlier and $1.07M in Q2 2025. Net interest income was $7.68M and core pre-tax earnings rose to $2.86M. Total loans grew to $632.6M (+17.5% YoY) and total deposits to $678.3M (+17.5% YoY). Asset quality improved with non-performing loans at 0.21% and provisions declined to $396K. Tangible book value per share rose to $14.21 and capital ratios remained above regulatory minimums.
Endeavor Bancorp (OTCQX: EDVR) ha riportato l’utile netto del terzo trimestre 2025 di 1,73 milioni di USD (0,46 USD diluito per azione), in aumento rispetto ai 924 mila USD dell’anno precedente e ai 1,07 milioni di USD nel Q2 2025. Il reddito netto da interessi è stato 7,68 milioni di USD e gli utili ante imposte core sono saliti a 2,86 milioni di USD. I prestiti totali sono cresciuti a 632,6 milioni di USD (+17,5% su base annua) e i depositi totali a 678,3 milioni di USD (+17,5% su base annua). La qualità degli attivi è migliorata con i crediti non performanti al 0,21% e le accantonamenti sono diminuiti a 396 mila USD. Il valore contabile tangibile per azione è aumentato a 14,21 USD e i ratio patrimoniali sono rimasti al di sopra dei minimi regolamentari.
Endeavor Bancorp (OTCQX: EDVR) reportó ingreso neto del tercer trimestre de 2025 de $1.73 millones (0.46 por acción diluida), frente a $924 mil hace un año y $1.07 millones en el Q2 2025. El ingreso neto por intereses fue $7.68 millones y las ganancias básicas antes de impuestos aumentaron a $2.86 millones. Los préstamos totales crecieron a $632.6 millones (+17.5% interanual) y los depósitos totales a $678.3 millones (+17.5% interanual). La calidad de los activos mejoró con préstamos morosos en 0.21% y las provisiones cayeron a $396 mil. El valor contable tangible por acción subió a $14.21 y las razones de capital se mantuvieron por encima de los mínimos regulatorios.
Endeavor Bancorp (OTCQX: EDVR)은(는) 2025년 3분기 순이익 173만 달러를 보고했습니다 (희석주당 0.46 달러), 1년 전 92.4만 달러, 그리고 2025년 2분기 107만 달러 대비 증가했습니다. 순이자 수익은 760만 달러였고 핵심 세전 이익은 286만 달러로 상승했습니다. 총 대출액은 6억 3260만 달러로 증가했으며 예금은 6억 7830만 달러로 증가했습니다(전년 대비 +17.5%). 자산 품질은 비실적대출이 0.21%로 개선되었고 대손충당금은 39.6만 달러로 감소했습니다. 1주당 실질가치(실질주당가치?) 표시는 $14.21로 올랐고 자본 비율은 규제 최소치를 계속 상회했습니다.
Endeavor Bancorp (OTCQX: EDVR) a annoncé un résultat net du T3 2025 de 1,73 M$ (0,46 $ dilués par action), en hausse par rapport à 924 K$ il y a un an et 1,07 M$ au T2 2025. Le revenu net d’intérêts s’élevait à 7,68 M$ et le résultat pré-imptes opérationnels (core) avant impôt a augmenté à 2,86 M$. Les prêts totaux ont augmenté à 632,6 M$ (+17,5 % sur un an) et les dépôts totaux à 678,3 M$ (+17,5 % sur un an). La qualité des actifs s’est améliorée avec des prêts non performants à 0,21 % et les provisions ont diminué à 396 K$. La valeur comptable tangible par action a augmenté à 14,21 $ et les ratios de capital sont restés au-dessus des minimums réglementaires.
Endeavor Bancorp (OTCQX: EDVR) meldete den Nettogewinn im dritten Quartal 2025 von 1,73 Mio. USD (verwässert 0,46 USD je Aktie), gegenüber 924 Tsd. USD vor einem Jahr und 1,07 Mio. USD im Q2 2025. Die Nettozinseinnahmen betrugen 7,68 Mio. USD und das kernausgewiesene Vorsteuerergebnis stieg auf 2,86 Mio. USD. Die Gesamtforderungen wuchsen auf 632,6 Mio. USD (+17,5 % YoY) und die Gesamteinlagen auf 678,3 Mio. USD (+17,5 % YoY). Die Vermögensqualität verbesserte sich, mit notleidenden Krediten von 0,21 % und Rückstellungen sanken auf 396 Tsd. USD. Der bilanzielle Buchwert je Aktie stieg auf 14,21 USD und die Kapitalquoten lagen weiterhin über den behördlichen Mindestwerten.
Endeavor Bancorp (OTCQX: EDVR) أبلغت عن صافي دخل الربع الثالث من 2025 قدره 1.73 مليون دولار (0.46 دولار مخفّفاً للسهم)، مقارنةً بـ 924 ألف دولار قبل عام و1.07 مليون دولار في الربع الثاني من 2025. بلغ صافي الدخل من الفوائد 7.68 مليون دولار وأرتفعت الأرباح الأساسية قبل الضرائب إلى 2.86 مليون دولار. ارتفع إجمالي القروض إلى 632.6 مليون دولار (+17.5% سنوياً) وإجمالي الودائع إلى 678.3 مليون دولار (+17.5% سنوياً). تحسّنت جودة الأصول مع قروض غير منتجة عند 0.21% وانخفضت الاحتياطات إلى 396 ألف دولار. ارتفع القيمة الدفترية المعزّزة للسهم إلى 14.21 دولار وبقيت نسب رأس المال فوق الحد الأدنى التنظيمي.
Endeavor Bancorp (OTCQX: EDVR) 报告 2025 年第三季度净利润为 173 万美元（摊薄后每股 0.46 美元），较一年前的 92.4 万美元和 2025 年第二季度的 107 万美元有所增加。净利息收入为 768 万美元，核心税前收益升至 286 万美元。总贷款增加到 6.326 亿美元（同比 +17.5%），总存款为 6.783 亿美元（同比 +17.5%）。资产质量改善，不良贷款率为 0.21%，准备金下降至 39.6 万美元。每股有形账面价值上升至 14.21 美元，资本充足率仍高于监管最低要求。
- Net income increased to $1.73M in Q3 2025 (vs. $924K a year earlier)
- Net interest income of $7.68M, up 29.8% YoY
- Total loans +17.5% YoY to $632.6M
- Total deposits +17.5% YoY to $678.3M
- Provision for credit losses reduced to $396K (Q2: $746K)
- Efficiency ratio improved to 64.6% from 69.3% a year earlier
- Return on average equity rose to 13.58%
- Non-interest expense increased by ~$1.02M YoY to $5.23M
- Net interest margin contracted 12 bps QoQ to 4.09%
- Tier 1 leverage ratio declined to 10.15% from 10.60% QoQ
SAN DIEGO, Oct. 28, 2025 (GLOBE NEWSWIRE) -- Endeavor Bancorp (OTCQX: EDVR) (the “Company” or “Bancorp”), the holding company for Endeavor Bank (the “Bank”), today reported net income of
“Continued execution and focused strategy drove stronger profitability this quarter. The lower provision for loan loss expense in the third quarter reflects realized reductions in classified loans-driven by payoffs, upgrades, and a continued migration toward higher-quality assets within the loan portfolio,” said Julie Glance, CFO. “We achieved balanced loan and deposit growth while preserving margin stability, even as the prospect of interest rate cuts began to influence the market late in the quarter. The benefits of our prior investments in people and technology are now clearly reflected in improved efficiency, stronger client engagement, and enhanced operating performance. With a solid foundation and a lower rate environment on the horizon, we are well positioned to build on this success and deliver continued earnings growth and long-term shareholder value.”
Results for the third quarter of 2025 included a
Income Statement
Earnings strength in the third quarter was supported by continued loan growth and improved earning asset yields. Total interest income on loans and bank deposits and investments was
“Our net interest margin improved compared to the same period last year, but contracted from the second quarter of 2025,” said Dan Yates, CEO. “The decline primarily reflects the normalization of loan fees, as the prior quarter benefited from a
The Company’s net interest margin contracted 12 basis points to
Non-Interest income was
Non-Interest expense was
The Company’s annualized return on average equity for the third quarter of 2025 was
Balance Sheet
Total assets increased by
“Our approach this quarter was marked by disciplined execution as we tempered loan growth to align with funding, ensuring a balanced and sustainable pace of expansion,” said Steve Sefton, President. “We continued to make progress in both our deposit-gathering and lending efforts, reflecting the strength of our client relationships and the effectiveness of our strategy. Our teams remain focused on delivering tailored financial solutions to our business clients, supported by disciplined underwriting and sound risk management. As we deepen these relationships, we are well positioned to drive sustainable growth and create long-term value.”
Total loans outstanding increased
Total deposits increased
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, as well as a branch office in La Mesa. 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.
SELECTED FINANCIAL DATA
(In thousands of dollars, except for ratios and per share amounts)
Unaudited
| September 30, 2025 | June 30, 2025 | September 30, 2024 | ||||||||||
| (Consolidated) | (Consolidated) | (Consolidated) | ||||||||||
| SUMMARY OF OPERATIONS | ||||||||||||
| Interest income | $ | 12,169 | $ | 11,623 | $ | 10,186 | ||||||
| Interest expense | 4,487 | 4,234 | 4,266 | |||||||||
| Net interest income | 7,682 | 7,389 | 5,920 | |||||||||
| Provision for credit losses | 396 | 746 | 609 | |||||||||
| Net interest income after loss provision | 7,286 | 6,643 | 5,311 | |||||||||
| Non-interest income | 401 | 276 | 217 | |||||||||
| Non-interest expense | 5,225 | 5,385 | 4,205 | |||||||||
| Income before tax | 2,461 | 1,533 | 1,323 | |||||||||
| Federal income tax expense | 467 | 294 | 255 | |||||||||
| State income tax expense | 269 | 172 | 143 | |||||||||
| Net income | $ | 1,725 | $ | 1,067 | $ | 924 | ||||||
| Core pretax earnings* | $ | 2,857 | $ | 1,932 | ||||||||
| *excludes taxes and provision for loan losses | ||||||||||||
| PER COMMON SHARE DATA | ||||||||||||
| Number of shares outstanding (000s)* | 3,587 | 3,586 | 3,494 | |||||||||
| *Adjusted for May 2025 Stock Dividend | ||||||||||||
| Earnings per share, basic | $ | 0.48 | $ | 0.30 | $ | 0.26 | ||||||
| Earnings per share, diluted | $ | 0.46 | $ | 0.28 | $ | 0.24 | ||||||
| Book Value per share | $ | 14.21 | $ | 13.64 | $ | 12.97 | ||||||
| BALANCE SHEET DATA | ||||||||||||
| Assets | $ | 760,213 | $ | 746,907 | $ | 655,305 | ||||||
| Investments securities | 31,557 | 28,117 | 20,107 | |||||||||
| Total loans, net of unearned income | 632,573 | 625,912 | 538,439 | |||||||||
| Total deposits | 678,300 | 667,408 | 577,781 | |||||||||
| Borrowings | 26,770 | 26,746 | 26,672 | |||||||||
| Shareholders’ equity | 50,979 | 48,905 | 45,308 | |||||||||
| Loan to Deposit ratio | 93.26 | % | 93.78 | % | 93.19 | % | ||||||
| Wholesale Deposits to Total Deposits | 6.57 | % | 8.50 | % | 7.04 | % | ||||||
| AVERAGE BALANCE SHEET DATA | ||||||||||||
| Average assets | $ | 758,125 | $ | 712,281 | $ | 619,122 | ||||||
| Average total loans, net of unearned income | 620,851 | 611,480 | 506,469 | |||||||||
| Average total deposits | 676,209 | 632,477 | 541,858 | |||||||||
| Average shareholders' equity | 50,420 | 48,909 | 44,990 | |||||||||
| ASSET QUALITY RATIOS | ||||||||||||
| Net (charge-offs) recoveries | $ | (8 | ) | $ | 421 | $ | - | |||||
| Net (charge-offs) recoveries to average loans | -0.01 | % | 0.28 | % | 0.00 | % | ||||||
| Non-performing loans as a % of loans | 0.21 | % | 0.32 | % | 1.22 | % | ||||||
| Non-performing assets as a % of assets | 0.17 | % | 0.27 | % | 1.00 | % | ||||||
| Allowance for loan losses as a % of total loans | 1.41 | % | 1.36 | % | 1.39 | % | ||||||
| Non-performing assets as a % of allowance for loan losses | 14.87 | % | 23.37 | % | 88.02 | % | ||||||
| FINANCIAL RATIOS\STATISTICS | ||||||||||||
| Annualized return on average equity | 13.58 | % | 8.75 | % | 8.17 | % | ||||||
| Annualized return on average assets | 0.90 | % | 0.60 | % | 0.59 | % | ||||||
| Net interest margin | 4.09 | % | 4.21 | % | 3.85 | % | ||||||
| Efficiency ratio | 64.65 | % | 70.27 | % | 69.26 | % | ||||||
| CAPITAL RATIOS | ||||||||||||
| Tier 1 leverage ratio -- Bank | 10.15 | % | 10.60 | % | 11.38 | % | ||||||
| Common equity tier 1 ratio -- Bank | 10.32 | % | 10.20 | % | 10.95 | % | ||||||
| Tier 1 risk-based capital ratio -- Bank | 10.32 | % | 10.20 | % | 10.95 | % | ||||||
| Total risk-based capital ratio --Bank | 11.54 | % | 11.37 | % | 12.13 | % | ||||||
| TCE/TA * | 6.71 | % | 6.55 | % | 6.91 | % | ||||||
| Tangible Book Value per Share | $ | 14.21 | $ | 13.64 | $ | 12.97 | ||||||
| *Non-GAAP financial measure. | ||||||||||||
| Unaudited financials 2025 | ||||||||||||
Endeavor Bancorp Contact Information:
(858) 230.5185
Dan Yates, CEO
dyates@bankendeavor.com
(858) 230.4243
Steve Sefton, President
ssefton@bankendeavor.com
FAQ
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