Foresight Reports 2025 Fourth Quarter and Full Year Results

Q: What were FGFH Q4 2025 earnings and diluted EPS?

FGFH reported Q4 2025 net income of $2.54M and diluted EPS of $0.70 .

Q: Why did FGFH's full-year 2025 net income decline versus 2024?

Full-year 2025 net income fell to $7.87M due to higher provision for loan losses (+$1.63M), impairment charges, and $6.65M of non-recurring consolidation expenses.

Q: How did FGFH's net interest margin and net interest income perform in Q4 2025?

Taxable-equivalent NIM rose to 3.53% in Q4 and net interest income increased 17% year-over-year to $14.30M .

Q: What change occurred in FGFH non-performing assets as of 12/31/2025?

Non-performing assets declined to $15.31M , lowering the ratio to 0.92% from 1.75% the prior quarter.

Q: How much did FGFH deposits and loans change in Q4 2025?

Total deposits rose by $46.4M in Q4 to $1.43B ; total loans increased by $4.6M to $1.141B .

Rhea-AI Impact

(Moderate)

Rhea-AI Sentiment

(Negative)

Rhea-AI Summary

Foresight Financial Group (OTCQX: FGFH) reported Q4 2025 net income $2.54M, up 2% year-over-year and 59% sequentially, with diluted EPS $0.70. Q4 included $1.16M of non-recurring items (a $0.961M investment impairment and $0.197M conversion expenses). Return on average equity was 5.96% and return on average assets 0.60%. Full-year 2025 net income was $7.87M, down 38% from 2024; full-year diluted EPS was $2.17 versus $3.59 in 2024. Net interest income rose to $14.30M in Q4 (+17% YoY) and NIM improved to 3.53% for the quarter. Total loans were $1.141B and deposits $1.43B at 12/31/2025. Non-performing assets fell to $15.31M, down materially from the prior periods.

Positive

Net interest income +17% in Q4 to $14.30M
Taxable-equivalent NIM improved to 3.53% in Q4
Non-performing assets down to $15.31M (ratio 0.92%)
Deposits increased $46.4M in Q4 to $1.43B
Tangible book value per share increased to $47.18

Negative

Full-year net income down 38% to $7.87M year-over-year
Full-year diluted EPS declined to $2.17 from $3.59 (≈39% decrease)
Provision for loan losses increased $1.63M year-over-year to $2.68M
Non-recurring expenses of $6.65M contributed to higher operating expenses
Net loan charge-offs $5.0M for the year ended 12/31/2025

News Market Reaction – FGFH

+1.16%

1 alert

+1.16% News Effect

On the day this news was published, FGFH gained 1.16%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

01/22/2026 - 04:20 PM

WINNEBAGO, Ill., Jan. 22, 2026 (GLOBE NEWSWIRE) -- Foresight Financial Group, Inc. (OTCQX: FGFH) reported net income of $2.54 million for the quarter ended December 31, 2025, a 2% increase compared to $2.49 million reported for the fourth quarter of 2024, and a 59% increase compared to $1.60 million reported for the third quarter of 2025. Diluted Earnings per Share for the fourth quarter was $0.70 compared to $0.69 for the fourth quarter of 2024 and $0.44 for the most recent quarter ended September 30, 2025. The 2025 fourth quarter results include $1.16 million in non-recurring expenses, a $961 thousand impairment charge on a non-marketable equity investment and $197 thousand of conversion related expenses. The fourth quarter results produced a Return on Average Equity of 5.96% and Return on Average Assets of 0.60%.

Net income for the year ended December 31, 2025 decreased by 38% to $7.87 million compared to $12.66 million for 2024. The decrease in net income reflects a $1.63 million increase in provision for loan losses, a $2.92 million impairment charge related to an other equity investment and $3.49 million of charter consolidation related expenses. Diluted Earnings per Share for 2025 was $2.17 compared to $3.59 for 2024.

Foresight CEO Peter Q. Morrison stated “the final systems conversions and operational consolidation of our Company’s six separate banking charters into one was completed during the fourth quarter. The charter consolidation process, which included five core and ancillary systems conversions, was an expensive and time-consuming effort that we are happy to have behind us. That, coupled with the legacy credit challenges and associated credit marks, which were primarily from our German American market, caused 2025 to be both a challenging and transitional year. As a result of concerted efforts throughout 2025 to significantly improve our credit profile, we were able to achieve a 46% reduction in non-performing assets which is reflected in our fourth quarter results. We are grateful to see renewed interest in Foresight’s stock, which closed at $43.25 on January 21, 2026, a 34% increase over the closing price one year earlier. As we enter 2026, the Company is positioned for future growth and profitability, and we are focused on gaining operational efficiencies, strengthening our sales culture, enhancing our product offerings, and maintaining a strong credit culture.”

Net interest income for the fourth quarter of 2025 increased by $2.08 million, or 17%, to $14.30 million as compared to $12.23 million for the fourth quarter of 2024; and increased by $1.15 million, or 9%, compared to the quarter ended September 30, 2025. The taxable equivalent net interest margin increased to 3.53% compared to 3.14% in the fourth quarter of 2024; and 3.41% for the quarter ended June 30, 2025.

Net interest income for the year ended December 31, 2025 increased by $3.69 million, or 8%, to $52.67 million compared to $48.99 million for 2024. The tax equivalent net interest margin was 3.35% for 2025, increasing ten basis points over 2024. The Federal Reserve rate cuts in late third quarter and in the fourth quarter of 2025 contributed to the Company’s ability to lower cost of funds more than the decrease in earning asset yields.

Total loans increased by $4.6 million during the quarter to $1.141 billion as of December 31, 2025 compared to $1.137 billion as of September 30, 2025; and increased by $26.2 million, or 2%, since the end of 2024. Overall loan growth for the quarter was hindered by pay-offs of participations purchased and other intentional exits of watch credits.

Total deposits increased by $46.4 million during the fourth quarter to $1.43 billion as of December 31, 2025; and increased by $27.8 million as compared to total deposits at the end of 2024.

The provision for loan losses for the quarter ended December 31, 2025 increased by $107 thousand to $772 thousand as compared to $665 thousand in the fourth quarter of the prior year; and increased by $400 thousand compared to the third quarter of 2025. The provision for loan losses for the year ended December 31, 2025 was $2.68 million, a $1.63 million increase over the provision expense for 2024. Net loan charge-offs totaled $1.41 million and $5 million for the quarter and year ended December 31, 2025, respectively.

Total non-performing assets of the Company as of December 31, 2025 were $15.31 million compared to $28.43 million in the previous quarter, and $28.42 million at the end of 2024. The ratio of non-performing assets to total assets dropped to 0.92% from 1.75% as of September 30, 2025 and 1.74% as of December 31, 2024. The drop in non-performing assets during the fourth includes $1.69 million of net paydowns, $1.41 million of net loan charge-offs, $961 thousand investment impairment charged to expense, $7.39 million of net upgrades to performing status, and $1.65 million reduction in loans over 90 days delinquent and foreclosed assets.

Non-interest income for the quarter ended December 31, 2025 decreased $102 thousand to $1.77 million compared to $1.87 million in the fourth quarter of the prior year.

Non-interest income for the year ended December 31, 2025 increased by $1.31 million to $8.50 million compared to $7.19 million for 2024. This increase includes $1.2 million of non-recurring revenue received under a branding agreement.

Non-interest expense for the quarter ended December 31, 2025 totaled $11.87 million, a $1.62 million increase over $10.25 million in the fourth quarter of 2024; and a $487 thousand decrease from the most recent quarter ended September 30, 2025.

Non-interest expense for the year ended December 31, 2025 increased by $9.46 million to $48.35 million compared to $38.89 million in 2024. This increase includes $6.65 million in non-recurring expenses. The table below breaks out non-recurring expenses by expense category for the full year 2025:


	Year Ended December 31,
	2025			2024
			Excluding
	Actual	Non-Recurring	Non-Recurring	Actual
Operating Expenses:	Expenses	Expenses	Expenses	Expenses
	(in thousands)
Salaries and employee benefits	26,032	379	25,653	24,670
Occupancy expense of premises, net	3,042		3,042	2,692
Outside services	2,112	453	1,659	1,611
Data processing	5,281		5,281	4,302
Other	11,887	5,816	6,071	5,619

	48,354	6,648	41,706	38,894

The non-recurring salaries and benefits and outside services are all attributable to the charter consolidation effort. Non-recurring other expenses include $2.69 million of charter consolidation expenses, a $2.92 million impairment of an other investment, and $238 thousand of other nonrecurring expenses. Excluding the non-recurring items noninterest expenses increased $2.72 million, or 7%, over 2024.

The closing price for the Company’s stock was $42.48, as of the close of business January 16, 2025. Tangible Book Value per Share of the Company’s common stock increased by $0.94 and $4.59 to $47.18 compared to $46.24 as of September 30, 2025 and $42.59 as of December 31, 2024, respectively. The Tangible Book Value per Share of the Company’s common stock, excluding Accumulated Other Comprehensive Income increased $1.33 to $53.12 as of December 31, 2025, compared to $51.79 at the end of 2024.

About Foresight Financial Group, Inc.

Foresight Financial Group, Inc. is a the largest bank holding company headquartered in Winnebago County, Illinois and is the parent company of Foresight Bank, which operates in Northern Illinois under its divisional names Northwest Bank of Rockford, State Bank in Freeport, State Bank of Davis, German American State Bank in German Valley, Winnebago and Pecatonica, Lena State Bank, and the State Bank of Herscher. Foresight’s common stock is traded on the “OTCQX” market under the trading symbol FGFH.

Forward-Looking Statements

When used in this communication, the words "believes," "expects," "likely", "would", and similar expressions are intended to identify forward-looking statements. The Company's actual results may differ materially from those described in the forward-looking statements. Factors which could cause such a variance to occur include, but are not limited to: heightened competition; adverse state and federal regulation; failure to obtain new or retain existing customers; ability to attract and retain key executives and personnel; changes in interest rates; unanticipated changes in industry trends; unanticipated changes in credit quality and risk factors, including general economic conditions particularly in the Company's markets; potential deterioration in real estate values, success in gaining regulatory approvals when required; changes in the Federal Reserve Board monetary policies; unexpected outcomes of new and existing litigation in which the Company, or its subsidiaries, officers, directors or employees is named defendants; technological changes; changes in accounting principles generally accepted in the United States; changes in assumptions or conditions affecting the application of "critical accounting policies"; inability to recover previously recorded losses as anticipated, and the inability of third party vendors to perform critical services for the Company or its customers. The inclusion of forward-looking information should not be construed as a representation by the Company or any person that future events or plans contemplated by the Company will be achieved. The Company undertakes no obligation to publicly update or revise any forward-looking statements whether as a result of new information or otherwise.

FOR INFORMATION CONTACT:
Peter Morrison Chief Executive Officer (815) 847-7500	Todd James Chief Financial Officer (815) 847-7500

Foresight Financial Group, Inc. and Subsidiaries
Consolidated Statements of Income
(Unaudited)

	Year Ended December 31,
		2025			2024
	(in thousands, except per share data)
Interest and dividend income:
Interest and fees on Loans	$	70,893	)	$	69,284
Interest on investment securities		10415			8,861
Interest on fed funds sold and other deposits		1384			2,559
Total interest income		82,692			80,704
Interest expense:
Deposits		28,553			29,855
Federal funds purchased		6			64
FHLB and other borrowings		1,459			1,798
Total interest expense		30,018			31,717
Net interest income		52,674			48,987
Provision for credit losses		2,680			1,052
Net interest and dividend income, after provision for credit losses		49,994			47,935

Noninterest income:
Customer service fees		1,761			1,421
Net securities gains (losses)		0			(111	)
Gain on sale of loans, net		324			772
Loan servicing fees, net		749			249
Bank owned life insurance		667			1,110
ATM / interchange fees		2,236			2,143
Other		2,764			1,609
Total noninterest income		8,501			7,193

Noninterest expenses:
Salaries and employee benefits		26,032			24,670
Occupancy expense of premises, net		3,042			2,692
Outside services		2,112			1,611
Data processing		5,281			4,302
Other		11,887			5,619
Total noninterest expenses		48,354			38,894

Income before income taxes		10,141			16,234
Income tax expense		2,273			3,570

Net income	$	7,868		$	12,664

Earnings per common share:
Basic	$	2.18		$	3.61
Diluted	$	2.17		$	3.59


Foresight Financial Group, Inc. and Subsidiaries
Consolidated Balance Sheets
December 31, 2025 and December 31, 2024
(Unaudited)
	December 31,			December 31,
Assets		2025			2024
	(in thousands, except per share data)
Cash and due from banks	$	15,844		$	16,905
Interest-bearing deposits in banks		11,254			45,357
Federal funds sold		775			6,172
Total cash and cash equivalents		27,873			68,434

Debt Securities:
Available-for-sale (AFS)		428,688			369,945
Held-to-maturity (HTM)		2,378			3,263
Marketable equity securities and other investments		4,427			7,592
Loans held for sale		1,549			852
Loans, net of allowance for credit losses		1,127,617			1,100,657
Premises and equipment, net		17,855			17,125
Bank owned life insurance		24,979			24,459
Other assets		33,281			40,892
Total assets	$	1,668,647		$	1,633,219

Liabilities and Stockholders' Equity

Deposits
Noninterest-bearing	$	219,275		$	249,076
Interest-bearing		1,209,276			1,151,627
Total deposits		1,428,551			1,400,703
Federal funds purchased		-			5,804
Securities sold under agreements to repurchase		-			15,017
Federal Home Loan Bank (FHLB) and other borrowings		53,429			40,911
Accrued interest payable and other liabilities		16,405			17,386
Total liabilities		1,498,385			1,479,821

Preferred stock		-			-
Common stock		1,063			1,060
Additional paid-in capital		16,720			16,482
Retained earnings		189,941			184,961
Treasury stock, at cost		(16,013	)		(16,008	)
Accumulated other comprehensive loss		(21,449	)		(33,097	)
Total stockholders' equity		170,262			153,398
Total liabilities and stockholders' equity	$	1,668,647		$	1,633,219


Foresight Financial Group, Inc. and Subsidiaries
Consolidated Condensed Statements of Income
(Unaudited)

	For the Quarter Ended
	December 31,		September 30,		June 30,		March 31,			December 31,
		2025		2025		2025		2025			2024
Interest and dividend income:
Interest and fees on Loans	$	18,343	$	17,893	$	17,739	$	16,918		$	17,249
Interest on investment securities		2,983		2,447		2,394		2,591			2,269
Interest on fed funds sold and other deposits		417		150		285		532			818
Total interest income		21,743		20,490		20,418		20,041			20,336
Interest expense:
Deposits		7,158		6,930		7,099		7,366			7,641
Federal funds purchased		-		4		-		2			7
FHLB and other borrowings		282		398		370		409			460
Total interest expense		7,440		7,332		7,469		7,777			8,108
Net interest income		14,303		13,158		12,949		12,264			12,228
Provision for credit losses		772		372		238		1,298			665
Net interest income after provision for loan losses		13,531		12,786		12,711		10,966			11,563

Noninterest income:
Customer service fees		445		424		551		341			371
Net securities gains (losses)		-		-		-		-			-
Gain on sale of loans, net		81		79		26		138			182
Loan servicing fees, net		108		106		226		309			192
Bank owned life insurance		167		166		177		157			160
ATM / debit card revenue		581		605		555		495			539
Other		389		404		1,468		503			429
Total noninterest income		1,771		1,784		3,003		1,943			1,873

Noninterest expenses:
Salaries and employee benefits		6,613		6,808		6,408		6,203			6,383
Occupancy expense of premises, net		795		775		772		700			660
Outside services		409		615		422		666			435
Data processing		1,330		1,407		1,403		1,141			1,359
Other		2,722		2,751		2,943		3,471			1,414
Total noninterest expenses		11,869		12,356		11,948		12,181			10,251
Income before income taxes		3,433		2,214		3,766		728			3,185
Income tax expense		889		612		779		(7	)		692
Net income	$	2,544	$	1,602	$	2,987	$	735		$	2,493


Foresight Financial Group, Inc. and Subsidiaries
Consolidated Balance Sheets
(Unaudited)
	As of
	December 31,			September 30,			June 30,			March 31,			December 31,
		2025			2025			2025			2025			2024
Assets
Cash and due from banks	$	15,844		$	19,601		$	28,002		$	19,996		$	16,905
Interest-bearing deposits in banks		11,254			26,994			13,025			46,118			45,357
Federal funds sold		775			1,989			3,046			2,918			6,172
Total cash and cash equivalents		27,873			48,584			44,073			69,032			68,434

Debt securities:
Debt securities available-for-sale (AFS)		428,688			369,287			361,146			380,667			369,945
Debt securities held-to-maturity (HTM)		2,378			2,741			3,263			3,263			3,263
Marketable equity securities and other investments		4,427			5,545			5,446			5,671			7,592
Loans held for sale		1,549			-			480			573			852
Loans, net of allowance for credit losses		1,127,617			1,123,376			1,116,498			1,084,761			1,100,657
Premises and equipment, net		17,855			18,054			16,889			16,978			17,125
Bank owned life insurance		24,979			24,812			24,646			24,615			24,459
Other assets		33,281			36,373			38,573			40,519			40,892
Total assets	$	1,668,647		$	1,628,772		$	1,611,014		$	1,626,079		$	1,633,219

Liabilities and Stockholders' Equity
Liabilities:
Deposits:
Noninterest-bearing	$	219,275		$	241,473		$	247,002		$	250,709		$	249,076
Interest-bearing		1,209,276			1,140,725			1,136,961			1,142,009			1,151,627
Total deposits		1,428,551			1,382,198			1,383,963			1,392,718			1,400,703
Federal funds purchased		-			-			-			55			5,804
Securities sold under agreements to repurchase		-			26,354			12,466			21,095			15,017
Federal Home Loan Bank (FHLB) and other borrowings		53,429			37,662			39,889			37,810			40,911
Accrued interest payable and other liabilities		16,405			15,666			14,737			16,670			17,386
Total liabilities		1,498,385			1,461,880			1,451,055			1,468,348			1,479,821
Stockholders' equity:
Preferred stock					-			-			-			-
Common stock		1,063			1,063			1,062			1,060			1,060
Additional paid-in capital		16,720			16,716			16,704			16,482			16,482
Retained earnings		189,941			188,119			187,237			184,972			184,961
Treasury stock, at cost		(16,013	)		(16,013	)		(16,013	)		(16,008	)		(16,008	)
Accumulated other comprehensive loss		(21,449	)		(22,992	)		(29,031	)		(28,775	)		(33,097	)
Total stockholders' equity		170,262			166,892			159,959			157,731			153,398
Total liabilities and stockholders' equity	$	1,668,647		$	1,628,772		$	1,611,014		$	1,626,079		$	1,633,219


SELECTED FINANCIAL DATA (Unaudited)
(Dollars in thousands, except per share amounts and ratios)
The following table outlines selected financial data as of and for the :
	Three Months Ended															Twelve Months Ended
	Dec 31,			Sep 30,			Jun 30,			Mar 31,			Dec 31,			Dec 31,			Dec 31,
		2025			2025			2025			2025			2024			2025			2024
PER COMMON SHARE
Basic earnings	$	0.71		$	0.44		$	0.83		$	0.20		$	0.69		$	2.18		$	3.61
Diluted earnings		0.70			0.44			0.82			0.20			0.69			2.17			3.59
Dividends		0.20			0.20			0.20			0.20			0.18			0.80			0.72

Book value		47.21			46.28			44.41			43.84			42.63			47.21			42.63
Tangible book value		47.18			46.24			44.37			43.80			42.59			47.18			42.59
Tangible book value, excluding AOCI		53.12			52.62			52.43			51.80			51.79			53.12			51.79
End of period shares outstanding		3,606,123			3,606,123			3,606,087			3,598,042			3,598,042			3,606,123			3,598,042
Average number of shares outstanding		3,606,119			3,606,119			3,606,137			3,598,042			3,597,478			3,604,133			3,509,509
Market Price		41.78			32.48			31.13			31.63			32.21			41.78			32.21

PERFORMANCE RATIOS

Return on average assets		0.60	%		0.40	%		0.75	%		0.21	%		0.58	%		0.48	%		0.79	%
Return on average equity		5.96	%		3.90	%		7.60	%		2.18	%		6.08	%		4.88	%		8.66	%
Net interest margin, tax equivalent		3.53	%		3.41	%		3.40	%		3.25	%		3.14	%		3.35	%		3.25	%
Efficiency ratio, tax equivalent		73.32	%		81.23	%		73.61	%		83.72	%		72.58	%		78.4	%		68.6	%
Loan to Deposit Ratio		79.91	%		82.26	%		81.66	%		79.04	%		79.63	%		79.91	%		79.63	%

ASSET QUALITY DATA

Nonaccrual Loans		14,937			25,452			25,939			28,564			28,175			14,937			28,175
Accruing loans 90+ days past due		373			1,967			688			185			230			373			230
Total non-performing loans		15,310			27,419			26,627			28,749			28,405			15,310			28,405
Foreclosed assets		-			56			703			6			13			-			13
Impaired other investments		-			961			961			961			-			-			-
Total non-performing Assets		15,310			28,436			28,291			29,716			28,418			15,310			28,418

Total Loans		1,141,600			1,137,006			1,130,124			1,100,853			1,115,351			1,141,600			1,115,351
Allowance for credit losses		12,983			13,630			13,626			16,092			14,694			12,983			14,694
Loans, net of ACL		1,128,617			1,123,376			1,116,498			1,084,761			1,100,657			1,128,617			1,100,657

Nonperforming assets tototal assets		0.92	%		1.75	%		1.76	%		1.83	%		1.74	%		0.92	%		1.74	%
Nonperforming loans to total loans		1.34	%		2.41	%		2.36	%		2.61	%		2.55	%		1.34	%		2.55	%
Allowance to total loans		1.14	%		1.20	%		1.21	%		1.46	%		1.32	%		1.14	%		1.32	%
Allowance to noperforming loans		84.80	%		49.71	%		51.17	%		55.97	%		51.73	%		84.80	%		51.73	%

ALLOWANCE FOR CREDIT LOSSES ACTIVITY

Beginning of period balance		13,630			13,626			16,092			14,694			14,678			14,694			14,197
Provision for loan losses		772			372			238			1,298			665			2,680			1,052
Provision for unfunded commitments		(14	)		(5	)		224			110			(260	)		315			27
Charge-offs		(1,594	)		(373	)		(2,958	)		(74	)		(405	)		(4,999	)		(658	)
Recoveries		189			10			30			64			16			293			76
Ending of period balance		12,983			13,630			13,626			16,092			14,694			12,983			14,694

FAQ

What were FGFH Q4 2025 earnings and diluted EPS?

FGFH reported Q4 2025 net income of $2.54M and diluted EPS of $0.70.

Why did FGFH's full-year 2025 net income decline versus 2024?

Full-year 2025 net income fell to $7.87M due to higher provision for loan losses (+$1.63M), impairment charges, and $6.65M of non-recurring consolidation expenses.

How did FGFH's net interest margin and net interest income perform in Q4 2025?

Taxable-equivalent NIM rose to 3.53% in Q4 and net interest income increased 17% year-over-year to $14.30M.

What change occurred in FGFH non-performing assets as of 12/31/2025?

Non-performing assets declined to $15.31M, lowering the ratio to 0.92% from 1.75% the prior quarter.

How much did FGFH deposits and loans change in Q4 2025?

Total deposits rose by $46.4M in Q4 to $1.43B; total loans increased by $4.6M to $1.141B.