Jeffersonville Bancorp Announces Second Quarter Earnings of $3,290,000 or $0.78 per share; Declares Dividend of $0.15

Jeffersonville Bancorp (OTCQB:JFBC) reported strong Q2 2025 earnings with net income of $3.29 million or $0.78 per share, up from $3.03 million or $0.72 per share in Q2 2024.

Rhea-AI Summary

Jeffersonville Bancorp (OTCQB:JFBC) reported strong Q2 2025 earnings with net income of $3.29 million or $0.78 per share, up from $3.03 million or $0.72 per share in Q2 2024. The company's performance was driven by decreased interest expenses, increased loan interest, and reduced non-interest expenses.

Year-to-date net income reached $6.01 million ($1.42 per share), compared to $5.58 million ($1.32 per share) in the same period of 2024. The Board declared a quarterly dividend of $0.15 per share, payable on September 4, 2025.

The bank's success is attributed to its stable deposit base and strategic positioning in the current rate environment, leveraging its 112-year history of community involvement across its ten branches in Sullivan and Orange County, New York.

Positive

• Q2 net income increased 8.5% year-over-year to $3.29 million
• Interest expense decreased by $589,000 in Q2
• Loan interest and fees increased by $533,000
• Non-interest expense decreased by $172,000
• Strong loan growth reported in current rate environment

Negative

• Securities and other interest income decreased by $525,000
• Non-interest income decreased by $432,000
• Provision for credit losses increased by $26,000

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JEFFERSONVILLE, N.Y., Aug. 12, 2025 (GLOBE NEWSWIRE) -- Jeffersonville Bancorp, Inc. (OTCQB - JFBC) announced today second quarter net income of $3,290,000 or $0.78 per share compared to $3,031,000 or $0.72 per share for the same quarter in 2024. The increase in quarterly net income compared to 2024 of $259,000 was primarily attributable to a decrease in interest expense of $589,000, an increase in loan interest and fees of $533,000, and a decrease in non-interest expense of $172,000. The increase was partially offset by a decrease in securities and other interest income of $525,000, a decrease in non-interest income of $432,000 attributable to Bank Owned Life Insurance proceeds of $453,000 received in the same period in 2024, an increase in tax expense of $52,000, and an increase in provision for credit losses of $26,000.

Year to date net income as of June 30, 2025 was $6,008,000 or $1.42 per share compared to $5,584,000 or $1.32 per share for the same period in 2024. The increase in year-to-date net income compared to 2024 of $424,000 was primarily attributable to a decrease in interest expense of $1,210,000, an increase in loan interest and fees income of $861,000, and a decrease in non-interest expense of $96,000. The increase was partially offset by a decrease in securities and other interest income of $1,191,000, a decrease in non-interest income of $330,000 attributable to a net decrease in Bank Owned Life Insurance proceeds of $349,000 in the same period in 2024, an increase in provision for credit losses of $124,000, and an increase income tax expense of $98,000, compared to the same period in 2024.

“The Company continues to benefit from the current rate environment with strong loan growth and higher rates on securities,” said George W. Kinne, Jr., President and CEO. “Our stable deposit base continues to be a major contributor to our success and is a reflection of the Company’s 112 year history of community involvement and providing excellent service to our customers through the most convenient locations in our market area.”

A cash dividend in the amount of fifteen cents ($0.15) per share on the common stock of the company was declared at the August 12, 2025 meeting of the Board of Directors. The dividend is payable on September 4, 2025 to stockholders of record at the close of business on August 26, 2025.

Jeffersonville Bancorp is a one-bank holding company, which owns all the capital stock of Jeff Bank. Jeff Bank maintains ten full-service branches in Sullivan and Orange County, New York located in Anawana Lake Road/Monticello, Eldred, Callicoon, Jeffersonville, Liberty, Livingston Manor, Monticello, Port Jervis, White Lake, and Wurtsboro.

For More Information, call: 845-482-4000

Contact: George W. Kinne, Jr., President – CEO

FAQ

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What was Jeffersonville Bancorp's (JFBC) Q2 2025 earnings per share?

Jeffersonville Bancorp reported earnings of $0.78 per share for Q2 2025, up from $0.72 per share in Q2 2024.

What dividend did JFBC declare in August 2025?

JFBC declared a cash dividend of $0.15 per share, payable on September 4, 2025, to stockholders of record as of August 26, 2025.

How did Jeffersonville Bancorp's net income change in Q2 2025 compared to Q2 2024?

JFBC's net income increased by $259,000, from $3.03 million in Q2 2024 to $3.29 million in Q2 2025.

What were the main factors driving JFBC's earnings growth in Q2 2025?

The growth was primarily driven by a $589,000 decrease in interest expense, a $533,000 increase in loan interest and fees, and a $172,000 decrease in non-interest expense.

How many branches does Jeffersonville Bancorp operate?

Jeffersonville Bancorp operates ten full-service branches across Sullivan and Orange County, New York.