LINKBANCORP, Inc. Announces Strong Second Quarter 2025 Earnings and Declares Dividend

Rhea-AI Summary

LINKBANCORP (NASDAQ: LNKB) reported Q2 2025 net income of $7.4 million ($0.20 per diluted share), compared to Q1 2025's $15.3 million. The company demonstrated strong core performance with an annualized return on assets of 1.05% and declared a quarterly dividend of $0.075 per share.

Key highlights include robust loan growth of $82.7 million (14.58% annualized) to $2.36 billion, and deposit growth of $22.7 million to $2.46 billion. Credit quality improved with non-performing assets declining by $4.2 million to $21.9 million (0.76% of total assets). The efficiency ratio improved to 64.73% with disciplined expense management, while maintaining a strong capital position with a Total Capital Ratio of 12.43%.

Insights

Banking Financial Analyst

LINKBANCORP delivered stable core earnings with strong loan growth and improving credit quality despite lower net interest margin.

LINKBANCORP reported $7.4 million in Q2 2025 net income ($0.20 per diluted share), maintaining stable core performance despite appearing lower than Q1's $15.3 million which included an $11.1 million one-time gain from a branch sale. On an adjusted basis excluding one-time items, earnings remained consistent at $7.4 million quarter-over-quarter.

The bank demonstrated impressive loan growth of $82.7 million in Q2 (14.58% annualized), significantly outpacing deposit growth of $22.7 million (3.74% annualized). This growth differential suggests strong lending demand but potentially increasing funding pressure.

Net interest margin contracted to 3.80% from 3.94% in Q1, primarily due to reduced purchase accounting accretion ($922,000 less than Q1) and slight increase in funding costs to 2.31%. This margin compression warrants attention as it impacts the core earnings engine.

Credit quality showed notable improvement with non-performing assets declining by $4.2 million to $21.9 million (0.76% of total assets versus 0.91% in Q1). The successful resolution of problem loans strengthened the allowance for credit losses to non-performing assets ratio to 112.68%, indicating enhanced loss absorption capacity.

Expense management was effective with adjusted noninterest expense decreasing by $697,000 quarter-over-quarter, improving the adjusted efficiency ratio to 64.73% from 66.96%. This disciplined approach to costs helps offset the pressure from margin compression.

The balance sheet remains well-capitalized with tangible book value per share increasing to $5.92 from $5.80 in Q1 and $5.07 a year ago, representing 17% year-over-year growth. The dividend declaration of $0.075 per share (1.5% yield at typical regional bank valuations) demonstrates management's confidence in sustainable earnings.

The key challenge ahead is managing the funding mix as the bank reduced brokered deposits by $28.6 million to $75 million while maintaining strong core deposit growth. The bank's core deposit growth of 10.1% annualized (excluding brokered deposits) represents a competitive advantage in the current environment.

HARRISBURG, Pa., July 28, 2025 /PRNewswire/ -- LINKBANCORP, Inc. (NASDAQ: LNKB) (the "Company"), the parent company of LINKBANK (the "Bank"), reported net income of $7.4 million, or $0.20 per diluted share, for the quarter ended June 30, 2025, compared to net income of $15.3 million, or $0.41 per diluted share, for the quarter ended March 31, 2025.  Excluding the sale of branches, merger and restructuring related income and expenses, adjusted earnings were $7.4 million¹, or $0.20¹ per diluted share for both the first and second quarter of 2025.

Additionally, the Company announced that the Board of Directors declared a quarterly cash dividend of $0.075 per share of common stock which is expected to be paid on September 15, 2025 to shareholders of record on August 29, 2025.

Second Quarter 2025 Highlights

• Stable, strong core earnings. Annualized return on average assets was 1.05% for the second quarter of 2025, compared to 2.19% for the first quarter of 2025 and 0.84% for the second quarter of 2024. Adjusted return on average assets was 1.05%¹ for the second quarter of 2025, compared to 1.05%¹ for the first quarter of 2025 and 0.91%¹ for the second quarter of 2024.
  
  
• Robust balance sheet growth. Total loans at June 30, 2025 were $2.36 billion, compared to $2.27 billion at March 31, 2025 and $2.35 billion at December 31, 2024, representing a quarterly increase of $82.7 million or 14.58% annualized and a year-to-date increase of $107.0 million² or 9.19% annualized excluding the impact of the sale of banking operations and branches in New Jersey, including related loans and deposits (the "Branch Sale"). Total deposits at June 30, 2025 were $2.46 billion compared to $2.43 billion at March 31, 2025 and $2.45 billion at December 31, 2024, representing a quarterly increase of $22.7 million, or 3.74% annualized and a year-to-date increase of $89.36 million² or 7.34% excluding the impact of the Branch Sale.

• Improving credit quality. The Company's non-performing assets declined by $4.2 million to $21.9 million, representing 0.76% of total assets at June 30, 2025, compared to $26.0 million, representing 0.91% of total assets at March 31, 2025. This decrease was driven by resolutions to several loan relationships including a purchased credit deteriorated loan that was resolved at an amount greater than its purchase date fair value. The successful resolutions have decreased specific reserve needs by $2.5 million while enhancing the ratio of the allowance for credit losses-loans to nonperforming assets to 112.68% at June 30, 2025, compared to 102.22% at March 31, 2025.
  
  
• Disciplined expense management. GAAP noninterest expense for the second quarter of 2025 was $18.1 million with an efficiency ratio of 64.79%, compared to $19.7 million of GAAP noninterest expense with an efficiency ratio of 50.29% for the first quarter of 2025. Excluding non-core operating expenses, the adjusted noninterest expense decreased $697 thousand¹ quarter over quarter from $18.7 million¹ for the quarter ended March 31, 2025 to $18.0 million¹ for the quarter ended June 30, 2025. The Company's adjusted efficiency ratio improved to 64.73%¹ for the quarter ended June 30, 2025 compared to 66.96%¹ for the quarter ended March 31, 2025.

1 See Appendix A – Reconciliation to Non-GAAP Financial Measures for the computation of this non-GAAP measure.

2 See Loan and Deposit Tables for Branch Sale Reconciliation.

"We are pleased to report another quarter of strong core earnings, combined with exceptional loan and deposit growth throughout our entire footprint," said Andrew Samuel, Chief Executive Officer of LINKBANCORP. "We remain focused on improving operating efficiency and expanding noninterest income to support our core business and enabling us to deliver sustainable long-term value to our shareholders."

Income Statement
Net interest income before the provision for credit losses for the second quarter of 2025 was $24.9 million compared to $25.8 million in the first quarter of 2025 and $24.5 million for the second quarter of 2024. Net interest margin was 3.80% for the second quarter of 2025 compared to 3.94% for the first quarter of 2025. Net interest income was impacted by a linked quarter decline in purchase accounting accretion, together with a decrease in the average balances of loans and deposits due to the March 31, 2025 completion of the Branch Sale.  Interest income from purchase accounting accretion during the current quarter was approximately $922 thousand less than that recognized in the first quarter of 2025. Cost of funds increased to 2.31% for the second quarter of 2025, compared to 2.29% for the first quarter of 2025, reflecting the lower cost of deposits included in the Branch Sale as well as continued competition for deposits in the Bank's markets.   

Noninterest income decreased quarter-over-quarter to $2.9 million for the second quarter of 2025 compared to $13.3 million for the first quarter of 2025 due to the $11.1 million pre-tax gain from the Branch Sale in the first quarter.  Excluding the gain on sale of the New Jersey branches, noninterest income grew by $769 thousand quarter-over-quarter, including increases in swap fee income and interchange income.  Year-over-year, noninterest income increased $1.1 million from $1.9 million for the second quarter of 2024.

Noninterest expense for the second quarter of 2025 was $18.1 million compared to $19.7 million for the first quarter of 2025 and $18.9 million for the second quarter of 2024.  Excluding non-core operating costs totaling $16 thousand in the second quarter of 2025, $912 thousand in the first quarter of 2025 and $631 thousand in the second quarter of 2024, adjusted noninterest expense decreased $697 thousand¹ from $18.7 million¹ for the first quarter of 2025 to $18.0 million¹ for the second quarter of 2025 while decreasing $220 thousand¹ year-over-year from $18.3 million¹ for the second quarter of 2024. Adjusted non-interest expense for the first quarter of 2025 excludes expenses related to the reduction of the size of the Board of Directors included in other noninterest expense, as well as bonus accruals related to the completion of the Branch Sale included in salaries and employee benefits expense, and other merger and restructuring costs. 

Income tax expense was $2.1 million for the second quarter of 2025, reflecting an effective tax rate of 22.0% compared to $3.9 million for the first quarter of 2025, reflecting an effective tax rate of 20.1% and $1.6 million for the second quarter of 2024, reflecting an effective tax rate of 22.0%, respectively. The tax rate increased quarter-over-quarter due to a state income tax apportionment adjustment in the first quarter of 2025.

1 See Appendix A – Reconciliation to Non-GAAP Financial Measures for the computation of this non-GAAP measure.

Balance Sheet
Total assets were $2.89 billion at June 30, 2025 compared to $2.86 billion at March 31, 2025 and $2.88 billion at December 31, 2024.  Deposits and net loans as of June 30, 2025 totaled $2.46 billion and $2.33 billion, respectively, compared to deposits and net loans of $2.43 billion and $2.25 billion, respectively at March 31, 2025 and $2.36 billion and $2.23 billion, respectively, at December 31, 2024.  Deposits and net loans exclude recorded balances held for sale in the Branch Sale of $93.6 million and $91.8 million, respectively, at December 31, 2024, which are reflected within liabilities held for sale and assets held for sale.

Total loans at June 30, 2025 were $2.36 billion, compared to $2.27 billion at March 31, 2025, representing an increase of $82.7 million. Year-to-date, total loans have increased $107.0 million² from December 31, 2024, excluding the impact of the Branch Sale, or 9.19% annualized. Total commercial loan commitments originated in the second quarter of 2025 were $154.6 million with funded balances of $137.1 million. The average commercial loan commitment originated during the second quarter of 2025 totaled approximately $985 thousand with an average outstanding funded balance of $873 thousand.

Total deposits at June 30, 2025 were $2.46 billion compared to $2.43 billion at March 31, 2025, representing an increase of $22.7 million. Year-to-date, total deposits have increased $89.4 million² from December 31, 2024, excluding the impact of the Branch Sale, or 7.34% annualized. Noninterest bearing deposits totaled $646.7 million at June 30, 2025, generally flat from March 31, 2025. Brokered deposits decreased $28.6 million from $103.6 million at March 31, 2025 to $75.0 million at June 30, 2025.  Excluding the $28.6 million change in brokered deposits and the impact from the Branch Sale, deposits increased $118.0 million² year-to-date representing an annualized growth rate of 10.1%.

The Company continues to maintain strong on-balance sheet liquidity, as cash and cash equivalents were $155.1 million at June 30, 2025 compared to $220.2 million at March 31, 2025 and $166.1 million at December 31, 2024.

Shareholders' equity increased to $298.0 million at June 30, 2025 from $294.1 million at March 31, 2025 primarily as a result of a $4.6 million increase in retained earnings.  Book value per share increased to $7.96 at June 30, 2025 compared to $7.87 at March 31, 2025.  Tangible book value per share increased to $5.92¹ at June 30, 2025 compared to $5.80¹ at March 31, 2025 and $5.07¹ at June 30, 2024, representing 17% growth year over year.

1 See Appendix A – Reconciliation to Non-GAAP Financial Measures for the computation of this non-GAAP measure.

2 See Loan and Deposit Tables for Branch Sale Reconciliation.

Asset Quality
The Company recorded a $344 thousand provision for credit losses during the second quarter of 2025, after recording a $228 thousand provision for credit losses in the first quarter of 2025. The increase in provision was primarily related to commercial loan growth during the second quarter of 2025.

As of June 30, 2025, the Company's non-performing assets declined by $4.2 million to $21.9 million, representing 0.76% of total assets, compared to $26.0 million, representing 0.91% of total assets at March 31, 2025. This improvement was driven largely by the favorable resolution of a purchased credit deteriorated (PCD) loan above its purchase date fair value.

Loans 30-89 days past due at June 30, 2025 were $14.5 million, representing 0.62% of total loans compared to $12.7 million or 0.56% of total loans at March 31, 2025 and $2.9 million or 0.13% of total loans at December 31, 2024.

The allowance for credit losses for loans was $24.7 million, or 1.05% of total loans held for investment at June 30, 2025, compared to $26.6 million, or 1.17% of total loans held for investment at March 31, 2025.  Due to the resolution of certain nonperforming loans resulting in the improvement in nonperforming assets noted above, the required specific reserve on loans decreased by $2.5 million from March 31, 2025 to June 30, 2025. The ratio of the allowance for credit losses for loans to nonperforming assets increased to 112.68% at June 30, 2025, compared to 102.22% at March 31, 2025.

Net charge-offs continue to improve as the Company recorded $40 thousand in net charge-offs during the second quarter of 2025 compared to $81 thousand for the first quarter of 2025 and $252 thousand in the fourth quarter of 2024.

Capital
The Bank's regulatory capital ratios were well in excess of regulatory minimums to be considered "well capitalized" as of June 30, 2025. The Bank's Total Capital Ratio and Tier 1 Capital Ratio were 12.43% and 11.51% respectively, at June 30, 2025, compared to 12.61% and 11.71%, respectively, at March 31, 2025 and 11.09% and 10.30%, respectively, at June 30, 2024. The Company's ratio of Tangible Common Equity to Tangible Assets was 7.89%¹ at June 30, 2025 compared to 7.78%¹ at March 31, 2025.

1 See Appendix A – Reconciliation to Non-GAAP Financial Measures for the computation of this non-GAAP measure.

ABOUT LINKBANCORP, Inc.
LINKBANCORP, Inc. was formed in 2018 with a mission to positively impact lives through community banking. Its subsidiary bank, LINKBANK, is a Pennsylvania state-chartered bank serving individuals, families, nonprofits and business clients throughout Pennsylvania, Maryland, Delaware and Virginia, through 24 client solutions centers and www.linkbank.com. LINKBANCORP, Inc. common stock is traded on the Nasdaq Capital Market under the symbol "LNKB". For further company information, visit ir.linkbancorp.com.

Forward Looking Statements
This press release contains forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. Forward-looking statements are not statements of current or historical fact and involve substantial risks and uncertainties. Words such as "anticipates," "believes," "estimates," "expects," "forecasts," "intends," "plans," "projects," "may," "will," "should," and other similar expressions can be used to identify forward-looking statements. Such statements are subject to factors that could cause actual results to differ materially from anticipated results. Among the risks and uncertainties that could cause actual results to differ from those described in the forward-looking statements include, but are not limited to the following: costs or difficulties associated with newly developed or acquired operations; changes in general economic trends, including inflation, tariffs and changes in interest rates; increased competition; changes in consumer demand for financial services; our ability to control costs and expenses; adverse developments in borrower industries and, in particular, declines in real estate values; changes in and compliance with federal and state laws that regulate our business and capital levels; our ability to raise capital as needed; and the effects of any cybersecurity breaches. The Company does not undertake, and specifically disclaims, any obligation to publicly revise any forward-looking statements to reflect the occurrence of anticipated or unanticipated events or circumstances after the date of such statements, except as required by law. Accordingly, you should not place undue reliance on forward-looking statements. 

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LINKBANCORP, Inc. and Subsidiaries
Consolidated Balance Sheet (Unaudited)
	June 30, 2025		March 31, 2025		December 31, 2024		September 30, 2024		June 30, 2024
(In Thousands, except share and per share data)
ASSETS
Noninterest-bearing cash equivalents	$          15,319		$          14,830		$              13,834		$              15,295		$        14,516
Interest-bearing deposits with other institutions	139,764		205,352		152,266		175,937		167,141
Cash and cash equivalents	155,083		220,182		166,100		191,232		181,657
Securities available for sale, at fair value	169,569		159,183		145,590		149,315		140,121
Securities held to maturity, net of allowance for credit losses	26,809		27,662		31,508		34,155		35,343
Loans receivable, gross	2,356,609		2,273,941		2,255,749		2,215,868		2,193,197
Allowance for credit losses - loans	(24,651)		(26,619)		(26,435)		(26,542)		(26,288)
Loans receivable, net	2,331,958		2,247,322		2,229,314		2,189,326		2,166,909
Investments in restricted bank stock	4,821		4,780		5,209		4,904		4,928
Premises and equipment, net	15,861		17,920		18,029		17,623		18,364
Right-of-Use Asset – premises	15,410		14,537		14,913		14,150		13,970
Bank-owned life insurance	52,943		52,507		52,079		51,646		49,616
Goodwill and other intangible assets	76,296		77,379		79,761		80,924		82,129
Deferred tax asset	16,474		16,729		18,866		21,662		22,024
Assets held for sale	—		—		94,146		104,660		118,362
Accrued interest receivable and other assets	21,330		23,288		23,263		20,344		25,170
TOTAL ASSETS	$     2,886,554		$     2,861,489		$         2,878,778		$         2,879,941		$   2,858,593
LIABILITIES
Deposits:
Demand, noninterest bearing	$        646,654		$        646,002		$            658,646		$            658,473		$      661,292
Interest bearing	1,809,755		1,787,692		1,701,936		1,714,179		1,699,220
Total deposits	2,456,409		2,433,694		2,360,582		2,372,652		2,360,512
Long-term borrowings	40,000		40,000		40,000		40,000		40,000
Short-term borrowings	—		—		10,000		—		—
Note payable	—		559		565		572		578
Subordinated debt	62,279		62,129		61,984		61,843		61,706
Lease liabilities	15,740		15,284		15,666		14,911		14,746
Liabilities held for sale	—		—		93,777		94,228		96,916
Accrued interest payable and other liabilities	14,128		15,757		15,983		18,382		12,726
TOTAL LIABILITIES	2,588,556		2,567,423		2,598,557		2,602,588		2,587,184
SHAREHOLDERS' EQUITY
Preferred stock	—		—		—		—		—
Common stock	370		370		370		370		370
Surplus	265,293		264,871		264,449		264,059		263,795
Retained earnings	37,107		32,507		19,947		15,147		10,826
Accumulated other comprehensive loss	(4,772)		(3,682)		(4,545)		(2,223)		(3,582)
TOTAL SHAREHOLDERS' EQUITY	297,998		294,066		280,221		277,353		271,409
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	$     2,886,554		$     2,861,489		$         2,878,778		$         2,879,941		$   2,858,593
Common shares outstanding	37,441,879		37,377,342		37,370,917		37,361,560		37,356,278

 

LINKBANCORP, Inc. and Subsidiaries
Consolidated Statements of Operations (Unaudited)
		Three Months Ended						Six Months Ended
		6/30/2025		3/31/2025		6/30/2024		6/30/2025		6/30/2024
(In Thousands, except share and per share data)
INTEREST AND DIVIDEND INCOME
Loans receivable, including fees		$       36,032		$          37,041		$         36,112		$          73,073		$           72,237
Other		3,294		3,101		3,337		6,395		5,987
Total interest and dividend income		39,326		40,142		39,449		79,468		78,224
INTEREST EXPENSE
Deposits		12,467		12,357		13,071		24,824		24,918
Other Borrowings		931		986		932		1,917		2,018
Subordinated Debt		979		968		962		1,947		1,920
Total interest expense		14,377		14,311		14,965		28,688		28,856
NET INTEREST INCOME BEFORE    PROVISION FOR CREDIT LOSSES		24,949		25,831		24,484		50,780		49,368
Provision for credit losses		344		228		—		572		40
NET INTEREST INCOME AFTER    PROVISION FOR CREDIT LOSSES		24,605		25,603		24,484		50,208		49,328
NONINTEREST INCOME
Service charges on deposit accounts		1,056		1,061		865		2,117		1,645
Bank-owned life insurance		436		428		386		864		769
Net realized gains (losses) on the sale of debt securities		—		—		4		—		4
Gain on sale of loans		128		77		12		205		62
Gain on sale of branches		—		11,093		—		11,093		—
Other		1,313		598		591		1,911		1,107
Total noninterest income		2,933		13,257		1,858		16,190		3,587
NONINTEREST EXPENSE
Salaries and employee benefits		10,252		11,156		9,941		21,408		21,059
Occupancy		1,308		1,464		1,559		2,772		3,137
Equipment and data processing		2,052		2,043		1,824		4,095		3,650
Professional fees		728		487		788		1,215		1,536
FDIC insurance and supervisory fees		537		599		545		1,136		897
Bank Shares Tax		(82)		614		760		532		1,351
Intangible amortization		1,083		1,084		1,204		2,167		2,411
Merger & restructuring expenses		16		41		631		57		687
Advertising		176		144		241		320		475
Other		1,995		2,026		1,407		4,021		2,947
Total noninterest expense		18,065		19,658		18,900		37,723		38,150
Income before income tax expense		9,473		19,202		7,442		28,675		14,765
Income tax expense		2,086		3,859		1,638		5,945		3,235
NET  INCOME		$         7,387		$          15,343		$           5,804		$          22,730		$           11,530
EARNINGS PER SHARE, BASIC		$           0.20		$              0.41		$             0.16		$              0.61		$               0.31
EARNINGS PER SHARE, DILUTED		$           0.20		$              0.41		$             0.16		$              0.61		$               0.31
WEIGHTED-AVERAGE COMMON SHARES    OUTSTANDING,
BASIC		37,136,851		37,105,480		36,970,768		37,122,883		36,966,371
DILUTED		37,244,008		37,221,939		37,040,748		37,231,839		37,042,895

 

LINKBANCORP, Inc. and Subsidiaries
Financial Highlights (Unaudited)
	For the Three Months Ended						For the Six Months Ended
(Dollars In Thousands, except per share data)	6/30/2025		3/31/2025		6/30/2024		6/30/2025		6/30/2024
Operating Highlights
Net Income	$             7,387		$         15,343		$                 5,804		$              22,730		$           11,530
Net Interest Income	24,949		25,831		24,484		50,780		49,368
Provision for Credit Losses	344		228		—		572		40
Non-Interest Income	2,933		13,257		1,858		16,190		3,587
Non-Interest Expense	18,065		19,658		18,900		37,723		38,150
Earnings per Share, Basic	0.20		0.41		0.16		0.61		0.31
Adjusted Earnings per Share, Basic (2)	0.20		0.20		0.17		0.40		0.33
Earnings per Share, Diluted	0.20		0.41		0.16		0.61		0.31
Adjusted Earnings per Share, Diluted (2)	0.20		0.20		0.17		0.40		0.33
Selected Operating Ratios
Net Interest Margin	3.80 %		3.94 %		3.83 %		3.87 %		3.92 %
Annualized Return on Assets ("ROA")	1.05 %		2.19 %		0.84 %		1.62 %		0.85 %
Adjusted ROA2	1.05 %		1.05 %		0.91 %		1.05 %		0.89 %
Annualized Return on Equity ("ROE")	10.04 %		21.90 %		8.65 %		15.83 %		8.63 %
Adjusted ROE2	10.06 %		10.56 %		9.39 %		10.31 %		9.04 %
Efficiency Ratio	64.79 %		50.29 %		71.75 %		56.33 %		72.04 %
Adjusted Efficiency Ratio3	64.73 %		66.96 %		69.36 %		65.85 %		70.75 %
Noninterest Income to Avg. Assets	0.42 %		1.89 %		0.27 %		1.15 %		0.26 %
Noninterest Expense to Avg. Assets	2.57 %		2.80 %		2.73 %		2.68 %		2.80 %
	6/30/2025		3/31/2025		12/31/2024		9/30/2024		6/30/2024
Financial Condition Data
Total Assets	$      2,886,554		$     2,861,489		$           2,878,778		$         2,879,941		$       2,858,593
Loans Receivable, Net	2,331,958		2,247,322		2,229,314		2,189,326		2,166,909
Noninterest-bearing Deposits	646,654		646,002		658,646		658,473		661,292
Interest-bearing Deposits	1,809,755		1,787,692		1,701,936		1,714,179		1,699,220
Total Deposits	$      2,456,409		$     2,433,694		$           2,360,582		$         2,372,652		$       2,360,512
Selected Balance Sheet Ratios
Total Capital Ratio1	12.43 %		12.61 %		11.55 %		11.44 %		11.09 %
Tier 1 Capital Ratio1	11.51 %		11.71 %		10.74 %		10.62 %		10.30 %
Common Equity Tier 1 Capital Ratio1	11.51 %		11.71 %		10.74 %		10.62 %		10.30 %
Leverage Ratio1	10.34 %		10.02 %		9.49 %		9.41 %		9.17 %
Tangible Common Equity to Tangible Assets4	7.89 %		7.78 %		7.16 %		7.02 %		6.82 %
Tangible Book Value per Share5	$              5.92		$             5.80		$                   5.36		$                 5.26		$               5.07
Asset Quality Data
Non-performing Assets	$           21,877		$         26,041		$               17,173		$              17,378		$           10,589
Non-performing Assets to Total Assets	0.76 %		0.91 %		0.60 %		0.60 %		0.37 %
Non-performing Loans to Total Loans	0.93 %		1.15 %		0.76 %		0.78 %		0.48 %
Allowance for Credit Losses - Loans ("ACLL")	$           24,651		$         26,619		$               26,435		$              26,542		$           26,288
ACLL to Total Loans	1.05 %		1.17 %		1.17 %		1.20 %		1.20 %
ACLL to Nonperforming Assets	112.68 %		102.22 %		153.93 %		152.73 %		248.26 %
Net chargeoffs (recoveries)(6)	$                 40		$                81		$                    252		$                   (28)		$                (20)
(1) - These capital ratios have been calculated using bank-level capital
(2) - This is a non-GAAP financial measure. See our reconciliation of non-GAAP financial measures to their most directly comparable GAAP financial measures at the end of this release.
(3) - The efficiency ratio, as adjusted represents noninterest expense divided by the sum of net interest income and noninterest income, excluding gains or losses from securities sales and merger related expenses. This is a non-GAAP financial measure. See our reconciliation of non-GAAP financial measures to their most directly comparable GAAP financial measures at the end of this release.
(4) - We calculate tangible common equity as total shareholders' equity less goodwill and other intangibles, and we calculate tangible assets as total assets less goodwill and other intangibles. This is a non-GAAP financial measure. See our reconciliation of non-GAAP financial measures to their most directly comparable GAAP financial measures at the end of this release.
(5) - We calculate tangible book value per common share as total shareholders' equity less goodwill and other intangibles, divided by the outstanding number of shares of our common stock at the end of the relevant period. Tangible book value per common share is a non-GAAP financial measure, and, as we calculate tangible book value per common share, the most directly comparable GAAP financial measure is book value per common share.  See our reconciliation of non-GAAP financial measures to their most directly comparable GAAP financial measures at the end of this release.
(6) - Charge offs for the three months ended June 30, 2025 do not include the impact of a settlement of a purchase credit deteriorated loan ("PCD") that resulted in a net decrease to the allowance of $2.0 million, which was covered by a specific reserve established on this PCD loan at the time of acquisition.

 

LINKBANCORP, Inc. and Subsidiaries
Net Interest Margin - Linked Quarter-To-Date (Unaudited)
		For the Three Months Ended
		June 30, 2025						March 31, 2025
(Dollars in thousands)		Avg Bal		Interest (2)		Yield/Rate		Avg Bal		Interest (2)		Yield/Rate
Int. Earn. Cash		$                 114,315		$            1,097		3.85 %		$        119,269		$               972		3.31 %
Securities
Taxable (1)		152,185		1,819		4.79 %		142,867		1,749		4.96 %
Tax-Exempt		42,688		478		4.50 %		43,845		481		4.45 %
Total Securities		194,873		2,297		4.73 %		186,712		2,230		4.84 %
Total Cash Equiv. and Investments		309,188		3,394		4.40 %		305,981		3,202		4.24 %
Total Loans (3)		2,324,897		36,032		6.22 %		2,350,031		37,041		6.39 %
Total Earning Assets		2,634,085		39,426		6.00 %		2,656,012		40,243		6.14 %
Other Assets		183,203						191,469
Total Assets		$              2,817,288						$     2,847,481
Interest bearing demand		$                 547,177		3,207		2.35 %		$        545,475		3,048		2.27 %
Money market demand		553,294		3,099		2.25 %		555,663		2,937		2.14 %
Time deposits		609,322		6,161		4.06 %		632,649		6,372		4.08 %
Total Borrowings		152,668		1,910		5.02 %		149,922		1,954		5.29 %
Total Interest-Bearing Liabilities		1,862,461		14,377		3.10 %		1,883,709		14,311		3.08 %
Non Interest-Bearing Deposits		628,962						649,440
Total Cost of Funds		2,491,423		14,377		2.31 %		2,533,149		14,311		2.29 %
Other Liabilities		30,826						30,229
Total Liabilities		2,522,249						2,563,378
Shareholders' Equity		295,039						284,103
Total Liabilities & Shareholders' Equity		$              2,817,288						$     2,847,481
Net Interest Income/Spread (FTE)				25,049		2.90 %				25,932		3.06 %
Tax-Equivalent Basis Adjustment				(100)						(101)
Net Interest Income				$          24,949						$          25,831
Net Interest Margin						3.80 %						3.94 %
(1) Taxable income on securities includes income from available for sale securities and income from certificates of deposits with other banks.
(2) Income stated on a tax equivalent basis which is a non-GAAP measure and reconciled to GAAP at the bottom of the table
(3) Includes the balances of nonaccrual loans

 

LINKBANCORP, Inc. and Subsidiaries
Net Interest Margin - Quarter-To-Date (Unaudited)
		For the Three Months Ended June 30,
		2025						2024
(Dollars in thousands)		Avg Bal		Interest (2)		Yield/Rate		Avg Bal		Interest (2)		Yield/Rate
Int. Earn. Cash		$                114,315		$                    1,097		3.85 %		$                121,340		$                    1,395		4.62 %
Securities
Taxable (1)		152,185		1,819		4.79 %		125,885		1,592		5.09 %
Tax-Exempt		42,688		478		4.50 %		41,776		443		4.26 %
Total Securities		194,873		2,297		4.73 %		167,661		2,035		4.88 %
Total Cash Equiv. and Investments		309,188		3,394		4.40 %		289,001		3,430		4.77 %
Total Loans (3)		2,324,897		36,032		6.22 %		2,280,041		36,112		6.37 %
Total Earning Assets		2,634,085		39,426		6.00 %		2,569,042		39,542		6.19 %
Other Assets		183,203						212,097
Total Assets		$             2,817,288						$             2,781,139
Interest bearing demand		$                547,177		3,207		2.35 %		$                446,109		2,457		2.22 %
Money market demand		553,294		3,099		2.25 %		581,223		3,271		2.26 %
Time deposits		609,322		6,161		4.06 %		642,919		7,343		4.59 %
Total Borrowings		152,668		1,910		5.02 %		151,596		1,894		5.02 %
Total Interest-Bearing Liabilities		1,862,461		14,377		3.10 %		1,821,847		14,965		3.30 %
Non Interest-Bearing Deposits		628,962						657,939
Total Cost of Funds		2,491,423		14,377		2.31 %		2,479,786		14,965		2.43 %
Other Liabilities		30,826						31,519
Total Liabilities		2,522,249						2,511,305
Shareholders' Equity		295,039						269,834
Total Liabilities & Shareholders' Equity		$             2,817,288						$             2,781,139
Net Interest Income/Spread (FTE)				25,049		2.90 %				24,577		2.89 %
Tax-Equivalent Basis Adjustment				(100)						(93)
Net Interest Income				$                  24,949						$                  24,484
Net Interest Margin						3.80 %						3.83 %
(1) Taxable income on securities includes income from available for sale securities and income from certificates of deposits with other banks.
(2) Income stated on a tax equivalent basis which is a non-GAAP measure and reconciled to GAAP at the bottom of the table
(3) Includes the balances of nonaccrual loans

 

LINKBANCORP, Inc. and Subsidiaries
Net Interest Margin - Year-To-Date (Unaudited)
		For the Six Months Ended June 30,
		2025						2024
(Dollars in thousands)		Avg Bal		Interest (2)		Yield/Rate		Avg Bal		Interest (2)		Yield/Rate
Int. Earn. Cash		$                113,957		$                    2,069		3.66 %		$                102,471		$                    2,293		4.50 %
Securities
Taxable (1)		147,952		3,568		4.86 %		121,333		2,983		4.94 %
Tax-Exempt		43,240		959		4.47 %		42,344		900		4.27 %
Total Securities		191,192		4,527		4.78 %		163,677		3,883		4.77 %
Total Cash Equiv. and Investments		305,149		6,596		4.36 %		266,148		6,176		4.67 %
Total Loans (3)		2,340,413		73,073		6.30 %		2,263,595		72,237		6.42 %
Total Earning Assets		2,645,562		79,669		6.07 %		2,529,743		78,413		6.23 %
Other Assets		191,799						211,138
Total Assets		$             2,837,361						$             2,740,881
Interest bearing demand		$                546,906		$                    6,255		2.31 %		$                437,011		$                    4,400		2.02 %
Money market demand		557,551		6,036		2.18 %		584,121		6,445		2.22 %
Time deposits		621,040		12,533		4.07 %		628,616		14,073		4.50 %
Total Borrowings		151,269		3,864		5.15 %		144,509		3,938		5.48 %
Total Interest-Bearing Liabilities		1,876,766		28,688		3.08 %		1,794,257		28,856		3.23 %
Non Interest-Bearing Deposits		640,730						646,728
Total Cost of Funds		$             2,517,496		$                  28,688		2.30 %		$             2,440,985		$                  28,856		2.38 %
Other Liabilities		30,368						31,360
Total Liabilities		$             2,547,864						$             2,472,345
Shareholders' Equity		$                289,497						$                268,536
Total Liabilities & Shareholders' Equity		$             2,837,361						$             2,740,881
Net Interest Income/Spread (FTE)				50,981		2.99 %				49,557		3.00 %
Tax-Equivalent Basis Adjustment				(201)						(189)
Net Interest Income				$                  50,780						$                  49,368
Net Interest Margin						3.87 %						3.92 %
(1) Taxable income on securities includes income from available for sale securities and income from certificates of deposits with other banks.
(2) Income stated on a tax equivalent basis which is a non-GAAP measure and reconciled to GAAP at the bottom of the table
(3) Includes the balances of nonaccrual loans

 

LINKBANCORP, Inc. and Subsidiaries
Loans Receivable Detail (Unaudited)
(In Thousands)		June 30, 2025		March 31, 2025		December 31, 2024		September 30, 2024		June 30, 2024
Agriculture and farmland loans		$        61,996		$           66,684		$                67,741		$             65,166		$          66,937
Construction loans		140,976		136,421		158,296		175,373		201,174
Commercial & industrial loans		259,877		257,302		252,163		241,597		247,190
Commercial real estate loans
Multifamily		231,469		215,916		217,331		212,444		199,740
Owner occupied		502,515		472,895		493,906		500,643		492,065
Non-owner occupied		681,521		645,793		658,615		626,030		610,649
Residential real estate loans
First liens		375,879		378,420		399,476		400,869		400,098
Second liens and lines of credit		81,194		79,905		78,410		73,591		71,168
Consumer and other loans		17,525		17,097		17,087		17,498		15,514
Municipal loans		2,917		3,012		3,886		4,296		4,362
		2,355,869		2,273,445		2,346,911		2,317,507		2,308,897
Deferred costs		740		496		645		634		478
Total loans receivable		2,356,609		2,273,941		2,347,556		2,318,141		2,309,375
Less: Loans held for sale		—		—		91,807		102,273		116,178
Loans Held for Investment		$   2,356,609		$      2,273,941		$           2,255,749		$        2,215,868		$     2,193,197
		$                -		$                   -		$                        -		$                    -		$                  -
				$                   -		$                        -		$                    -		$                  -
LINKBANCORP, Inc. and Subsidiaries
Loan Growth Calculation Excluding Branch Sale (Unaudited)
(In Thousands)				June 30, 2025
Total Loans at June 30, 2025				$      2,356,609
Total Loans at December 31, 2024				2,347,556
Year-to-date Change				9,053
Net Book Value of Loans Sold				97,952
Loan Growth Excluding Branch Sale				107,005
Annualized Growth Rate				9.19 %

 

LINKBANCORP, Inc. and Subsidiaries
Investments in Securities Detail (Unaudited)
		June 30, 2025
(In Thousands)		Amortized Cost		Net Unrealized Gains (Losses)		Fair Value
Available for Sale:
US Government Agency securities		$        13,177		$                   168		$        13,345
Obligations of state and political subdivisions		50,758		(4,438)		46,320
Mortgage-backed securities in government-sponsored entities		111,564		(2,010)		109,554
Other securities		357		(7)		350
		$      175,856		$              (6,287)		$      169,569
		Amortized Cost		Net Unrealized Losses		Fair Value		Allowance for Credit Losses
Held to Maturity:
Corporate debentures		$        12,250		$                 (728)		$        11,522		$            (475)
Structured mortgage-backed securities		15,034		(452)		14,582		—
		$        27,284		$              (1,180)		$        26,104		$            (475)
		December 31, 2024
(In Thousands)		Amortized Cost		Net Unrealized Gains (Losses)		Fair Value
Available for Sale:
US Government Agency securities		$        13,017		$                     56		$        13,073
Obligations of state and political subdivisions		51,254		(4,053)		47,201
Mortgage-backed securities in government-sponsored entities		88,289		(3,506)		84,783
Other securities		542		(9)		533
		$      153,102		$              (7,512)		$      145,590
		Amortized Cost		Net Unrealized Losses		Fair Value		Allowance for Credit Losses
Held to Maturity:
Corporate debentures		$        15,250		$                 (984)		$        14,266		$            (459)
Structured mortgage-backed securities		16,717		(699)		16,018		—
		$        31,967		$              (1,683)		$        30,284		$            (459)

 

LINKBANCORP, Inc. and Subsidiaries
Deposits Detail (Unaudited)
(In Thousands)		June 30, 2025		March 31, 2025		December 31, 2024		September 30, 2024		June 30, 2024
Demand, noninterest-bearing		$        646,654		$                          646,002		$               686,510		$             687,536		$            692,095
Demand, interest-bearing		576,050		577,170		537,546		547,099		488,043
Money market and savings		580,143		553,240		553,807		585,395		582,561
Time deposits, $250 and over		177,897		166,441		167,165		169,616		156,621
Time deposits, other		400,665		387,226		405,493		401,976		393,603
Brokered deposits		75,000		103,615		103,615		75,000		144,429
		2,456,409		2,433,694		2,454,136		2,466,622		2,457,352
Less: Deposits held for sale		—		—		93,554		93,970		96,840
Total deposits		$     2,456,409		$                       2,433,694		$            2,360,582		$          2,372,652		$         2,360,512
Average Deposits Detail, for the Three Months Ended (Unaudited)
(In Thousands)		June 30, 2025		March 31, 2025		December 31, 2024		September 30, 2024		June 30, 2024
Demand, noninterest-bearing		$        628,962		$                          649,440		$               665,276		$             659,825		$            657,939
Demand, interest-bearing		547,177		545,475		537,856		497,100		446,109
Money market and savings		553,294		555,663		567,593		580,766		581,223
Time deposits		575,205		576,366		568,615		560,815		547,582
Brokered deposits		34,117		56,283		38,616		52,587		95,337
Total deposits		$     2,338,755		$                       2,383,227		$            2,377,956		$          2,351,093		$         2,328,190
Balances in table above include deposits held for sale
LINKBANCORP, Inc. and Subsidiaries
Deposit Growth Calculation Excluding Branch Sale (Unaudited)
(In Thousands)				June 30, 2025
Total Deposits at June 30, 2025				$                       2,456,409
Total Deposits at December 31, 2024				2,454,136
Year-to-date Change				2,273
Net Book Value of Deposits Sold				87,086
Quarterly Deposit Growth Excluding Branch Sale				89,359
Annualized Growth Rate				7.34 %

Appendix A – Reconciliation to Non-GAAP Financial Measures
This document contains supplemental financial information determined by methods other than in accordance with accounting principles generally accepted in the United States of America ("GAAP"). Management uses these non-GAAP measures in its analysis of the Company's performance. These measures should not be considered a substitute for GAAP basis measures nor should they be viewed as a substitute for operating results determined in accordance with GAAP. Management believes the presentation of non-GAAP financial measures that exclude the impact of specified items provide useful supplemental information that is essential to a proper understanding of the Company's financial condition and results. Non-GAAP measures are not formally defined under GAAP, and other entities may use calculation methods that differ from those used by us. As a complement to GAAP financial measures, our management believes these non-GAAP financial measures assist investors in comparing the financial condition and results of operations of financial institutions due to the industry prevalence of such non-GAAP measures. See the tables below for a reconciliation of these non-GAAP measures to the most directly comparable GAAP financial measures.

 

Adjusted Return on Average Assets
		For the Three Months Ended						For the Six Months Ended
(Dollars in thousands)		6/30/2025		3/31/2025		6/30/2024		6/30/2025		6/30/2024
Net income		$          7,387		$           15,343		$             5,804		$           22,730		$          11,530
Average assets		2,817,288		2,847,481		2,781,139		2,837,361		2,740,881
Return on average assets (annualized)		1.05 %		2.19 %		0.84 %		1.62 %		0.85 %
Net income		$          7,387		$           15,343		$             5,804		22,730		11,530
Gain on sale of branches		—		(11,093)		—		(11,093)		—
Tax effect(1)		—		2,440		—		2,440		—
Transaction bonus accrual		—		490		—		490		—
Tax effect(1)		—		(108)		—		(108)		—
Board restructuring accrual		—		381		—		381		—
Tax effect(1)		—		(84)		—		(84)		—
Net losses on sale of securities		—		—		(4)		—		(4)
Tax effect(1)		—		—		1		—		1
Merger & restructuring expenses		16		41		631		57		687
Tax effect(1)		(4)		(9)		(133)		(13)		(144)
Adjusted Net Income (Non-GAAP)		$          7,399		$             7,401		$             6,299		$           14,800		12,070
Average assets		$   2,817,288		$      2,847,481		$      2,781,139		$      2,837,361		2,740,881
Adjusted return on average assets (annualized) (Non-GAAP)		1.05 %		1.05 %		0.91 %		1.05 %		0.89 %
(1) Tax effect was 22% for the three months ended June 30, 2025 and March 31, 2025, and six months ended June 30, 2025, and 21% for all other periods

 

Adjusted Return on Average Shareholders' Equity
		For the Three Months Ended						For the Six Months Ended
(Dollars in thousands)		6/30/2025		3/31/2025		6/30/2024		6/30/2025		6/30/2024
Net income		$        7,387		$       15,343		$         5,804		$      22,730		$          11,530
Average shareholders' equity		295,039		284,103		269,834		289,497		268,536
Return on average shareholders' equity (annualized)		10.04 %		21.90 %		8.65 %		15.83 %		8.63 %
Net income		$        7,387		$       15,343		$         5,804		$      22,730		$          11,530
Gain on sale of branches		—		(11,093)		—		(11,093)		—
Tax effect(1)		—		2,440		—		2,440		—
Transaction bonus accrual		—		490		—		490		—
Tax effect(1)		—		(108)		—		(108)		—
Board restructuring accrual		—		381		—		381		—
Tax effect(1)		—		(84)		—		(84)		—
Merger & restructuring expenses		16		41		631		57		687
Tax effect(1)		(4)		(9)		(133)		(13)		(144)
Net (gains) losses on sale of securities		—		—		(4)		—		(4)
Tax effect(1)		—		—		1		—		1
Adjusted Net Income (Non-GAAP)		$        7,399		$         7,401		$         6,299		$      14,800		$          12,070
Average shareholders' equity		$    295,039		$     284,103		$     269,834		$    289,497		$        268,536
Adjusted return on average shareholders' equity (annualized) (Non-GAAP)		10.06 %		10.56 %		9.39 %		10.31 %		9.04 %
(1) Tax effect was 22% for the three months ended June 30, 2025 and March 31, 2025, and six months ended June 30, 2025, and 21% for all other periods

 

Adjusted Earnings Per Share
	For the Three Months Ended						For the Six Months Ended
(Dollars in thousands, except per share data)	6/30/2025		3/31/2025		6/30/2024		6/30/2025		6/30/2024
GAAP-Based Earnings Per Share, Basic	$          0.20		$          0.41		$              0.16		$          0.61		$                  0.31
GAAP-Based Earnings Per Share, Diluted	$          0.20		$          0.41		$              0.16		$          0.61		$                  0.31
Net Income	$        7,387		$      15,343		$            5,804		$      22,730		$              11,530
Gain on sale of branches	—		(11,093)		—		(11,093)		—
Tax effect(1)	—		2,440		—		2,440		—
Transaction bonus accrual	—		490		—		490		—
Tax effect(1)	—		(108)		—		(108)		—
Board restructuring accrual	—		381		—		381		—
Tax effect(1)	—		(84)		—		(84)		—
Merger & restructuring expenses	16		41		631		57		687
Tax effect(1)	(4)		(9)		(133)		(13)		(144)
Net (gains) losses on sale of securities	—		—		(4)		—		(4)
Tax effect(1)	—		—		1		—		1
Adjusted Net Income (Non-GAAP)	$        7,399		$        7,401		$            6,299		$      14,800		$              12,070
Adjusted Earnings per Share, Basic (Non-GAAP)	$          0.20		$          0.20		$              0.17		$          0.40		$                  0.33
Adjusted Earnings per Share, Diluted (Non-GAAP)	$          0.20		$          0.20		$              0.17		$          0.40		$                  0.33
(1) Tax effect was 22% for the three months ended June 30, 2025 and March 31, 2025, and six months ended June 30, 2025, and 21% for all other periods

 

Adjusted Efficiency Ratio
	For the Three Months Ended						For the Six Months Ended
(Dollars in thousands)	6/30/2025		3/31/2025		6/30/2024		6/30/2025		6/30/2024
GAAP-based efficiency ratio	64.79 %		50.29 %		71.75 %		56.33 %		72.04 %
Net interest income	$      24,949		$      25,831		$      24,484		$      50,780		$      49,368
Noninterest income	2,933		13,257		1,858		16,190		3,587
Less: Gain on sale of branches	—		(11,093)		—		(11,093)		—
Less: net gains (losses) on sale of securities	—		—		(4)		—		(4)
Adjusted revenue (Non-GAAP)	27,882		27,995		26,338		55,877		52,951
Total noninterest expense	18,065		19,658		18,900		37,723		38,150
Less: Merger & restructuring expenses	16		41		631		57		687
Less: Transaction bonus accrual	—		490		—		490		—
Less: Board restructuring accrual	—		381		—		381		—
Adjusted non-interest expense	$      18,049		$      18,746		$      18,269		$      36,795		$      37,463
Efficiency ratio, as adjusted (Non-GAAP)	64.73 %		66.96 %		69.36 %		65.85 %		70.75 %

 

Tangible Common Equity and Tangible Book Value
(Dollars in thousands, except per share data)		6/30/2025		3/31/2025		12/31/2024		9/30/2024		6/30/2024
Tangible Common Equity
Total shareholders' equity		$        297,998		$       294,066		$       280,221		$       277,353		$        271,409
Adjustments:
Goodwill		(58,806)		(58,806)		(58,806)		(58,806)		(58,806)
Other intangible assets		(17,490)		(18,573)		(20,955)		(22,118)		(23,323)
Tangible common equity (Non-GAAP)		$        221,702		$       216,687		$       200,460		$       196,429		$        189,280
Common shares outstanding		37,441,879		37,377,342		37,370,917		37,361,560		37,356,278
Book value per common share		$              7.96		$             7.87		$             7.50		$             7.42		$              7.27
Tangible book value per common share (Non-GAAP)		$              5.92		$             5.80		$             5.36		$             5.26		$              5.07
Tangible Assets
Total assets		$     2,886,554		$    2,861,489		$    2,878,778		$    2,879,941		$     2,858,593
Adjustments:
Goodwill		(58,806)		(58,806)		(58,806)		(58,806)		(58,806)
Other intangible assets		(17,490)		(18,573)		(20,955)		(22,118)		(23,323)
Tangible assets (Non-GAAP)		$     2,810,258		$    2,784,110		$    2,799,017		$    2,799,017		$     2,776,464
Tangible common equity to tangible assets (Non-GAAP)		7.89 %		7.78 %		7.16 %		7.02 %		6.82 %

 

Adjusted Pre-tax, Pre-provision Net Income (Non-GAAP)
	For the Three Months Ended						For the Six Months Ended
(Dollars in thousands, except per share data)	6/30/2025		3/31/2025		6/30/2024		6/30/2025		6/30/2024
Net Income (GAAP)	$        7,387		$          15,343		$        5,804		$              22,730		$      11,530
Gain on sale of branches	—		(11,093)		—		(11,093)		—
Tax effect(1)	—		2,440		—		2,440		—
Transaction bonus accrual	—		490		—		490		—
Tax effect(1)	—		(108)		—		(108)		—
Board restructuring accrual	—		381		—		381		—
Tax effect(1)	—		(84)		—		(84)		—
Net (gains) losses on sale of securities	—		—		(4)		—		(4)
Tax effect(1)	—		—		1		—		1
Merger & restructuring expenses	16		41		631		57		687
Tax effect(1)	(4)		(9)		(133)		(13)		(144)
Adjusted Net Income (Non-GAAP)	7,399		7,401		6,299		14,800		12,070
Income tax expense	2,086		3,859		1,638		5,945		3,235
Provision for credit losses	344		228		—		572		40
Tax effect included in Adjusted Net Income	4		(2,239)		132		(2,235)		143
Adjusted Pre-tax, Pre-provision Net Income (Non-GAAP)	$        9,833		$            9,249		$        8,069		$              19,082		$      15,488
(1) Tax effect was 22% for the three months ended June 30, 2025 and March 31, 2025, and six months ended June 30, 2025, and 21% for all other periods

 

Contact:
Nick West
Director, Corporate Development
717.678.7935
IR@LINKBANCORP.COM

 

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