LINKBANCORP, Inc. Announces Strong Third Quarter 2025 Earnings and Declares Dividend
LINKBANCORP (NASDAQ: LNKB) reported Q3 2025 net income of $7.8M ($0.21 diluted) and declared a quarterly cash dividend of $0.075 per share payable Dec 15, 2025 to holders of record Nov 28, 2025.
Key financials: adjusted pre-tax pre-provision income $11.0M, total deposits $2.67B (up $211.7M vs June 30, 2025), total loans $2.46B (up $100.4M vs June 30, 2025), tangible book value per share $6.151 (up 16.92% YoY), and efficiency ratio improved to 62.25%.
Asset quality: provision for credit losses increased to $1.0M, allowance for loan losses $25.3M (1.03% of loans), nonperforming assets $24.6M (0.79% of assets).
LINKBANCORP (NASDAQ: LNKB) ha riportato utile netto del 3° trimestre 2025 di $7,8 milioni ($0,21 diluito) e ha dichiarato un dividendo in contanti trimestrale di $0,075 per azione, pagabile il 15 dicembre 2025 agli azionisti registrati al 28 novembre 2025.
Principali dati finanziari: reddito ante-imposte rettificato prima delle accantonamenti per perdite $11,0M, depositi totali $2,67 miliardi (in aumento di $211,7 milioni rispetto al 30 giugno 2025), prestiti totali $2,46 miliardi (in aumento di $100,4 milioni rispetto al 30 giugno 2025), valore contabile tangibile per azione $6,151 (in aumento del 16,92% su base annua), e l'indice di efficienza migliorato al 62,25%.
Qualità degli attivi: accantonamento per perdite su credito aumentato a $1,0M, fondo per perdite sui prestiti $25,3M (1,03% dei prestiti), attività non performanti $24,6M (0,79% degli attivi).
LINKBANCORP (NASDAQ: LNKB) reportó utilidad neta del 3T 2025 de $7.8M ($0.21 diluido) y declaró un dividendo en efectivo trimestral de $0.075 por acción pagadero el 15 de diciembre de 2025 a los accionistas registrados al 28 de noviembre de 2025.
Datos financieros clave: ingreso pre-impuestos ajustado antes de provisiones de $11.0M, depósitos totales $2.67B (un incremento de $211.7M frente al 30 de junio de 2025), préstamos totales $2.46B (un incremento de $100.4M frente al 30 de junio de 2025), valor contable tangible por acción $6.151 (sube 16.92% interanual), y la razón de eficiencia mejora a 62.25%.
Calidad de activos: la provisión para pérdidas crediticias aumentó a $1.0M, reserva para pérdidas de préstamos $25.3M (1.03% de los préstamos), activos no productivos $24.6M (0.79% de los activos).
LINKBANCORP (NASDAQ: LNKB)가 2025년 3분기 순이익 $7.8M($0.21 희석)과 함께 분기 현금 배당금으로 주당 $0.075를 발표했고 2025년 11월 28일 기준 주주에게 2025년 12월 15일에 지급됩니다.
주요 재무 지표: 조정 전세전 수익(세전, 대손충당전) $11.0M, 총 예금 $2.67B(2025년 6월 30일 대비 $211.7M 증가), 총 대출 $2.46B(2025년 6월 30일 대비 $100.4M 증가), 주당 실질 순자산가치 $6.151(전년 대비 16.92% 증가), 효율성 비율 62.25%로 개선.
자산 건전성: 대손충당금 위약 증가로 $1.0M, 대손충당금 적립액 $25.3M(대출의 1.03%), 비실행자산 $24.6M(자산의 0.79%).
LINKBANCORP (NASDAQ: LNKB) a enregistré un résultat net T3 2025 de 7,8 M$ (0,21$ dilué) et a déclaré un dividende trimestriel en espèces de 0,075$ par action, payable le 15 décembre 2025 aux actionnaires inscrits au 28 novembre 2025.
Principaux indicateurs financiers : résultat avant impôt ajusté avant provisions de 11,0 M$, dépôts totaux de 2,67 Md$ (en hausse de 211,7 M$ par rapport au 30 juin 2025), prêts totaux de 2,46 Md$ (en hausse de 100,4 M$ par rapport au 30 juin 2025), valeur comptable tangible par action de 6,151$ (hausse de 16,92% sur un an), et le ratio d'efficacité s'établit à 62,25% (+0, ?).
Qualité des actifs : la provision pour pertes sur crédits s’est accrue à 1,0 M$, marge de pertes sur prêts de 25,3 M$ (1,03% des prêts), actifs non performants de 24,6 M$ (0,79% des actifs).
LINKBANCORP (NASDAQ: LNKB) meldete Q3 2025 Nettogewinn von 7,8 Mio. USD (€0,21 verwässert) und kündigte eine vierteljährliche Bardividende von 0,075 USD pro Aktie an, die am 15. Dezember 2025 an die Anteilseigner mit Stichtag 28. November 2025 gezahlt wird.
Wichtige Kennzahlen: adjusted pre-tax pre-provision income $11,0M, Gesamtanlagen $2,67B (Anstieg um $211,7M gegenüber dem 30. Juni 2025), Gesamtkredite $2,46B (Anstieg um $100,4M gegenüber dem 30. Juni 2025), Tangible Book Value per Share $6,151 (Anstieg 16,92% y/y), und die Effizienzrate verbessert sich auf 62,25%.
Vermögensqualität: Rückstellung für Kreditverluste steigt auf $1,0M, Rücklage für Kreditausfälle $25,3M (1,03% der Kredite), notleidende Vermögenswerte $24,6M (0,79% der Vermögenswerte).
LINKBANCORP (NASDAQ: LNKB) أبلغت عن صافي الدخل للربع الثالث من 2025 قدره 7.8 مليون دولار (0.21 دولار مخفف) وأعلنت عن توزيعة نقدية ربع سنوية قدرها 0.075 دولار أمريكي للسهم تستحق في 15 ديسمبر 2025 للمساهمين المسجلين حتى 28 نوفمبر 2025.
البيانات المالية الأساسية: دخل قبل الضرائب المعدل قبل التكاليف من قبل الترتيبات البالغة 11.0 مليون دولار, ودائع إجمالية 2.67 مليار دولار (ارتفاع بمقدار 211.7 مليون دولار مقارنة ب30 يونيو 2025)، قروض إجمالية 2.46 مليار دولار (ارتفاع بمقدار 100.4 مليون دولار مقارنة ب30 يونيو 2025)، قيمة دفترية فعلية للسهم 6.151 دولار (ارتفاع 16.92% على أساس سنوي)، ونسبة الكفاءة تحسّنت إلى 62.25%.
جودة الأصول: زيادة المخصص لخسائر الائتمان إلى $1.0M, مخصص خسائر القروض 25.3 مليون دولار (1.03% من القروض)، أصول غير منتجة 24.6 مليون دولار (0.79% من الأصول).
LINKBANCORP（纳斯达克股票代码：LNKB） 报告 2025年第三季度净利润7.8百万美元（摊薄后每股0.21美元），并宣布季度现金股息为 $0.075 每股，将于 2025年12月15日支付，记录日为 2025年11月28日。
关键财务数据：经调整的税前、拨备前收入为11.0百万美元、存款总额为2.67十亿美元（较2025年6月30日增加2.117亿美元）、贷款总额为2.46十亿美元（较2025年6月30日增加1.004亿美元）、每股有形账面值为6.151美元（同比增长16.92%）、效率率提升至62.25%。
资产质量：信用损失准备金上调至$1.0M，贷款损失准备金为25.3百万美元（占贷款的1.03%），不良资产为24.6百万美元（占资产的0.79%）。
- Tangible book value +16.92% year-over-year
- Total deposits increased by $211.7M quarter-over-quarter
- Total loans increased by $100.4M quarter-over-quarter
- Efficiency ratio improved by 254 bps to 62.25%
- Provision for credit losses rose to $1.0M in Q3 2025
- Allowance-to-nonperforming-assets ratio fell to 102.90%
- Net charge-offs increased to $300k in Q3 2025
Insights
Strong quarter: higher net income, deposit and loan growth, and a declared dividend signal improving core franchise performance.
LINKBANCORP reported third quarter net income of
Key dependencies and risks are explicit in the report: net interest margin compressed slightly to
Watch the next two quarters for: 1) sustained deposit retention versus brokered balances and the impact on loan deployment and net interest margin over the following
Additionally, the Company announced that the Board of Directors declared a quarterly cash dividend of
Third Quarter 2025 Highlights
-
Strong Core Earnings Growth Trend Continues.
Net income grew in the third quarter of 2025 to
$7.8 million $7.4 million $7.1 million $11.0 million $9.8 million $9.4 million $1.2 million 12.07% . Annualized return on average assets was1.04% for the third quarter of 2025, compared to1.05% for the second quarter of 2025 and1.00% for the third quarter of 2024. -
16.92% Year over Year Increase in Tangible Book Value. Book value per share increased to$8.16 $7.96 $6.15 $5.92 $5.26 -
Total Deposits Increase
8.62% from Prior Quarter End. Total deposits at September 30, 2025 were$2.67 billion $2.46 billion $2.45 billion $211.7 million 34.19% annualized and a year-to-date increase of$329.7 million 18.75% annualized, adjusting for the impact of the sale of banking operations and branches inNew Jersey , including related loans and deposits (the "Branch Sale") and change in brokered deposits. -
Quality Commercial Loan Growth.
Total loans at September 30, 2025 were
$2.46 billion $2.36 billion $2.35 billion $100.4 million 16.90% annualized and a year-to-date increase of$207.4 million 11.81% annualized excluding the impact of the Branch Sale. -
Disciplined Expense Management.
Noninterest expense for the third quarter of 2025 was
$18.2 million 62.25% , compared to$18.1 million 64.79% for the second quarter of 2025, and$18.5 million 66.71% in the third quarter of 2024.
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1 See Appendix A – Reconciliation to Non-GAAP Financial Measures for the computation of this non-GAAP measure. |
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2 See Loan and Deposit Tables for total loan and deposit growth reconciliations. |
"We are pleased to announce another strong quarter of record core earnings accompanied by robust growth in core deposits and quality loans that position us well for a strong finish to 2025 and increasing momentum into the new year," said Andrew Samuel, Chief Executive Officer of LINKBANCORP. "Each of our markets are contributing to these results and we are proud of the exceptional performance of our teams as they navigate through the current environment."
Income Statement
Net interest income before the provision for credit losses for the third quarter of 2025 was
Noninterest income decreased slightly quarter-over-quarter to
Noninterest expense for the third quarter of 2025 was
Income tax expense was
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1 See Appendix A – Reconciliation to Non-GAAP Financial Measures for the computation of this Non-GAAP measure. |
Balance Sheet
Total assets were
Total loans at September 30, 2025 were
The Company continues to maintain strong on-balance sheet liquidity, as cash and cash equivalents were
Shareholders' equity increased to
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1 See Appendix A – Reconciliation to Non-GAAP Financial Measures for the computation of this Non-GAAP measure. |
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2 See Loan and Deposit Tables for total loan and deposit growth reconciliations. |
Asset Quality
The Company recorded a
The increase in provision was primarily related to commercial loan growth during the third quarter of 2025.
Delinquencies improved over the prior quarter, as loans 30-89 days past due at September 30, 2025 were
The allowance for credit losses for loans was
The Company recorded
Capital
The Bank's regulatory capital ratios were well in excess of regulatory minimums to be considered "well capitalized" as of September 30, 2025. The Bank's Total Capital Ratio and Tier 1 Capital Ratio were
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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
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.
LB-E
LB-D
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LINKBANCORP, Inc. and Subsidiaries |
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Consolidated Balance Sheet (Unaudited) |
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September 30, |
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June 30, |
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March 31, |
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December 31, |
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September 30, |
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(In Thousands, except share and per share data) |
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|
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|
|
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ASSETS |
|
|
|
|
|
|
|
|
|
|
|
Noninterest-bearing cash equivalents |
|
$ 15,321 |
|
$ 15,319 |
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$ 14,830 |
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$ 13,834 |
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$ 15,295 |
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Interest-bearing deposits with other institutions |
|
178,832 |
|
139,764 |
|
205,352 |
|
152,266 |
|
175,937 |
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Cash and cash equivalents |
|
194,153 |
|
155,083 |
|
220,182 |
|
166,100 |
|
191,232 |
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Securities available for sale, at fair value |
|
267,930 |
|
169,569 |
|
159,183 |
|
145,590 |
|
149,315 |
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Securities held to maturity, net of allowance for credit losses |
|
26,595 |
|
26,809 |
|
27,662 |
|
31,508 |
|
34,155 |
|
Loans receivable, gross |
|
2,456,977 |
|
2,356,609 |
|
2,273,941 |
|
2,255,749 |
|
2,215,868 |
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Allowance for credit losses - loans |
|
(25,342) |
|
(24,651) |
|
(26,619) |
|
(26,435) |
|
(26,542) |
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Loans receivable, net |
|
2,431,635 |
|
2,331,958 |
|
2,247,322 |
|
2,229,314 |
|
2,189,326 |
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Investments in restricted bank stock |
|
4,791 |
|
4,821 |
|
4,780 |
|
5,209 |
|
4,904 |
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Premises and equipment, net |
|
15,822 |
|
15,861 |
|
17,920 |
|
18,029 |
|
17,623 |
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Right-of-Use Asset – premises |
|
15,632 |
|
15,410 |
|
14,537 |
|
14,913 |
|
14,150 |
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Bank-owned life insurance |
|
53,263 |
|
52,943 |
|
52,507 |
|
52,079 |
|
51,646 |
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Goodwill and other intangible assets |
|
75,213 |
|
76,296 |
|
77,379 |
|
79,761 |
|
80,924 |
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Deferred tax asset |
|
15,925 |
|
16,474 |
|
16,729 |
|
18,866 |
|
21,662 |
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Assets held for sale |
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— |
|
— |
|
— |
|
94,146 |
|
104,660 |
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Accrued interest receivable and other assets |
|
22,334 |
|
21,330 |
|
23,288 |
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23,263 |
|
20,344 |
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TOTAL ASSETS |
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$ 3,123,293 |
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$ 2,886,554 |
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$ 2,861,489 |
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$ 2,878,778 |
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$ 2,879,941 |
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LIABILITIES |
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|
|
|
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|
|
|
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Deposits: |
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|
|
|
|
|
|
|
|
|
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Demand, noninterest bearing |
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$ 640,100 |
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$ 646,654 |
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$ 646,002 |
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$ 658,646 |
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$ 658,473 |
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Interest bearing |
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2,027,999 |
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1,809,755 |
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1,787,692 |
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1,701,936 |
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1,714,179 |
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Total deposits |
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2,668,099 |
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2,456,409 |
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2,433,694 |
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2,360,582 |
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2,372,652 |
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Long-term borrowings |
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40,000 |
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40,000 |
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40,000 |
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40,000 |
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40,000 |
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Short-term borrowings |
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— |
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— |
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— |
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10,000 |
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— |
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Note payable |
|
— |
|
— |
|
559 |
|
565 |
|
572 |
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Subordinated debt |
|
62,255 |
|
62,279 |
|
62,129 |
|
61,984 |
|
61,843 |
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Lease liabilities |
|
15,965 |
|
15,740 |
|
15,284 |
|
15,666 |
|
14,911 |
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Liabilities held for sale |
|
— |
|
— |
|
— |
|
93,777 |
|
94,228 |
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Accrued interest payable and other liabilities |
|
31,517 |
|
14,128 |
|
15,757 |
|
15,983 |
|
18,382 |
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TOTAL LIABILITIES |
|
2,817,836 |
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2,588,556 |
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2,567,423 |
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2,598,557 |
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2,602,588 |
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SHAREHOLDERS' EQUITY |
|
|
|
|
|
|
|
|
|
|
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Preferred stock |
|
— |
|
— |
|
— |
|
— |
|
— |
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Common stock |
|
370 |
|
370 |
|
370 |
|
370 |
|
370 |
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Surplus |
|
265,637 |
|
265,293 |
|
264,871 |
|
264,449 |
|
264,059 |
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Retained earnings |
|
42,157 |
|
37,107 |
|
32,507 |
|
19,947 |
|
15,147 |
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Accumulated other comprehensive loss |
|
(2,707) |
|
(4,772) |
|
(3,682) |
|
(4,545) |
|
(2,223) |
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TOTAL SHAREHOLDERS' EQUITY |
|
305,457 |
|
297,998 |
|
294,066 |
|
280,221 |
|
277,353 |
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TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY |
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$ 3,123,293 |
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$ 2,886,554 |
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$ 2,861,489 |
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$ 2,878,778 |
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$ 2,879,941 |
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Common shares outstanding |
|
37,447,026 |
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37,441,879 |
|
37,377,342 |
|
37,370,917 |
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37,361,560 |
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LINKBANCORP, Inc. and Subsidiaries |
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Consolidated Statements of Operations (Unaudited) |
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Three Months Ended |
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Nine Months Ended |
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9/30/2025 |
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6/30/2025 |
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9/30/2024 |
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9/30/2025 |
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9/30/2024 |
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(In Thousands, except share and per share data) |
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INTEREST AND DIVIDEND INCOME |
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|
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Loans receivable, including fees |
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$ 37,755 |
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$ 36,032 |
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$ 36,856 |
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$ 110,828 |
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$ 109,093 |
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Other |
|
4,269 |
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3,294 |
|
3,338 |
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10,664 |
|
9,325 |
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Total interest and dividend income |
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42,024 |
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39,326 |
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40,194 |
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121,492 |
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118,418 |
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INTEREST EXPENSE |
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|
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Deposits |
|
13,677 |
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12,467 |
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13,292 |
|
38,501 |
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38,210 |
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Other Borrowings |
|
950 |
|
931 |
|
949 |
|
2,867 |
|
2,967 |
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Subordinated Debt |
|
1,011 |
|
979 |
|
972 |
|
2,958 |
|
2,892 |
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Total interest expense |
|
15,638 |
|
14,377 |
|
15,213 |
|
44,326 |
|
44,069 |
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NET INTEREST INCOME BEFORE |
|
26,386 |
|
24,949 |
|
24,981 |
|
77,166 |
|
74,349 |
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Provision for credit losses |
|
1,003 |
|
344 |
|
84 |
|
1,575 |
|
125 |
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NET INTEREST INCOME AFTER |
|
25,383 |
|
24,605 |
|
24,897 |
|
75,591 |
|
74,224 |
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NONINTEREST INCOME |
|
|
|
|
|
|
|
|
|
|
|
Service charges on deposit accounts |
|
1,120 |
|
1,056 |
|
1,052 |
|
3,237 |
|
2,697 |
|
Bank-owned life insurance |
|
463 |
|
436 |
|
430 |
|
1,327 |
|
1,199 |
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Net realized gains (losses) on the sale of debt securities |
|
— |
|
— |
|
— |
|
— |
|
4 |
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Gain on sale of loans |
|
156 |
|
128 |
|
138 |
|
361 |
|
200 |
|
Gain on sale of branches |
|
— |
|
— |
|
— |
|
11,093 |
|
— |
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Other |
|
1,066 |
|
1,313 |
|
1,060 |
|
2,977 |
|
2,167 |
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Total noninterest income |
|
2,805 |
|
2,933 |
|
2,680 |
|
18,995 |
|
6,267 |
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NONINTEREST EXPENSE |
|
|
|
|
|
|
|
|
|
|
|
Salaries and employee benefits |
|
10,513 |
|
10,252 |
|
9,855 |
|
31,921 |
|
30,914 |
|
Occupancy |
|
1,356 |
|
1,308 |
|
1,440 |
|
4,128 |
|
4,577 |
|
Equipment and data processing |
|
2,063 |
|
2,052 |
|
1,640 |
|
6,158 |
|
5,290 |
|
Professional fees |
|
593 |
|
728 |
|
763 |
|
1,808 |
|
2,299 |
|
FDIC insurance and supervisory fees |
|
439 |
|
537 |
|
812 |
|
1,575 |
|
1,709 |
|
Intangible amortization |
|
1,083 |
|
1,083 |
|
1,205 |
|
3,250 |
|
3,615 |
|
Merger & restructuring expenses |
|
— |
|
16 |
|
171 |
|
57 |
|
858 |
|
Advertising |
|
128 |
|
176 |
|
163 |
|
448 |
|
505 |
|
Other |
|
1,996 |
|
1,913 |
|
2,403 |
|
6,549 |
|
6,834 |
|
Total noninterest expense |
|
18,171 |
|
18,065 |
|
18,452 |
|
55,894 |
|
56,601 |
|
Income before income tax expense |
|
10,017 |
|
9,473 |
|
9,125 |
|
38,692 |
|
23,890 |
|
Income tax expense |
|
2,178 |
|
2,086 |
|
2,030 |
|
8,123 |
|
5,265 |
|
NET INCOME |
|
$ 7,839 |
|
$ 7,387 |
|
$ 7,095 |
|
$ 30,569 |
|
$ 18,625 |
|
|
|
|
|
|
|
|
|
|
|
|
|
EARNINGS PER SHARE, BASIC |
|
$ 0.21 |
|
$ 0.20 |
|
$ 0.19 |
|
$ 0.82 |
|
$ 0.50 |
|
EARNINGS PER SHARE, DILUTED |
|
$ 0.21 |
|
$ 0.20 |
|
$ 0.19 |
|
$ 0.82 |
|
$ 0.50 |
|
WEIGHTED-AVERAGE COMMON SHARES |
|
|
|
|
|
|
|
|
|
|
|
BASIC |
|
37,192,313 |
|
37,136,851 |
|
36,983,637 |
|
37,146,280 |
|
36,972,127 |
|
DILUTED |
|
37,335,646 |
|
37,244,008 |
|
37,090,111 |
|
37,257,831 |
|
37,061,512 |
|
LINKBANCORP, Inc. and Subsidiaries |
|||||||||
|
Financial Highlights (Unaudited) |
|||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
For the Three Months Ended |
|
For the Nine Months Ended |
||||||
|
(Dollars In Thousands, except per share data) |
9/30/2025 |
|
6/30/2025 |
|
9/30/2024 |
|
9/30/2025 |
|
9/30/2024 |
|
Operating Highlights |
|
|
|
|
|
|
|
|
|
|
Net Income |
$ 7,839 |
|
$ 7,387 |
|
$ 7,095 |
|
$ 30,569 |
|
$ 18,625 |
|
Net Interest Income |
26,386 |
|
24,949 |
|
24,981 |
|
77,166 |
|
74,349 |
|
Provision for Credit Losses |
1,003 |
|
344 |
|
84 |
|
1,575 |
|
125 |
|
Non-Interest Income |
2,805 |
|
2,933 |
|
2,680 |
|
18,995 |
|
6,267 |
|
Non-Interest Expense |
18,171 |
|
18,065 |
|
18,452 |
|
55,894 |
|
56,601 |
|
Earnings per Share, Basic |
0.21 |
|
0.20 |
|
0.19 |
|
0.82 |
|
0.50 |
|
Adjusted Earnings per Share, Basic (2) |
0.21 |
|
0.20 |
|
0.20 |
|
0.61 |
|
0.52 |
|
Earnings per Share, Diluted |
0.21 |
|
0.20 |
|
0.19 |
|
0.82 |
|
0.50 |
|
Adjusted Earnings per Share, Diluted (2) |
0.21 |
|
0.20 |
|
0.19 |
|
0.61 |
|
0.52 |
|
|
|
|
|
|
|
|
|
|
|
|
Selected Operating Ratios |
|
|
|
|
|
|
|
|
|
|
Net Interest Margin |
3.75 % |
|
3.80 % |
|
3.82 % |
|
3.82 % |
|
3.89 % |
|
Annualized Return on Assets ("ROA") |
1.04 % |
|
1.05 % |
|
1.00 % |
|
1.41 % |
|
0.90 % |
|
Adjusted ROA2 |
1.04 % |
|
1.05 % |
|
1.02 % |
|
1.05 % |
|
0.93 % |
|
Annualized Return on Equity ("ROE") |
10.33 % |
|
10.04 % |
|
10.30 % |
|
13.93 % |
|
9.20 % |
|
Adjusted ROE2 |
10.33 % |
|
10.06 % |
|
10.50 % |
|
10.32 % |
|
9.53 % |
|
Efficiency Ratio |
62.25 % |
|
64.79 % |
|
66.71 % |
|
58.13 % |
|
70.21 % |
|
Adjusted Efficiency Ratio3 |
62.25 % |
|
64.73 % |
|
66.09 % |
|
64.61 % |
|
69.15 % |
|
Noninterest Income to Avg. Assets |
0.37 % |
|
0.42 % |
|
0.38 % |
|
0.88 % |
|
0.30 % |
|
Noninterest Expense to Avg. Assets |
2.42 % |
|
2.57 % |
|
2.61 % |
|
2.59 % |
|
2.73 % |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
9/30/2025 |
|
6/30/2025 |
|
3/31/2025 |
|
12/31/2024 |
|
9/30/2024 |
|
Financial Condition Data |
|
|
|
|
|
|
|
|
|
|
Total Assets |
|
|
|
|
|
|
|
|
|
|
Loans Receivable, Net |
2,431,635 |
|
2,331,958 |
|
2,247,322 |
|
2,229,314 |
|
2,189,326 |
|
|
|
|
|
|
|
|
|
|
|
|
Noninterest-bearing Deposits |
640,100 |
|
646,654 |
|
646,002 |
|
658,646 |
|
658,473 |
|
Interest-bearing Deposits |
2,027,999 |
|
1,809,755 |
|
1,787,692 |
|
1,701,936 |
|
1,714,179 |
|
Total Deposits |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Selected Balance Sheet Ratios |
|
|
|
|
|
|
|
|
|
|
Total Capital Ratio1 |
12.31 % |
|
12.43 % |
|
12.61 % |
|
11.55 % |
|
11.44 % |
|
Tier 1 Capital Ratio1 |
11.39 % |
|
11.51 % |
|
11.71 % |
|
10.74 % |
|
10.62 % |
|
Common Equity Tier 1 Capital Ratio1 |
11.39 % |
|
11.51 % |
|
11.71 % |
|
10.74 % |
|
10.62 % |
|
Leverage Ratio1 |
9.95 % |
|
10.34 % |
|
10.02 % |
|
9.49 % |
|
9.41 % |
|
Tangible Common Equity to Tangible Assets4 |
7.55 % |
|
7.89 % |
|
7.78 % |
|
7.16 % |
|
7.02 % |
|
Tangible Book Value per Share5 |
$ 6.15 |
|
$ 5.92 |
|
$ 5.80 |
|
$ 5.36 |
|
$ 5.26 |
|
|
|
|
|
|
|
|
|
|
|
|
Asset Quality Data |
|
|
|
|
|
|
|
|
|
|
Non-performing Assets |
$ 24,627 |
|
$ 21,877 |
|
$ 26,041 |
|
$ 17,173 |
|
$ 17,378 |
|
Non-performing Assets to Total Assets |
0.79 % |
|
0.76 % |
|
0.91 % |
|
0.60 % |
|
0.60 % |
|
Non-performing Loans to Total Loans |
1.00 % |
|
0.93 % |
|
1.15 % |
|
0.76 % |
|
0.78 % |
|
Allowance for Credit Losses - Loans ("ACLL") |
$ 25,342 |
|
$ 24,651 |
|
$ 26,619 |
|
$ 26,435 |
|
$ 26,542 |
|
ACLL to Total Loans |
1.03 % |
|
1.05 % |
|
1.17 % |
|
1.17 % |
|
1.20 % |
|
ACLL to Nonperforming Assets |
102.90 % |
|
112.68 % |
|
102.22 % |
|
153.93 % |
|
152.73 % |
|
Net chargeoffs (recoveries)(6) |
$ 300 |
|
$ 40 |
|
$ 81 |
|
$ 252 |
|
$ (28) |
|
|
|||||||||
|
(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 |
|
LINKBANCORP, Inc. and Subsidiaries |
||||||||||||
|
Net Interest Margin - Quarter-To-Date (Unaudited) |
||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
For the Three Months Ended September 30, |
||||||||||
|
|
|
2025 |
|
2024 |
||||||||
|
(Dollars in thousands) |
|
Avg Bal |
|
Interest (2) |
|
Yield/Rate |
|
Avg Bal |
|
Interest (2) |
|
Yield/Rate |
|
Int. Earn. Cash |
|
$ 190,584 |
|
$ 1,893 |
|
3.94 % |
|
$ 114,383 |
|
$ 1,296 |
|
4.51 % |
|
Securities |
|
|
|
|
|
|
|
|
|
|
|
|
|
Taxable (1) |
|
162,865 |
|
2,089 |
|
5.09 % |
|
133,443 |
|
1,683 |
|
5.02 % |
|
Tax-Exempt |
|
42,763 |
|
363 |
|
3.37 % |
|
42,800 |
|
453 |
|
4.21 % |
|
Total Securities |
|
205,628 |
|
2,452 |
|
4.73 % |
|
176,243 |
|
2,136 |
|
4.82 % |
|
Total Cash Equiv. and Investments |
|
396,212 |
|
4,345 |
|
4.35 % |
|
290,626 |
|
3,432 |
|
4.70 % |
|
Total Loans (3) |
|
2,393,119 |
|
37,755 |
|
6.26 % |
|
2,313,228 |
|
36,856 |
|
6.34 % |
|
Total Earning Assets |
|
2,789,331 |
|
42,100 |
|
5.99 % |
|
2,603,854 |
|
40,288 |
|
6.16 % |
|
Other Assets |
|
194,442 |
|
|
|
|
|
208,407 |
|
|
|
|
|
Total Assets |
|
$ 2,983,773 |
|
|
|
|
|
$ 2,812,261 |
|
|
|
|
|
Interest bearing demand |
|
$ 592,572 |
|
3,498 |
|
2.34 % |
|
$ 497,100 |
|
2,902 |
|
2.32 % |
|
Money market demand |
|
635,450 |
|
3,985 |
|
2.49 % |
|
580,766 |
|
3,396 |
|
2.33 % |
|
Time deposits |
|
623,505 |
|
6,194 |
|
3.94 % |
|
613,402 |
|
6,993 |
|
4.54 % |
|
Total Borrowings |
|
153,493 |
|
1,961 |
|
5.07 % |
|
153,699 |
|
1,922 |
|
4.97 % |
|
Total Interest-Bearing Liabilities |
|
2,005,020 |
|
15,638 |
|
3.09 % |
|
1,844,967 |
|
15,213 |
|
3.28 % |
|
Non Interest-Bearing Deposits |
|
646,608 |
|
|
|
|
|
659,825 |
|
|
|
|
|
Total Cost of Funds |
|
2,651,628 |
|
15,638 |
|
2.34 % |
|
2,504,792 |
|
15,213 |
|
2.42 % |
|
Other Liabilities |
|
31,044 |
|
|
|
|
|
33,534 |
|
|
|
|
|
Total Liabilities |
|
2,682,672 |
|
|
|
|
|
2,538,326 |
|
|
|
|
|
Shareholders' Equity |
|
301,101 |
|
|
|
|
|
273,935 |
|
|
|
|
|
Total Liabilities & Shareholders' Equity |
|
$ 2,983,773 |
|
|
|
|
|
$ 2,812,261 |
|
|
|
|
|
Net Interest Income/Spread (FTE) |
|
|
|
26,462 |
|
2.90 % |
|
|
|
25,075 |
|
2.88 % |
|
Tax-Equivalent Basis Adjustment |
|
|
|
(76) |
|
|
|
|
|
(94) |
|
|
|
Net Interest Income |
|
|
|
$ 26,386 |
|
|
|
|
|
$ 24,981 |
|
|
|
Net Interest Margin |
|
|
|
|
|
3.75 % |
|
|
|
|
|
3.82 % |
|
|
||||||||||||
|
(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 - Linked Quarter-To-Date (Unaudited) |
||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
For the Three Months Ended |
||||||||||
|
|
|
September 30, 2025 |
|
June 30, 2025 |
||||||||
|
(Dollars in thousands) |
|
Avg Bal |
|
Interest (2) |
|
Yield/Rate |
|
Avg Bal |
|
Interest (2) |
|
Yield/Rate |
|
Int. Earn. Cash |
|
$ 190,584 |
|
$ 1,893 |
|
3.94 % |
|
$ 114,315 |
|
$ 1,097 |
|
3.85 % |
|
Securities |
|
|
|
|
|
|
|
|
|
|
|
|
|
Taxable (1) |
|
162,865 |
|
2,089 |
|
5.09 % |
|
152,185 |
|
1,819 |
|
4.79 % |
|
Tax-Exempt |
|
42,763 |
|
363 |
|
3.37 % |
|
42,688 |
|
478 |
|
4.49 % |
|
Total Securities |
|
205,628 |
|
2,452 |
|
4.73 % |
|
194,873 |
|
2,297 |
|
4.73 % |
|
Total Cash Equiv. and Investments |
|
396,212 |
|
4,345 |
|
4.35 % |
|
309,188 |
|
3,394 |
|
4.40 % |
|
Total Loans (3) |
|
2,393,119 |
|
37,755 |
|
6.26 % |
|
2,324,897 |
|
36,032 |
|
6.22 % |
|
Total Earning Assets |
|
2,789,331 |
|
42,100 |
|
5.99 % |
|
2,634,085 |
|
39,426 |
|
6.00 % |
|
Other Assets |
|
194,442 |
|
|
|
|
|
183,156 |
|
|
|
|
|
Total Assets |
|
$ 2,983,773 |
|
|
|
|
|
$ 2,817,241 |
|
|
|
|
|
Interest bearing demand |
|
$ 592,572 |
|
3,498 |
|
2.34 % |
|
$ 547,177 |
|
3,207 |
|
2.35 % |
|
Money market demand |
|
635,450 |
|
3,985 |
|
2.49 % |
|
553,294 |
|
3,099 |
|
2.25 % |
|
Time deposits |
|
623,505 |
|
6,194 |
|
3.94 % |
|
609,322 |
|
6,161 |
|
4.06 % |
|
Total Borrowings |
|
153,493 |
|
1,961 |
|
5.07 % |
|
152,668 |
|
1,910 |
|
5.02 % |
|
Total Interest-Bearing Liabilities |
|
2,005,020 |
|
15,638 |
|
3.09 % |
|
1,862,461 |
|
14,377 |
|
3.10 % |
|
Non Interest-Bearing Deposits |
|
646,608 |
|
|
|
|
|
628,962 |
|
|
|
|
|
Total Cost of Funds |
|
2,651,628 |
|
15,638 |
|
2.34 % |
|
2,491,423 |
|
14,377 |
|
2.31 % |
|
Other Liabilities |
|
31,044 |
|
|
|
|
|
30,815 |
|
|
|
|
|
Total Liabilities |
|
2,682,672 |
|
|
|
|
|
2,522,238 |
|
|
|
|
|
Shareholders' Equity |
|
301,101 |
|
|
|
|
|
295,003 |
|
|
|
|
|
Total Liabilities & Shareholders' Equity |
|
$ 2,983,773 |
|
|
|
|
|
$ 2,817,241 |
|
|
|
|
|
Net Interest Income/Spread (FTE) |
|
|
|
26,462 |
|
2.90 % |
|
|
|
25,049 |
|
2.90 % |
|
Tax-Equivalent Basis Adjustment |
|
|
|
(76) |
|
|
|
|
|
(100) |
|
|
|
Net Interest Income |
|
|
|
$ 26,386 |
|
|
|
|
|
$ 24,949 |
|
|
|
Net Interest Margin |
|
|
|
|
|
3.75 % |
|
|
|
|
|
3.80 % |
|
|
||||||||||||
|
(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 Nine Months Ended September 30, |
||||||||||
|
|
|
2025 |
|
2024 |
||||||||
|
(Dollars in thousands) |
|
Avg Bal |
|
Interest (2) |
|
Yield/Rate |
|
Avg Bal |
|
Interest (2) |
|
Yield/Rate |
|
Int. Earn. Cash |
|
$ 138,531 |
|
$ 3,962 |
|
3.82 % |
|
$ 106,334 |
|
$ 3,590 |
|
4.51 % |
|
Securities |
|
|
|
|
|
|
|
|
|
|
|
|
|
Taxable (1) |
|
155,818 |
|
5,657 |
|
4.85 % |
|
125,264 |
|
4,666 |
|
4.98 % |
|
Tax-Exempt |
|
43,142 |
|
1,323 |
|
4.10 % |
|
42,606 |
|
1,353 |
|
4.24 % |
|
Total Securities |
|
198,960 |
|
6,980 |
|
4.69 % |
|
167,870 |
|
6,019 |
|
4.79 % |
|
Total Cash Equiv. and Investments |
|
337,491 |
|
10,942 |
|
4.33 % |
|
274,204 |
|
9,609 |
|
4.68 % |
|
Total Loans (3) |
|
2,360,524 |
|
110,828 |
|
6.28 % |
|
2,279,378 |
|
109,093 |
|
6.39 % |
|
Total Earning Assets |
|
2,698,015 |
|
121,770 |
|
6.03 % |
|
2,553,582 |
|
118,702 |
|
6.21 % |
|
Other Assets |
|
192,203 |
|
|
|
|
|
210,962 |
|
|
|
|
|
Total Assets |
|
$ 2,890,218 |
|
|
|
|
|
$ 2,764,544 |
|
|
|
|
|
Interest bearing demand |
|
$ 564,320 |
|
$ 9,753 |
|
2.31 % |
|
$ 458,184 |
|
$ 7,301 |
|
2.13 % |
|
Money market demand |
|
584,401 |
|
10,021 |
|
2.29 % |
|
582,998 |
|
9,841 |
|
2.25 % |
|
Time deposits |
|
623,723 |
|
18,727 |
|
4.01 % |
|
621,881 |
|
21,068 |
|
4.53 % |
|
Total Borrowings |
|
151,403 |
|
5,825 |
|
5.14 % |
|
147,557 |
|
5,859 |
|
5.30 % |
|
Total Interest-Bearing Liabilities |
|
1,923,847 |
|
44,326 |
|
3.08 % |
|
1,810,620 |
|
44,069 |
|
3.25 % |
|
Non Interest-Bearing Deposits |
|
641,967 |
|
|
|
|
|
650,384 |
|
|
|
|
|
Total Cost of Funds |
|
$ 2,565,814 |
|
$ 44,326 |
|
2.31 % |
|
$ 2,461,004 |
|
$ 44,069 |
|
2.39 % |
|
Other Liabilities |
|
31,092 |
|
|
|
|
|
33,086 |
|
|
|
|
|
Total Liabilities |
|
$ 2,596,906 |
|
|
|
|
|
$ 2,494,090 |
|
|
|
|
|
Shareholders' Equity |
|
$ 293,312 |
|
|
|
|
|
$ 270,454 |
|
|
|
|
|
Total Liabilities & Shareholders' Equity |
|
$ 2,890,218 |
|
|
|
|
|
$ 2,764,544 |
|
|
|
|
|
Net Interest Income/Spread (FTE) |
|
|
|
77,444 |
|
2.95 % |
|
|
|
74,633 |
|
2.96 % |
|
Tax-Equivalent Basis Adjustment |
|
|
|
(278) |
|
|
|
|
|
(284) |
|
|
|
Net Interest Income |
|
|
|
$ 77,166 |
|
|
|
|
|
$ 74,349 |
|
|
|
Net Interest Margin |
|
|
|
|
|
3.82 % |
|
|
|
|
|
3.89 % |
|
|
||||||||||||
|
(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) |
|
September 30, |
|
June 30, |
|
March 31, |
|
December 31, |
|
September 30, |
|
Agriculture and farmland loans |
|
$ 62,098 |
|
$ 61,996 |
|
$ 66,684 |
|
$ 67,741 |
|
$ 65,166 |
|
Construction loans |
|
155,542 |
|
140,976 |
|
136,421 |
|
158,296 |
|
175,373 |
|
Commercial & industrial loans |
|
266,765 |
|
259,877 |
|
257,302 |
|
252,163 |
|
241,597 |
|
Commercial real estate loans |
|
|
|
|
|
|
|
|
|
|
|
Multifamily |
|
236,534 |
|
231,469 |
|
215,916 |
|
217,331 |
|
212,444 |
|
Owner occupied |
|
522,674 |
|
502,515 |
|
472,895 |
|
493,906 |
|
500,643 |
|
Non-owner occupied |
|
730,740 |
|
681,521 |
|
645,793 |
|
658,615 |
|
626,030 |
|
Residential real estate loans |
|
|
|
|
|
|
|
|
|
|
|
First liens |
|
377,226 |
|
375,879 |
|
378,420 |
|
399,476 |
|
400,869 |
|
Second liens and lines of credit |
|
84,395 |
|
81,194 |
|
79,905 |
|
78,410 |
|
73,591 |
|
Consumer and other loans |
|
17,645 |
|
17,525 |
|
17,097 |
|
17,087 |
|
17,498 |
|
Municipal loans |
|
2,816 |
|
2,917 |
|
3,012 |
|
3,886 |
|
4,296 |
|
|
|
2,456,435 |
|
2,355,869 |
|
2,273,445 |
|
2,346,911 |
|
2,317,507 |
|
Deferred costs |
|
542 |
|
740 |
|
496 |
|
645 |
|
634 |
|
Total loans receivable |
|
2,456,977 |
|
2,356,609 |
|
2,273,941 |
|
2,347,556 |
|
2,318,141 |
|
Less: Loans held for sale |
|
— |
|
— |
|
— |
|
91,807 |
|
102,273 |
|
Loans Held for Investment |
|
$ 2,456,977 |
|
$ 2,356,609 |
|
$ 2,273,941 |
|
$ 2,255,749 |
|
$ 2,215,868 |
|
LINKBANCORP, Inc. and Subsidiaries |
||||
|
Loan Growth Calculation Excluding Branch Sale (Unaudited) |
||||
|
|
|
|
|
|
|
(In Thousands) |
|
|
|
September 30, |
|
Total Loans at September 30, 2025 |
|
|
|
$ 2,456,977 |
|
Total Loans at December 31, 2024 |
|
|
|
2,347,556 |
|
Year-to-date Change |
|
|
|
109,421 |
|
Net Book Value of Loans Sold |
|
|
|
97,952 |
|
Loan Growth Excluding Branch Sale |
|
|
|
207,373 |
|
Annualized Growth Rate |
|
|
|
11.81 % |
|
LINKBANCORP, Inc. and Subsidiaries |
||||||||
|
Investments in Securities Detail (Unaudited) |
||||||||
|
|
||||||||
|
|
|
September 30, 2025 |
|
|
||||
|
(In Thousands) |
|
Amortized
|
|
Net
|
|
Fair
|
|
|
|
Available for Sale: |
|
|
|
|
|
|
|
|
|
US Government Agency securities |
|
$ 11,257 |
|
$ 322 |
|
$ 11,579 |
|
|
|
Obligations of state and political subdivisions |
|
50,731 |
|
(2,761) |
|
47,970 |
|
|
|
Mortgage-backed securities in government-sponsored entities |
|
209,168 |
|
(1,120) |
|
208,048 |
|
|
|
Other securities |
|
341 |
|
(8) |
|
333 |
|
|
|
|
|
$ 271,497 |
|
$ (3,567) |
|
$ 267,930 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Amortized
|
|
Net Unrealized Losses |
|
Fair Value |
|
Allowance for |
|
Held to Maturity: |
|
|
|
|
|
|
|
|
|
Corporate debentures |
|
$ 12,250 |
|
$ (651) |
|
$ 11,599 |
|
$ (387) |
|
Structured mortgage-backed securities |
|
14,732 |
|
(307) |
|
14,425 |
|
— |
|
|
|
$ 26,982 |
|
$ (958) |
|
$ 26,024 |
|
$ (387) |
|
|
|
|
|
|
|
|
|
|
|
|
|
December 31, 2024 |
|
|
||||
|
(In Thousands) |
|
Amortized
|
|
Net
|
|
Fair
|
|
|
|
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
|
|
Net Unrealized Losses |
|
Fair Value |
|
Allowance for |
|
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) |
|
September 30, 2025 |
|
June 30, 2025 |
|
March 31, 2025 |
|
December 31, 2024 |
|
September 30, 2024 |
|
Demand, noninterest-bearing |
|
$ 640,100 |
|
$ 646,654 |
|
$ 646,002 |
|
$ 686,510 |
|
$ 687,536 |
|
Demand, interest-bearing |
|
677,496 |
|
576,050 |
|
577,170 |
|
537,546 |
|
547,099 |
|
Money market and savings |
|
656,727 |
|
580,143 |
|
553,240 |
|
553,807 |
|
585,395 |
|
Time deposits, |
|
201,648 |
|
177,897 |
|
166,441 |
|
167,165 |
|
169,616 |
|
Time deposits, other |
|
417,128 |
|
400,665 |
|
387,226 |
|
405,493 |
|
401,976 |
|
Brokered deposits |
|
75,000 |
|
75,000 |
|
103,615 |
|
103,615 |
|
75,000 |
|
|
|
2,668,099 |
|
2,456,409 |
|
2,433,694 |
|
2,454,136 |
|
2,466,622 |
|
Less: Deposits held for sale |
|
— |
|
— |
|
— |
|
93,554 |
|
93,970 |
|
Total deposits |
|
$ 2,668,099 |
|
$ 2,456,409 |
|
$ 2,433,694 |
|
$ 2,360,582 |
|
$ 2,372,652 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Average Deposits Detail, for the Three Months Ended (Unaudited) |
||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
(In Thousands) |
|
September 30, 2025 |
|
June 30, 2025 |
|
March 31, 2025 |
|
December 31, 2024 |
|
September 30, 2024 |
|
Demand, noninterest-bearing |
|
$ 646,608 |
|
$ 628,962 |
|
$ 649,440 |
|
$ 665,276 |
|
$ 659,825 |
|
Demand, interest-bearing |
|
592,572 |
|
547,177 |
|
545,475 |
|
537,856 |
|
497,100 |
|
Money market and savings |
|
635,450 |
|
553,294 |
|
555,663 |
|
567,593 |
|
580,766 |
|
Time deposits |
|
599,048 |
|
575,205 |
|
576,366 |
|
568,615 |
|
560,815 |
|
Brokered deposits |
|
24,457 |
|
34,117 |
|
56,283 |
|
38,616 |
|
52,587 |
|
Total deposits |
|
$ 2,498,135 |
|
$ 2,338,755 |
|
$ 2,383,227 |
|
$ 2,377,956 |
|
$ 2,351,093 |
|
|
||||||||||
|
Balances in table above include deposits held for sale for the three months ended December 31, 2024 and September 30, 2024. |
|
LINKBANCORP, Inc. and Subsidiaries |
||||
|
Total Deposit Growth Calculation Adjusting for Branch Sale and Change in Brokered Deposits (Unaudited) |
||||
|
|
|
|
|
|
|
(In Thousands) |
|
|
|
September 30, 2025 |
|
Total Deposits at September 30, 2025 |
|
|
|
$ 2,668,099 |
|
Less: Brokered Deposits at September 30, 2025 |
|
|
|
(75,000) |
|
Total Core Deposits at September 30, 2025 |
|
|
|
$ 2,593,099 |
|
|
|
|
|
|
|
Total Deposits at December 31, 2024 |
|
|
|
$ 2,454,136 |
|
Less: Brokered Deposits at December 31, 2024 |
|
|
|
(103,615) |
|
Total Core Deposits at December 31, 2024 |
|
|
|
$ 2,350,521 |
|
|
|
|
|
|
|
Year-to-date Change in Core Deposits |
|
|
|
242,578 |
|
Net Book Value of Deposits Sold |
|
|
|
87,086 |
|
Quarterly Deposit Growth Excluding Branch Sale |
|
|
|
329,664 |
|
Annualized Growth Rate |
|
|
|
18.75 % |
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
|
Adjusted Return on Average Assets |
||||||||||
|
|
|
For the Three Months Ended |
|
For the Nine Months Ended |
||||||
|
(Dollars in thousands) |
|
9/30/2025 |
|
6/30/2025 |
|
9/30/2024 |
|
9/30/2025 |
|
9/30/2024 |
|
Net income |
|
$ 7,839 |
|
$ 7,387 |
|
$ 7,095 |
|
$ 30,569 |
|
$ 18,625 |
|
Average assets |
|
2,983,773 |
|
2,817,241 |
|
2,812,261 |
|
2,890,218 |
|
2,764,544 |
|
Return on average assets (annualized) |
|
1.04 % |
|
1.05 % |
|
1.00 % |
|
1.41 % |
|
0.90 % |
|
Net income |
|
$ 7,839 |
|
$ 7,387 |
|
$ 7,095 |
|
30,569 |
|
18,625 |
|
Gain on sale of branches |
|
— |
|
— |
|
— |
|
(11,093) |
|
— |
|
Tax effect(1) |
|
— |
|
— |
|
— |
|
2,440 |
|
— |
|
Transaction bonus accrual |
|
— |
|
— |
|
— |
|
490 |
|
— |
|
Tax effect(1) |
|
— |
|
— |
|
— |
|
(108) |
|
— |
|
Board restructuring accrual |
|
— |
|
— |
|
— |
|
381 |
|
— |
|
Tax effect(1) |
|
— |
|
— |
|
— |
|
(84) |
|
— |
|
Net losses on sale of securities |
|
— |
|
— |
|
— |
|
— |
|
(4) |
|
Tax effect(1) |
|
— |
|
— |
|
— |
|
— |
|
1 |
|
Merger & restructuring expenses |
|
— |
|
16 |
|
171 |
|
57 |
|
858 |
|
Tax effect(1) |
|
— |
|
(4) |
|
(36) |
|
(13) |
|
(180) |
|
Adjusted Net Income (Non-GAAP) |
|
$ 7,839 |
|
$ 7,399 |
|
$ 7,230 |
|
$ 22,639 |
|
19,300 |
|
Average assets |
|
$ 2,983,773 |
|
$ 2,817,241 |
|
$ 2,812,261 |
|
$ 2,890,218 |
|
2,764,544 |
|
Adjusted return on average assets (annualized)
|
|
1.04 % |
|
1.05 % |
|
1.02 % |
|
1.05 % |
|
0.93 % |
|
|
||||||||||
|
(1) Tax effect was |
|
Adjusted Return on Average Shareholders' Equity |
||||||||||
|
|
|
For the Three Months Ended |
|
For the Nine Months Ended |
||||||
|
(Dollars in thousands) |
|
9/30/2025 |
|
6/30/2025 |
|
9/30/2024 |
|
9/30/2025 |
|
9/30/2024 |
|
Net income |
|
$ 7,839 |
|
$ 7,387 |
|
$ 7,095 |
|
$ 30,569 |
|
$ 18,625 |
|
Average shareholders' equity |
|
301,101 |
|
295,003 |
|
273,935 |
|
293,312 |
|
270,454 |
|
Return on average shareholders' equity (annualized) |
|
10.33 % |
|
10.04 % |
|
10.30 % |
|
13.93 % |
|
9.20 % |
|
Net income |
|
$ 7,839 |
|
$ 7,387 |
|
$ 7,095 |
|
$ 30,569 |
|
$ 18,625 |
|
Gain on sale of branches |
|
— |
|
— |
|
— |
|
(11,093) |
|
— |
|
Tax effect(1) |
|
— |
|
— |
|
— |
|
2,440 |
|
— |
|
Transaction bonus accrual |
|
— |
|
— |
|
— |
|
490 |
|
— |
|
Tax effect(1) |
|
— |
|
— |
|
— |
|
(108) |
|
— |
|
Board restructuring accrual |
|
— |
|
— |
|
— |
|
381 |
|
— |
|
Tax effect(1) |
|
— |
|
— |
|
— |
|
(84) |
|
— |
|
Merger & restructuring expenses |
|
— |
|
16 |
|
171 |
|
57 |
|
858 |
|
Tax effect(1) |
|
— |
|
(4) |
|
(36) |
|
(13) |
|
(180) |
|
Net (gains) losses on sale of securities |
|
— |
|
— |
|
— |
|
— |
|
(4) |
|
Tax effect(1) |
|
— |
|
— |
|
— |
|
— |
|
1 |
|
Adjusted Net Income (Non-GAAP) |
|
$ 7,839 |
|
$ 7,399 |
|
$ 7,230 |
|
$ 22,639 |
|
$ 19,300 |
|
Average shareholders' equity |
|
$ 301,101 |
|
$ 295,003 |
|
$ 273,935 |
|
$ 293,312 |
|
$ 270,454 |
|
Adjusted return on average shareholders' equity (annualized)
|
|
10.33 % |
|
10.06 % |
|
10.50 % |
|
10.32 % |
|
9.53 % |
|
|
||||||||||
|
(1) Tax effect was |
|
Tangible Common Equity and Tangible Book Value |
||||||||||
|
(Dollars in thousands, except per share data) |
|
9/30/2025 |
|
6/30/2025 |
|
3/31/2025 |
|
12/31/2024 |
|
9/30/2024 |
|
Tangible Common Equity |
|
|
|
|
|
|
|
|
|
|
|
Total shareholders' equity |
|
$ 305,457 |
|
$ 297,998 |
|
$ 294,066 |
|
$ 280,221 |
|
$ 277,353 |
|
Adjustments: |
|
|
|
|
|
|
|
|
|
|
|
Goodwill |
|
(58,806) |
|
(58,806) |
|
(58,806) |
|
(58,806) |
|
(58,806) |
|
Other intangible assets |
|
(16,407) |
|
(17,490) |
|
(18,573) |
|
(20,955) |
|
(22,118) |
|
Tangible common equity (Non-GAAP) |
|
$ 230,244 |
|
$ 221,702 |
|
$ 216,687 |
|
$ 200,460 |
|
$ 196,429 |
|
Common shares outstanding |
|
37,447,026 |
|
37,441,879 |
|
37,377,342 |
|
37,370,917 |
|
37,361,560 |
|
Book value per common share |
|
$ 8.16 |
|
$ 7.96 |
|
$ 7.87 |
|
$ 7.50 |
|
$ 7.42 |
|
Tangible book value per common share
|
|
$ 6.15 |
|
$ 5.92 |
|
$ 5.80 |
|
$ 5.36 |
|
$ 5.26 |
|
Tangible Assets |
|
|
|
|
|
|
|
|
|
|
|
Total assets |
|
$ 3,123,293 |
|
|
|
|
|
|
|
|
|
Adjustments: |
|
|
|
|
|
|
|
|
|
|
|
Goodwill |
|
(58,806) |
|
(58,806) |
|
(58,806) |
|
(58,806) |
|
(58,806) |
|
Other intangible assets |
|
(16,407) |
|
(17,490) |
|
(18,573) |
|
(20,955) |
|
(22,118) |
|
Tangible assets (Non-GAAP) |
|
$ 3,048,080 |
|
|
|
|
|
|
|
|
|
Tangible common equity to tangible |
|
7.55 % |
|
7.89 % |
|
7.78 % |
|
7.16 % |
|
7.02 % |
|
Adjusted Efficiency Ratio |
|||||||||
|
|
For the Three Months Ended |
|
For the Nine Months Ended |
||||||
|
(Dollars in thousands) |
9/30/2025 |
|
6/30/2025 |
|
9/30/2024 |
|
9/30/2025 |
|
9/30/2024 |
|
GAAP-based efficiency ratio |
62.25 % |
|
64.79 % |
|
66.71 % |
|
58.13 % |
|
70.21 % |
|
Net interest income |
$ 26,386 |
|
$ 24,949 |
|
$ 24,981 |
|
$ 77,166 |
|
$ 74,349 |
|
Noninterest income |
2,805 |
|
2,933 |
|
2,680 |
|
18,995 |
|
6,267 |
|
Less: Gain on sale of branches |
— |
|
— |
|
— |
|
(11,093) |
|
— |
|
Less: net gains (losses) on sale of securities |
— |
|
— |
|
— |
|
— |
|
(4) |
|
Adjusted revenue (Non-GAAP) |
29,191 |
|
27,882 |
|
27,661 |
|
85,068 |
|
80,612 |
|
Total noninterest expense |
18,171 |
|
18,065 |
|
18,452 |
|
55,894 |
|
56,601 |
|
Less: Merger & restructuring expenses |
— |
|
16 |
|
171 |
|
57 |
|
858 |
|
Less: Transaction bonus accrual |
— |
|
— |
|
— |
|
490 |
|
— |
|
Less: Board restructuring accrual |
— |
|
— |
|
— |
|
381 |
|
— |
|
Adjusted non-interest expense |
$ 18,171 |
|
$ 18,049 |
|
$ 18,281 |
|
$ 54,966 |
|
$ 55,743 |
|
Efficiency ratio, as adjusted (Non-GAAP) |
62.25 % |
|
64.73 % |
|
66.09 % |
|
64.61 % |
|
69.15 % |
|
Adjusted Pre-tax, Pre-provision Net Income (Non-GAAP) |
|||||||||
|
|
For the Three Months Ended |
|
For the Nine Months Ended |
||||||
|
(Dollars in thousands, except per share data) |
9/30/2025 |
|
6/30/2025 |
|
9/30/2024 |
|
9/30/2025 |
|
9/30/2024 |
|
Net Income (GAAP) |
$ 7,839 |
|
$ 7,387 |
|
$ 7,095 |
|
$ 30,569 |
|
$ 18,625 |
|
Gain on sale of branches |
— |
|
— |
|
— |
|
(11,093) |
|
— |
|
Tax effect(1) |
— |
|
— |
|
— |
|
2,440 |
|
— |
|
Transaction bonus accrual |
— |
|
— |
|
— |
|
490 |
|
— |
|
Tax effect(1) |
— |
|
— |
|
— |
|
(108) |
|
— |
|
Board restructuring accrual |
— |
|
— |
|
— |
|
381 |
|
— |
|
Tax effect(1) |
— |
|
— |
|
— |
|
(84) |
|
— |
|
Net (gains) losses on sale of securities |
— |
|
— |
|
— |
|
— |
|
(4) |
|
Tax effect(1) |
— |
|
— |
|
— |
|
— |
|
1 |
|
Merger & restructuring expenses |
— |
|
16 |
|
171 |
|
57 |
|
858 |
|
Tax effect(1) |
— |
|
(4) |
|
(36) |
|
(13) |
|
(180) |
|
Adjusted Net Income (Non-GAAP) |
7,839 |
|
7,399 |
|
7,230 |
|
22,639 |
|
19,300 |
|
Income tax expense |
2,178 |
|
2,086 |
|
2,030 |
|
8,123 |
|
5,265 |
|
Provision for credit losses |
1,003 |
|
344 |
|
84 |
|
1,575 |
|
125 |
|
Tax effect included in Adjusted Net Income |
- |
|
4 |
|
36 |
|
(2,235) |
|
179 |
|
Adjusted Pre-tax, Pre-provision Net Income (Non-GAAP) |
$ 11,020 |
|
$ 9,833 |
|
$ 9,380 |
|
$ 30,102 |
|
$ 24,869 |
|
|
|||||||||
|
(1) Tax effect was |
|
Adjusted Earnings Per Share |
|||||||||
|
|
For the Three Months Ended |
|
For the Nine Months Ended |
||||||
|
(Dollars in thousands, except per share data) |
9/30/2025 |
|
6/30/2025 |
|
9/30/2024 |
|
9/30/2025 |
|
9/30/2024 |
|
GAAP-Based Earnings Per Share, Basic |
$ 0.21 |
|
$ 0.20 |
|
$ 0.19 |
|
$ 0.82 |
|
$ 0.50 |
|
GAAP-Based Earnings Per Share, Diluted |
$ 0.21 |
|
$ 0.20 |
|
$ 0.19 |
|
$ 0.82 |
|
$ 0.50 |
|
Net Income |
$ 7,839 |
|
$ 7,387 |
|
$ 7,095 |
|
$ 30,569 |
|
$ 18,625 |
|
Gain on sale of branches |
— |
|
— |
|
— |
|
(11,093) |
|
— |
|
Tax effect(1) |
— |
|
— |
|
— |
|
2,440 |
|
— |
|
Transaction bonus accrual |
— |
|
— |
|
— |
|
490 |
|
— |
|
Tax effect(1) |
— |
|
— |
|
— |
|
(108) |
|
— |
|
Board restructuring accrual |
— |
|
— |
|
— |
|
381 |
|
— |
|
Tax effect(1) |
— |
|
— |
|
— |
|
(84) |
|
— |
|
Merger & restructuring expenses |
— |
|
16 |
|
171 |
|
57 |
|
858 |
|
Tax effect(1) |
— |
|
(4) |
|
(36) |
|
(13) |
|
(180) |
|
Net (gains) losses on sale of securities |
— |
|
— |
|
— |
|
— |
|
(4) |
|
Tax effect(1) |
— |
|
— |
|
— |
|
— |
|
1 |
|
Adjusted Net Income (Non-GAAP) |
$ 7,839 |
|
$ 7,399 |
|
$ 7,230 |
|
$ 22,639 |
|
$ 19,300 |
|
Adjusted Earnings per Share, Basic (Non-GAAP) |
$ 0.21 |
|
$ 0.20 |
|
$ 0.20 |
|
$ 0.61 |
|
$ 0.52 |
|
Adjusted Earnings per Share, Diluted (Non-GAAP) |
$ 0.21 |
|
$ 0.20 |
|
$ 0.19 |
|
$ 0.61 |
|
$ 0.52 |
|
|
|||||||||
|
(1) Tax effect was |
Contact:
Nick West
Director, Corporate Development
717.678.7935
IR@LINKBANCORP.COM
View original content to download multimedia:https://www.prnewswire.com/news-releases/linkbancorp-inc-announces-strong-third-quarter-2025-earnings-and-declares-dividend-302595749.html
SOURCE LINKBANCORP, Inc.
FAQ
What were LINKBANCORP (LNKB) Q3 2025 earnings per share and net income?
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