Mission Valley Bancorp Reports First Quarter Results
Mission Valley Bancorp reported a net income of $1.6 million ($0.47 per diluted share) for Q1 2025, slightly down from $1.7 million ($0.51 per diluted share) in Q1 2024. The bank announced a cash dividend of $0.15 per share, payable June 2, 2025.
Key highlights include:
- Net Interest Income rose 15.89% to $7.8 million
- Net Interest Margin improved to 4.87%
- Total Assets increased 4.28% to $706.3 million
- Total Deposits grew 7.38% to $592.0 million
- Gross Loans expanded 2.61% to $561.3 million
The bank's capital position remains strong with a Leverage Ratio of 10.11% and Total Risk Based Capital Ratio of 12.35%. Asset quality metrics show $9.3 million in Non-Accrual Loans and an Allowance for Credit Losses at 1.48% of Gross Loans.
Mission Valley Bancorp ha riportato un utile netto di 1,6 milioni di dollari (0,47 dollari per azione diluita) nel primo trimestre del 2025, leggermente in calo rispetto a 1,7 milioni di dollari (0,51 dollari per azione diluita) nel primo trimestre del 2024. La banca ha annunciato un dividendo in contanti di 0,15 dollari per azione, pagabile il 2 giugno 2025.
I punti salienti includono:
- Reddito da interessi netto aumentato del 15,89% a 7,8 milioni di dollari
- Margine di interesse netto migliorato al 4,87%
- Totale attività cresciuto del 4,28% a 706,3 milioni di dollari
- Totale depositi aumentato del 7,38% a 592,0 milioni di dollari
- Prestiti lordi ampliati del 2,61% a 561,3 milioni di dollari
La posizione patrimoniale della banca rimane solida con un rapporto di leva finanziaria del 10,11% e un rapporto di capitale totale basato sul rischio del 12,35%. Gli indicatori di qualità degli attivi mostrano 9,3 milioni di dollari in prestiti non produttivi e un accantonamento per perdite su crediti pari all'1,48% dei prestiti lordi.
Mission Valley Bancorp reportó un ingreso neto de 1,6 millones de dólares (0,47 dólares por acción diluida) para el primer trimestre de 2025, ligeramente inferior a los 1,7 millones de dólares (0,51 dólares por acción diluida) del primer trimestre de 2024. El banco anunció un dividendo en efectivo de 0,15 dólares por acción, pagadero el 2 de junio de 2025.
Los aspectos destacados incluyen:
- Ingreso neto por intereses aumentó un 15,89% a 7,8 millones de dólares
- Margen neto de intereses mejoró a 4,87%
- Activos totales crecieron un 4,28% hasta 706,3 millones de dólares
- Depósitos totales aumentaron un 7,38% a 592,0 millones de dólares
- Préstamos brutos se expandieron un 2,61% a 561,3 millones de dólares
La posición de capital del banco sigue siendo sólida con una relación de apalancamiento del 10,11% y una relación total de capital basada en riesgos del 12,35%. Los indicadores de calidad de activos muestran 9,3 millones de dólares en préstamos no acumulativos y una provisión para pérdidas crediticias del 1,48% sobre los préstamos brutos.
미션 밸리 뱅코프는 2025년 1분기에 순이익 160만 달러 (희석 주당 0.47달러)을 보고했으며, 이는 2024년 1분기의 170만 달러 (희석 주당 0.51달러)보다 다소 감소한 수치입니다. 은행은 2025년 6월 2일 지급 예정인 주당 0.15달러의 현금 배당을 발표했습니다.
주요 내용은 다음과 같습니다:
- 순이자수익이 15.89% 증가하여 780만 달러를 기록했습니다
- 순이자마진이 4.87%로 개선되었습니다
- 총자산이 4.28% 증가하여 7억 630만 달러가 되었습니다
- 총예금이 7.38% 증가하여 5억 9200만 달러에 달했습니다
- 총대출금이 2.61% 증가하여 5억 6130만 달러를 기록했습니다
은행의 자본 상태는 레버리지 비율 10.11%와 총 위험 기반 자본 비율 12.35%로 여전히 견고합니다. 자산 품질 지표는 부실채권이 930만 달러이며, 대손충당금은 총대출금의 1.48%입니다.
Mission Valley Bancorp a déclaré un revenu net de 1,6 million de dollars (0,47 dollar par action diluée) pour le premier trimestre 2025, en légère baisse par rapport à 1,7 million de dollars (0,51 dollar par action diluée) au premier trimestre 2024. La banque a annoncé un dividende en espèces de 0,15 dollar par action, payable le 2 juin 2025.
Les points clés incluent :
- Revenu net d'intérêts en hausse de 15,89 % à 7,8 millions de dollars
- Marge nette d'intérêts améliorée à 4,87 %
- Actifs totaux en hausse de 4,28 % à 706,3 millions de dollars
- Dépôts totaux en croissance de 7,38 % à 592,0 millions de dollars
- Prêts bruts en augmentation de 2,61 % à 561,3 millions de dollars
La position en capital de la banque reste solide avec un ratio d'effet de levier de 10,11 % et un ratio total de capital basé sur le risque de 12,35 %. Les indicateurs de qualité des actifs montrent 9,3 millions de dollars de prêts non productifs et une provision pour pertes sur créances de 1,48 % des prêts bruts.
Mission Valley Bancorp meldete für das erste Quartal 2025 einen Nettoertrag von 1,6 Millionen US-Dollar (0,47 US-Dollar je verwässerter Aktie), was leicht unter den 1,7 Millionen US-Dollar (0,51 US-Dollar je verwässerter Aktie) im ersten Quartal 2024 liegt. Die Bank kündigte eine Bardividende von 0,15 US-Dollar je Aktie an, zahlbar am 2. Juni 2025.
Wesentliche Highlights sind:
- Nettozinsertrag stieg um 15,89 % auf 7,8 Millionen US-Dollar
- Nettozinsmarge verbesserte sich auf 4,87 %
- Gesamtvermögen stieg um 4,28 % auf 706,3 Millionen US-Dollar
- Gesamteinlagen wuchsen um 7,38 % auf 592,0 Millionen US-Dollar
- Bruttokredite erhöhten sich um 2,61 % auf 561,3 Millionen US-Dollar
Die Kapitalausstattung der Bank bleibt mit einer Verschuldungsquote von 10,11 % und einer Gesamtkapitalquote auf Risiko-Basis von 12,35 % robust. Die Vermögensqualität zeigt notleidende Kredite in Höhe von 9,3 Millionen US-Dollar und eine Kreditrisikovorsorge von 1,48 % der Bruttokredite.
- Net interest income increased 15.89% to $7.8M in Q1 2025
- Net interest margin improved to 4.87% from 4.34% YoY
- Total deposits grew by $40.7M (7.38%) to $592.0M
- Strong capital position with 10.11% Leverage Ratio
- Consistent dividend payment of $0.15/share for fourth consecutive year
- SBA loan sales increased to $14.9M from $12.2M YoY
- Net income declined to $1.6M ($0.47/share) from $1.7M ($0.51/share) YoY
- Non-interest income decreased 7.74% YoY
- Non-accrual loans increased to $9.3M from $5.3M
- Potential impact of tariffs on loan portfolio noted as risk
Mission Valley's board of directors declared a cash dividend of
Tamara Gurney, President and Chief Executive Officer, commented, "Coming on the heels of a stellar 2024, I am proud to report our strong operating results for the first quarter highlighted by deposit growth of
Ms. Gurney continued, "Lastly, I am pleased to announce cash dividends for the fourth consecutive year in the amount of
First Quarter 2025 Highlights
- Net Income of
$1.6 million $0.47 - Net Interest Income was
$7.8 million $1.1 million 15.89% , compared to the first quarter of 2024. - Net Interest Margin of
4.87% for the first quarter of 2025 compared to4.34% for the first quarter of 2024. - Non-Interest Income was
$2.1 million $0.2 million 7.74% , compared to the first quarter of 2024. $14.9 million $0.7 million $12.2 million $0.7 million
Balance Sheet Highlights
- Total Assets were
$706.3 million $29.0 million 4.28% , compared to December 31, 2024. - Gross Loans were
$561.3 million $14.3 million 2.61% , compared to December 31, 2024. - Total Deposits were
$592.0 million $40.7 million 7.38% , compared to December 31, 2024. Brokered Deposits were$43.7 million $16.2 million 27.05% , compared to December 31, 2024.
Asset Quality
$24 thousand $20 thousand $4.7 million $5.3 million $23.5 million $26.4 million $9.3 million $5.3 million - Provision for Credit Losses of
$0.2 million - The Allowance for Credit Losses was
$8.3 million 1.48% of Gross Loans, as of March 31, 2025, compared to$8.0 million 1.48% of Gross Loans, as of December 31, 2024.
Capital and Liquidity
- Capital position remains strong, which is reflected by Leverage Ratio of
10.11% , Common Equity Tier 1 Capital Ratio of10.15% , Tier 1 Capital ratio of11.10% , and Total Risk Based Capital Ratio of12.35% . - Available borrowing capacity of
$211.5 million $2.8 million 1.34% , compared to December 31, 2024. - Unpledged available-for-sale investment securities of
$45.0 million
About Mission Valley Bancorp
Mission Valley Bancorp is a bank holding company headquartered in
Forward-looking statements:
Certain matters discussed in this news release constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based upon current management expectations and, therefore, are subject to certain risks and uncertainties that could cause actual results, performance, or achievements to differ materially from those expressed, suggested, or implied by the forward-looking statements. Forward-looking statements are effective only as of the date that they are made and the Company assumes no obligation to update this information.www.MissionValleyBank.com.
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SOURCE Mission Valley Bancorp
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