Solera National Bancorp Announces Second Quarter 2025 Financial Results
Solera National Bancorp (OTC:SLRK) reported exceptional Q2 2025 financial results, achieving multiple record-breaking metrics. The bank posted net income of $5.9 million ($1.38 per share), representing a 40% increase from Q2 2024. The company achieved pre-tax and pre-provision income of $8.6 million, up 48% year-over-year.
Key performance metrics include a 205% increase in non-interest income to $3.7 million, an improved return on assets of 2.02%, and return on equity of 25.92%. The bank's success was further validated by its recognition as the #3 Top-Performing Bank with under $2B in assets by American Banker in 2025.
Solera National Bancorp (OTC:SLRK) ha riportato risultati finanziari eccezionali nel secondo trimestre del 2025, raggiungendo diversi record. La banca ha registrato un utile netto di 5,9 milioni di dollari (1,38 dollari per azione), con un incremento del 40% rispetto al secondo trimestre del 2024. L'azienda ha conseguito un reddito ante imposte e accantonamenti di 8,6 milioni di dollari, in crescita del 48% su base annua.
I principali indicatori di performance includono un aumento del 205% del reddito non da interessi a 3,7 milioni di dollari, un miglioramento del ritorno sugli attivi al 2,02% e un ritorno sul capitale proprio del 25,92%. Il successo della banca è stato ulteriormente confermato dal riconoscimento come terza miglior banca per performance con meno di 2 miliardi di dollari in attivi, secondo American Banker nel 2025.
Solera National Bancorp (OTC:SLRK) reportó resultados financieros excepcionales en el segundo trimestre de 2025, alcanzando múltiples métricas récord. El banco registró un ingreso neto de 5.9 millones de dólares (1.38 dólares por acción), lo que representa un aumento del 40% respecto al segundo trimestre de 2024. La compañía logró un ingreso antes de impuestos y provisiones de 8.6 millones de dólares, un 48% más año tras año.
Las métricas clave de desempeño incluyen un aumento del 205% en ingresos no provenientes de intereses hasta 3.7 millones de dólares, una mejora en el retorno sobre activos del 2.02% y un retorno sobre el patrimonio del 25.92%. El éxito del banco fue además validado al ser reconocido como el tercer banco con mejor desempeño con activos inferiores a 2 mil millones de dólares por American Banker en 2025.
Solera National Bancorp (OTC:SLRK)는 2025년 2분기에 뛰어난 재무 성과를 보고하며 여러 기록을 경신했습니다. 은행은 순이익 590만 달러(주당 1.38달러)를 기록하여 2024년 2분기 대비 40% 증가했습니다. 회사는 세전 및 대손충당금 전 수익 860만 달러를 달성하며 전년 대비 48% 증가했습니다.
주요 성과 지표로는 비이자수익이 205% 증가하여 370만 달러에 달했고, 자산수익률은 2.02%, 자기자본이익률은 25.92%로 개선되었습니다. 또한 이 은행은 2025년 American Banker가 선정한 자산 20억 달러 미만 은행 중 3위의 최고 실적 은행으로 인정받았습니다.
Solera National Bancorp (OTC:SLRK) a publié des résultats financiers exceptionnels pour le deuxième trimestre 2025, atteignant plusieurs records. La banque a affiché un revenu net de 5,9 millions de dollars (1,38 dollar par action), soit une augmentation de 40 % par rapport au deuxième trimestre 2024. La société a réalisé un revenu avant impôts et provisions de 8,6 millions de dollars, en hausse de 48 % d'une année sur l'autre.
Les principaux indicateurs de performance incluent une augmentation de 205 % des revenus hors intérêts à 3,7 millions de dollars, un retour sur actifs amélioré à 2,02 % et un retour sur capitaux propres de 25,92 %. Le succès de la banque a également été confirmé par sa reconnaissance en tant que 3e meilleure banque par performance avec moins de 2 milliards de dollars d'actifs par American Banker en 2025.
Solera National Bancorp (OTC:SLRK) meldete herausragende Finanzergebnisse für das zweite Quartal 2025 und erreichte dabei mehrere Rekordwerte. Die Bank erzielte einen Nettoertrag von 5,9 Millionen US-Dollar (1,38 US-Dollar je Aktie), was einem Anstieg von 40 % gegenüber dem zweiten Quartal 2024 entspricht. Das Unternehmen erreichte ein Ergebnis vor Steuern und Rückstellungen von 8,6 Millionen US-Dollar, ein Plus von 48 % im Jahresvergleich.
Wichtige Leistungskennzahlen umfassen einen 205%igen Anstieg der Zinserträge ohne Zinsen auf 3,7 Millionen US-Dollar, eine verbesserte Gesamtkapitalrendite von 2,02 % und eine Eigenkapitalrendite von 25,92 %. Der Erfolg der Bank wurde zudem durch die Auszeichnung als drittbeste Bank mit weniger als 2 Milliarden US-Dollar an Vermögenswerten durch American Banker im Jahr 2025 bestätigt.
- None.
- None.
Net income of
Q2 2025 pre-tax and pre-provision income of
American Banker has recognized Solera National as part of the 2025 Top-Performing Banks with under
LAKEWOOD, CO / ACCESS Newswire / July 25, 2025 / Solera National Bancorp, Inc. (OTC:SLRK) ("Company"), the holding company for Solera National Bank ("Bank"), a business-focused bank located in the Denver metropolitan area, today reported financial results for the three months ended June 30, 2025. See highlights below.
2Q25 Financial Highlights
Net income of
$5.9 million ($1.38 per share), a$1.7 million or40% increase from Q2 2024.Net interest income increased
$726 thousand or11% from Q2 2024.Solera had a pre-tax and pre-provision income of
$8.6 million .48% or$2.8 million increase from Q2 2024.Non-interest income of
$3.7 million or$2.5 million , or a205% increase from Q2 2024.Return on assets was
2.02% , a 66 bps improvement from Q2 2024.Return on equity was
25.92% , a 549 bps improvement from Q2 2024.
Mike Quagliano, Executive Chairman of the Board, commented: "We exist for the benefit of the shareholders, and our relentless focus on customer excellence has led to 11 years of stellar earnings, with this latest quarter being the best yet."
Steve Snailum, COO, commented: "The agility of Solera is propelling us forward in the banking landscape. The commitment of the company and the board to advancing Solera's tech stack and streamlining the operations empowers us to swiftly overcome obstacles, streamline processes, and foster client relationships in a very unique way. We are committed to quicker advancement than the competition and maintaining stronger customer bonds. This record-breaking quarter truly showcases the dedication, skill, and effort that is on display daily at Solera National Bank."
Avram Shabanyan, EVP, commented: "Strong partnerships and a disciplined focus on client success fuel Solera Bank's continued growth in the self-directed space. Our continued commitment to customer-first solutions empowers individuals to utilize their retirement funds in alternative investment opportunities confidently."
Jay Hansen, Chief Financial Officer, commented: "Our performance this quarter reflects the strength of our diversified portfolio and disciplined risk management. Our ratios continue to improve, and our team members are in a great position for long-term success."
About Solera National Bancorp, Inc.
Solera National Bancorp, Inc. was incorporated in 2006 to organize and serve as the holding company for Solera National Bank, which opened for business in September 2007. Solera National Bank is a community bank serving the needs of emerging businesses and real estate investors. At the core of Solera National Bank is welcoming, attentive, and respectful customer service, a focus on supporting a growing and diverse economy, and a passion to serve our community through service, education, and volunteerism. For more information, please visit http://www.SoleraBank.com.
This press release contains statements that may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The statements contained in this release, which are not historical facts and that relate to future plans or projected results of Solera National Bancorp, Inc. and its wholly-owned subsidiary, Solera National Bank, are forward-looking statements. These forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from those projected, anticipated, or implied. We undertake no obligation to update or revise any forward-looking statement. Readers of this release are cautioned not to put undue reliance on forward-looking statements.
Source: Solera National Bank
Contacts: Jay Hansen, CFO (303) 209-8600
FINANCIAL TABLES FOLLOW
SOLERA NATIONAL BANCORP, INC.
CONSOLIDATED BALANCE SHEET
(unaudited)
( | 6/30/25 | 3/31/25 | 12/31/24 | 9/30/24 | 6/30/24 | |||||||||||||||
ASSETS | ||||||||||||||||||||
Cash and due from banks | $ | 1,969 | $ | 2,401 | $ | 1,576 | $ | 2,193 | $ | 2,241 | ||||||||||
Federal funds sold | - | - | 800 | 400 | - | |||||||||||||||
Interest-bearing deposits with banks | 2,963 | 1,033 | 148 | 595 | 844 | |||||||||||||||
Investment securities, available-for-sale | 422,112 | 290,397 | 322,375 | 317,180 | 183,311 | |||||||||||||||
Investment securities, held-to-maturity | - | - | - | - | 200,457 | |||||||||||||||
FHLB and Federal Reserve Bank stocks, at cost | 5,004 | 5,525 | 7,457 | 3,204 | 10,959 | |||||||||||||||
Paycheck Protection Program (PPP) loans, gross | - | 5 | 20 | 35 | 50 | |||||||||||||||
Traditional loans, gross | 754,518 | 766,687 | 792,753 | 797,516 | 792,739 | |||||||||||||||
Allowance for loan and lease losses | (11,219 | ) | (10,914 | ) | (10,913 | ) | (10,912 | ) | (10,810 | ) | ||||||||||
Net traditional loans | 743,299 | 755,773 | 781,840 | 786,604 | 781,929 | |||||||||||||||
Premises and equipment, net | 35,128 | 33,236 | 33,476 | 32,289 | 30,625 | |||||||||||||||
Accrued interest receivable | 10,244 | 7,153 | 7,750 | 6,940 | 7,808 | |||||||||||||||
Bank-owned life insurance | 5,190 | 5,159 | 5,127 | 5,095 | 5,063 | |||||||||||||||
Other assets | 13,433 | 11,103 | 8,820 | 8,734 | 8,325 | |||||||||||||||
TOTAL ASSETS | $ | 1,239,342 | $ | 1,111,785 | $ | 1,169,389 | $ | 1,163,269 | $ | 1,231,612 | ||||||||||
LIABILITIES AND STOCKHOLDERS' EQUITY | ||||||||||||||||||||
Noninterest-bearing demand deposits | $ | 463,861 | $ | 466,455 | $ | 484,604 | $ | 497,661 | $ | 503,819 | ||||||||||
Interest-bearing demand deposits | 65,761 | 60,507 | 54,734 | 64,606 | 62,905 | |||||||||||||||
Savings and money market deposits | 138,964 | 104,560 | 100,987 | 103,118 | 102,892 | |||||||||||||||
Time deposits | 436,547 | 287,378 | 294,338 | 353,405 | 272,744 | |||||||||||||||
Total deposits | 1,105,133 | 918,900 | 934,663 | 1,018,790 | 942,360 | |||||||||||||||
Accrued interest payable | 2,528 | 1,808 | 2,587 | 2,618 | 2,104 | |||||||||||||||
Short-term borrowings | (1 | ) | 60,191 | 104,607 | 13,300 | 164,613 | ||||||||||||||
Long-term FHLB borrowings | 34,000 | 34,000 | 34,000 | 34,000 | 34,000 | |||||||||||||||
Accounts payable and other liabilities | 5,337 | 6,087 | 4,576 | 5,395 | 3,961 | |||||||||||||||
TOTAL LIABILITIES | 1,146,997 | 1,020,987 | 1,080,434 | 1,074,104 | 1,147,038 | |||||||||||||||
Common stock | 43 | 43 | 43 | 43 | 43 | |||||||||||||||
Additional paid-in capital | 38,778 | 38,763 | 38,748 | 38,748 | 38,778 | |||||||||||||||
Retained earnings | 83,008 | 77,076 | 72,455 | 67,163 | 61,667 | |||||||||||||||
Accumulated other comprehensive (loss) gain | (29,484 | ) | (25,084 | ) | (22,291 | ) | (16,789 | ) | (15,914 | ) | ||||||||||
TOTAL STOCKHOLDERS' EQUITY | 92,345 | 90,798 | 88,955 | 89,165 | 84,574 | |||||||||||||||
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY | $ | 1,239,342 | $ | 1,111,785 | $ | 1,169,389 | $ | 1,163,269 | $ | 1,231,612 | ||||||||||
SOLERA NATIONAL BANCORP, INC.
CONSOLIDATED STATEMENTS OF OPERATIONS (unaudited)
Three Months Ended | ||||||||||||||||||||
( | 6/30/25 | 3/31/25 | 12/31/24 | 9/30/24 | 6/30/24 | |||||||||||||||
Interest and dividend income | ||||||||||||||||||||
Interest and fees on traditional loans | $ | 12,791 | $ | 13,101 | $ | 13,615 | $ | 13,854 | $ | 13,270 | ||||||||||
Investment securities | 4,831 | 3,490 | 3,297 | 3,544 | 3,721 | |||||||||||||||
Dividends on bank stocks | 180 | 175 | 131 | 160 | 249 | |||||||||||||||
Other | 21 | 49 | 13 | 19 | 22 | |||||||||||||||
Total interest income | $ | 17,823 | $ | 16,815 | $ | 17,056 | $ | 17,577 | $ | 17,262 | ||||||||||
Interest expense | ||||||||||||||||||||
Deposits | 6,235 | 4,959 | 5,564 | 6,312 | 5,285 | |||||||||||||||
FHLB & Fed borrowings | 1,410 | 1,550 | 1,223 | 1,332 | 2,831 | |||||||||||||||
Total interest expense | 7,645 | 6,509 | 6,787 | 7,644 | 8,116 | |||||||||||||||
Net interest income | 10,178 | 10,306 | 10,269 | 9,933 | 9,146 | |||||||||||||||
Provision for loan and lease losses | 310 | 7 | 6 | 105 | 4 | |||||||||||||||
Net interest income after provision for loan and lease losses | 9,868 | 10,299 | 10,263 | 9,828 | 9,142 | |||||||||||||||
Noninterest income | ||||||||||||||||||||
Customer service and other fees | 291 | 300 | 470 | 389 | 468 | |||||||||||||||
Other income | 677 | 807 | 954 | 1,138 | 738 | |||||||||||||||
Gain on sale of securities | 2,709 | - | - | 858 | - | |||||||||||||||
Total noninterest income | 3,677 | 1,107 | 1,424 | 2,385 | 1,206 | |||||||||||||||
Noninterest expense | ||||||||||||||||||||
Employee compensation and benefits | 2,827 | 2,656 | 2,611 | 2,472 | 2,514 | |||||||||||||||
Occupancy | 553 | 448 | 492 | 393 | 387 | |||||||||||||||
Professional fees | 330 | 259 | 309 | 122 | 75 | |||||||||||||||
Other general and administrative | 1,593 | 1,694 | 1,437 | 1,423 | 1,582 | |||||||||||||||
Total noninterest expense | 5,303 | 5,057 | 4,849 | 4,410 | 4,558 | |||||||||||||||
Net Income Before Taxes | $ | 8,242 | $ | 6,349 | $ | 6,838 | $ | 7,803 | $ | 5,790 | ||||||||||
Income Tax Expense | 2,309 | 1,711 | 1,526 | 2,294 | 1,564 | |||||||||||||||
Net Income | $ | 5,933 | $ | 4,638 | $ | 5,312 | $ | 5,509 | $ | 4,226 | ||||||||||
Income Per Share | $ | 1.38 | $ | 1.08 | $ | 1.24 | $ | 1.28 | $ | 0.98 | ||||||||||
Tangible Book Value Per Share | $ | 21.48 | $ | 21.12 | $ | 20.69 | $ | 20.74 | $ | 19.67 | ||||||||||
WA Shares outstanding | 4,299,953 | 4,299,953 | 4,299,953 | 4,299,953 | 4,299,953 | |||||||||||||||
Pre-Tax Pre-Provision Income | $ | 8,552 | $ | 6,356 | $ | 6,844 | $ | 7,908 | $ | 5,794 | ||||||||||
Net Interest Margin | 3.56 | % | 3.93 | % | 3.81 | % | 3.67 | % | 3.39 | % | ||||||||||
Cost of Funds | 2.66 | % | 2.49 | % | 2.51 | % | 2.72 | % | 2.80 | % | ||||||||||
Efficiency Ratio | 47.58 | % | 44.31 | % | 41.47 | % | 38.48 | % | 44.03 | % | ||||||||||
Return on Average Assets | 2.02 | % | 1.63 | % | 1.82 | % | 1.84 | % | 1.36 | % | ||||||||||
Return on Average Equity | 25.92 | % | 20.64 | % | 23.86 | % | 25.37 | % | 20.42 | % | ||||||||||
Leverage Ratio | 9.8 | % | 10.4 | % | 9.5 | % | 9.1 | % | 8.2 | % | ||||||||||
Asset Quality: | ||||||||||||||||||||
Non-performing loans to gross loans | 0.60 | % | 0.42 | % | 0.52 | % | 0.65 | % | 0.48 | % | ||||||||||
Non-performing assets to total assets | 0.37 | % | 0.29 | % | 0.35 | % | 0.45 | % | 0.31 | % | ||||||||||
Allowance for loan losses to gross traditional loans | 1.49 | % | 1.42 | % | 1.38 | % | 1.37 | % | 1.36 | % | ||||||||||
* Not meaningful due to the insignificant amount of non-performing loans. | ||||||||||||||||||||
Criticized loans/assets: | ||||||||||||||||||||
Special mention | $ | 2,842 | $ | 11,103 | $ | 10,730 | $ | 29,145 | $ | 25,244 | ||||||||||
Substandard: Accruing | 39,971 | 19,641 | 14,911 | 22,410 | 23,030 | |||||||||||||||
Substandard: Nonaccrual | 4,526 | 3,251 | 4,142 | 5,180 | 3,784 | |||||||||||||||
Doubtful | - | - | - | - | - | |||||||||||||||
Total criticized loans | $ | 47,339 | $ | 33,995 | $ | 29,782 | $ | 56,735 | $ | 52,058 | ||||||||||
Other real estate owned | - | - | - | - | - | |||||||||||||||
Investment securities | - | - | - | - | - | |||||||||||||||
Total criticized assets | $ | 47,339 | $ | 33,995 | $ | 29,782 | $ | 56,735 | $ | 52,058 | ||||||||||
Criticized assets to total assets | 3.82 | % | 3.06 | % | 2.55 | % | 4.88 | % | 4.23 | % | ||||||||||
SOURCE: Solera National Bancorp, Inc.
View the original press release on ACCESS Newswire
FAQ
What was Solera National Bancorp's (SLRK) earnings per share in Q2 2025?
How much did SLRK's net income grow compared to Q2 2024?
What was Solera National Bank's return on equity (ROE) in Q2 2025?
How did SLRK's non-interest income perform in Q2 2025?
What ranking did Solera National receive from American Banker in 2025?
