Solera National Bancorp Announces Third Quarter 2025 Financial Results

Rhea-AI Summary

Solera National Bancorp (OTC:SLRK) reported Q3 2025 results for the quarter ended September 30, 2025, with a record net income of $6.5 million ($1.52 per share), a 19% increase versus Q3 2024.

Key metrics include pre-tax/pre-provision income $8.5 million, non-interest income $4.0 million (up 67% YoY), Tier 1 leverage ratio 11% (up 187 bps YoY), ROA 2.17% (+33 bps) and ROE 26.46% (+109 bps).

Management highlighted digital banking enhancements, integrations with major data aggregators, and focused commercial relationship activity aimed at growing the business-banking and self-directed retirement account segments.

Positive

• Net income $6.5M, a 19% increase vs Q3 2024
• Pre-tax/pre-provision income of $8.5M
• Non-interest income $4.0M, up 67% YoY
• Tier 1 leverage ratio 11%, up 187 bps YoY
• ROA 2.17%, improved 33 bps YoY
• ROE 26.46%, improved 109 bps YoY

Negative

• None.

Net income of $6.5 million ($1.52 per share), a NEW RECORD!

Q3 2025 pre-tax and pre-provision income of $8.5 million.

LAKEWOOD, CO / ACCESS Newswire / October 29, 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 September 30, 2025. See highlights below.

3Q25 Financial Highlights

• Net income of $6.5 million ($1.52 per share), a $1.0 million or 19% increase from Q3 2024.

• Tier 1 leverage ratio of 11%, 187 BPS increase from Q3 2024.

• Non-interest income of $4.0 million, a $1.6 million increase, or a 67% increase from Q3 2024.

• Return on assets was 2.17%, a 33 bps improvement from Q3 2024.

• Return on equity was 26.46%, a 109 bps improvement from Q3 2024.

Steve Snailum, COO, commented: "Another record quarter! The bank's agility and strategic execution have enabled us to capitalize on market opportunities. This quarter, we rolled out enhanced business online and digital banking, which enhanced and modernized our suite of business products and services. We also completed integrations with all major data aggregators, thereby allowing our customers to seamlessly connect their preferred software solutions to their Solera bank accounts. Solera remains committed to growing the business bank by offering cutting-edge products and services to help you run your business effectively. The time is now to move your business to Solera."

Avram Shabanyan, EVP, commented: "Our proactive engagement with provider partners and clients has been instrumental in strengthening Solera Bank's presence in the self-directed space. By visiting our partners and attending key industry events, we're strengthening relationships, expanding collaboration, and reinforcing our commitment to helping clients confidently manage their alternative investments through self-directed retirement accounts. At Solera, we believe our clients should have the freedom to take control of their retirement by investing in alternative assets-empowering them to break free from Wall Street, minimize high brokerage and custodian fees, and grow their retirement accounts."

Cole Kent, Commercial Relationship Manager: "The commercial credit team maintains a high standard of service, fortifying current relationships and expertly navigating customers' ever-more complex financial challenges. Solera continues to prioritize the acquisition of strategic customer-partners, offering them the same dependable banking relationship that current SNB customers have come to trust."

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.

Contacts: Jay Hansen, CFO (303) 209-8600

FINANCIAL TABLES FOLLOW

SOLERA NATIONAL BANCORP, INC.
CONSOLIDATED BALANCE SHEET
(unaudited)

($000s)		9/30/2025				6/30/2025				3/31/2025				12/31/2024				9/30/2024
ASSETS
Cash and due from banks		$	1,378			$	1,969			$	2,401			$	1,576			$	2,193
Federal funds sold			23,900				-				-				800				400
Interest-bearing deposits with banks			1,872				2,963				1,033				148				595
Investment securities, available-for-sale			324,376				422,112				290,397				322,375				317,180
FHLB and Federal Reserve Bank stocks, at cost			3,171				5,004				5,525				7,457				3,204
Paycheck Protection Program (PPP) loans, gross			-				-				5				20				35
Net PPP loans			-				-				5				20				35
Traditional loans, gross			764,433				754,518				766,687				792,753				797,516
Allowance for loan and lease losses			(11,218	)			(11,219	)			(10,914	)			(10,913	)			(10,912	)
Net traditional loans			753,215				743,299				755,773				781,840				786,604
Premises and equipment, net			36,911				35,128				33,236				33,476				32,289
Accrued interest receivable			8,148				10,244				7,153				7,750				6,940
Bank-owned life insurance			5,223				5,190				5,159				5,127				5,095
Other assets			11,032				13,433				11,103				8,820				8,734
TOTAL ASSETS		$	1,169,226			$	1,239,342			$	1,111,785			$	1,169,389			$	1,163,269
LIABILITIES AND STOCKHOLDERS' EQUITY
Noninterest-bearing demand deposits		$	452,965			$	463,861			$	466,455			$	484,604			$	497,661
Interest-bearing demand deposits			88,048				65,761				60,507				54,734				64,606
Savings and money market deposits			121,868				138,964				104,560				100,987				103,118
Time deposits			358,976				436,547				287,378				294,338				353,405
Total deposits			1,021,857				1,105,133				918,900				934,663				1,018,790
Accrued interest payable			1,587				2,528				1,808				2,587				2,618
Short-term borrowings			-				-				60,191				104,607				13,300
Long-term FHLB borrowings			34,000				34,000				34,000				34,000				34,000
Accounts payable and other liabilities			6,392				5,336				6,087				4,576				5,395
TOTAL LIABILITIES			1,063,836				1,146,997				1,020,987				1,080,434				1,074,104
Common stock			43				43				43				43				43
Additional paid-in capital			38,793				38,778				38,763				38,748				38,748
Retained earnings			89,549				83,008				77,076				72,455				67,163
Accumulated other comprehensive (loss) gain			(22,995	)			(29,484	)			(25,084	)			(22,291	)			(16,789	)
TOTAL STOCKHOLDERS' EQUITY			105,390				92,345				90,798				88,955				89,165
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY		$	1,169,226			$	1,239,342			$	1,111,785			$	1,169,389			$	1,163,269

SOLERA NATIONAL BANCORP, INC.
CONSOLIDATED STATEMENTS OF OPERATIONS (unaudited)
Three Months Ended

($000s, except per share data)		9/30/2025				6/30/2025				3/31/2025				12/31/2024				9/30/2024
Interest and dividend income
Interest and fees on traditional loans		$	12,802			$	12,791			$	13,101			$	13,615			$	13,854
Investment securities			4,275				4,831				3,490				3,297				3,544
Dividends on bank stocks			91				180				175				131				160
Other			26				21				49				13				19
Total interest income		$	17,194			$	17,823			$	16,815			$	17,056			$	17,577
Interest expense
Deposits			6,463				6,235				4,959				5,564				6,312
FHLB & Fed borrowings			550				1,410				1,550				1,223				1,332
Total interest expense			7,013				7,645				6,509				6,787				7,644
Net interest income			10,181				10,178				10,306				10,269				9,933
Provision for loan and lease losses			6				310				7				6				105
Net interest income after provision for loan and lease losses			10,175				9,868				10,299				10,263				9,828
Noninterest income
Customer service and other fees			284				291				300				470				389
Other income			711				677				807				954				1,138
Gain on sale of securities			2,986				2,709				-				-				858
Total noninterest income			3,981				3,677				1,107				1,424				2,385
Noninterest expense
Employee compensation and benefits			2,838				2,827				2,656				2,611				2,472
Occupancy			538				553				448				492				393
Professional fees			677				330				259				309				122
Other general and administrative			1,629				1,593				1,694				1,437				1,423
Total noninterest expense			5,682				5,303				5,057				4,849				4,410
Net Income Before Taxes		$	8,474			$	8,242			$	6,349			$	6,838			$	7,803
Income Tax Expense			1,934				2,309				1,711				1,526				2,294
Net Income		$	6,540			$	5,933			$	4,638			$	5,312			$	5,509
Income Per Share		$	1.52			$	1.38			$	1.08			$	1.24			$	1.28
Tangible Book Value Per Share		$	24.51			$	21.48			$	21.12			$	20.69			$	20.74
WA Shares outstanding			4,299,953				4,299,953				4,299,953				4,299,953				4,299,953
Pre-Tax Pre-Provision Income		$	8,480			$	8,552			$	6,356			$	6,844			$	7,908
Net Interest Margin			3.70	%			3.56	%			3.93	%			3.81	%			3.67	%
Cost of Funds			2.54	%			2.66	%			2.49	%			2.51	%			2.72	%
Efficiency Ratio			50.84	%			47.58	%			44.31	%			41.47	%			38.48	%
Return on Average Assets			2.17	%			2.02	%			1.63	%			1.82	%			1.84	%
Return on Average Equity			26.46	%			25.92	%			20.64	%			23.86	%			25.37	%
Leverage Ratio			11.0	%			9.8	%			10.4	%			9.5	%			9.1	%
Asset Quality:
Non-performing loans to gross loans			0.59	%			0.60	%			0.42	%			0.52	%			0.65	%
Non-performing assets to total assets			0.39	%			0.37	%			0.29	%			0.35	%			0.45	%
Allowance for loan losses to gross traditional loans			1.47	%			1.49	%			1.42	%			1.38	%			1.37	%
* Not meaningful due to the insignificant amount of non-performing loans.
Criticized loans/assets:
Special mention		$	19,306			$	2,842			$	11,103			$	10,730			$	29,145
Substandard: Accruing			35,447				39,971				19,641				14,911				22,410
Substandard: Nonaccrual			8,281				4,526				3,251				4,142				5,180
Doubtful			-				-				-				-				-
Total criticized loans		$	63,034			$	47,339			$	33,995			$	29,782			$	56,735
Other real estate owned			-				-				-				-				-
Investment securities			-				-				-				-				-
Total criticized assets		$	63,034			$	47,339			$	33,995			$	29,782			$	56,735
Criticized assets to total assets			5.39	%			3.82	%			3.06	%			2.55	%			4.88	%

SOURCE: Solera National Bancorp, Inc.

View the original press release on ACCESS Newswire

FAQ

What was Solera National Bancorp's reported net income for Q3 2025 (SLRK)?

Solera reported $6.5 million net income for Q3 2025, or $1.52 per share.

How did SLRK's non-interest income change in Q3 2025 versus Q3 2024?

Non-interest income was $4.0 million, a 67% increase from Q3 2024.

What capital metric did Solera report for Q3 2025 and how did it change year-over-year?

The Tier 1 leverage ratio was 11%, an increase of 187 basis points from Q3 2024.

What were SLRK's profitability ratios in Q3 2025?

Return on assets was 2.17% (up 33 bps) and return on equity was 26.46% (up 109 bps) versus Q3 2024.

What operational initiatives did Solera highlight in the Q3 2025 results?

Management highlighted enhanced business online and digital banking and integrations with major data aggregators to improve product connectivity.

Does the Q3 2025 release indicate how pre-tax/pre-provision income performed for SLRK?

Yes—pre-tax and pre-provision income for Q3 2025 was reported at $8.5 million.