blueharbor bank Reports Second Quarter 2025 Net Income
blueharbor bank (OTCQX:BLHK) reported outstanding Q2 2025 financial results, with net income reaching $2.51 million, or $0.83 per diluted share, marking a significant 76% increase from Q2 2024. The bank demonstrated robust growth with total assets reaching $544.3 million, up 18% year-over-year.
Key performance metrics showed exceptional strength, including a 4.28% net interest margin, 1.94% ROA, and 18.06% ROE. Asset quality remained excellent with zero non-performing assets, while maintaining strong capital levels with a 14.1% total risk-based capital ratio. The bank also paid a dividend of $0.25 per share and reported a 15% year-over-year increase in book value to $20.00.
blueharbor bank (OTCQX:BLHK) ha annunciato risultati finanziari eccezionali per il secondo trimestre del 2025, con un utile netto che ha raggiunto i 2,51 milioni di dollari, pari a 0,83 dollari per azione diluita, segnando un significativo incremento del 76% rispetto al secondo trimestre del 2024. La banca ha mostrato una solida crescita con un totale attivo di 544,3 milioni di dollari, in aumento del 18% su base annua.
I principali indicatori di performance hanno evidenziato una forza notevole, tra cui un margine di interesse netto del 4,28%, un ROA del 1,94% e un ROE del 18,06%. La qualit脿 degli attivi 猫 rimasta eccellente, con assenza di attivit脿 non performanti, mantenendo al contempo livelli di capitale solidi con un rapporto totale di capitale basato sul rischio del 14,1%. La banca ha inoltre distribuito un dividendo di 0,25 dollari per azione e ha riportato un aumento del 15% del valore contabile su base annua, arrivando a 20,00 dollari.
blueharbor bank (OTCQX:BLHK) report贸 resultados financieros sobresalientes para el segundo trimestre de 2025, con un ingreso neto que alcanz贸 los 2,51 millones de d贸lares, o 0,83 d贸lares por acci贸n diluida, marcando un significativo aumento del 76% respecto al segundo trimestre de 2024. El banco mostr贸 un crecimiento robusto con activos totales que llegaron a 544,3 millones de d贸lares, un 18% m谩s interanual.
Los indicadores clave de desempe帽o mostraron una fortaleza excepcional, incluyendo un margen neto de inter茅s del 4,28%, un ROA del 1,94% y un ROE del 18,06%. La calidad de los activos se mantuvo excelente con cero activos improductivos, al mismo tiempo que se mantuvieron s贸lidos niveles de capital con una relaci贸n total de capital basado en riesgo del 14,1%. El banco tambi茅n pag贸 un dividendo de 0,25 d贸lares por acci贸n y report贸 un aumento del 15% interanual en el valor contable hasta 20,00 d贸lares.
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blueharbor bank (OTCQX:BLHK) a annonc茅 des r茅sultats financiers exceptionnels pour le deuxi猫me trimestre 2025, avec un b茅n茅fice net atteignant 2,51 millions de dollars, soit 0,83 dollar par action dilu茅e, marquant une augmentation significative de 76% par rapport au deuxi猫me trimestre 2024. La banque a affich茅 une croissance solide avec un total d'actifs atteignant 544,3 millions de dollars, en hausse de 18% sur un an.
Les indicateurs cl茅s de performance ont montr茅 une force remarquable, incluant une marge nette d'int茅r锚t de 4,28%, un ROA de 1,94% et un ROE de 18,06%. La qualit茅 des actifs est rest茅e excellente avec z茅ro actif non performant, tout en maintenant des niveaux de capital solides avec un ratio total de fonds propres pond茅r茅 par les risques de 14,1%. La banque a 茅galement vers茅 un dividende de 0,25 dollar par action et a rapport茅 une augmentation de 15% du valeur comptable sur un an, atteignant 20,00 dollars.
blueharbor bank (OTCQX:BLHK) meldete herausragende Finanzergebnisse f眉r das zweite Quartal 2025, mit einem Nettogewinn von 2,51 Millionen US-Dollar bzw. 0,83 US-Dollar je verw盲sserter Aktie, was eine deutliche Steigerung von 76% gegen眉ber dem zweiten Quartal 2024 bedeutet. Die Bank verzeichnete ein robustes Wachstum mit einer Bilanzsumme von 544,3 Millionen US-Dollar, ein Plus von 18% im Jahresvergleich.
Wichtige Leistungskennzahlen zeigten au脽ergew枚hnliche St盲rke, darunter eine Nettozinsmarge von 4,28%, eine ROA von 1,94% und eine ROE von 18,06%. Die Verm枚gensqualit盲t blieb ausgezeichnet mit null notleidenden Krediten, w盲hrend die Kapitalst盲rke mit einer Gesamtrisikobasierten Kapitalquote von 14,1% hoch blieb. Die Bank zahlte au脽erdem eine Dividende von 0,25 US-Dollar je Aktie und meldete einen 15%igen Anstieg des Buchwerts auf 20,00 US-Dollar im Jahresvergleich.
- None.
- Total Risk-Based Capital Ratio declined to 14.1% from 14.9% year-over-year
- Loan to Deposit Ratio increased to 98.7%, indicating potentially tighter liquidity
Second Quarter 2025 Highlights
- Diluted earnings per share increase of
77% over 2nd quarter 2024 - Return on average assets (ROA) of
1.94% - Return on average equity (ROE) of
18.06% - Net interest margin of
4.28% - Efficiency ratio of
40.61% - Book value of
$20.00 15% increase year over year - Shareholder Equity growth of
7.2% for the 6 months, and14.6% annualized - Dividend of
$0.25
blueharbor bank reported net income of
The Bank reported total assets of
Asset quality remained very strong for the second quarter of 2025, with zero non-performing assets, which is down from
Capital levels also remained high with total risk-based capital at
Net interest income was
The bank recorded a quarterly provision for credit losses of
Noninterest income was
Noninterest expense was
Jim Marshall, President and Chief Executive Officer, commented, "We are very proud and pleased with our solid performance for the quarter and first half of 2025. I would like to commend our team for the outstanding deep relationships they have developed with our customers, and to our customers that continually refer their friends to us because of the level of service and professionalism they receive here at blueharbor."
blueharbor bank is headquartered in
Summary Selected Financial Data Schedule attached below.
Forward-Looking Statement:
This press release contains forward-looking statements. Words such as "anticipates," "believes," "estimates," "expects," "intends," "should," "will," variations of such words and similar expressions are intended to identify forward-looking statements. These statements reflect management's current beliefs as to the expected outcomes of future events and are not guarantees of future performance. These statements involve certain risks, uncertainties and assumptions that are difficult to predict with regard to timing, extent, likelihood and degree of occurrence. As such, actual results and outcomes may materially differ from what may be expressed or forecast in such forward-looking statements. Factors that could cause a difference include, among others: changes in the national and local economies or market conditions; changes in interest rates, deposit levels, loan demand and asset quality, including real estate and other collateral values; changes in banking regulations and accounting principles, policies or guidelines; and the impact of competition from traditional or new sources. These and other factors that may emerge could cause decisions and actual results to differ materially from current expectations. blueharbor bank takes no obligation to revise, update, or clarify forward-looking statements to reflect events or conditions after the date of this press release.
Summary Selected Financial Data | |||||||
(Unaudited) | (Audited) | (Unaudited) | |||||
June 30, | December 31, | June 30, | |||||
Balance Sheet Data: | 2025 | 2024 | 2024 | ||||
Total Assets | $听 听 544,335,216 | $听 听 506,756,753 | $听 听 463,313,580 | ||||
Total Gross Loans | 462,122,604 | 432,756,829 | 391,336,334 | ||||
Allowance for Loan Losses | 4,367,773 | 4,131,598 | 3,787,206 | ||||
Total Deposits | 468,098,141 | 440,733,082 | 404,429,345 | ||||
Total Shareholders' Equity | 59,180,455 | 55,189,737 | 51,878,068 | ||||
(Unaudited) | (Unaudited) | ||||||
Three Months Ended | Six Months Ended | ||||||
June 30, | June 30, | ||||||
Earnings and Per Share Data: | 2025 | 2024 | 2025 | 2024 | |||
Interest Income | $听 听 听 听 7,351,605 | $听 听 听 听 6,249,732 | $听 听 听 14,317,358 | $听 听 11,915,430 | |||
Interest Expense | 2,075,398 | 2,042,224 | 4,162,835 | 3,943,104 | |||
Net Interest Income | 5,276,207 | 4,207,508 | 10,154,523 | 7,972,326 | |||
Provision for Loan Losses | 236,769 | 232,541 | 223,393 | 352,695 | |||
Net Interest Income after | |||||||
Provision for Loan Losses | 5,039,438 | 3,974,967 | 9,931,130 | 7,619,631 | |||
Noninterest Income | 572,860 | 523,164 | 1,109,950 | 1,002,414 | |||
Noninterest Expense | 2,375,524 | 2,663,598 | 4,738,159 | 5,047,665 | |||
Net Income before Taxes | 3,236,774 | 1,834,533 | 6,302,921 | 3,574,380 | |||
Income Taxes | 724,075 | 404,945 | 1,397,275 | 808,184 | |||
Net Income | $听 听 听 听 2,512,699 | $听 听 听 听 1,429,588 | $听 听 听 听 4,905,646 | $听 听 听 2,766,196 | |||
Basic Income per Share | $听听听听听听听听听听听听听听听听 0.85 | $听听听听听听听听听听听听听听听听 0.48 | $听听听听听听听听听听听听听听听听 1.67 | $听听听听听听听听听听听听听听 0.94 | |||
Diluted Income per Share | $听听听听听听听听听听听听听听听听 0.83 | $听听听听听听听听听听听听听听听听 0.47 | $听听听听听听听听听听听听听听听听 1.63 | $听听听听听听听听听听听听听听 0.92 | |||
Annualized Performance Ratios:听 | |||||||
Return on average assets | 1.94听% | 1.25听% | 1.94听% | 1.23听% | |||
Return on average equity | 18.06听% | 11.13听% | 17.63听% | 10.93听% | |||
Efficiency ratio | 40.61听% | 56.30听% | 42.1听% | 56.2听% | |||
Overhead ratio | 34.17听% | 50.87听% | 35.7听% | 50.7听% | |||
Net Interest Margin | 4.28听% | 3.89听% | 4.22听% | 3.77听% | |||
Cost of Funds | 2.62听% | 2.84听% | 2.66听% | 2.82听% | |||
(Unaudited) | (Unaudited) | ||||||
June 30, | June 30, | ||||||
2025 | 2024 | ||||||
Financial Ratios: | |||||||
Book Value | $听听听听听听听听听听听听听听 20.00 | $听听听听听听听听听听听听听听 17.43 | |||||
Nonperforming Assets to Total Assets Ratio | 0.00听% | 0.01听% | |||||
Loan to Deposit Ratio | 98.7听% | 98.2听% | |||||
Tier 1 Leverage Ratio | 12.0听% | 12.0听% | |||||
Common Equity Tier 1 Risk-Based Capital Ratio | 13.1听% | 13.8听% | |||||
Tier 1 Risk-Based Capital Ratio | 13.1听% | 13.8听% | |||||
Total Risk-Based Capital Ratio | 14.1听% | 14.9听% | |||||
听
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