River City Bank Reports 2025 First Quarter Net Income of $12.3 Million and a Quarterly Cash Dividend
River City Bank reported Q1 2025 net income of $12.3 million ($8.39 per diluted share), down from $18.7 million ($12.63 per diluted share) in Q1 2024. The bank achieved a 10.0% return on equity and 0.93% return on assets.
Key highlights include:
- Average loan outstandings increased by $580 million year-over-year, with loan yields decreasing to 5.38%
- Average deposits grew by $221 million compared to Q1 2024
- Cost of funds decreased by 0.19% to 2.91%
- Book value per share rose to $345 from $299 year-over-year
The bank maintained strong credit quality with zero non-performing loans and an Allowance for Credit Losses of 2.36%. The board approved a quarterly cash dividend of $0.40 per common share, payable on May 20, 2025.
River City Bank ha riportato un utile netto nel primo trimestre 2025 di 12,3 milioni di dollari (8,39 dollari per azione diluita), in calo rispetto ai 18,7 milioni di dollari (12,63 dollari per azione diluita) del primo trimestre 2024. La banca ha realizzato un rendimento del capitale proprio del 10,0% e un rendimento degli attivi dello 0,93%.
Punti salienti:
- Le esposizioni medie sui prestiti sono aumentate di 580 milioni di dollari su base annua, con un rendimento dei prestiti in calo al 5,38%
- I depositi medi sono cresciuti di 221 milioni di dollari rispetto al primo trimestre 2024
- Il costo dei fondi 猫 diminuito dello 0,19% attestandosi al 2,91%
- Il valore contabile per azione 猫 salito a 345 dollari dai 299 dell鈥檃nno precedente
La banca ha mantenuto una solida qualit脿 del credito con zero prestiti in sofferenza e un Accantonamento per Perdite su Crediti pari al 2,36%. Il consiglio ha approvato un dividendo trimestrale in contanti di 0,40 dollari per azione ordinaria, pagabile il 20 maggio 2025.
River City Bank report贸 un ingreso neto en el primer trimestre de 2025 de 12,3 millones de d贸lares (8,39 d贸lares por acci贸n diluida), disminuyendo desde 18,7 millones de d贸lares (12,63 d贸lares por acci贸n diluida) en el primer trimestre de 2024. El banco logr贸 un retorno sobre el patrimonio del 10,0% y un retorno sobre activos del 0,93%.
Puntos clave:
- Los pr茅stamos promedio aumentaron 580 millones de d贸lares interanualmente, con rendimientos de pr茅stamos que disminuyeron a 5,38%
- Los dep贸sitos promedio crecieron 221 millones de d贸lares en comparaci贸n con el primer trimestre de 2024
- El costo de los fondos disminuy贸 0,19% hasta 2,91%
- El valor contable por acci贸n aument贸 a 345 d贸lares desde 299 d贸lares a帽o tras a帽o
El banco mantuvo una s贸lida calidad crediticia con cero pr茅stamos morosos y una provisi贸n para p茅rdidas crediticias del 2,36%. La junta aprob贸 un dividendo trimestral en efectivo de 0,40 d贸lares por acci贸n com煤n, pagadero el 20 de mayo de 2025.
River City Bank電� 2025雲� 1攵勱赴 靾滌澊鞚奠澊 1,230毵� 雼煬(頋劃 欤茧嫻 8.39雼煬)搿�, 2024雲� 1攵勱赴 1,870毵� 雼煬(頋劃 欤茧嫻 12.63雼煬)鞐愳劀 臧愳唽頄堧嫟瓿� 氤搓碃頄堨姷雼堧嫟. 鞚�頄夓潃 鞛愱赴鞛愲掣鞚挫澋毳� 10.0%瓿� 鞛愳偘靾橃澋毳� 0.93%毳� 旮半頄堨姷雼堧嫟.
欤检殧 雮挫毄:
- 韽夑窢 雽�於� 鞛旍暋鞚� 鞝勲厔 雽�牍� 5鞏� 8,000毵� 雼煬 歃濌皜頄堨溂氅�, 雽�於� 靾橃澋毳犾潃 5.38%搿� 頃橂澖
- 韽夑窢 鞓堦笀鞚� 2024雲� 1攵勱赴 雽�牍� 2鞏� 2,100毵� 雼煬 歃濌皜
- 鞛愱笀 臁半嫭 牍勳毄鞚� 0.19% 頃橂澖頃橃棳 2.91% 旮半
- 欤茧嫻 鞛ル秬 臧�旃橂姅 鞝勲厔 299雼煬鞐愳劀 345雼煬搿� 靸侅姽
鞚�頄夓潃 攵�鞁� 雽�於滌澊 鞝勴榾 鞐嗞碃 鞁犾毄靻愳嫟於╇嫻旮� 牍勳湪鞚� 2.36%搿� 鞖办垬頃� 鞁犾毄 頀堨鞚� 鞙犾頄堨姷雼堧嫟. 鞚挫偓須岆姅 氤错喌欤茧嫻 0.40雼煬鞚� 攵勱赴 順勱笀 氚半嫻旮堨潉 鞀轨澑頄堨溂氅�, 2025雲� 5鞗� 20鞚检棎 歆�旮夒悹 鞓堨爼鞛呺媹雼�.
River City Bank a annonc茅 un b茅n茅fice net au premier trimestre 2025 de 12,3 millions de dollars (8,39 dollars par action dilu茅e), en baisse par rapport 脿 18,7 millions de dollars (12,63 dollars par action dilu茅e) au premier trimestre 2024. La banque a r茅alis茅 un rendement des capitaux propres de 10,0% et un rendement des actifs de 0,93%.
Points cl茅s :
- Les encours moyens de pr锚ts ont augment茅 de 580 millions de dollars d鈥檜ne ann茅e sur l鈥檃utre, avec un rendement des pr锚ts en baisse 脿 5,38%
- Les d茅p么ts moyens ont augment茅 de 221 millions de dollars par rapport au premier trimestre 2024
- Le co没t des fonds a diminu茅 de 0,19 % pour s鈥櫭﹖ablir 脿 2,91 %
- La valeur comptable par action est pass茅e de 299 脿 345 dollars en un an
La banque a maintenu une qualit茅 de cr茅dit solide avec z茅ro pr锚t non performant et une provision pour pertes sur pr锚ts de 2,36 %. Le conseil d鈥檃dministration a approuv茅 un dividende trimestriel en esp猫ces de 0,40 dollar par action ordinaire, payable le 20 mai 2025.
River City Bank meldete f眉r das erste Quartal 2025 einen Nettogewinn von 12,3 Millionen US-Dollar (8,39 US-Dollar je verw盲sserter Aktie), gegen眉ber 18,7 Millionen US-Dollar (12,63 US-Dollar je verw盲sserter Aktie) im ersten Quartal 2024. Die Bank erzielte eine Eigenkapitalrendite von 10,0% und eine Gesamtkapitalrendite von 0,93%.
Wichtige Highlights:
- Der durchschnittliche Darlehensbestand stieg im Jahresvergleich um 580 Millionen US-Dollar, wobei die Darlehensrenditen auf 5,38% sanken
- Die durchschnittlichen Einlagen wuchsen im Vergleich zum ersten Quartal 2024 um 221 Millionen US-Dollar
- Die Kosten der Mittel sanken um 0,19% auf 2,91%
- Der Buchwert je Aktie stieg im Jahresvergleich von 299 auf 345 US-Dollar
Die Bank hielt eine starke Kreditqualit盲t mit null notleidenden Krediten und einer Kreditrisikovorsorge von 2,36%. Der Vorstand genehmigte eine viertelj盲hrliche Bardividende von 0,40 US-Dollar je Stammaktie, zahlbar am 20. Mai 2025.
- Book value per share increased 15.4% YoY to $345
- Average loan outstandings grew by $580 million YoY
- Average deposits increased by $221 million YoY
- Zero non-performing loans, indicating strong credit quality
- Healthy 39% efficiency ratio
- Strong capital position with 9.3% Tier 1 Leverage Ratio
- Net income decreased 34.2% YoY to $12.3 million
- Earnings per share declined 33.6% YoY to $8.39
- $5.1 million reduction in income from interest rate swaps
- Loan yields decreased by 0.24% to 5.38%
SACRAMENTO, CALIFORNIA / / April 23, 2025 / (the Bank) reported net income of
Significant items impacting quarterly net income for March 31, 2025 and 2024 include the following:
Higher loan balances - Average loan outstandings for the quarter ended March 31, 2025 were
$580 million higher than the same period prior year, thereby increasing interest income from loans despite a0.24% decrease in loan yields to5.38% (including the impact of fair value hedges) compared to the same period in 2024.Deposit growth - Average deposits grew by
$221 million compared to the same period in the prior year, partially supporting the Bank's loan growth, with the remainder financed via reducing excess cash balances. Cost of funds decreased by0.19% to2.91% from the same period in 2024.The Bank recognized a
$5.1 million reduction to income related to free-standing interest rate swaps during the current quarter compared to$6.5 million increase to income in the prior year quarter, or a variance of$11.6 million when comparing the two periods. The current quarter impact is made up of a mark-to-market loss of$6.4 million , partially offset by$1.3 million in net payments received from swap counterparties. These swaps were entered into for the purpose of hedging the medium-term fixed rate loans in the Bank's loan portfolio, as part of the Bank's standard interest rate risk management program. Until these interest rate swaps are designated as a hedge to specific assets or liabilities, the mark-to-market fluctuations (positive and negative) will flow through the income statement.The provision for credit losses for the current quarter was a reversal of
$0.1 million compared to an addition of$4.0 million for the prior year quarter. The Bank had zero non-performing loans as of March 31, 2025, and the Bank's Allowance for Credit Losses for Loans was2.36% of Gross Loans as of March 31, 2025.
"The Bank continues to perform at a high level. The decrease in earnings vs. the prior year period is primarily a function of the accounting for a small portion of our interest rate swap portfolio. All our swaps have been executed to hedge our interest rate risk - none are for speculative purposes. As such, short-term mark-to-market gains and losses in the portfolio are not reflective of the long-term benefit to our balance sheet position," said Steve Fleming, president and chief executive officer. "Our loan quality remains pristine with virtually no delinquencies or non-performing loans. We will remain diligent with our credit monitoring related to potential impacts in the office segment of our commercial real estate loan portfolio and continue to help our commercial customers manage their businesses in the face of economic uncertainty."
"The Bank's high quality investment securities portfolio continues to perform well with relatively small unrealized losses of less than
Shareholders' equity for River City Bank on March 31, 2025 increased
Additionally, Mr. Fleming announced that the Bank's board of directors has approved a cash dividend of
ABOUT RIVER CITY BANK:
Named one of Sacramento Business Journal's "50 Fastest Growing Companies" for each of the past seven years, River City Bank is a leading boutique commercial bank throughout California with assets of over
Contact Information
Pamela Hansen
VP/Director of Marketing and Events
[email protected]
7075484292
SOURCE: River City Bank
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