Cornerstone Bancorp, Inc. Quarterly Report - June 30, 2025
Cornerstone Bancorp (CNBP) reported strong Q2 2025 financial results, with consolidated net income reaching $2.8 million ($2.81 per diluted share), up from $2.0 million ($2.05 per diluted share) in Q2 2024. The bank's net interest margin improved to 3.65% from 3.27% year-over-year.
Total assets grew to $1.0 billion, a 1.4% increase from the previous year. The loan portfolio expanded by 7.2% to $686.1 million, while deposits increased 0.7% to $891.6 million. The bank maintains a strong capital position with a Tier 1 Leverage Capital Ratio of 10.32%. Trust and wealth management assets rose to $1.06 billion, showing significant growth from $975.9 million a year earlier.
Cornerstone Bancorp (CNBP) ha riportato solidi risultati finanziari per il secondo trimestre del 2025, con un utile netto consolidato che ha raggiunto 2,8 milioni di dollari (2,81 dollari per azione diluita), in aumento rispetto ai 2,0 milioni di dollari (2,05 dollari per azione diluita) del secondo trimestre 2024. Il margine di interesse netto della banca 猫 migliorato al 3,65% rispetto al 3,27% dell'anno precedente.
Il totale degli attivi 猫 cresciuto fino a 1,0 miliardo di dollari, con un incremento dell'1,4% rispetto all'anno precedente. Il portafoglio prestiti 猫 aumentato del 7,2% raggiungendo 686,1 milioni di dollari, mentre i depositi sono cresciuti dello 0,7% attestandosi a 891,6 milioni di dollari. La banca mantiene una solida posizione patrimoniale con un rapporto Tier 1 Leverage Capital del 10,32%. Gli asset in gestione fiduciaria e patrimoniale sono saliti a 1,06 miliardi di dollari, mostrando una crescita significativa rispetto ai 975,9 milioni di dollari dell'anno precedente.
Cornerstone Bancorp (CNBP) report贸 s贸lidos resultados financieros en el segundo trimestre de 2025, con un ingreso neto consolidado que alcanz贸 los 2.8 millones de d贸lares (2.81 d贸lares por acci贸n diluida), aumentando desde los 2.0 millones de d贸lares (2.05 d贸lares por acci贸n diluida) en el segundo trimestre de 2024. El margen de inter茅s neto del banco mejor贸 a 3.65% desde 3.27% interanual.
Los activos totales crecieron hasta 1.0 mil millones de d贸lares, un aumento del 1.4% respecto al a帽o anterior. La cartera de pr茅stamos se expandi贸 un 7.2% a 686.1 millones de d贸lares, mientras que los dep贸sitos aumentaron un 0.7% a 891.6 millones de d贸lares. El banco mantiene una s贸lida posici贸n de capital con un 铆ndice de apalancamiento Tier 1 del 10.32%. Los activos de fideicomisos y gesti贸n patrimonial aumentaron a 1.06 mil millones de d贸lares, mostrando un crecimiento significativo desde 975.9 millones de d贸lares un a帽o antes.
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齑濎瀽靷办潃 10鞏� 雼煬搿� 鞝勲厔 雽�牍� 1.4% 歃濌皜頄堨姷雼堧嫟. 雽�於� 韽姼韽措Μ鞓る姅 7.2% 歃濌皜頃� 6鞏� 8,610毵� 雼煬毳� 旮半頄堨溂氅�, 鞓堦笀鞚� 0.7% 歃濌皜頃� 8鞏� 9,160毵� 雼煬鞐� 雼枅鞀惦媹雼�. 鞚�頄夓潃 Tier 1 霠堧矂毽 鞛愲掣牍勳湪 10.32%搿� 臧曤牓頃� 鞛愲掣 靸來儨毳� 鞙犾頃橁碃 鞛堨姷雼堧嫟. 鞁犿儊 氚� 鞛愳偘 甏�毽� 鞛愳偘鞚� 10鞏� 6觳滊 雼煬搿� 1雲� 鞝� 9鞏� 7,590毵� 雼煬鞐愳劀 韥矊 歃濌皜頄堨姷雼堧嫟.
Cornerstone Bancorp (CNBP) a publi茅 de solides r茅sultats financiers pour le deuxi猫me trimestre 2025, avec un b茅n茅fice net consolid茅 atteignant 2,8 millions de dollars (2,81 dollars par action dilu茅e), en hausse par rapport 脿 2,0 millions de dollars (2,05 dollars par action dilu茅e) au deuxi猫me trimestre 2024. La marge nette d'int茅r锚t de la banque s'est am茅lior茅e 脿 3,65% contre 3,27% d'une ann茅e sur l'autre.
Le total des actifs a augment茅 pour atteindre 1,0 milliard de dollars, soit une hausse de 1,4% par rapport 脿 l'ann茅e pr茅c茅dente. Le portefeuille de pr锚ts s'est accru de 7,2% pour atteindre 686,1 millions de dollars, tandis que les d茅p么ts ont augment茅 de 0,7% pour s'茅tablir 脿 891,6 millions de dollars. La banque maintient une solide position en capital avec un ratio de levier Tier 1 de 10,32%. Les actifs en gestion fiduciaire et patrimoniale ont progress茅 pour atteindre 1,06 milliard de dollars, montrant une croissance significative par rapport 脿 975,9 millions de dollars un an plus t么t.
Cornerstone Bancorp (CNBP) meldete starke Finanzergebnisse f眉r das zweite Quartal 2025, mit einem konsolidierten Nettogewinn von 2,8 Millionen US-Dollar (2,81 US-Dollar je verw盲sserter Aktie), gegen眉ber 2,0 Millionen US-Dollar (2,05 US-Dollar je verw盲sserter Aktie) im zweiten Quartal 2024. Die Nettozinsmarge der Bank verbesserte sich im Jahresvergleich auf 3,65% von 3,27%.
Die Gesamtaktiva wuchsen auf 1,0 Milliarde US-Dollar, ein Anstieg von 1,4% gegen眉ber dem Vorjahr. Das Kreditportfolio expandierte um 7,2% auf 686,1 Millionen US-Dollar, w盲hrend die Einlagen um 0,7% auf 891,6 Millionen US-Dollar stiegen. Die Bank h盲lt eine starke Kapitalposition mit einer Tier-1-Leverage-Kapitalquote von 10,32%. Die Verm枚genswerte im Bereich Trust und Verm枚gensverwaltung stiegen auf 1,06 Milliarden US-Dollar und zeigten ein signifikantes Wachstum gegen眉ber 975,9 Millionen US-Dollar im Vorjahr.
- Net income increased 40% year-over-year to $2.8 million
- Net interest margin improved to 3.65% from 3.27%
- Loan portfolio grew 7.2% to $686.1 million
- Tangible shareholders' equity improved 14% to $84.5 million
- Trust and wealth management assets increased to $1.06 billion from $975.9 million
- Interest earned on deposit accounts decreased to $964,000 from $1.5 million
- Interest earned on US Treasury securities declined to $1.4 million from $1.5 million
- Other borrowings decreased to $5.5 million from $7.8 million
CORNERSTONE听BANCORP, INC.
SECOND QUARTER 2025 HIGHLIGHTS (At or for period ended 6/30/2025)
Income Statement Highlights
- Consolidated net income was
$2.8 million $2.81 $2.0 million $2.05 - The net interest margin (NIM) was
3.65% for 2Q25, compared to3.27% for 2Q24. - Interest earned on the Bank's interest-bearing deposit accounts at correspondent banks was
$964,000 $1.5 million - Interest earned on US Treasury securities was
$1.4 million $1.5 million Illinois income taxes. - Noninterest expense was
$6.5 million $6.4 million
Balance Sheet Highlights
- Total consolidated assets increased
1.4% to$1.0 billion $986.0 million - Tangible shareholders' equity improved
14.0% to$84.5 million $74.1 million - Interest-bearing deposits at correspondent banks totaled
$89.2 million 8.9% of total assets) compared to$142.8 million 14.4% of total assets). - The securities portfolio totaled
$206.2 million $181.1 million - The loan portfolio totaled
$686.1 million $45.9 million 7.2% , higher than a year earlier. - Total deposits increased
0.7% to$891.6 million $885.6 million - The Corporation's other borrowings were
$5.5 million $7.8 million - The Bank continues to be well-capitalized, with a Tier 1 Leverage Capital Ratio of
10.32% on June 30, 2025.
Trust and Wealth Management
- Trust and wealth management assets totaled
$1.06 billion $975.9 million
About Cornerstone Bancorp, Inc.
Founded in 2000, Cornerstone Bancorp, Inc., and its wholly-owned subsidiary, Cornerstone National Bank & Trust Company (collectively "Cornerstone") is committed to serving the commercial banking and investment needs of families and family-owned businesses. Cornerstone serves its clients by investing heavily in people and technology, providing an uncommon relationship experience. Cornerstone has been successful in attracting new clients and talent as the
Cornerstone is a leader in commercial lending services including equipment, real estate and construction loans and operating lines of credit.听 In addition, Cornerstone offers sophisticated treasury management services for businesses.
For individuals and families, wealth management services are offered, including investment management, trust and custody services, retirement plans, and estate and guardianship administration.
Headquartered in
Forward Looking Statement
This release may contain "forward-looking statements" that are subject to risks and uncertainties. Readers should not place undue reliance on forward-looking statements, which reflect management's views only as of the date hereof. All statements, other than statements of historical fact, regarding our financial position, business strategy and management's plans and objectives for future operations are forward-looking statements. When used in this report, the words "anticipate," "believe," "estimate," "expect," and "intend" and words or phrases of similar meaning, as they relate to Cornerstone or management, are intended to help identify forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Although we believe that management's expectations as reflected in forward-looking statements are reasonable, we cannot assure readers that those expectations will prove to be correct. Forward-looking statements are subject to various risks and uncertainties that may cause our actual results to differ materially and adversely from our expectations as indicated in the forward-looking statements. These risks and uncertainties include our ability to maintain or expand our market share or net interest margins, and to implement our marketing and growth strategies. Further, actual results may be affected by our ability to compete on price and other factors with other financial institutions; customer acceptance of new products and services; the regulatory environment in which we operate; and general trends in the local, regional and national banking industry and economy, as those factors relate to our cost of funds and return on assets. In addition, there are risks inherent in the banking industry relating to collectability of loans and changes in interest rates. Many of these risks, as well as other risks may have a material adverse impact on our operations and business.
Financial Highlights (Unaudited) | ||||||
听($ in Thousands, Except Share and Per Share Data) | ||||||
For the Quarter Ending | Year To Date | |||||
Income Statement | 30-Jun-25 | 30-Jun-24 | % Change | 30-Jun-25 | 30-Jun-24 | |
Net Interest Income | $听听听听听听听听听听听听听听听 8,883 | $听听听听听听听听听听听听听听听 7,918 | 12.2听% | $听听听听听听听听听听听听听 17,218 | $听听听听听听听听听听听听听 16,110 | |
Provision for Loan Losses | - | 150 | -100.0听% | - | 300 | |
Noninterest Income | 1,425 | 1,285 | 10.9听% | 2,801 | 2,626 | |
Noninterest Expense | 6,510 | 6,371 | 2.2听% | 13,417 | 12,732 | |
Provision for Income Taxes | 1,035 | 684 | 51.3听% | 1,809 | 1,551 | |
Net Income | $听听听听听听听听听听听听听听听 2,763 | $听听听听听听听听听听听听听听听 1,998 | 38.3听% | $听听听听听听听听听听听听听听听 4,793 | $听听听听听听听听听听听听听听听 4,153 | |
Ratios | ||||||
Return on Average Assets * | 1.12听% | 0.82听% | 37.2听% | 1.05听% | 0.95听% | |
Return on Average Stockholders' Equity * | 12.92听% | 10.29听% | 25.5听% | 12.25听% | 12.05听% | |
Net Interest Margin | 3.65听% | 3.27听% | 11.6听% | 3.56听% | 3.33听% | |
Allowance for Credit Losses on Loans to Gross Loans | 1.27听% | 1.32听% | -3.4听% | 1.27听% | 1.32听% | |
Dividends Per Share | $听 听 听 听 听 听 听 听 听 听 听 听 - | $听 听 听 听 听 听 听 听 听 听 听 听 - | N\A | $听听听听听听听听听听听听听听听听听 2.50 | $听听听听听听听听听听听听听听听听听 2.50 | |
Earnings Per Share | $听听听听听听听听听听听听听听听听听 2.81 | $听听听听听听听听听听听听听听听听听 2.05 | 37.1听% | $听听听听听听听听听听听听听听听听听 4.86 | $听听听听听听听听听听听听听听听听听 4.24 | |
End of Period | ||||||
Balance Sheet Data | 30-Jun-25 | 30-Jun-24 | % Change | 31-Dec-24 | 31-Dec-23 | |
Total Assets | $听听听听听听听 1,000,224 | $听听听听听听听听听听 986,039 | 1.4听% | $听听听听听听听听听听 976,886 | $听听听听听听听听听听听 958,795 | |
Loans, Net of Allowance for Loan Loss | $听听听听听听听听听听 677,382 | $听听听听听听听听听听 631,775 | 7.2听% | $听听听听听听听听听听 638,832 | $听听听听听听听听听听听 639,509 | |
Deposits | $听听听听听听听听听听 891,640 | $听听听听听听听听听听 885,599 | 0.7听% | $听听听听听听听听听听 871,306 | $听听听听听听听听听听听 861,203 | |
Trust Preferred Securities | $听 听 听 听 听 听 听10,310 | $听 听 听 听 听 听 听10,310 | 0.0听% | $听 听 听 听 听 听 听10,310 | $听听听听听听听听听听听听听 10,310 | |
Other Borrowings | $听 听 听 听 听 听 听 听5,500 | $听 听 听 听 听 听 听 听7,763 | -29.2听% | $听 听 听 听 听 听 听 听7,763 | $听听听听听听听听听听听听听听听 7,763 | |
Tangible Shareholders' Equity | $听 听 听 听 听 听 听84,456 | $听 听 听 听 听 听 听74,096 | 14.0听% | $听 听 听 听 听 听 听81,003 | $听听听听听听听听听听听听听 73,246 | |
Trust and Wealth Management Assets | $听听听听听听听 1,062,161 | $听听听听听听听听听听 975,896 | 8.8听% | $听听听听听听听 1,019,951 | $听听听听听听听听听听听 954,480 | |
Stock Value Per Common Share Data | ||||||
Price-To-Earnings Ratio * | 7.83 | 8.90 | -12.0听% | 8.30 | 6.31 | |
Price-To-Tangible Book Value Ratio | 1.03 | 0.97 | 5.9听% | 1.00 | 0.93 | |
Tangible Book Value Per Share | $听听听听听听听听听听听听听听听 85.85 | $听听听听听听听听听听听听听听听 75.51 | 13.7听% | $听听听听听听听听听听听听听听听 82.33 | $听听听听听听听听听听听听听听听 74.36 | |
Number of Shares Outstanding | 983,705 | 981,315 | 983,905 | 985,039 | ||
Average Number of Shares Outstanding | 983,773 | 974,904 | 983,386 | 982,767 | ||
Stock Price - High | $听听听听听听听听听听听听听听听 89.00 | $听听听听听听听听听听听听听听听 73.30 | $听听听听听听听听听听听听听听听 82.59 | $听听听听听听听听听听听听听听听 70.00 | ||
听听听听听听听听听听听听听听听听听听听听听听 Low | $听听听听听听听听听听听听听听听 85.75 | $听听听听听听听听听听听听听听听 70.60 | $听听听听听听听听听听听听听听听 75.95 | $听听听听听听听听听听听听听听听 66.75 | ||
听听听听听听听听听听听听听听听听听听听听听听 Ending | $听听听听听听听听听听听听听听听 88.25 | $听听听听听听听听听听听听听听听 73.30 | $听听听听听听听听听听听听听听听 82.59 | $听听听听听听听听听听听听听听听 69.50 | ||
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*听听听听听听 - Quarter returns are based on annualized Net Income; Year-To-Date returns are based on the Last Twelve Months' (LTM) Net Income |
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SOURCE Cornerstone Bancorp, Inc.
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