Mission Valley Bancorp Reports First Quarter Results
Mission Valley Bancorp reported a net income of $1.6 million ($0.47 per diluted share) for Q1 2025, slightly down from $1.7 million ($0.51 per diluted share) in Q1 2024. The bank announced a cash dividend of $0.15 per share, payable June 2, 2025.
Key highlights include:
- Net Interest Income rose 15.89% to $7.8 million
- Net Interest Margin improved to 4.87%
- Total Assets increased 4.28% to $706.3 million
- Total Deposits grew 7.38% to $592.0 million
- Gross Loans expanded 2.61% to $561.3 million
The bank's capital position remains strong with a Leverage Ratio of 10.11% and Total Risk Based Capital Ratio of 12.35%. Asset quality metrics show $9.3 million in Non-Accrual Loans and an Allowance for Credit Losses at 1.48% of Gross Loans.
Mission Valley Bancorp ha riportato un utile netto di 1,6 milioni di dollari (0,47 dollari per azione diluita) nel primo trimestre del 2025, leggermente in calo rispetto a 1,7 milioni di dollari (0,51 dollari per azione diluita) nel primo trimestre del 2024. La banca ha annunciato un dividendo in contanti di 0,15 dollari per azione, pagabile il 2 giugno 2025.
I punti salienti includono:
- Reddito da interessi netto aumentato del 15,89% a 7,8 milioni di dollari
- Margine di interesse netto migliorato al 4,87%
- Totale attivit脿 cresciuto del 4,28% a 706,3 milioni di dollari
- Totale depositi aumentato del 7,38% a 592,0 milioni di dollari
- Prestiti lordi ampliati del 2,61% a 561,3 milioni di dollari
La posizione patrimoniale della banca rimane solida con un rapporto di leva finanziaria del 10,11% e un rapporto di capitale totale basato sul rischio del 12,35%. Gli indicatori di qualit脿 degli attivi mostrano 9,3 milioni di dollari in prestiti non produttivi e un accantonamento per perdite su crediti pari all'1,48% dei prestiti lordi.
Mission Valley Bancorp report贸 un ingreso neto de 1,6 millones de d贸lares (0,47 d贸lares por acci贸n diluida) para el primer trimestre de 2025, ligeramente inferior a los 1,7 millones de d贸lares (0,51 d贸lares por acci贸n diluida) del primer trimestre de 2024. El banco anunci贸 un dividendo en efectivo de 0,15 d贸lares por acci贸n, pagadero el 2 de junio de 2025.
Los aspectos destacados incluyen:
- Ingreso neto por intereses aument贸 un 15,89% a 7,8 millones de d贸lares
- Margen neto de intereses mejor贸 a 4,87%
- Activos totales crecieron un 4,28% hasta 706,3 millones de d贸lares
- Dep贸sitos totales aumentaron un 7,38% a 592,0 millones de d贸lares
- Pr茅stamos brutos se expandieron un 2,61% a 561,3 millones de d贸lares
La posici贸n de capital del banco sigue siendo s贸lida con una relaci贸n de apalancamiento del 10,11% y una relaci贸n total de capital basada en riesgos del 12,35%. Los indicadores de calidad de activos muestran 9,3 millones de d贸lares en pr茅stamos no acumulativos y una provisi贸n para p茅rdidas crediticias del 1,48% sobre los pr茅stamos brutos.
氙胳厴 氚鸽Μ 氡呾綌頂�電� 2025雲� 1攵勱赴鞐� 靾滌澊鞚� 160毵� 雼煬 (頋劃 欤茧嫻 0.47雼煬)鞚� 氤搓碃頄堨溂氅�, 鞚措姅 2024雲� 1攵勱赴鞚� 170毵� 雼煬 (頋劃 欤茧嫻 0.51雼煬)氤措嫟 雼れ唽 臧愳唽頃� 靾橃箻鞛呺媹雼�. 鞚�頄夓潃 2025雲� 6鞗� 2鞚� 歆�旮� 鞓堨爼鞚� 欤茧嫻 0.15雼煬鞚� 順勱笀 氚半嫻鞚� 氚滍憸頄堨姷雼堧嫟.
欤检殧 雮挫毄鞚� 雼れ潓瓿� 臧欖姷雼堧嫟:
- 靾涤澊鞛愳垬鞚�鞚� 15.89% 歃濌皜頃橃棳 780毵� 雼煬毳� 旮半頄堨姷雼堧嫟
- 靾涤澊鞛愲歆�鞚� 4.87%搿� 臧滌劆霅橃棃鞀惦媹雼�
- 齑濎瀽靷�鞚� 4.28% 歃濌皜頃橃棳 7鞏� 630毵� 雼煬臧� 霅橃棃鞀惦媹雼�
- 齑濎槇旮�鞚� 7.38% 歃濌皜頃橃棳 5鞏� 9200毵� 雼煬鞐� 雼枅鞀惦媹雼�
- 齑濍寑於滉笀鞚� 2.61% 歃濌皜頃橃棳 5鞏� 6130毵� 雼煬毳� 旮半頄堨姷雼堧嫟
鞚�頄夓潣 鞛愲掣 靸來儨電� 霠堧矂毽 牍勳湪 10.11%鞕� 齑� 鞙勴棙 旮半皹 鞛愲掣 牍勳湪 12.35%搿� 鞐爠頌� 瓴碃頃╇媹雼�. 鞛愳偘 頀堨 歆�響滊姅 攵�鞁れ眲甓岇澊 930毵� 雼煬鞚措┌, 雽�靻愳订雼龟笀鞚� 齑濍寑於滉笀鞚� 1.48%鞛呺媹雼�.
Mission Valley Bancorp a d茅clar茅 un revenu net de 1,6 million de dollars (0,47 dollar par action dilu茅e) pour le premier trimestre 2025, en l茅g猫re baisse par rapport 脿 1,7 million de dollars (0,51 dollar par action dilu茅e) au premier trimestre 2024. La banque a annonc茅 un dividende en esp猫ces de 0,15 dollar par action, payable le 2 juin 2025.
Les points cl茅s incluent :
- Revenu net d'int茅r锚ts en hausse de 15,89 % 脿 7,8 millions de dollars
- Marge nette d'int茅r锚ts am茅lior茅e 脿 4,87 %
- Actifs totaux en hausse de 4,28 % 脿 706,3 millions de dollars
- D茅p么ts totaux en croissance de 7,38 % 脿 592,0 millions de dollars
- Pr锚ts bruts en augmentation de 2,61 % 脿 561,3 millions de dollars
La position en capital de la banque reste solide avec un ratio d'effet de levier de 10,11 % et un ratio total de capital bas茅 sur le risque de 12,35 %. Les indicateurs de qualit茅 des actifs montrent 9,3 millions de dollars de pr锚ts non productifs et une provision pour pertes sur cr茅ances de 1,48 % des pr锚ts bruts.
Mission Valley Bancorp meldete f眉r das erste Quartal 2025 einen Nettoertrag von 1,6 Millionen US-Dollar (0,47 US-Dollar je verw盲sserter Aktie), was leicht unter den 1,7 Millionen US-Dollar (0,51 US-Dollar je verw盲sserter Aktie) im ersten Quartal 2024 liegt. Die Bank k眉ndigte eine Bardividende von 0,15 US-Dollar je Aktie an, zahlbar am 2. Juni 2025.
Wesentliche Highlights sind:
- Nettozinsertrag stieg um 15,89 % auf 7,8 Millionen US-Dollar
- Nettozinsmarge verbesserte sich auf 4,87 %
- 骋别蝉补尘迟惫别谤尘枚驳别苍 stieg um 4,28 % auf 706,3 Millionen US-Dollar
- Gesamteinlagen wuchsen um 7,38 % auf 592,0 Millionen US-Dollar
- Bruttokredite erh枚hten sich um 2,61 % auf 561,3 Millionen US-Dollar
Die Kapitalausstattung der Bank bleibt mit einer Verschuldungsquote von 10,11 % und einer Gesamtkapitalquote auf Risiko-Basis von 12,35 % robust. Die Verm枚gensqualit盲t zeigt notleidende Kredite in H枚he von 9,3 Millionen US-Dollar und eine Kreditrisikovorsorge von 1,48 % der Bruttokredite.
- Net interest income increased 15.89% to $7.8M in Q1 2025
- Net interest margin improved to 4.87% from 4.34% YoY
- Total deposits grew by $40.7M (7.38%) to $592.0M
- Strong capital position with 10.11% Leverage Ratio
- Consistent dividend payment of $0.15/share for fourth consecutive year
- SBA loan sales increased to $14.9M from $12.2M YoY
- Net income declined to $1.6M ($0.47/share) from $1.7M ($0.51/share) YoY
- Non-interest income decreased 7.74% YoY
- Non-accrual loans increased to $9.3M from $5.3M
- Potential impact of tariffs on loan portfolio noted as risk
Mission Valley's board of directors declared a cash dividend of
Tamara Gurney, President and Chief Executive Officer, commented, "Coming on the heels of a stellar 2024, I am proud to report our strong operating results for the first quarter highlighted by deposit growth of
Ms. Gurney continued, "Lastly, I am pleased to announce cash dividends for the fourth consecutive year in the amount of
First Quarter 2025 Highlights
- Net Income of
$1.6 million $0.47 - Net Interest Income was
$7.8 million $1.1 million 15.89% , compared to the first quarter of 2024. - Net Interest Margin of
4.87% for the first quarter of 2025 compared to4.34% for the first quarter of 2024. - Non-Interest Income was
$2.1 million $0.2 million 7.74% , compared to the first quarter of 2024. $14.9 million $0.7 million $12.2 million $0.7 million
Balance Sheet Highlights
- Total Assets were
$706.3 million $29.0 million 4.28% , compared to December 31, 2024. - Gross Loans were
$561.3 million $14.3 million 2.61% , compared to December 31, 2024. - Total Deposits were
$592.0 million $40.7 million 7.38% , compared to December 31, 2024. Brokered Deposits were$43.7 million $16.2 million 27.05% , compared to December 31, 2024.
Asset Quality
$24 thousand $20 thousand $4.7 million $5.3 million $23.5 million $26.4 million $9.3 million $5.3 million - Provision for Credit Losses of
$0.2 million - The Allowance for Credit Losses was
$8.3 million 1.48% of Gross Loans, as of March 31, 2025, compared to$8.0 million 1.48% of Gross Loans, as of December 31, 2024.
Capital and Liquidity
- Capital position remains strong, which is reflected by Leverage Ratio of
10.11% , Common Equity Tier 1 Capital Ratio of10.15% , Tier 1 Capital ratio of11.10% , and Total Risk Based Capital Ratio of12.35% . - Available borrowing capacity of
$211.5 million $2.8 million 1.34% , compared to December 31, 2024. - Unpledged available-for-sale investment securities of
$45.0 million
About Mission Valley Bancorp
Mission Valley Bancorp is a bank holding company headquartered in
Forward-looking statements:
Certain matters discussed in this news release constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based upon current management expectations and, therefore, are subject to certain risks and uncertainties that could cause actual results, performance, or achievements to differ materially from those expressed, suggested, or implied by the forward-looking statements. Forward-looking statements are effective only as of the date that they are made and the Company assumes no obligation to update this information..
View original content to download multimedia:
SOURCE Mission Valley Bancorp
FAQ
What is Mission Valley Bancorp's (MVLY) earnings per share for Q1 2025?
How much dividend will MVLY pay shareholders in June 2025?
What was MVLY's deposit growth in Q1 2025?
How did Mission Valley's (MVLY) net interest income change in Q1 2025?
What is MVLY's loan quality status as of March 2025?
How much did Mission Valley Bancorp (MVLY) earn from SBA loan sales in Q1 2025?
