Reports Q1 adjusted revenue $28.0M, consensus $30.64M. Net interest margin expanded to 3.94% for Q1 vs. 3.85% for Q4 2024. Tangible book value per share increased 44c, or 8.2%, from $5.361 at December 31, 2024 to $5.801 at March 31, 2025. “We are very pleased to present consistent core earnings in addition to the successful sale of our New Jersey operations,” said CEO Andrew Samuel. “Strong core deposit growth and the gain from the New Jersey sale has well positioned our teams to support our loan pipeline headed into the second quarter. Our strengthened liquidity and capital positions provide the foundation for continued growth, with an emphasis on creating long term shareholder value as we positively impact our local communities.”
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