Reports Q4 adjusted revenue $18.24M, consensus $15.06M. Reports Q4 tangible book value per share $10.63. Reports Q4 CET1 capital ratio 12.37%. James Hagan, president and CEO, commented, “I am pleased to report the results for the fourth quarter of 2024. Our strong, diversified, core deposit base was integral in effectively managing our funding costs over the last two years during a rising rate environment. Our disciplined approach to managing our funding costs resulted in an increase in net interest income for the second consecutive quarter in 2024.”
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