Business
Cornerstone Bancorp, Inc. Quarterly Report - December 31, 2025
Cornerstone Bancorp, Inc. Quarterly Report - December 31, 2025.
About this update from Cornerstone Bancorp Inc.
[{"type":"text","content":"\r\n\r\n \r\n \r\n Cornerstone Bancorp, Inc. Quarterly Report - December 31, 2025\r\n \r\n \r\n\r\n\r\nCornerstone Bancorp, Inc. Quarterly Report - December 31, 2025\r\n\r\n\r\n\r\n\r\n\r\n\r\nCornerstone Bancorp Earns $3.1 Million for the Fourth Quarter, and $10.8 Million for the Year 2025\r\n PALATINE, Ill., Jan. 27, 2026 /PRNewswire/ -- Cornerstone Bancorp, Inc. (OTCID: CNBP), the bank holding company for Cornerstone National Bank & Trust Company (collectively \"Cornerstone\"), today reported net income of $3.1 million, or $3.14 per diluted share, for the fourth quarter of 2025, compared to $3.0 million, or $3.02 per diluted share, for the fourth quarter of 2024.\r\nFor the year ended December 31, 2025, net income increased 10.9% to $10.8 million, or $11.00 per diluted share, compared to 2024's earnings of $9.8 million, or $9.95 per diluted share.  All 2025 results are unaudited.\r\n \"Cornerstone's investment portfolio continues its very short duration and provides high levels of liquidity to take advantage of credit opportunities,\" stated Gerald F. Fitzgerald, Jr., Chairman of Cornerstone Bancorp, Inc.\r\n \"We were very pleased with the growth of Cornerstone's loan portfolio in 2025 which exceeded $99 million, 15%.  Asset quality still remains very high with only two individual credits on nonaccrual status totaling less than $422,000,\" Fitzgerald continued.\r\n Fourth Quarter and Full Year 2025 Highlights:\r\n \r\n Consolidated net income was $3.1 million, or $3.14 per diluted share, in the fourth quarter of 2025, compared to $3.0 million, or $3.02 per diluted share, in the fourth quarter of 2024.\r\n For 2025, net income increased 10.9%, to $10.8 million, or $11.00 per diluted share compared to $9.8 million, or $9.95 per diluted share, in 2024.\r\n The net interest margin (NIM) was 3.77% in the fourth quarter of 2025, compared to 3.30% in the fourth quarter of 2024.  For the full year 2025, the NIM was 3.66% compared to 3.32% in 2024.\r\n Total assets increased 5.8% to $1.03 billion at year-end, compared to $976.9 million a year earlier.\r\n Tangible shareholders' equity improved 13.2% to $91.7 million at December 31, 2025, compared to $81.0 million a year earlier.\r\n Interest-bearing deposits at correspondent banks totaled $65.6 million on December 31, 2025 (6.3% of total assets) compared to $8...