Business
Mission Bancorp Reports All-Time Record Quarterly Earnings of $8.6 Million for the Third Quarter of 2025, an Increase of 10% Year Over Year. Annualized Noninterest-Bearing and Total Deposit Growth of Over 20%.
Mission Bancorp Reports All-Time Record Quarterly Earnings of $8.6 Million for the Third Quarter of 2025, an Increase of 10% Year Over Year. Annualized Noninterest-Bearing and Total Deposit Growth of Over 20%..
About this update from Mission Bancorp
[{"type":"text","content":"\r\n\r\n \r\n \r\n Mission Bancorp Reports All-Time Record Quarterly Earnings of $8.6 Million for the Third Quarter of 2025, an Increase of 10% Year Over Year. Annualized Noninterest-Bearing and Total Deposit Growth of Over 20%.\r\n \r\n \r\n\r\n\r\nMission Bancorp Reports All-Time Record Quarterly Earnings of $8.6 Million for the Third Quarter of 2025, an Increase of 10% Year Over Year. Annualized Noninterest-Bearing and Total Deposit Growth of Over 20%.\r\n\r\n\r\n\r\n\r\n\r\n\r\n \r\n BAKERSFIELD, Calif., Oct. 20, 2025 /PRNewswire/ -- Mission Bancorp (\"Mission\" or the \"Company\") (OTC Pink: MSBC), a bank holding company and parent of Mission Bank (the \"Bank\"), reported unaudited net income available to common shareholders of $8.6 million, or $3.05 per diluted common share, for the third quarter of 2025, compared to net income available to common shareholders of $7.8 million, or $2.79 per diluted common share, for the third quarter of 2024, and net income available to common shareholders of $3.1 million, or $1.11 per diluted common share, for the linked quarter.\r\n \r\n \r\n \r\n \r\n \r\n \r\n \r\n \"We are proud to report a record quarter, with earnings of $8.6 million,\" said A.J. Antongiovanni, President and Chief Executive Officer of Mission Bancorp. \"At a time when the industry is facing headwinds in terms of growing deposits and loans, our relationship-driven banking model continues to prove successful, with loan growth at an annualized rate of 18%, noninterest-bearing and total deposits growing 22% and 25%, respectively.  Additionally, our net interest margin has grown as deposit costs have decreased, and we move funds out of cash and short-term investments into loans. Credit has been stable, although we proceed with caution as unemployment and inflation continue to trend upward.  Thank you to our customers and to our hard-working team, it is their partnership that has led the Company to these groundbreaking results.\"\r\n \r\n Third Quarter 2025 Financial Highlights\r\n \r\n \r\n Gross loans increased by $171.8 million, or 13.8%, to $1.42 billion as of September 30, 2025, compared to $1.24 billion as of September 30, 2024, and increased by $61.0 million, or 4.5%, compared to June 30, 2025, balances.\r\n Total deposits increased by $121.3 million, or 7.5%, to $1.73 billion as of September 30, 2025...