Business
OXFORD BANK CORPORATION ANNOUNCES SIX MONTH AND SECOND QUARTER 2025 OPERATING RESULTS
OXFORD BANK CORPORATION ANNOUNCES SIX MONTH AND SECOND QUARTER 2025 OPERATING RESULTS.
About this update from Oxford Bank Corporation
[{"type":"text","content":"\r\n\r\n \r\n \r\n OXFORD BANK CORPORATION ANNOUNCES SIX MONTH AND SECOND QUARTER 2025 OPERATING RESULTS\r\n \r\n \r\n\r\n\r\nOXFORD BANK CORPORATION ANNOUNCES SIX MONTH AND SECOND QUARTER 2025 OPERATING RESULTS\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\nOXFORD, Mich., Aug. 4, 2025 /PRNewswire/ -- Oxford Bank Corporation (\"the Company\") (OTC Bulletin Board: OXBC), the holding company for Oxford Bank (\"the Bank\"), today announced operating results for the second quarter ended June 30, 2025.\r\n\r\n \r\n \r\n \r\n \r\n \r\n \r\n\r\n \r\nThe Company's quarterly consolidated earnings for the three months ended June 30, 2025, were $2.78 million, or $1.13 per weighted average share, compared to $2.26 million, or $0.92 per weighted average share for the same period one year ago.  President and CEO, David Lamb, commented, \"We are pleased with the performance during the quarter and year-to-date. We continue to see momentum for profitable growth throughout 2025 and beyond although subject to all kinds of potential external risks some too new to assess today.  Our business strategy has been very consistent over the years which is providing a people-oriented relationship that is supplemented by technology to constantly improve the client experience. Our core tactic is being able to serve our clients and prospective clients from the \"unconventional\" – start-up and distressed to providing ESOP financing to very successful conventional clients. We remain confident this strategy will continue to deliver consistent value to our stakeholders primarily shareholders, team and communities through continued solid short-term and long-term financial success for the Company.\"\r\nLamb continued, \"Comparing to prior year, net income has grown due to increasing net interest income.  Net interest income is the lifeblood of community banks like Oxford and provides a stable and recurring driver of earnings going forward.  This growth in net interest income has come from the team's engagement in executing on our business model to provide a superior experience and providing leadership feedback on continuous improvement ideas.\"\r\nTotal Assets of the Company were $859.51 million as of June 30, 2025, compared to $823.87 million at March 31, 2025 and $821.23 million at June 30, 2024.  \"The balance sheet has increased from the prior q...