Business
Triad Business Bank (OTC Pink – "TBBC"), November 4, 2025, Announces Unaudited Third Quarter 2025 Results
GREENSBORO, N.C., November 04, 2025--For the three-month period ending September 30, 2025, Triad Business Bank (the "Bank") reported net income of $483,000 compared to a loss of $748,000 for the same period a year ago. Net income totaled $0.06 per share in the third quarter of 2025 compared to a loss of $0.09 per share in the third quarter of 2024. For the nine-month period ending September 30, 2025, the Bank reported a $2.4 million improvement in net income with a $897,000 profit in 2025 compar
About this update from Triad Business Bank
[{"type":"text","content":"Overview","length":8,"tagName":"p"},{"type":"text","content":"GREENSBORO, N.C., November 04, 2025--(BUSINESS WIRE)--For the three-month period ending September 30, 2025, Triad Business Bank (the "Bank") reported net income of $483,000 compared to a loss of $748,000 for the same period a year ago. Net income totaled $0.06 per share in the third quarter of 2025 compared to a loss of $0.09 per share in the third quarter of 2024. For the nine-month period ending September 30, 2025, the Bank reported a $2.4 million improvement in net income with a $897,000 profit in 2025 compared to a loss of $1.5 million in the prior year period.","length":581,"tagName":"p"},{"type":"text","content":"Ramsey Hamadi, Chief Executive Officer, commented, "The Bank’s third quarter core earnings improved $166,000 over the prior year period due primarily to an increase in the Bank’s net interest margin. The Bank’s net interest margin increased 31 basis points from 2.24% in the third quarter of 2024 to 2.55% in the third quarter of 2025 primarily due to a lower cost of funds. Net interest income increased $383,000 to $3.3 million in the third quarter of 2025 compared to the same period a year ago. Looking forward, the Bank intends to maintain disciplined expense control practices while the Bank’s net interest margin is expected to further improve throughout 2026 and 2027."","length":687,"tagName":"p"},{"type":"text","content":"Income Statement Comparison","length":27,"tagName":"p"},{"type":"text","content":"For the Quarter","length":15,"tagName":"p"},{"type":"text","content":"The Bank’s net income totaled $483,000 for the quarter ended September 30, 2025 compared to a net loss of $748,000 for the quarter ended September 30, 2024. Core operating results, a non-GAAP measurement which excludes the provision for credit losses and taxes, reflected core earnings of $402,000 for the third quarter of 2025 compared to $236,000 for the same quarter in the prior year.","length":388,"tagName":"p"},{"type":"text","content":"Net interest income increased $383,000 to $3.3 million for the third quarter of 2025 from $2.9 million for the third quarter of 2024. The Bank’s net interest margin for the third quarter increased 31 basis points to 2.55% compared to the prior year period.","length":256,"tagName":"p"},{"type":"text","content":"Interest income decr...