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Triad Business Bank (OTC Pink – “TBBC”), July 30, 2025, Announces Unaudited Second Quarter 2025 Results
Triad Business Bank (OTC Pink – “TBBC”), July 30, 2025, Announces Unaudited Second Quarter 2025 Results.
About this update from Triad Business Bank
[{"type":"text","content":"\r\n\r\n \r\n \r\n Triad Business Bank (OTC Pink – “TBBC”), July 30, 2025, Announces Unaudited Second Quarter 2025 Results\r\n \r\n \r\n\r\n\r\nTriad Business Bank (OTC Pink – “TBBC”), July 30, 2025, Announces Unaudited Second Quarter 2025 Results\r\n\r\n\r\n\r\n\r\n\r\n\r\nOverview\r\n\r\n\r\n GREENSBORO, N.C.--(BUSINESS WIRE)--\r\nFor the three-month period ending June 30, 2025, Triad Business Bank (the “Bank”) reported net income of $216,000 compared to a loss of $611,000 for the same period a year ago. Net income totaled $0.03 per share in the second quarter of 2025 compared to a loss of $0.09 per share in the second quarter of 2024. For the six-month period ending June 30, 2025, the Bank reported a $1.1 million improvement in net income with a $415,000 profit in 2025 compared to a loss of $712,000 in the prior year period.\r\n\r\n\r\n \r\nRamsey Hamadi, Chief Executive Officer, commented, “The Bank’s second quarter core earnings improved $847,000 over the prior year period due primarily to an increase in the Bank’s net interest margin and lower operating expenses. The Bank’s net interest margin increased 25 basis points from 2.08% in the second quarter of 2024 to 2.33% in the second quarter of 2025 primarily due to proceeds of maturing below-market rate loans and investments being reinvested into higher yielding loans and a lower cost of funds. Net interest income increased $300,000 to $3.0 million in the second quarter of 2025 compared to the same period a year ago. The Bank’s noninterest expense in the second quarter of the current year was $471,000 less than the prior year period. The decline in noninterest expense was due to implementation of an expense reduction plan in 2024, increased deferred loan costs on greater loan production, and decreased FDIC insurance assessment expense. Looking forward, the Bank intends to maintain disciplined expense control practices while the Bank’s net interest margin is expected to further improve throughout 2025 and 2026. As low yielding loans and investments originated in 2020 through 2022 continue to mature at an accelerating pace, we anticipate reinvesting the proceeds in higher yielding loans.”\r\n\r\n\r\n \r\nIncome Statement Comparison\r\n\r\n\r\n \r\nThe Bank’s net inc...