2024 financial results
Profitability
Balance Sheet
2024 | 4Q24 | 3Q24 | 2Q24 | 1Q24 | |
EPS | ($1.60) | ($2.20) | ($0.04) | $0.27 | $0.36 |
ROAA2 | (0.47%) | (2.80%) | 0.05% | 0.50% | 0.65% |
ROAE2 | (4.44%) | (28.19%) | 0.47% | 4.70% | 5.97% |
ROATCE2 | (6.15%) | (33.09%) | (0.60%) | 4.64% | 6.17% |
Net interest margin1,2,3 | 3.13% | 2.96% | 3.05% | 3.20% | 3.29% |
Net loans ($000) | $1,810,556 | $1,810,556 | $1,775,558 | $1,778,840 | $1,727,110 |
Total deposits ($000) | $1,907,794 | $1,907,794 | $1,893,669 | $1,755,363 | $1,732,735 |
Total assets ($000) | $2,228,098 | 2,228,098 | $2,224,599 | $2,093,746 | $2,070,015 |
ACL / gross loans4 | 1.06% | 1.06% | 1.02% | 0.95% | 0.95% |
NCOs / avg loans | 0.25% | 0.46% | 0.42% | 0.08% | 0.03% |
Total equity/tangible | 9.33% | 9.33% | 10.25% | 10.82% | 10.86% |
assets 3 | |||||
- tax-equivalentyield
- annualized
- non-GAAP
- ACL on Loans excludes unfunded commitments
Impact of nonrecurring adjustments
on 2024 performance
Nonrecurring adjustments
2024 | Credit | Capital | 2024 without | |
actual | issues | impairment | adjustments | |
EPS | ($1.60) | $0.67 | $2.14 | $1.21 |
ROAA | (0.47%) | 0.24% | 0.76% | 0.53% |
ROAE | (4.44%) | 2.24% | 7.24% | 5.04% |
NIM 1,2 | 3.13% | 3.21% | - | 3.21% |
- tax-equivalentyield
- annualized
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