Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.32% | +0.47 | 0.86% |
| Return on Equity (%) | ▲ | 11.92% | +2.93 | 8.99% |
| Net Interest Margin (%) | ▲ | 3.81% | +0.44 | 3.37% |
| Efficiency Ratio (%) | ▲ | 56.90% | -11.83 | 68.73% |
| Pre-Provision Profit ($M) | ▲ | $35 | +17.21 | $18 |
| Cost of Funds (%) | ▲ | 1.78% | -0.32 | 2.10% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $8,496 | +2222.80 | $6,273 |
| Gross Loans ($M) | ▲ | $6,425 | +1825.02 | $4,600 |
| Loan Growth YoY (%) | ▲ | 87.60% | +5.71 | 81.89% |
| Total Deposits ($M) | ▲ | $7,261 | +1697.99 | $5,563 |
| Shareholders Equity ($M) | ▲ | $948 | +339.41 | $608 |
| Tang. Book Value ($M) | ▲ | $824 | +260.88 | $563 |
| TBV excl. AOCI ($M)** | ▲ | $870 | +267.19 | $603 |
| Loan / Deposit Ratio (%) | ▲ | 87.60% | +5.71 | 81.89% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.57% | -0.31 | 0.88% |
| Allowance / Loans (%) | — | 1.01% | 0.03% | 0.98% |
| Net Charge-Off Ratio (%) | ▲ | 0.71% | -0.46 | 1.17% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 13.67% | +0.89 | 12.78% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▁▃▅▇█ | Net Interest Margin (%) | 3.39% | 3.42% | 3.43% | 3.37% | 3.50% | 3.61% | 3.74% | 3.81% |
| ▃▃▃▂▃▁▄█ | Return on Assets (%) | 0.94% | 0.95% | 0.96% | 0.86% | 0.91% | 0.76% | 1.04% | 1.32% |
| ▇▇▆█▇▅▆▁ | Efficiency Ratio (%) | 66.2% | 66.4% | 65.6% | 68.7% | 66.4% | 64.0% | 65.0% | 56.9% |
| ██▆▅▅▃▃▁ | Cost of Funds (%) | 2.31% | 2.32% | 2.18% | 2.10% | 2.07% | 1.97% | 1.92% | 1.78% |
| ▃▄█▇▁▁▁▂ | NPA / Assets (%) | 0.61% | 0.69% | 0.95% | 0.88% | 0.47% | 0.48% | 0.50% | 0.57% |
| ▃▄██▁▁▁▂ | Net Charge-Off Ratio (%) | 0.77% | 0.87% | 1.23% | 1.17% | 0.60% | 0.55% | 0.61% | 0.71% |
| ▁▁▁▂▂▇██ | Tang. Book Value ($M) | $525 | $544 | $548 | $563 | $575 | $783 | $816 | $824 |
| ▁▁▁▁▂███ | Gross Loans ($M) | $4,470 | $4,582 | $4,599 | $4,600 | $4,724 | $6,458 | $6,486 | $6,425 |
| ▁▁▂▂▂███ | Total Deposits ($M) | $5,213 | $5,321 | $5,474 | $5,563 | $5,571 | $7,019 | $7,132 | $7,261 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 82% |
| C&I / Commercial | 13% |
| Consumer | 2% |
| Other | 3% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 16% |
| Interest-Bearing (core) | 77% |
| Brokered / Other | 7% |