Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▼ | 1.44% | -0.06 | 1.50% |
| Return on Equity (%) | ▼ | 13.68% | -0.51 | 14.19% |
| Net Interest Margin (%) | ▲ | 3.44% | +0.15 | 3.29% |
| Efficiency Ratio (%) | ▲ | 36.28% | -4.09 | 40.37% |
| Pre-Provision Profit ($M) | ▲ | $35 | +7.60 | $28 |
| Cost of Funds (%) | ▲ | 1.95% | -0.36 | 2.31% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $6,503 | +826.19 | $5,677 |
| Gross Loans ($M) | ▲ | $4,735 | +472.72 | $4,262 |
| Loan Growth YoY (%) | ▼ | 88.72% | -2.99 | 91.71% |
| Total Deposits ($M) | ▲ | $5,301 | +684.13 | $4,617 |
| Shareholders Equity ($M) | ▲ | $661 | +74.53 | $587 |
| Tang. Book Value ($M) | ▲ | $536 | +74.95 | $461 |
| TBV excl. AOCI ($M)** | ▲ | $589 | +84.14 | $505 |
| Loan / Deposit Ratio (%) | ▼ | 88.72% | -2.99 | 91.71% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.13% | +0.02 | 0.11% |
| Allowance / Loans (%) | — | 0.66% | 0.01% | 0.65% |
| Net Charge-Off Ratio (%) | ▼ | 0.14% | +0.04 | 0.10% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 10.70% | +0.08 | 10.63% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▂▁▁▁▂▅▆█ | Net Interest Margin (%) | 3.30% | 3.27% | 3.27% | 3.29% | 3.30% | 3.36% | 3.39% | 3.44% |
| ▂▂▁▇▅██▅ | Return on Assets (%) | 1.37% | 1.36% | 1.33% | 1.50% | 1.45% | 1.54% | 1.53% | 1.44% |
| ███▅▄▃▃▁ | Efficiency Ratio (%) | 44.1% | 44.2% | 43.8% | 40.4% | 39.9% | 39.2% | 38.8% | 36.3% |
| ██▇▅▅▅▂▁ | Cost of Funds (%) | 2.55% | 2.62% | 2.51% | 2.31% | 2.33% | 2.32% | 2.09% | 1.95% |
| █▇▆▁▁▂▁▁ | NPA / Assets (%) | 0.30% | 0.27% | 0.25% | 0.11% | 0.11% | 0.14% | 0.12% | 0.13% |
| █▇▆▁▁▂▂▂ | Net Charge-Off Ratio (%) | 0.35% | 0.32% | 0.28% | 0.10% | 0.11% | 0.15% | 0.15% | 0.14% |
| ▁▃▃▃▅▇██ | Tang. Book Value ($M) | $419 | $458 | $457 | $461 | $482 | $513 | $538 | $536 |
| ▁▂▂▄▄▅▇█ | Gross Loans ($M) | $3,924 | $4,038 | $4,067 | $4,262 | $4,325 | $4,372 | $4,544 | $4,735 |
| ▁▁▁▃▃▄▅█ | Total Deposits ($M) | $4,283 | $4,367 | $4,356 | $4,617 | $4,646 | $4,785 | $4,878 | $5,301 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 36% |
| C&I / Commercial | 38% |
| Consumer | 9% |
| Other | 17% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 18% |
| Interest-Bearing (core) | 63% |
| Brokered / Other | 19% |