- Community Bancorp. (CMTV, Financial) reported a 24.89% increase in Q1 2025 earnings, reaching $3.5 million.
- The company's total assets grew 8.2% year-over-year, amounting to $1.19 billion.
- Net interest income rose by 12.93% to $9.4 million.
Community Bancorp. (OTCQX:CMTV) reported strong financial results for the first quarter of 2025, marking a significant 24.89% increase in earnings to $3.5 million, or $0.62 per share, compared to $2.8 million, or $0.51 per share, in Q1 2024. This positive performance reflects the company's robust operational efficiency and strategic growth initiatives.
Total assets as of March 31, 2025, amounted to $1.19 billion, representing an 8.2% increase year-over-year despite a quarterly decrease. The assets' growth was fueled by an increase in the loan portfolio, which expanded by $73.9 million or 8.53% year-over-year, and a rise in deposits by $96 million or 10.85% compared to the same period last year.
The bank's net interest income showed a healthy growth of 12.93%, reaching $9.4 million, attributed to an increase in interest and fees on loans and higher interest rates. Meanwhile, the book value per share improved to $18.05 from $15.88 year-over-year, showcasing the bank's enhanced shareholder value. The securities portfolio saw a 6.81% decrease to $168.3 million, with improved unrealized losses of $13.4 million compared to $17.4 million the previous year.
Community Bancorp. declared a quarterly cash dividend of $0.24 per share, payable on May 1, 2025, to shareholders of record as of April 15, 2025. This marks a continued commitment to return value to shareholders while maintaining strong financial health. President and CEO Christopher Caldwell expressed satisfaction with the bank's results, attributing success to the team's dedication and effective service to its customer base amid economic uncertainties.
