(TICKER) has reported a promising start to 2025 with significant numbers in its first-quarter financial results. The tangible book value per share stands at $36.96, reflecting a robust position for the company. Additionally, the Common Equity Tier 1 (CET1) capital ratio is recorded at 11.3%, demonstrating a solid capital foundation.
The bank's performance was particularly boosted by better-than-expected deposit growth during the quarter, setting a positive outlook for its lending activities as it progresses into the second quarter. These developments highlight the bank's capacity to leverage its growing deposits to fuel its loan pipeline, suggesting a strategically advantageous position moving forward.
