As of March 31, 2025, [Company Name] reported a total asset value of $7.73 billion, marking a rise of $1.8 million since the end of 2024. Additionally, the company saw its book value per share increase by $0.05, or 0.4%, to reach $11.58. The tangible book value per share also went up by $0.05, or 0.5%, settling at $9.80.
The quarter ending in March 2025 was notable for a $1.4 million increase in net interest income, which facilitated an expansion of the net interest margin by eight basis points. Key factors in this financial improvement were the growth in both net loans and deposits, and a 24 basis point reduction in the cost of funds. Looking ahead, [Company Name] anticipates that these developments will continue to positively influence margin expansion as they approach the end of their fiscal year in June.
