BELLEFONTE: Kish Bancorp, Inc. (OTCQX: KISB), the parent company of Kish Bank, announced unaudited net income of $3.8 million, or $1.28 per share, for the second quarter of 2025. This represents an increase from $3.6 million ($1.21 per share) in the first quarter of 2025 and $3.1 million ($1.06 per share) in the second quarter of 2024.
For the first six months of 2025, net income reached $7.4 million ($2.50 per share), up significantly from $6.2 million ($2.12 per share) for the same period in 2024.
Executive Chairman William P. Hayes attributed the performance to “strong momentum,” citing “exceptional loan and deposit growth and net interest margin expansion.” He noted increased net interest income, driven by new loan activity, and a net interest margin that expanded to 3.36% in Q2 2025 from 3.29% a year ago, aided by a lower cost of funds.
President and CEO Gregory T. Hayes emphasized strategic technology investments, including the launch of “ATM + Live Banker,” aimed at entering rural markets efficiently. “This initiative reflects our ongoing commitment to innovation, customer-centric growth, and long-term value creation,” he stated.
Key Q2 2025 Financial Highlights:
- Loan Growth: Total loans surged 17.8% year-over-year to $1.6 billion. Significant increases were seen in construction loans (up 21.4%), multifamily loans (up 22.0%), and nonfarm nonresidential loans (up 22.2%).
- Asset Growth: Total assets increased 13.8% to $1.8 billion compared to June 30, 2024.
- Deposit Growth: Total deposits rose 7.0% year-over-year to $1.4 billion.
- Net Interest Income: Increased 17.6% to $14.2 million before provision compared to Q2 2024.
- Profitability Metrics: Return on Equity (ROE) was 12.18%; Return on Assets (ROA) was 0.85%.
- Capital Strength: Significantly exceeded regulatory “well-capitalized” requirements (Tier 1 Leverage Ratio: 8.91%).
- Dividend: Declared a quarterly cash dividend of $0.39 per share, payable July 31, 2025.
The company recorded a $470 thousand provision for credit losses in Q2 2025, primarily driven by commercial loan portfolio growth, not declining loan quality. Credit quality remained strong, with nonperforming loans at only 0.03% of total loans.
“Supported by the strength of our financial performance, we remain well-positioned to invest in forward-looking solutions,” CEO Hayes concluded.