Latest news with #depositgrowth
Yahoo
3 days ago
- Business
- Yahoo
BankUnited Names Executive Vice President, Director of Branch Banking
MIAMI LAKES, Fla., July 28, 2025--(BUSINESS WIRE)--BankUnited Inc. (NYSE: BKU) added to its retail banking team with the appointment of Michael Mitchell as executive vice president, director of branch banking, responsible for leading the bank's team of retail executives and market leaders in Florida and Texas, including managing BankUnited's branch network and overseeing all branch activities related to deposit and loan growth. "BankUnited is pleased to welcome Mike to our retail banking team as we continue to grow and evolve to meet the needs of our clients," said Ernie Diaz, BankUnited senior executive vice president, head of consumer, small business and commercial banking. "As a seasoned leader in retail and small business banking, known for delivering strong client experiences, building high-performing teams and growing market share, Mike will be an asset to our BankUnited team." An expert in market expansion, business banking integration, compliance leadership and large-scale performance transformation, Mitchell joins BankUnited from PNC Bank, where he served most recently as senior vice president, sales and client experience manager for Southeast Florida. He brings more than two decades of experience overseeing multi-region networks and driving deposit and revenue growth. A Boca Raton resident, Mitchell is a past board member of Deliver the Dream, a Fort Lauderdale-based nonprofit serving families facing serious illness, crisis or disability, and is an active member of the Fort Lauderdale Chamber of Commerce. He holds a bachelor's degree from the University of Central Florida in Orlando. Mitchell is based at 337 E. Las Olas Blvd, Fort Lauderdale, Fla. For more information, call (305) 231-6400 or visit About BankUnited, N.A. BankUnited, Inc. (NYSE: BKU), with total assets of $35.5 billion at June 30, 2025, is the bank holding company of BankUnited, N.A., a national bank headquartered in Miami Lakes, Florida, with operations in Florida, New York, Dallas, Atlanta, Morristown, New Jersey, and Charlotte, North Carolina. BankUnited provides a full range of consumer and commercial banking products and services to individuals, small businesses, middle-market companies, large corporations and institutions, and offers certain commercial lending and deposit products through national platforms. For additional information, call (877) 779-2265 or visit BankUnited can be found on Facebook at LinkedIn @BankUnited and on X @BankUnited. View source version on Contacts Donna Crump-Butler, (305) 231-6707dbutler@ Amy Hoffman, (954) 776-1999ahoffman@ Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
21-07-2025
- Business
- Yahoo
AU Small Finance Bank Ltd (NSE:AUBANK) Q1 2026 Earnings Call Highlights: Strong Deposit Growth ...
Release Date: July 19, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Positive Points AU Small Finance Bank Ltd (NSE:AUBANK) reported a strong growth in its deposit book, which increased by 31% year-on-year, significantly outpacing the system growth rate. The bank's loan portfolio grew by 18% year-on-year, driven by core secured segments such as retail secured assets and commercial banking assets. The wheels segment, a key product within retail secured assets, showed robust growth with a 26% year-on-year increase in its gross loan portfolio. The bank maintained a healthy liquidity position with an average Liquidity Coverage Ratio (LCR) of 123%, up 7% from the previous quarter. AU Small Finance Bank Ltd (NSE:AUBANK) achieved a profit after tax of INR 581 crores, marking a 16% increase from the previous year. Negative Points The bank experienced elevated credit costs, particularly in its unsecured segments, leading to a revision in its full-year credit cost expectations. There was a decline in net interest margin by 38 basis points, attributed to a reduction in asset yield and investment yield. The unsecured microfinance book faced challenges with asset quality and book de-growth, impacting the bank's overall performance. The bank's mortgage portfolio in the southern region showed signs of stress, with higher credit costs due to deterioration in asset quality. The credit card and personal loans business experienced elevated credit costs, with the bank acknowledging a peak in absolute terms this quarter. Q & A Highlights Warning! GuruFocus has detected 6 Warning Signs with NSE:AUBANK. Q: How does AU Small Finance Bank expect its Return on Assets (ROA) to settle in FY26 and FY27, considering the pressure on net interest margin and credit costs? A: The bank has not provided specific guidance for ROA in FY26 but reiterates its target of achieving a 1.8% ROA for FY27. The bank expects FY26 to be stronger than FY25, which had an ROA of around 1.4%, despite the current challenges. (Respondent: Unidentified_3) Q: Can you elaborate on the stress observed in the used commercial vehicle (CV) segment? Is it geographically specific or broad-based? A: The stress in the used CV segment is not geographically specific but is related to the segment itself, which constitutes about 6% of the total yield assets. The pressure began last year due to delayed CapEx and heavy rains, but corrective measures have been taken, and the book is performing well post-adjustments. (Respondent: Unidentified_5) Q: What has structurally changed in the secured retail credit cost, which has been running higher than historical levels? A: The bank acknowledges that businesses go through cycles, and the current economic pressures have led to elevated credit costs. However, the bank remains one of the strongest franchises in terms of collection and asset quality. The expectation is for credit costs to stabilize in the range of 75-80 basis points. (Respondent: Unidentified_6) Q: What led to the stress in the microfinance (MFI) and South-based mortgage portfolios, and how is the bank addressing it? A: The stress in the MFI segment was due to a drop in collection efficiency, which is now improving. The South-based mortgage book faced challenges due to team transitions and infrastructure issues, which are being addressed. The bank expects normalization in a couple of quarters. (Respondent: Unidentified_5) Q: What is the outlook for loan growth in FY26, given the stress in some segments? A: The bank aims to grow 2 to 2.5 times the nominal GDP, with growth driven by vehicle financing, commercial banking, and gold loans. The bank expects stabilization and growth in the microfinance segment from Q2 onwards. (Respondent: Unidentified_2) For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus.
Globe and Mail
15-07-2025
- Business
- Globe and Mail
The Victory Bancorp, Inc. 2025 Second Quarter Earnings
LIMERICK, Pa., July 15, 2025 (GLOBE NEWSWIRE) -- The Victory Bancorp, Inc. (OTCQX: VTYB), the holding company for The Victory Bank, today announced financial results for the quarter ended June 30, 2025. Financial Highlights for Second Quarter 2025 • Net Consolidated Earnings: Net income for the quarter ended June 30, 2025, surged to $693 thousand — a $404 thousand increase over the $289 thousand reported in Q2 2024. This substantial growth reflects the continued strength of our financial performance. Return on average equity climbed to 9.07%, up from 7.30% in the previous quarter and more than doubling the 4.08% reported a year ago. Return on average assets also improved significantly, rising to 0.59% from 0.25% in Q2 2024. • Deposit Growth: The bank opened a new branch in spring 2025 in the Horsham market. This new location, along with targeted promotions tied to the opening, has contributed to the growth in deposits in Q2. Total deposits grew to $426.43 million as of June 30, 2025, an increase of $41.82 million from June 30, 2024. This deposit growth has supported strategic balance sheet expansion while enabling the Bank to fully eliminate its highest funding source, borrowings, as of Q2 2025. • Book Value: Book value per common share rose to $15.57 as of June 30, 2025, compared to $14.84 at year-end 2024 and $14.28 as of June 30, 2024. • Stockholders' Equity: Stockholders' equity increased to $30.99 million, up from $29.34 million at December 31, 2024, and $28.16 million a year ago. This growth continues to reinforce the company's strong capital position. • Credit Quality and Loan Metrics: Credit quality remained strong, with no nonperforming assets reported for the quarter and net charge-offs at -0.01%, indicating net recoveries. The allowance for credit losses to total loans stood at 0.88%, reflecting continued sound risk management practices. • Earnings per Share: Basic and diluted earnings per common share were $0.35 and $0.34, respectively, for Q2 2025, compared to $0.15 basic and $0.14 diluted in Q2 2024. Chairman and Bank Leader Joseph W. Major commented, 'Victory Bancorp delivered an extraordinary second quarter in 2025, with net income soaring 140% compared to Q2 of 2024 — a remarkable milestone that highlights the strength and resilience of our financial performance. This improvement was powered by disciplined cost control, strong loan portfolio health, and continued deposit growth. We remained focused on protecting our margin by carefully managing interest expense on new deposits and maintaining rigorous pricing discipline on new loans. Our book value per share climbed to a record high of $15.57, and return on equity exceeded 9%, signaling continued momentum and exceptional operational execution.' 'We continue to see the benefits of our community-focused relationship banking model and the dedication of our exceptional team. As we enter the second half of the year, we remain focused on supporting the financial success of our clients, expanding responsibly, and delivering sustained value to shareholders. The opening of our new Horsham branch further extends our footprint into a vibrant and growing market, positioning us to serve more businesses and individuals while deepening our community impact.' Victory Bancorp, Inc. is traded on the OTCQX market under the symbol VTYB and is the parent company of The Victory Bank. The Bank, founded in 2008, is a Pennsylvania state-chartered commercial bank headquartered in Limerick Township, Montgomery County. It offers a full range of banking services, including checking and savings accounts, home equity lines of credit, and personal loans. In addition to traditional banking, the Bank specializes in high-quality business lending, serving small and mid-sized businesses and professionals. With four offices across Montgomery and Berks Counties, it is dedicated to meeting the financial needs of the local community. For more information, visit its website at FDIC-Insured. This presentation may contain forward-looking statements (within the meaning of Private Securities Litigation Reform Act of 1995). Actual results may differ materially from the results discussed in these forward-looking statements. Factors that might cause such a difference include, but are not limited to, general economic conditions, changes in interest rates, deposit flows, loan demand, real estate values, and competition; changes in accounting principles, policies, or guidelines; changes in legislation or regulation; and other economic; competitive, governmental, regulatory, and technological factors affecting the Company's operations, pricing, products, and services. Contact: Joseph W. Major, Chairman and Chief Executive Officer Robert H. Schultz, Chief Financial Officer, Chief Operating Officer Owen Magers Investor Relations 484-791-3435 The Victory Bancorp, Inc. 548 N. Lewis Rd. Limerick, PA 19468 CONSOLIDATED FINANCIAL HIGHLIGHTS (unaudited) (dollars in thousands, except per share data) 3 Months Ended Jun 30, Dec 31, Jun 30, Selected Financial Data 2025 2024 2024 Investment securities $ 43,323 $ 44,642 $ 46,325 Loans, net of allowance for credit losses 392,557 390,954 396,499 Total assets 477,089 461,024 469,787 Deposits 426,433 397,080 384,615 Borrowings 0 15,440 42,617 Subordinated debt 17,342 17,309 12,843 Stockholders' equity $ 30,987 $ 29,337 $ 28,155 Book value per common share $ 15.57 $ 14.84 $ 14.28 Allowance/loans 0.88 % 0.92 % 0.89 % Nonperforming assets/total assets 0.00 % 0.05 % 0.01 % 3 Months Ended Jun 30, Dec 31, Jun 30, Selected Operations Data 2025 2024 2024 Interest income $ 7,149 $ 7,281 $ 7,200 Interest expense 3,620 3,886 3,994 Net interest income 3,529 3,395 3,206 Provision for loan losses (75) (32) 110 Other income 257 299 209 Other expense 2,980 3,000 2,935 Income before income taxes 881 726 370 Income taxes (188) (168) (81) Net income $ 693 $ 558 $ 289 Earnings per common share (basic) $ 0.35 $ 0.28 $ 0.15 Earnings per common share (diluted) $ 0.34 $ 0.28 $ 0.14 Return on average assets (annualized) 0.59 % 0.48 % 0.25 % Return on average equity (annualized) 9.07 % 7.58 % 4.08 % Net charge-offs(recoveries)/average loans (0.01)% 0.00 % 0.01 %
