Exchange Bank Reports Q3 Net Income of $8.6 Million

Exchange Bank reported net income after taxes of $8.6 million for the third quarter of 2025, compared to $4.9 million for the same period in 2024. Net interest income for the third quarter increased by $3.3 million, or 17%, primarily due to higher loan interest and fees from increased volume and reduced interest expense from decreased borrowings. Non-interest income rose by $1.5 million, or 25%, from the prior year quarter, with a gain on the sale of unused bank premises contributing $1.4 million. For the nine months ended September 30, 2025, net income was $21.2 million, up from $15.0 million in the same period of 2024. Net interest income for this period increased by $6.1 million, or 10%, to $66.7 million, mainly due to increased loan volumes and variable rate loan repricing, as well as lower interest expense from reduced borrowing balances. Non-interest income for the first nine months increased from $17.4 million in 2024 to $20.4 million, partly due to a life insurance benefit received in the second quarter and the gain on sale of premises. Non-interest expenses remained almost unchanged, increasing by less than 1% to $58.4 million. Total assets were $3.31 billion as of September 30, 2025, compared to $3.41 billion a year earlier. The bank's total risk-based capital ratio was 19.5% and its leverage ratio was 11.8% at the end of the third quarter of 2025. Book equity increased by $38.8 million, or 13%, over the previous year to $332.7 million. Regulatory capital as defined by the FDIC was $423.8 million, a $22.4 million increase, or 6.0%, over the prior year.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Exchange Bank published the original content used to generate this news brief via Business Wire (Ref. ID: 20251029840140) on October 29, 2025, and is solely responsible for the information contained therein.