Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.29% | +0.31 | 0.97% |
| Return on Equity (%) | ▲ | 14.16% | +3.23 | 10.93% |
| Net Interest Margin (%) | ▲ | 3.13% | +0.50 | 2.64% |
| Efficiency Ratio (%) | ▲ | 44.90% | -7.56 | 52.45% |
| Pre-Provision Profit ($M) | ▲ | $32 | +11.23 | $21 |
| Cost of Funds (%) | ▲ | 2.76% | -0.78 | 3.54% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $7,796 | +1004.99 | $6,791 |
| Gross Loans ($M) | ▲ | $5,577 | +565.39 | $5,012 |
| Loan Growth YoY (%) | ▲ | 91.20% | +4.23 | 86.97% |
| Total Deposits ($M) | ▲ | $6,015 | +345.10 | $5,670 |
| Shareholders Equity ($M) | ▲ | $711 | +90.11 | $621 |
| Tang. Book Value ($M) | ▲ | $710 | +90.13 | $620 |
| TBV excl. AOCI ($M)** | ▲ | $756 | +79.18 | $677 |
| Loan / Deposit Ratio (%) | ▲ | 91.20% | +4.23 | 86.97% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 2.13% | +0.67 | 1.46% |
| Allowance / Loans (%) | — | 1.63% | 0.03% | 1.60% |
| Net Charge-Off Ratio (%) | ▼ | 2.62% | +0.91 | 1.71% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 12.62% | +1.07 | 11.55% |
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▄▆▇▇█ | Net Interest Margin (%) | 2.29% | 2.29% | 2.34% | 2.64% | 2.86% | 2.93% | 2.96% | 3.13% |
| ▁▁▁▄▄▅▅█ | Return on Assets (%) | 0.76% | 0.80% | 0.79% | 0.97% | 1.02% | 1.05% | 1.08% | 1.29% |
| ████▇▄▂▁ | Efficiency Ratio (%) | 52.1% | 52.5% | 52.6% | 52.5% | 51.3% | 48.7% | 46.5% | 44.9% |
| ▆██▇▄▄▄▁ | Cost of Funds (%) | 3.38% | 3.71% | 3.64% | 3.54% | 3.19% | 3.18% | 3.12% | 2.76% |
| ▄▅▃▁▂███ | NPA / Assets (%) | 1.73% | 1.83% | 1.70% | 1.46% | 1.60% | 2.14% | 2.15% | 2.13% |
| ▆▇▃▁▁███ | Net Charge-Off Ratio (%) | 2.44% | 2.47% | 2.06% | 1.71% | 1.81% | 2.64% | 2.70% | 2.62% |
| ▁▂▃▄▅▆▇█ | Tang. Book Value ($M) | $559 | $585 | $599 | $620 | $640 | $661 | $685 | $710 |
| ▁▃▄▅▇▇██ | Gross Loans ($M) | $4,265 | $4,668 | $4,905 | $5,012 | $5,267 | $5,352 | $5,478 | $5,577 |
| ▁▃▇▆▄▇██ | Total Deposits ($M) | $4,817 | $5,199 | $5,749 | $5,670 | $5,412 | $5,736 | $5,908 | $6,015 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 97% |
| C&I / Commercial | 3% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 13% |
| Interest-Bearing (core) | 66% |
| Brokered / Other | 21% |