Community Bancorp (CMTV) Q3 2025 earnings summary

Executive summary

• Q3 2025 net income rose 52.42% year-over-year to $4.7 million ($0.84/share); nine-month net income increased 42.31% to $12.3 million ($2.18/share).

• Book value per share increased to $19.64 from $17.24 at year-end 2024 and $17.36 a year earlier.

• Quarterly dividend raised 4% to $0.25 per share, marking the fourth consecutive annual increase since 2020.

• Consolidated assets were $1.23 billion as of September 30, 2025, reflecting a 1.8% decrease from year-end but a 4.15% increase year-over-year.

Financial highlights

• Q3 2025 net interest income was $10.5 million, up 21.35% year-over-year; nine-month net interest income was $29.8 million, up 18.80%.

• Non-interest income increased 4.4% in Q3 and 5.9% for the nine months, driven by higher service fees and CFS Partners income.

• Non-interest expense rose 1.3% in Q3 and 3.6% for the nine months, with increases in salaries, occupancy, and audit fees.

• Credit loss expense for Q3 2025 was $258,753, down 43.8% year-over-year; nine-month credit loss expense was $990,853, down 10.4%.

• Total interest income grew 10.4% in Q3 and 11.9% for the nine months year-over-year.

Outlook and guidance

• Management is focused on safeguarding the balance sheet, supporting customers amid trade uncertainties with Canada, and maintaining strong performance despite macroeconomic uncertainty and sector consolidation.

• Interest rate risk is actively managed; net interest income is projected to be resilient to moderate rate changes.

• Capital ratios remain well above regulatory requirements, supporting continued dividend payments and share repurchases.