Mountain Commerce Bancorp (MCBI) Q2 2025 earnings summary

Executive summary

• Net income for Q2 2025 was $2.8 million, up from $2.3 million in Q2 2024; adjusted net income was $3.0 million, up from $2.0 million year-over-year.

• Quarterly cash dividend of $0.07 per share declared, marking the nineteenth consecutive quarterly dividend.

• Established a new $25 million senior revolving line of credit, replacing a $10 million facility.

• Tangible common equity to tangible assets ratio rose to 7.66% at June 30, 2025, from 7.58% at year-end 2024.

Financial highlights

• Net interest income increased 23% year-over-year to $9.6 million for Q2 2025; six-month net interest income rose 30% to $18.5 million.

• Adjusted ROAA for Q2 2025 was 0.68%, up from 0.45% in Q2 2024; adjusted ROAE was 8.84%, up from 6.34%.

• Net interest margin improved to 2.40% in Q2 2025 from 2.00% a year ago.

• Noninterest income rose to $0.9 million in Q2 2025, driven by higher swap fees.

• Noninterest expense increased 14.9% year-over-year to $6.9 million in Q2 2025, mainly due to higher compensation and professional fees.

Outlook and guidance

• Management anticipates continued improvement in net interest margin and earnings through 2025, assuming stable macroeconomic conditions.

• Modeling suggests further earnings growth as loan yields rise and funding costs improve.