Oregon Bancorp (ORBN) Q1 2025 earnings summary

Executive summary

• Q1 2025 net income was $520,000, or $0.21 per share; return on average assets was 0.5% and return on average equity was 3.0%.

• Deposits grew $6.1 million, loans were level with year-end, and total assets declined $5.5 million.

Financial highlights

• Net income was $520,000 vs. $873,000 in Q4 2024 and $634,000 in Q1 2024; EPS was $0.21 vs. $0.35 and $0.26, respectively.

• Q1 interest income was $6.039 million vs. $5.372 million YoY; interest expense was $2.223 million vs. $1.495 million.

• Net interest income was $3.816 million vs. $3.877 million YoY; noninterest income was $2.161 million vs. $3.010 million.

• Net income before taxes was $710,000 vs. $863,000 YoY; income tax provision was $190,000 vs. $229,000.

Segment performance

• Residential mortgage loan volume was $48 million in Q1; residential and commercial loan demand was lighter during the quarter.

• Deposit growth came from lower-costing checking and savings account balances.