Exchange Bank (EXSR) Q4 2025 earnings summary

Executive summary

• Net income after tax for 2025 was $29.97 million, up from $23.85 million in 2024, a 25.6% increase.

• Fourth quarter 2025 net income was $8.76 million.

• Loan balances grew by 6.97% ($112.87 million) and deposit balances increased by 1.52% ($43.03 million) in 2025.

• Total assets reached $3.30 billion as of December 31, 2025.

Financial highlights

• Net interest income rose 11.6% to $90.69 million in 2025.

• Interest income increased by $4.08 million year-over-year, mainly from higher loan interest and fees.

• Interest expense decreased by $5.35 million, largely due to paying off a $100 million Federal Reserve borrowing.

• Non-interest income increased by $3.42 million to $26.80 million, aided by a $700k life insurance benefit and $1.4 million gain on sale of premises.

• Non-interest expense rose 2.18% to $78.55 million.

Outlook and guidance

• Forward-looking statements highlight potential risks and uncertainties due to economic, legislative, and regulatory factors.