#United States #Mooresville #Fourth Quarter #Net Income #blueharbor bank

blueharbor bank Reports Impressive Earnings for Q4 2025

In a significant financial update, blueharbor bank has announced its earnings for the fourth quarter of 2025, revealing a robust performance that highlights its continuing growth and financial health. The Mooresville-based institution showcased several key metrics that underline its successful management and strategic direction.

Key Financial Highlights

The fourth quarter of 2025 saw blueharbor bank exceed $600 million in total assets, showcasing a remarkable increase. The bank reported a return on average assets (ROA) of 2.18% and a return on average equity (ROE) of 19.84%, signaling strong profitability. Additionally, the net interest margin remained impressive at 4.30%, indicating effective interest rate management and operational efficiency. Notably, the efficiency ratio was recorded at 35.66%, reflecting good control over costs and expenses.

Loan growth was also a significant highlight for blueharbor bank, with an increase of $25.5 million, or 5%, for the quarter and a substantial growth of $88.8 million, representing 21%, for the entire year. This positions the bank favorably in terms of lending strategies and market competitiveness.

Furthermore, the book value per share rose to $22.06, showing an 18% increase compared to the end of 2024.

Annual Performance Overview

In the twelve months ending December 31, 2025, blueharbor bank reported a net income of $10,981,792, up 62% from $6,786,909 in the previous year. This translates to earnings of $3.65 per diluted share, also reflecting significant year-over-year growth from $2.25 in 2024. The net income for the fourth quarter alone reached $3,224,028, with earnings per diluted share at $1.07, marking a 53% increase compared to the same quarter in 2024.

The increase in net interest income for the quarter was notable, totaling $6,073,374, which is a 28% rise from the previous year's quarter. This growth is primarily attributed to an increase in average interest-earning assets by $42.6 million.

Asset Quality and Capital Strength

The bank's asset quality remained robust in 2025, with no non-performing assets reported as of December 31, 2025. Its capital levels also showed considerable strength, with a total risk-based capital level of 13.8% and a tier 1 leverage ratio of 11.6%.

Management Commentary

Jim Marshall, President and CEO, expressed satisfaction with the results, stating, "We once again are very pleased to present very strong results for the 4th quarter and full year 2025. Asset quality is pristine and profitability and growth all continue to perform nicely. As always, we give many thanks to our customers and employees that make blueharbor the special bank that it is today."

Looking Ahead

With branches extending from its headquarters in Mooresville to Statesville and Mount Airy, as well as loan production offices in Belmont and Hickory, blueharbor bank is well-positioned for continued success in the competitive banking landscape. The bank's website, blueharborbank.com, offers more information, and the stock is traded on the OTCQX Market under the symbol "BLHK".

In summary, blueharbor bank's fourth-quarter report for 2025 underscores its strong financial performance, asset growth, and commitment to excellence, paving the way for future endeavors in the banking sector.