Mountain Commerce Bancorp Reports Strong Q1 2025 Results with Increased Cash Dividend
Mountain Commerce Bancorp Reports Strong Q1 2025 Results with Increased Cash Dividend
Mountain Commerce Bancorp, Inc. (OTCQX: MCBI), the parent company of Mountain Commerce Bank, has announced its financial performance for the first quarter of 2025. The results reflect a robust journey towards recovery following previous economic challenges. The announcement, made on April 21, 2025, includes significant improvements in net interest margins and a quarterly cash dividend increment.
Financial Highlights
In the first quarter of 2025, Mountain Commerce Bancorp reported a net income of $2.179 million, leading to a diluted earnings per share of $0.35. This represents an increase compared to $1.515 million for the same period last year. Additionally, the return on average assets has seen a rise from 0.34% to 0.50%, showcasing improved operational efficiency.
The company's Board of Directors declared a quarterly cash dividend of $0.07 per common share, marking its eighteenth consecutive quarterly dividend and an impressive 40% increase from the previous quarter. This dividend is set to be paid on June 2, 2025, to shareholders recorded by May 5, 2025.
Management Insight
William E.
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