#United States #Quarterly Earnings #Bakersfield #loan growth #Mission Bancorp

Mission Bancorp Reports Strong Financial Performance

BAKERSFIELD, Calif., January 30, 2026 - Mission Bancorp, the parent company of Mission Bank, continued to showcase strong financial growth with an industry-leading annual loan growth of 13.2% and quarterly earnings of $8.2 million, reflecting a 6.3% increase from the previous year, according to its latest announcement.

Impressive Financial Highlights

The bank reported unaudited net income available to common shareholders of $8.2 million for the fourth quarter of 2025, translating to $2.88 per diluted share. This figure marks an increase from $7.7 million or $2.72 per diluted share in the same quarter of the previous year. For the twelve-month period, the total net income available to common shareholders stood at $27.1 million, demonstrating continued stability and growth despite economic headwinds.

A. J. Antongiovanni, President and CEO of Mission Bank, expressed his satisfaction with the bank's performance, stating, "We are pleased to announce a strong finish to 2025 with 13.2% loan growth year-over-year, contributing to margin expansion in all four quarters of the year. Despite ongoing interest rate cuts from the Federal Reserve, we have managed to boost our net interest income to new heights."

Q4 2025 Performance Breakdown

• - Gross Loans: Increased by $169.9 million, reaching $1.46 billion as of December 31, 2025.
• - Total Deposits: Recorded a minor increase of $7.0 million to achieve $1.66 billion.
• - Credit Quality: Remained robust with nonaccrual loans at 0.18% of total gross loans, up from 0.08% in the same period last year.
• - Net Interest Income: Rose to $20.2 million for Q4, reflecting a 14.1% increase year-over-year, highlighting effective management of funding costs and a solid loan portfolio. The net interest margin was reported at 4.31%.

Growth and Expansion Initiatives

Significantly, Mission Bank also announced the onboarding of a new team based in North San Luis Obispo County, under the guidance of seasoned industry veteran Mark Pearce. This move aims to enhance service delivery to farmers, ranchers, and business owners in the Central Coast region.

Looking Ahead

As Mission Bancorp enters 2026, the bank remains optimistic about its prospects, bolstered by its recent expansions and a solid foundation in its core operations. The financial results underscore the bank's resilience in adapting to economic changes while maintaining its commitment to provide high-quality service and financial solutions.

"We believe that our thoughtful growth strategies and focus on our customers will fortify our position in the banking sector as we advance into the new year, helping us navigate whatever challenges may lie ahead," added Antongiovanni.

Conclusion

As the financial landscape evolves, Mission Bancorp's record loan growth and increased earnings underscore its ability to thrive amidst fluctuating economic conditions. With strategic expansions and a robust financial outlook, Mission Bancorp is well-positioned for continued success in the coming years.