Earnings Performance
Fourth quarter diluted earnings per share was $0.76, and $3.31 for the full year 2024, beating consensus estimates.
Net Interest Margin
Net interest margin remained strong at 4.21%, outperforming most in the industry.
Loan Portfolio Performance
Commercial and Industrial Loans increased by $163 million, with a favorable shift in the loan mix.
Deposit Growth
Deposit balance growth of $443 million or 6% compared to 2023.
Capital Position
Tangible equity to tangible assets ratio improved to 8.01% at year-end.
Fee-Based Income
Fee-based income grew 10% for the year, driven by improved leasing and insurance income.
Community Engagement
Recognized as a top employer, contributing to community through donations, volunteering, and scholarship programs.