American Bank Inc. Reports 80% Increase in Q2 Net Income to $4.19M, EPS Rises to $0.65

Reuters
07/13
American Bank Inc. Reports 80% Increase in <a href="https://laohu8.com/S/QTWO">Q2</a> Net Income to $4.19M, EPS Rises to $0.65

American Bank Incorporated (OTCID: AMBK), the parent company of American Bank, announced its financial results for the quarter and six months ending June 30, 2025. The company reported a net income of $4.185 million for the quarter, translating to $0.65 per diluted share. This represents an increase of 80.5% compared to $2.319 million, or $0.36 per diluted share, for the same period in 2024. The rise in net income was driven by higher net interest and non-interest income, as well as a release of the allowance for credit losses, partially offset by increased non-interest expenses. Non-interest income for the quarter surged by 253.0% to $1.8 million, primarily due to gains on other real estate owned. Non-interest expense rose by 12.3% to $424,000, attributed to higher salaries and employee benefit costs, professional services, and costs associated with other real estate owned. The bank's operating expense to average asset ratio increased slightly to 1.55% for the quarter from 1.53% in the previous year, maintaining one of the lowest ratios in the country. President and CEO Mark Jaindl expressed confidence in the bank's loan portfolio's health, emphasizing the zero non-accruing loans at quarter-end and the bank's strategic focus on growing both net interest and non-interest income while maintaining strong credit quality. The company did not provide specific future guidance in the report.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. American Bank Inc. published the original content used to generate this news brief on July 12, 2025, and is solely responsible for the information contained therein.

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