January 30, 2026 (MADISON, Wis.) – Lake Ridge Bancorp, Inc. (OTCQX: LRBI), the parent company of Lake Ridge Bank, reported record net income for the year ended December 31, 2025.
Financial Highlights
- Net income totaled $28.7 million for 2025.
- Earnings per share were $14.59, compared to $7.74 in 2024.
- A quarterly dividend of $0.56 was declared and payable on December 30, 2025, bringing total dividends paid for the year to $1.98 per share. Total loans were $2.41 billion at December 31, 2025, consistent with December 31, 2024.
- Total deposits increased to $2.71 billion, up from $2.60 billion a year earlier.
- Net interest income as a percentage of average assets was 2.98% for the year, with the fourth-quarter at 3.36%.
- Loan loss reserve equaled 1.04% of total loans.
- Return on equity was 10.57% and return on tangible equity was 12.56% for the year.
Lake Ridge Bancorp reported record earnings in 2025, with net income of $28.7 million representing an 88.8% increase over 2024. The improvement was driven primarily by higher net interest income, which increased by $21.0 million, as the yield curve steepened during the fourth quarter of 2024 and continued into 2025.
Total noninterest income rose to $19.6 million, an increase of 4.4% compared to 2024, largely due to growth in wealth management and interchange income.
“This record net income reflects the strength of our strategy and the disciplined execution by our team,” said Jim Tubbs, CEO of Lake Ridge Bank. “We remain focused on sustainable growth, strong risk management, and delivering long-term value to our clients, communities, and shareholders. As we look ahead to 2026, we will continue building on this momentum by deepening client relationships, expanding our capabilities, and staying true to our core values.”
At December 31, 2025, total assets were $3.28 billion, an increase of $140.2 million, or 4.5%, compared to the prior year. While total loans declined modestly by 0.3%, the average yield on loans increased to 5.50% in 2025 from 5.32% in 2024. Total deposits increased by $109.5 million, or 4.2%, to $2.71 billion. The total cost of funds decreased to 3.01% for 2025, compared to 3.57% in 2024.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of applicable securities laws, including statements regarding management’s current plans, expectations, estimates, projections, or intentions. Forward-looking statements are inherently uncertain and may be identified by words such as “may,” “will,” “believe,” “expect,” “estimate,” “project,” “intend,” “anticipate,” “continue,” or similar expressions.
These statements are subject to risks and uncertainties that could cause actual results to differ materially, including changes in economic and market conditions; interest rate fluctuations; competitive pressures; regulatory changes; credit and operational risks; liquidity constraints; and other risks described in the Company’s publicly available reports. Forward-looking statements speak only as of the date made, and the Company undertakes no obligation to update them except as required by law.
