From GlobeNewswire: 2025-05-08 19:00:00

Oak Ridge Financial Services, Inc. announced a 17% increase in its quarterly cash dividend to $0.14 per common share for the first quarter of 2025. Earnings per share were $0.57, with a return on equity of 10.04%. Net income increased to $1.6 million, and loans receivable grew to $528.5 million.

The Bank of Oak Ridge reported strong financial performance in the first quarter of 2025, with an increase in the net interest margin to 3.97%. Nonperforming assets increased to 0.67% of total assets, primarily due to specific SBA loans. The bank’s Community Bank Leverage Ratio was 11.1%, reflecting a well-capitalized position.

For the first quarter of 2025, Oak Ridge Financial Services, Inc. recorded a provision for credit losses of $304,000, compared to $264,000 in the same period in 2024. Noninterest income decreased to $784,000, with an increase in noninterest expenses to $4.7 million. The Company remains committed to enhancing stockholder value through regular dividend increases.

The Company’s consolidated balance sheet for March 31, 2025, shows total assets of $676.7 million, with total liabilities of $612.4 million. Stockholders’ equity stood at $64.3 million, with a common stock balance of $26.9 million. The consolidated statements of income for the first quarter of 2025 reported a net income of $1.6 million, with basic earnings per share of $0.57.

Key financial data for Oak Ridge Financial Services, Inc. in the first quarter of 2025 includes a return on average common stockholders’ equity of 10.04% and a tangible book value per share of $23.41. The net interest margin increased to 3.97%, with an efficiency ratio of 66.8%. Nonperforming assets to total assets were reported at 0.67%. The Company continues to prioritize shareholder value and financial stability.



Read more at GlobeNewswire:: Oak Ridge Financial Services, Inc. Announces First Quarter