Foresight Financial Group, Inc. reported a net income of $2.99 million for the second quarter of 2025, a decrease of 8% from the same period in 2024. The quarter saw a 307% increase compared to the first quarter of 2025. The company’s diluted earnings per share were $0.82 for the quarter, which included charter consolidation expenses and nonrecurring revenue from a debit card branding agreement. CEO Peter Q. Morrison highlighted the benefits of the charter consolidation for savings and efficiencies. Net interest income increased by 5% for the quarter, with total loans growing to $1.13 billion and deposits decreasing slightly to $1.38 billion. The provision for loan losses increased, but non-performing assets decreased compared to the previous quarter. Noninterest income grew significantly, driven by the debit card branding agreement. Noninterest expenses increased due to charter consolidation costs, resulting in an overall increase for the first half of 2025. The stock price closed at $31.50, with tangible book value per share increasing to $44.37. The Company operates under various divisions, with common stock listed on the OTCQX market under the symbol FGFH.

Read more at GlobeNewswire: Foresight Reports Second Quarter 2025 Results