Old Point Financial | 8-K: FY2025 Q2 EPS: USD 0.24

EPS: As of FY2025 Q2, the actual value is USD 0.24.

EBIT: As of FY2025 Q2, the actual value is USD 1.596 M.

Net Income

• Net income for the second quarter of 2025 was $1.2 million, a decrease of 42.5% from the first quarter of 2025 and a decrease of 50.9% from the second quarter of 2024.

Return on Average Equity (ROE) and Return on Average Assets (ROA)

• ROE for the second quarter of 2025 was 4.25%, compared to 7.50% for the first quarter of 2025 and 9.43% for the second quarter of 2024.
• ROA for the second quarter of 2025 was 0.35%, compared to 0.61% for the first quarter of 2025 and 0.71% for the second quarter of 2024.

Net Interest Margin (NIM)

• NIM for the second quarter of 2025 was 3.70%, compared to 3.63% for the first quarter of 2025 and 3.62% for the second quarter of 2024.

Non-Performing Assets

• Non-performing assets were $3.3 million as of June 30, 2025, decreasing 19.7% from March 31, 2025, but increasing from $2.0 million as of June 30, 2024.

Total Assets and Deposits

• Total assets were $1.4 billion as of June 30, 2025, a decrease of 3.3% from December 31, 2024.
• Total deposits decreased by 3.7% from December 31, 2024.

Provision for Credit Losses

• Provision for credit losses was $468 thousand for the second quarter of 2025, compared to $717 thousand for the first quarter of 2025 and $261 thousand for the second quarter of 2024.

Outlook / Guidance

• The company announced an agreement to merge with TowneBank, which is expected to provide a stronger platform for growth and create enhanced value for shareholders, customers, and employees.