TECTONIC FINANCIAL INC 9.00% FXD/FLTG NON CUM PERP PFD SER B | 10-Q: FY2025 Q1 EPS: USD 0.57

EPS: As of FY2025 Q1, the actual value is USD 0.57.

Banking Segment

Net Interest Income

• Net interest income increased by $1.8 million, or 24.7%, for the three months ended March 31, 2025, compared to the same period in the prior year.

Provision for Credit Losses

• Provision for credit losses totaled $855,000 for the three months ended March 31, 2025, compared to $917,000 for the same period in the prior year.

Non-Interest Income

• Non-interest income decreased by $39,000, or 10.7%, for the three months ended March 31, 2025, compared to the same period in the prior year.

Non-Interest Expense

• Non-interest expense increased by $846,000, or 16.7%, for the three months ended March 31, 2025, compared to the same period in the prior year.

Other Financial Services Segment

Non-Interest Income

• Non-interest income increased by $2.4 million, or 23.8%, for the three months ended March 31, 2025, compared to the same period in the prior year.

Non-Interest Expense

• Non-interest expense increased by $1.3 million, or 20.3%, for the three months ended March 31, 2025, compared to the same period in the prior year.

HoldCo and Other

Interest Expense

• Interest expense decreased by $30,000 for the three months ended March 31, 2025, compared to the same period in the prior year.

Non-Interest Expense

• Non-interest expense increased by $356,000 for the three months ended March 31, 2025, compared to the same period in the prior year.

Future Outlook

• The company anticipates continued pressure on financial markets due to geopolitical instability, regulatory actions, and persistent inflationary pressures, which may impact asset values and advisory income.