The bank’s net income reached $7.5 million for the quarter, bolstered by a rise in net interest income, which grew to $19.8 million from $17.5 million in the prior year. This expansion was driven by a higher average yield on earnings assets paired with a strategic reduction in interest-bearing liabilities. Alongside these gains, the firm reported improvements in net interest margins and total assets under management, reinforcing investor confidence in its current fiscal strategy.