Earnings Release – Redwood Capital Bancorp – Second Quarter, 2025

By: Redwood Capital Bancorp via Business Wire

July 30, 2025 at 09:03 AM EDT

Strong Balance Sheet – Continued Dividend

On July 30, 2025, REDWOOD CAPITAL BANCORP (OTCQX:RWCB), the only locally owned and operated community bank holding company in Humboldt County, announced unaudited financial results for the three month period ended June 30, 2025.

John Dalby, President and CEO, remarked, "In the second quarter of 2025, the company maintained its strong balance sheet and high-quality loan portfolio, supported by healthy capital and liquidity positions. Earnings per share were $0.56 for the quarter and $1.15 year-to-date. The Redwood Capital Bank team continue to serve our customers, community and shareholders with excellence, which has always been the impetus of our success.”

The company posted modest growth in the balance sheet during the second quarter 2025. As of June 30, 2025, the company’s total assets were $549.8 million, an increase of 6% from the prior quarter and 6% from the same period last year. Total loans net of unearned income was $382.3 million as of June 30, 2025. Total deposits were $489.7 million as of June 30, 2025.

The continued high performing balance sheet produced net interest income of $4.7 million for the second quarter ending June 30, 2025, and $12 million year-to-date. For the second quarter ending June 30, 2025, the company recorded net income after taxes of $1.1 million and $2.3 million year-to-date. These strong earnings have increased book value per share by 1% or $0.38 to $27.21 for the second quarter ending June 30, 2025, and an increase to book value of $1.38 year-to-date. Renee Byers, SVP/Chief Financial Officer, stated, “Redwood Capital Bank continues to provide excellent products and services, while contributing to our local community.”

Additionally, the Board of Directors declared a quarterly cash dividend of $0.09 per share, payable on August 8, 2025, to shareholders of record at the close of business on July 28, 2025. The dividend is equivalent to an annual rate of $0.36 per share. CEO Dalby added, “Redwood Capital Bancorp continues to provide consistent earnings for our shareholders while remaining an economic foundation for the community.”

For more information regarding Redwood Capital Bancorp, please visit our website at www.redwoodcapitalbank.com, contact Renee Byers, CFO, at (707) 444-9849, or stop by our headquarters and main office at 402 “G” Street, Eureka, CA 95501. Redwood Capital Bancorp (OTCQX:RWCB) trades on the OTCQX Best Market. Companies meet high financial standards, follow best practice corporate governance, demonstrate compliance with U.S. securities laws and have a professional third-party sponsor introduction. Investors can find current financial disclosure and Real-Time Level 2 quotes for the Company on www.otcmarkets.com.

This press release may contain forward-looking statements that are subject to risks and uncertainties. Such risks and uncertainties may include but are not necessarily limited to ﬂuctuations in interest rates, inﬂation, government regulations and general economic conditions, and competition within the business areas in which the Bank is conducting its operations, including the real estate market in California and other factors beyond the Bank’s control. Such risks and uncertainties could cause results for subsequent interim periods or for the entire year to differ materially from those indicated. Readers should not place undue reliance on the forward-looking statements, which reﬂect management’s view only as of the date hereof. The Bank undertakes no obligation to publicly revise these forward-looking statements to reﬂect subsequent events or circumstances.

Redwood Capital Bancorp
Selected Consolidated Financial Results - Unaudited
(In Thousands)

	Period Ended						%
	6/30/2025			3/31/2025			Change

Balance Sheet Data (at period end)
Total assets	$	549,823		$	519,389		6	%
Total deposits		489,770			461,146		6	%
Total loans (net)		382,251			383,033		0	%
Common equity		53,706			52,446		2	%
Common shares outstanding		1,974,071			1,954,627		1	%

Summary of Operations (Current Quarter)
Interest income		6,083			5,983		2	%
Interest expense		1,345			1,311		3	%
Net Interest Income		4,738			4,672		1	%
Non-interest income		752			819		-8	%
Non-interest expense		4,044			3,922		3	%
Net Income before provision		1,446			1,569		-8	%
Provision for loan losses		(90	)		(17	)	>-100%
Income before taxes		1,536			1,586		-3	%
Income taxes/(credit)		421			436		-3	%
Net Income		1,115			1,150		-3	%
Earnings per common share (fully diluted)	$	0.56		$	0.59		-4	%
Book value per common share	$	27.21		$	26.83		1	%

	Period Ended						%
	6/30/2025			6/30/2024			Change

Balance Sheet Data (at period end)
Total assets	$	549,823		$	520,378		6	%
Total deposits		489,770			460,814		6	%
Total loans (net)		382,251			383,123		0	%
Common equity		53,706			47,847		12	%
Common shares outstanding		1,974,071			1,960,374		1	%

Summary of Operations (Current Quarter)
Interest income		6,083			5,444		12	%
Interest expense		1,345			1,126		19	%
Net Interest Income		4,738			4,318		10	%
Non-interest income		752			1,055		-29	%
Non-interest expense		4,044			3,143		29	%
Net Income before provision		1,446			2,230		-35	%
Provision for loan losses		-90			137		>-100%
Income before taxes		1,536			2,093		-27	%
Income taxes		421			541		-22	%
Net Income		1,115			1,552		-28	%
Earnings per common share (fully diluted)	$	0.56		$	0.79		-29	%
Book value per common share	$	27.21		$	24.41		11	%

View source version on businesswire.com: https://www.businesswire.com/news/home/20250730653367/en/

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Renee Byers, CFO, (707) 444-9849

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Earnings Release – Redwood Capital Bancorp – Second Quarter, 2025

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