Jeffersonville Bancorp Reports Strong Second Quarter Earnings and Declares Dividend

In a recent announcement, Jeffersonville Bancorp, Inc. (OTCQB: JFBC) revealed its second quarter earnings for 2025, showcasing a robust financial performance. The company reported a net income of $3,290,000, or $0.78 per share, marking an increase from the $3,031,000, or $0.72 per share, reported in the same quarter of 2024. This positive trend is a testament to the bank’s strategic financial management and operational efficiency.

The increase in quarterly net income by $259,000 was primarily driven by several key factors. A significant decrease in interest expense by $589,000 played a crucial role, alongside an increase in loan interest and fees by $533,000. Additionally, the company managed to reduce its non-interest expenses by $172,000. These improvements were partially offset by a decrease in securities and other interest income by $525,000 and a reduction in non-interest income by $432,000, which was largely due to the absence of Bank Owned Life Insurance proceeds received in the same period in 2024. Other factors that slightly dampened the increase included a rise in tax expense by $52,000 and an increase in provision for credit losses by $26,000.

Looking at the year-to-date performance as of June 30, 2025, Jeffersonville Bancorp reported a net income of $6,008,000, or $1.42 per share, compared to $5,584,000, or $1.32 per share, for the same period in 2024. This increase of $424,000 was primarily attributable to a decrease in interest expense of $1,210,000, an increase in loan interest and fees income of $861,000, and a decrease in non-interest expense of $96,000. Similar to the quarterly results, these gains were partially offset by a decrease in securities and other interest income of $1,100,000.

In light of these strong financial results, the Board of Directors declared a quarterly dividend of $0.15 per share, payable on September 4, 2025. This decision underscores the company’s commitment to returning value to its shareholders and reflects confidence in its ongoing financial health and strategic direction.

Jeffersonville Bancorp’s success can be attributed to its stable deposit base and strategic positioning in the current rate environment. With a rich history spanning over 112 years, the bank has maintained a strong presence in the community, operating ten branches across Sullivan and Orange County, New York. This deep-rooted community involvement, combined with prudent financial management, positions Jeffersonville Bancorp well for continued success in the financial sector.

As the company navigates the evolving financial landscape, its focus on operational efficiency, strategic growth, and community engagement remains central to its mission. With a market capitalization of $90,190,000 and a price-to-earnings ratio of 8.121, Jeffersonville Bancorp continues to demonstrate resilience and adaptability, key traits that will likely serve it well in the years to come.