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  Title	LINKBANCORP, Inc. Announces Strong Second Quarter 2025 Earnings and Declares Dividend
  ID	12004992
  External ID	7930389585
  Author	Unknown
  Published Date	July 29, 2025, 12:47 a.m.
  Summary	HARRISBURG, Pa. July 28, 2025 /PRNewswire/ -- LINKBANCORP, Inc. (NASDAQ: LNKB) (the "Company"), the parent company of LINKBANK (the "Bank"), reported net income of $7.4 million , or per diluted share,
  Tags	press-release
  URL	https://latinbusinesstoday.com/pr-newswire/?rkey=20250728ph38735&filter=11813
  Sentiment	Negative: 0.93720    Neutral: 0.02497    Positive: 0.03783
  Relevance	0.03067

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  Content ID	7673413
  Key	c46f9b68-00a4-4636-813e-28f105a27283
  Content	HARRISBURG, Pa. July 28, 2025 /PRNewswire/ -- LINKBANCORP, Inc. (NASDAQ: LNKB) (the "Company"), the parent company of LINKBANK (the "Bank"), reported net income of $7.4 million , or per diluted share, for the quarter ended June 30, 2025 , compared to net income of $15.3 million , or per diluted share, for the quarter ended March 31 , 2025. Excluding the sale of branches, merger and restructuring related income and expenses, adjusted earnings were $7.4 million , or per diluted share for both the first and second quarter of 2025. Additionally, the Company announced that the Board of Directors declared a quarterly cash dividend of per share of common stock which is expected to be paid on September 15, 2025 to shareholders of record on August 29, 2025 Second Quarter 2025 Highlights Stable, strong core earnings. Annualized return on average assets was 1.05% for the second quarter of 2025, compared to 2.19% for the first quarter of 2025 and 0.84% for the second quarter of 2024. Adjusted return on average assets was 1.05% for the second quarter of 2025, compared to 1.05% for the first quarter of 2025 and 0.91% for the second quarter of 2024. Robust balance sheet growth. Total loans at June 30, 2025 were $2.36 billion , compared to $2.27 billion at March 31, 2025 and $2.35 billion at December 31, 2024 , representing a quarterly increase of $82.7 million or 14.58% annualized and a year-to-date increase of $107.0 million or 9.19% annualized excluding the impact of the sale of banking operations and branches in New Jersey , including related loans and deposits (the "Branch Sale"). Total deposits at June 30, 2025 were $2.46 billion compared to $2.43 billion at March 31, 2025 and $2.45 billion at December 31, 2024 , representing a quarterly increase of $22.7 million , or 3.74% annualized and a year-to-date increase of $89.36 million or 7.34% excluding the impact of the Branch Sale. Improving credit quality. The Company's non-performing assets declined by $4.2 million to $21.9 million , representing 0.76% of total assets at June 30, 2025 , compared to $26.0 million , representing 0.91% of total assets at March 31, 2025 . This decrease was driven by resolutions to several loan relationships including a purchased credit deteriorated loan that was resolved at an amount greater than its purchase date fair value. The successful resolutions have decreased specific reserve needs by $2.5 million while enhancing the ratio of the allowance for credit losses-loans to nonperforming assets to 112.68% at June 30, 2025 , compared to 102.22% at March 31, 2025 Disciplined expense management. GAAP noninterest expense for the second quarter of 2025 was $18.1 million with an efficiency ratio of 64.79%, compared to $19.7 million of GAAP noninterest expense with an efficiency ratio of 50.29% for the first quarter of 2025. Excluding non-core operating expenses, the adjusted noninterest expense decreased $697 thousand quarter over quarter from $18.7 million for the quarter ended March 31, 2025 to $18.0 million for the quarter ended June 30, 2025 . The Company's adjusted efficiency ratio improved to 64.73% for the quarter ended June 30, 2025 compared to 66.96% for the quarter ended March 31, 2025 See Appendix A – Reconciliation to Non-GAAP Financial Measures for the computation of this non-GAAP measure. See Loan and Deposit Tables for Branch Sale Reconciliation. "We are pleased to report another quarter of strong core earnings, combined with exceptional loan and deposit growth throughout our entire footprint," said Andrew Samuel , Chief Executive Officer of LINKBANCORP. "We remain focused on improving operating efficiency and expanding noninterest income to support our core business and enabling us to deliver sustainable long-term value to our shareholders." Income Statement Net interest income before the provision for credit losses for the second quarter of 2025 was $24.9 million compared to $25.8 million in the first quarter of 2025 and $24.5 million for the second quarter of 2024. Net interest margin was 3.80% for the second quarter of 2025 compared to 3.94% for the first quarter of 2025. Net interest income was impacted by a linked quarter decline in purchase accounting accretion, together with a decrease in the average balances of loans and deposits due to the March 31, 2025 completion of the Branch Sale. Interest income from purchase accounting accretion during the current quarter was approximately $922 thousand less than that recognized in the first quarter of 2025. Cost of funds increased to 2.31% for the second quarter of 2025, compared to 2.29% for the first quarter of 2025, reflecting the lower cost of deposits included in the Branch Sale as well as continued competition for deposits in the Bank's markets. Noninterest income decreased quarter-over-quarter to $2.9 million for the second quarter of 2025 compared to $13.3 million for the first quarter of 2025 due to the $11.1 million pre-tax gain from the Branch Sale in the first quarter. Excluding the gain on sale of the New Jersey branches, noninterest income grew by $769 thousand quarter-over-quarter, including increases in swap fee income and interchange income. Year-over-year, noninterest income increased $1.1 million from $1.9 million for the second quarter of 2024. Noninterest expense for the second quarter of 2025 was $18.1 million compared to $19.7 million for the first quarter of 2025 and $18.9 million for the second quarter of 2024. Excluding non-core operating costs totaling $16 thousand in the second quarter of 2025, $912 thousand in the first quarter of 2025 and $631 thousand in the second quarter of 2024, adjusted noninterest expense decreased $697 thousand from $18.7 million for the first quarter of 2025 to $18.0 million for the second quarter of 2025 while decreasing $220 thousand year-over-year from $18.3 million for the second quarter of 2024. Adjusted non-interest expense for the first quarter of 2025 excludes expenses related to the reduction of the size of the Board of Directors included in other noninterest expense, as well as bonus accruals related to the completion of the Branch Sale included in salaries and employee benefits expense, and other merger and restructuring costs. Income tax expense was $2.1 million for the second quarter of 2025, reflecting an effective tax rate of 22.0% compared to $3.9 million for the first quarter of 2025, reflecting an effective tax rate of 20.1% and $1.6 million for the second quarter of 2024, reflecting an effective tax rate of 22.0%, respectively. The tax rate increased quarter-over-quarter due to a state income tax apportionment adjustment in the first quarter of 2025. See Appendix A – Reconciliation to Non-GAAP Financial Measures for the computation of this non-GAAP measure. Balance Sheet Total assets were $2.89 billion at June 30, 2025 compared to $2.86 billion at March 31, 2025 and $2.88 billion at December 31, 2024 . Deposits and net loans as of June 30, 2025 totaled $2.46 billion and $2.33 billion , respectively, compared to deposits and net loans of $2.43 billion and $2.25 billion , respectively at March 31, 2025 and $2.36 billion and $2.23 billion , respectively, at December 31, 2024 . Deposits and net loans exclude recorded balances held for sale in the Branch Sale of $93.6 million and $91.8 million , respectively, at December 31, 2024 , which are reflected within liabilities held for sale and assets held for sale. Total loans at June 30, 2025 were $2.36 billion , compared to $2.27 billion at March 31, 2025 , representing an increase of $82.7 million . Year-to-date, total loans have increased $107.0 million from December 31, 2024 , excluding the impact of the Branch Sale, or 9.19% annualized. Total commercial loan commitments originated in the second quarter of 2025 were $154.6 million with funded balances of $137.1 million . The average commercial loan commitment originated during the second quarter of 2025 totaled approximately $985 thousand with an average outstanding funded balance of $873 thousand Total deposits at June 30, 2025 were $2.46 billion compared to $2.43 billion at March 31, 2025 , representing an increase of $22.7 million . Year-to-date, total deposits have increased $89.4 million from December 31, 2024 , excluding the impact of the Branch Sale, or 7.34% annualized. Noninterest bearing deposits totaled $646.7 million at June 30, 2025 , generally flat from March 31, 2025 . Brokered deposits decreased $28.6 million from $103.6 million at March 31, 2025 to $75.0 million at June 30, 2025 . Excluding the $28.6 million change in brokered deposits and the impact from the Branch Sale, deposits increased $118.0 million year-to-date representing an annualized growth rate of 10.1%. The Company continues to maintain strong on-balance sheet liquidity, as cash and cash equivalents were $155.1 million at June 30, 2025 compared to $220.2 million at March 31, 2025 and $166.1 million at December 31, 2024 See Appendix A – Reconciliation to Non-GAAP Financial Measures for the computation of this non-GAAP measure. See Loan and Deposit Tables for Branch Sale Reconciliation. Asset Quality The Company recorded a $344 thousand provision for credit losses during the second quarter of 2025, after recording a $228 thousand provision for credit losses in the first quarter of 2025. The increase in provision was primarily related to commercial loan growth during the second quarter of 2025. As of June 30, 2025 , the Company's non-performing assets declined by $4.2 million to $21.9 million , representing 0.76% of total assets, compared to $26.0 million , representing 0.91% of total assets at March 31, 2025 . This improvement was driven largely by the favorable resolution of a purchased credit deteriorated (PCD) loan above its purchase date fair value. Loans 30-89 days past due at June 30, 2025 were $14.5 million , representing 0.62% of total loans compared to $12.7 million or 0.56% of total loans at March 31, 2025 and $2.9 million or 0.13% of total loans at December 31, 2024 The allowance for credit losses for loans was $24.7 million , or 1.05% of total loans held for investment at June 30, 2025 , compared to $26.6 million , or 1.17% of total loans held for investment at March 31 , 2025. Due to the resolution of certain nonperforming loans resulting in the improvement in nonperforming assets noted above, the required specific reserve on loans decreased by $2.5 million from March 31, 2025 to June 30, 2025 . The ratio of the allowance for credit losses for loans to nonperforming assets increased to 112.68% at June 30, 2025 , compared to 102.22% at March 31, 2025 Net charge-offs continue to improve as the Company recorded $40 thousand in net charge-offs during the second quarter of 2025 compared to $81 thousand for the first quarter of 2025 and $252 thousand in the fourth quarter of 2024. Capital The Bank's regulatory capital ratios were well in excess of regulatory minimums to be considered "well capitalized" as of June 30, 2025 . The Bank's Total Capital Ratio and Tier 1 Capital Ratio were 12.43% and 11.51% respectively, at June 30, 2025 , compared to 12.61% and 11.71%, respectively, at March 31, 2025 and 11.09% and 10.30%, respectively, at June 30, 2024 . The Company's ratio of Tangible Common Equity to Tangible Assets was 7.89% at June 30, 2025 compared to 7.78% at March 31, 2025 See Appendix A – Reconciliation to Non-GAAP Financial Measures for the computation of this non-GAAP measure. ABOUT LINKBANCORP, Inc. LINKBANCORP, Inc. was formed in 2018 with a mission to positively impact lives through community banking. Its subsidiary bank, LINKBANK, is a Pennsylvania state-chartered bank serving individuals, families, nonprofits and business clients throughout Pennsylvania Maryland Delaware and Virginia , through 24 client solutions centers and www.linkbank.com . LINKBANCORP, Inc. common stock is traded on the Nasdaq Capital Market under the symbol "LNKB". For further company information, visit ir.linkbancorp.com Forward Looking Statements This press release contains forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. Forward-looking statements are not statements of current or historical fact and involve substantial risks and uncertainties. Words such as "anticipates," "believes," "estimates," "expects," "forecasts," "intends," "plans," "projects," "may," "will," "should," and other similar expressions can be used to identify forward-looking statements. Such statements are subject to factors that could cause actual results to differ materially from anticipated results. Among the risks and uncertainties that could cause actual results to differ from those described in the forward-looking statements include, but are not limited to the following: costs or difficulties associated with newly developed or acquired operations; changes in general economic trends, including inflation, tariffs and changes in interest rates; increased competition; changes in consumer demand for financial services; our ability to control costs and expenses; adverse developments in borrower industries and, in particular, declines in real estate values; changes in and compliance with federal and state laws that regulate our business and capital levels; our ability to raise capital as needed; and the effects of any cybersecurity breaches. The Company does not undertake, and specifically disclaims, any obligation to publicly revise any forward-looking statements to reflect the occurrence of anticipated or unanticipated events or circumstances after the date of such statements, except as required by law. Accordingly, you should not place undue reliance on forward-looking statements. LB-E LB-D LINKBANCORP, Inc. and Subsidiaries Consolidated Balance Sheet (Unaudited) June 30, 2025 March 31, 2025 December 31, 2024 September 30, 2024 June 30, 2024 (In Thousands, except share and per share data) ASSETS Noninterest-bearing cash equivalents Interest-bearing deposits with other institutions Cash and cash equivalents Securities available for sale, at fair value Securities held to maturity, net of allowance for credit losses Loans receivable, gross Allowance for credit losses - loans Loans receivable, net Investments in restricted bank stock Premises and equipment, net Right-of-Use Asset – premises Bank-owned life insurance Goodwill and other intangible assets Deferred tax asset Assets held for sale — — Accrued interest receivable and other assets TOTAL ASSETS LIABILITIES Deposits: Demand, noninterest bearing Interest bearing Total deposits Long-term borrowings Short-term borrowings — — — — Note payable — Subordinated debt Lease liabilities Liabilities held for sale — — Accrued interest payable and other liabilities TOTAL LIABILITIES SHAREHOLDERS' EQUITY Preferred stock — — — — — Common stock Surplus Retained earnings Accumulated other comprehensive loss TOTAL SHAREHOLDERS' EQUITY TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY Common shares outstanding LINKBANCORP, Inc. and Subsidiaries Consolidated Statements of Operations (Unaudited) Three Months Ended Six Months Ended (In Thousands, except share and per share data) INTEREST AND DIVIDEND INCOME Loans receivable, including fees Other Total interest and dividend income INTEREST EXPENSE Deposits Other Borrowings Subordinated Debt Total interest expense NET INTEREST INCOME BEFORE PROVISION FOR CREDIT LOSSES Provision for credit losses — NET INTEREST INCOME AFTER PROVISION FOR CREDIT LOSSES NONINTEREST INCOME Service charges on deposit accounts Bank-owned life insurance Net realized gains (losses) on the sale of debt securities — — — Gain on sale of loans Gain on sale of branches — — — Other Total noninterest income NONINTEREST EXPENSE Salaries and employee benefits Occupancy Equipment and data processing Professional fees FDIC insurance and supervisory fees Bank Shares Tax Intangible amortization Merger & restructuring expenses Advertising Other Total noninterest expense Income before income tax expense Income tax expense NET INCOME EARNINGS PER SHARE, BASIC EARNINGS PER SHARE, DILUTED WEIGHTED-AVERAGE COMMON SHARES OUTSTANDING, BASIC DILUTED LINKBANCORP, Inc. and Subsidiaries Financial Highlights (Unaudited) For the Three Months Ended For the Six Months Ended (Dollars In Thousands, except per share data) Operating Highlights Net Income Net Interest Income Provision for Credit Losses — Non-Interest Income Non-Interest Expense Earnings per Share, Basic Adjusted Earnings per Share, Basic Earnings per Share, Diluted Adjusted Earnings per Share, Diluted Selected Operating Ratios Net Interest Margin 3.80 % 3.94 % 3.83 % 3.87 % 3.92 % Annualized Return on Assets ("ROA") 1.05 % 2.19 % 0.84 % 1.62 % 0.85 % Adjusted ROA 1.05 % 1.05 % 0.91 % 1.05 % 0.89 % Annualized Return on Equity ("ROE") 10.04 % 21.90 % 8.65 % 15.83 % 8.63 % Adjusted ROE 10.06 % 10.56 % 9.39 % 10.31 % 9.04 % Efficiency Ratio 64.79 % 50.29 % 71.75 % 56.33 % 72.04 % Adjusted Efficiency Ratio 64.73 % 66.96 % 69.36 % 65.85 % 70.75 % Noninterest Income to Avg. Assets 0.42 % 1.89 % 0.27 % 1.15 % 0.26 % Noninterest Expense to Avg. Assets 2.57 % 2.80 % 2.73 % 2.68 % 2.80 % Financial Condition Data Total Assets Loans Receivable, Net Noninterest-bearing Deposits Interest-bearing Deposits Total Deposits Selected Balance Sheet Ratios Total Capital Ratio 12.43 % 12.61 % 11.55 % 11.44 % 11.09 % Tier 1 Capital Ratio 11.51 % 11.71 % 10.74 % 10.62 % 10.30 % Common Equity Tier 1 Capital Ratio 11.51 % 11.71 % 10.74 % 10.62 % 10.30 % Leverage Ratio 10.34 % 10.02 % 9.49 % 9.41 % 9.17 % Tangible Common Equity to Tangible Assets 7.89 % 7.78 % 7.16 % 7.02 % 6.82 % Tangible Book Value per Share Asset Quality Data Non-performing Assets Non-performing Assets to Total Assets 0.76 % 0.91 % 0.60 % 0.60 % 0.37 % Non-performing Loans to Total Loans 0.93 % 1.15 % 0.76 % 0.78 % 0.48 % Allowance for Credit Losses - Loans ("ACLL") ACLL to Total Loans 1.05 % 1.17 % 1.17 % 1.20 % 1.20 % ACLL to Nonperforming Assets 112.68 % 102.22 % 153.93 % 152.73 % 248.26 % Net chargeoffs (recoveries) (1) - These capital ratios have been calculated using bank-level capital (2) - This is a non-GAAP financial measure. See our reconciliation of non-GAAP financial measures to their most directly comparable GAAP financial measures at the end of this release. (3) - The efficiency ratio, as adjusted represents noninterest expense divided by the sum of net interest income and noninterest income, excluding gains or losses from securities sales and merger related expenses. This is a non-GAAP financial measure. See our reconciliation of non-GAAP financial measures to their most directly comparable GAAP financial measures at the end of this release. (4) - We calculate tangible common equity as total shareholders' equity less goodwill and other intangibles, and we calculate tangible assets as total assets less goodwill and other intangibles. This is a non-GAAP financial measure. See our reconciliation of non-GAAP financial measures to their most directly comparable GAAP financial measures at the end of this release. (5) - We calculate tangible book value per common share as total shareholders' equity less goodwill and other intangibles, divided by the outstanding number of shares of our common stock at the end of the relevant period. Tangible book value per common share is a non-GAAP financial measure, and, as we calculate tangible book value per common share, the most directly comparable GAAP financial measure is book value per common share. See our reconciliation of non-GAAP financial measures to their most directly comparable GAAP financial measures at the end of this release. (6) - Charge offs for the three months ended June 30, 2025 do not include the impact of a settlement of a purchase credit deteriorated loan ("PCD") that resulted in a net decrease to the allowance of $2.0 million, which was covered by a specific reserve established on this PCD loan at the time of acquisition. LINKBANCORP, Inc. and Subsidiaries Net Interest Margin - Linked Quarter-To-Date (Unaudited) For the Three Months Ended June 30, 2025 March 31, 2025 (Dollars in thousands) Avg Bal Interest Yield/Rate Avg Bal Interest Yield/Rate Int. Earn. Cash 3.85 % 3.31 % Securities Taxable 4.79 % 4.96 % Tax-Exempt 4.50 % 4.45 % Total Securities 4.73 % 4.84 % Total Cash Equiv. and Investments 4.40 % 4.24 % Total Loans 6.22 % 6.39 % Total Earning Assets 6.00 % 6.14 % Other Assets Total Assets Interest bearing demand 2.35 % 2.27 % Money market demand 2.25 % 2.14 % Time deposits 4.06 % 4.08 % Total Borrowings 5.02 % 5.29 % Total Interest-Bearing Liabilities 3.10 % 3.08 % Non Interest-Bearing Deposits Total Cost of Funds 2.31 % 2.29 % Other Liabilities Total Liabilities Shareholders' Equity Total Liabilities & Shareholders' Equity Net Interest Income/Spread (FTE) 2.90 % 3.06 % Tax-Equivalent Basis Adjustment Net Interest Income Net Interest Margin 3.80 % 3.94 % Taxable income on securities includes income from available for sale securities and income from certificates of deposits with other banks. Income stated on a tax equivalent basis which is a non-GAAP measure and reconciled to GAAP at the bottom of the table Includes the balances of nonaccrual loans LINKBANCORP, Inc. and Subsidiaries Net Interest Margin - Quarter-To-Date (Unaudited) For the Three Months Ended June 30, (Dollars in thousands) Avg Bal Interest Yield/Rate Avg Bal Interest Yield/Rate Int. Earn. Cash 3.85 % 4.62 % Securities Taxable 4.79 % 5.09 % Tax-Exempt 4.50 % 4.26 % Total Securities 4.73 % 4.88 % Total Cash Equiv. and Investments 4.40 % 4.77 % Total Loans 6.22 % 6.37 % Total Earning Assets 6.00 % 6.19 % Other Assets Total Assets Interest bearing demand 2.35 % 2.22 % Money market demand 2.25 % 2.26 % Time deposits 4.06 % 4.59 % Total Borrowings 5.02 % 5.02 % Total Interest-Bearing Liabilities 3.10 % 3.30 % Non Interest-Bearing Deposits Total Cost of Funds 2.31 % 2.43 % Other Liabilities Total Liabilities Shareholders' Equity Total Liabilities & Shareholders' Equity Net Interest Income/Spread (FTE) 2.90 % 2.89 % Tax-Equivalent Basis Adjustment Net Interest Income Net Interest Margin 3.80 % 3.83 % Taxable income on securities includes income from available for sale securities and income from certificates of deposits with other banks. Income stated on a tax equivalent basis which is a non-GAAP measure and reconciled to GAAP at the bottom of the table Includes the balances of nonaccrual loans LINKBANCORP, Inc. and Subsidiaries Net Interest Margin - Year-To-Date (Unaudited) For the Six Months Ended June 30, (Dollars in thousands) Avg Bal Interest Yield/Rate Avg Bal Interest Yield/Rate Int. Earn. Cash 3.66 % 4.50 % Securities Taxable 4.86 % 4.94 % Tax-Exempt 4.47 % 4.27 % Total Securities 4.78 % 4.77 % Total Cash Equiv. and Investments 4.36 % 4.67 % Total Loans 6.30 % 6.42 % Total Earning Assets 6.07 % 6.23 % Other Assets Total Assets Interest bearing demand 2.31 % 2.02 % Money market demand 2.18 % 2.22 % Time deposits 4.07 % 4.50 % Total Borrowings 5.15 % 5.48 % Total Interest-Bearing Liabilities 3.08 % 3.23 % Non Interest-Bearing Deposits Total Cost of Funds 2.30 % 2.38 % Other Liabilities Total Liabilities Shareholders' Equity Total Liabilities & Shareholders' Equity Net Interest Income/Spread (FTE) 2.99 % 3.00 % Tax-Equivalent Basis Adjustment Net Interest Income Net Interest Margin 3.87 % 3.92 % Taxable income on securities includes income from available for sale securities and income from certificates of deposits with other banks. Income stated on a tax equivalent basis which is a non-GAAP measure and reconciled to GAAP at the bottom of the table Includes the balances of nonaccrual loans LINKBANCORP, Inc. and Subsidiaries Loans Receivable Detail (Unaudited) (In Thousands) June 30, 2025 March 31, 2025 December 31, 2024 September 30, 2024 June 30, 2024 Agriculture and farmland loans Construction loans Commercial & industrial loans Commercial real estate loans Multifamily Owner occupied Non-owner occupied Residential real estate loans First liens Second liens and lines of credit Consumer and other loans Municipal loans Deferred costs Total loans receivable Less: Loans held for sale — — Loans Held for Investment LINKBANCORP, Inc. and Subsidiaries Loan Growth Calculation Excluding Branch Sale (Unaudited) (In Thousands) June 30, 2025 Total Loans at June 30, 2025 Total Loans at December 31, 2024 Year-to-date Change Net Book Value of Loans Sold Loan Growth Excluding Branch Sale Annualized Growth Rate 9.19 % LINKBANCORP, Inc. and Subsidiaries Investments in Securities Detail (Unaudited) June 30, 2025 (In Thousands) Amortized Cost Net Unrealized Gains (Losses) Fair Value Available for Sale: US Government Agency securities Obligations of state and political subdivisions Mortgage-backed securities in government-sponsored entities Other securities Amortized Cost Net Unrealized Losses Fair Value Allowance for Credit Losses Held to Maturity: Corporate debentures Structured mortgage-backed securities — December 31, 2024 (In Thousands) Amortized Cost Net Unrealized Gains (Losses) Fair Value Available for Sale: US Government Agency securities Obligations of state and political subdivisions Mortgage-backed securities in government-sponsored entities Other securities Amortized Cost Net Unrealized Losses Fair Value Allowance for Credit Losses Held to Maturity: Corporate debentures Structured mortgage-backed securities — LINKBANCORP, Inc. and Subsidiaries Deposits Detail (Unaudited) (In Thousands) June 30, 2025 March 31, 2025 December 31, 2024 September 30, 2024 June 30, 2024 Demand, noninterest-bearing Demand, interest-bearing Money market and savings Time deposits, $250 and over Time deposits, other Brokered deposits Less: Deposits held for sale — — Total deposits Average Deposits Detail, for the Three Months Ended (Unaudited) (In Thousands) June 30, 2025 March 31, 2025 December 31, 2024 September 30, 2024 June 30, 2024 Demand, noninterest-bearing Demand, interest-bearing Money market and savings Time deposits Brokered deposits Total deposits Balances in table above include deposits held for sale LINKBANCORP, Inc. and Subsidiaries Deposit Growth Calculation Excluding Branch Sale (Unaudited) (In Thousands) June 30, 2025 Total Deposits at June 30, 2025 Total Deposits at December 31, 2024 Year-to-date Change Net Book Value of Deposits Sold Quarterly Deposit Growth Excluding Branch Sale Annualized Growth Rate 7.34 % Appendix A – Reconciliation to Non-GAAP Financial Measures This document contains supplemental financial information determined by methods other than in accordance with accounting principles generally accepted in the United States of America ("GAAP"). Management uses these non-GAAP measures in its analysis of the Company's performance. These measures should not be considered a substitute for GAAP basis measures nor should they be viewed as a substitute for operating results determined in accordance with GAAP. Management believes the presentation of non-GAAP financial measures that exclude the impact of specified items provide useful supplemental information that is essential to a proper understanding of the Company's financial condition and results. Non-GAAP measures are not formally defined under GAAP, and other entities may use calculation methods that differ from those used by us. As a complement to GAAP financial measures, our management believes these non-GAAP financial measures assist investors in comparing the financial condition and results of operations of financial institutions due to the industry prevalence of such non-GAAP measures. See the tables below for a reconciliation of these non-GAAP measures to the most directly comparable GAAP financial measures. Adjusted Return on Average Assets For the Three Months Ended For the Six Months Ended (Dollars in thousands) Net income Average assets Return on average assets (annualized) 1.05 % 2.19 % 0.84 % 1.62 % 0.85 % Net income Gain on sale of branches — — — Tax effect — — — Transaction bonus accrual — — — Tax effect — — — Board restructuring accrual — — — Tax effect — — — Net losses on sale of securities — — — Tax effect — — — Merger & restructuring expenses Tax effect Adjusted Net Income (Non-GAAP) Average assets Adjusted return on average assets (annualized) (Non-GAAP) 1.05 % 1.05 % 0.91 % 1.05 % 0.89 % (1) Tax effect was 22% for the three months ended June 30, 2025 and March 31, 2025, and six months ended June 30, 2025, and 21% for all other periods Adjusted Return on Average Shareholders' Equity For the Three Months Ended For the Six Months Ended (Dollars in thousands) Net income Average shareholders' equity Return on average shareholders' equity (annualized) 10.04 % 21.90 % 8.65 % 15.83 % 8.63 % Net income Gain on sale of branches — — — Tax effect — — — Transaction bonus accrual — — — Tax effect — — — Board restructuring accrual — — — Tax effect — — — Merger & restructuring expenses Tax effect Net (gains) losses on sale of securities — — — Tax effect — — — Adjusted Net Income (Non-GAAP) Average shareholders' equity Adjusted return on average shareholders' equity (annualized) (Non-GAAP) 10.06 % 10.56 % 9.39 % 10.31 % 9.04 % (1) Tax effect was 22% for the three months ended June 30, 2025 and March 31, 2025, and six months ended June 30, 2025, and 21% for all other periods Adjusted Earnings Per Share For the Three Months Ended For the Six Months Ended (Dollars in thousands, except per share data) GAAP-Based Earnings Per Share, Basic GAAP-Based Earnings Per Share, Diluted Net Income Gain on sale of branches — — — Tax effect — — — Transaction bonus accrual — — — Tax effect — — — Board restructuring accrual — — — Tax effect — — — Merger & restructuring expenses Tax effect Net (gains) losses on sale of securities — — — Tax effect — — — Adjusted Net Income (Non-GAAP) Adjusted Earnings per Share, Basic (Non-GAAP) Adjusted Earnings per Share, Diluted (Non-GAAP) (1) Tax effect was 22% for the three months ended June 30, 2025 and March 31, 2025, and six months ended June 30, 2025, and 21% for all other periods Adjusted Efficiency Ratio For the Three Months Ended For the Six Months Ended (Dollars in thousands) GAAP-based efficiency ratio 64.79 % 50.29 % 71.75 % 56.33 % 72.04 % Net interest income Noninterest income Less: Gain on sale of branches — — — Less: net gains (losses) on sale of securities — — — Adjusted revenue (Non-GAAP) Total noninterest expense Less: Merger & restructuring expenses Less: Transaction bonus accrual — — — Less: Board restructuring accrual — — — Adjusted non-interest expense Efficiency ratio, as adjusted (Non-GAAP) 64.73 % 66.96 % 69.36 % 65.85 % 70.75 % Tangible Common Equity and Tangible Book Value (Dollars in thousands, except per share data) Tangible Common Equity Total shareholders' equity Adjustments: Goodwill Other intangible assets Tangible common equity (Non-GAAP) Common shares outstanding Book value per common share Tangible book value per common share (Non-GAAP) Tangible Assets Total assets Adjustments: Goodwill Other intangible assets Tangible assets (Non-GAAP) Tangible common equity to tangible assets (Non-GAAP) 7.89 % 7.78 % 7.16 % 7.02 % 6.82 % Adjusted Pre-tax, Pre-provision Net Income (Non-GAAP) For the Three Months Ended For the Six Months Ended (Dollars in thousands, except per share data) Net Income (GAAP) Gain on sale of branches — — — Tax effect — — — Transaction bonus accrual — — — Tax effect — — — Board restructuring accrual — — — Tax effect — — — Net (gains) losses on sale of securities — — — Tax effect — — — Merger & restructuring expenses Tax effect Adjusted Net Income (Non-GAAP) Income tax expense Provision for credit losses — Tax effect included in Adjusted Net Income Adjusted Pre-tax, Pre-provision Net Income (Non-GAAP) (1) Tax effect was 22% for the three months ended June 30, 2025 and March 31, 2025, and six months ended June 30, 2025, and 21% for all other periods Contact: Nick West Director, Corporate Development IR@LINKBANCORP.COM View original content to download multimedia: https://www.prnewswire.com/news-releases/linkbancorp-inc-announces-strong-second-quarter-2025-earnings-and-declares-dividend-302515216.html SOURCE LINKBANCORP, Inc. 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• Data Source

  Data Source Name	Quantexa News (#5)
  Data Source Type	news
  Data Source URL	https://app.aylien.com/dashboard
  Description	Welcome to Quantexa News API — the most powerful way to aggregate, filter, and integrate global news data into your apps and models.
  Weight	10