Sturgis Bancorp posted strong 2025 results with $7.5M net income, 40.65% higher net interest income, and a 3.66% net interest margin.

Sturgis Bancorp reported strong 2025 results, with net income rising to $7.5 million and earnings per share reaching $3.45, up from $2.8 million and $1.32 in 2024. The bank saw a 40.65% increase in net interest income, driven by higher loan income and lower borrowing costs, while reversing $383,000 of credit loss provisions compared to a $4.6 million charge in 2024. Total assets grew to $999 million, deposits increased by $70.8 million, and the net interest margin expanded to 3.66% in the fourth quarter. Noninterest expenses rose 9.52% due to higher compensation and occupancy costs, while noninterest income declined slightly due to a one-time gain in 2024 that did not recur. The bank maintained strong capital with a Tier 1 leverage ratio of 8.11%, paid $0.68 in annual dividends per share, and emphasized continued focus on relationship banking and expansion in 2026.