What changed
EPS of $1.15 beat consensus of $1.10 by $0.05, or 4.5%. Revenue of $98.4M was driven by strong NII growth of 7.4% QoQ. Guidance was raised with deposit growth of $280M and loan growth of $115M, signaling accelerating momentum. The key nuance: record political deposits surged 11.4% to $2.1B, surpassing 2024 election cycle peaks, providing a low-cost, sticky funding base that supports margin expansion.