Sign In
Upcoming Event
Free Newsletter
American Bank in Allentown PHOTO/FILE
American Bank reports earnings
Stacy Wescoe//October 10, 2025//
Listen to this articleAmerican Bank of Allentown has announced earnings for the quarter and nine months ended Sept. 30.
The bank said net income for the quarter was $3.3 million or $0.51 per diluted share, an increase of $1.7 million or 104.6% from $1,611,000 or $0.25 per diluted share for the third quarter of 2024.
According to a press release, increase in net income for the quarter was primarily attributable to increases in net interest income and non-interest income and a release of the allowance for credit losses, offset by an increase in non-interest expense.
President and CEO Mark Jaindl commented on the earnings report.
“We are very pleased with our growth this quarter as we saw our Net Income more than double from the same period last year, thanks to steady loan growth, a higher net interest margin, and our continued commitment to credit quality,” Jaindl said. “We also made strategic decisions regarding our investment portfolio, putting our deposits to work in ways that strengthen our financial position and support future growth. These results illustrate our deliberate planning and our commitment to serving our customers and our community while enhancing shareholder value.”
Total assets increased $90.9 million or 9.6% to $1. 035 billion as of Sept. 30, 2025 compared to $944 million as of Sept. 30, 2024.
