First Central Savings Bank Reports Strong Fourth Quarter 2025 Earnings

Bank Generates $2.6 Million in Net Income, Increases Dividend, and Expects Continued Profitability in 2026

Jan. 30, 2026 at 6:31pm

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First Central Savings Bank reported net income of $2.6 million, or $0.25 per share, for the fourth quarter of 2025, an increase from $2.0 million, or $0.19 per share, in the prior year quarter. The bank's cash earnings were $3.6 million, or $0.34 per share, for the quarter, up 63.4% from the prior year. The bank also announced a special cash dividend of $0.25 per share and expects to provide quarterly dividend payments in 2026 as it is more comfortable with its consistent future earnings projections.

Why it matters

First Central Savings Bank's strong fourth quarter results demonstrate its ability to generate consistent profitability through strategic loan sales, deposit pricing management, and disciplined expense control. The bank's performance highlights its resilience in the current economic environment and positions it well for continued growth and shareholder value creation in 2026.

The details

The bank substantially increased its non-interest income during the quarter through additional loan sales, taking advantage of favorable pricing in the secondary market for its non-conforming loan products. Management also effectively lowered deposit pricing on various savings and CD products as the bank's higher cash balances were sufficient to meet loan production. The bank continues to originate commercial real estate and non-conforming loans while actively selling most of the non-conforming loans to the secondary market.

  • First Central Savings Bank reported its fourth quarter 2025 results on January 30, 2026.
  • The bank's special cash dividend of $0.25 per share was payable on January 15, 2026.
  • The bank expects to provide quarterly dividend payments in calendar year 2026.

The players

First Central Savings Bank

A locally owned and operated community savings bank focused on highly personalized and efficient services and products responsive to local needs in the metro-New York area.

Joseph Pistilli

Executive Chairman of the Board of First Central Savings Bank.

Paul Hagan

President and Chief Operating Officer of First Central Savings Bank.

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What they’re saying

“In the fourth quarter of 2025, First Central continued to build shareholder value by generating strong earnings, primarily due to gains on non-conforming residential loan sales. In addition, we increased our book value from $8.20 per share at December 31, 2024, to $8.92 at December 31, 2025, an increase of $0.72 or 8.8%. I am also proud to announce that we have increased our special dividend payment to our shareholders to $0.25 per share which was payable on January 15, 2026. In calendar year 2026, we will look to provide quarterly dividend payments as we are now more comfortable with our consistent future earnings projections.”

— Joseph Pistilli, Executive Chairman of the Board (First Central Savings Bank)

“During the quarter ended December 31, 2025, the Bank substantially increased our non-interest income as a result of additional loan sales. Due to favorable pricing in the secondary market for our non-conforming loan product, management made a strategic decision to sell more loans thereby increasing gain on loan sale income. As a result of cash generated from these loan sales, management was able to effectively lower our deposit pricing on various savings and CD products as our higher cash balances were sufficient to meet loan production.”

— Paul Hagan, President and Chief Operating Officer (First Central Savings Bank)

What’s next

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The takeaway

First Central Savings Bank's strong fourth quarter performance, driven by strategic loan sales, deposit pricing management, and disciplined expense control, positions the bank well for continued profitability and shareholder value creation in 2026.