NASSAU, BAHAMAS- Bank of The Bahamas Limited reported net income of $4.1 million for the quarter ended September 30, 2025, with total assets surpassing $1.1 billion as the institution recorded higher operating income and continued loan growth in the opening quarter of its fiscal year.
During the opening quarter of the fiscal year, Bank of The Bahamas Limited (“the Bank”) reported net income of $4.1 million and total assets of over $1.1 billion. Neil Strachan, the BISX-listed commercial bank’s Managing Director, in unveiling its results for the period, noted that the Bank’s consistent operational strength emphasizes its disciplined approach to strategy execution, sound risk management, and commitment to sustainable growth. This performance result was realized through strong lending initiatives complemented by continued diversification of non-interest income streams by expanding its suite of financial solutions.
The Bank reported a $2.3 million increase in total operating income compared to the previous fiscal year, underscoring focus on its lending activities and revenue from multifarious strategies conveyed over the course of this first quarter. During the period, the Bank recognized net impairment loss of $2.2 million but remains committed to prudent credit portfolio management, effective risk mitigation strategies, and the continued enhancement of collections and recovery initiatives.
Operating expenses increased by $0.6 million from prior year but remained within budgeted parameters. The Bank continued to invest strategically in employee development, branch modernization, and technology enhancements, reinforcing its ability to deliver superior customer experiences.
As of September 30, 2025, net loans and advances totaled $501.9 million, reflecting the Bank’s continued focus on prudent credit expansion across its core lending segments. Shareholders’ equity stood at $232.6 million, supported by consistent earnings growth and strong capital retention. The Common Equity Tier 1 (CET1) capital ratio remained robust at 41.4 percent, well above the Central Bank’s minimum requirement of 18 percent, underscoring the Bank’s strong capital position and sound financial stewardship.
