NILES, Ohio – First Niles Financial Inc., the holding company for Home Federal Savings and Loan Association of Niles, reported a net income of $843,000, or 57 cents per common share, for 2025.

The year-end earnings compare with $863,000, or 64 cents per common share, for 2024.

First Niles reported net income of $359,000, or 25 cents per common share, in the fourth quarter of 2025, compared with $177,000, or 13 cents per common share, in the fourth quarter of 2024.

Return on average assets for the three months and year ended Dec. 31, 2025, was 0.89% and 0.53%, respectively. Return on average assets for the three months and year ended Dec. 31, 2024, was 0.46% and 0.56%, respectively.

Net interest income after the provision for loan losses for the fourth quarter of 2025 was $937,000, compared with $750,000 for the same quarter in 2024, an increase of $187,000. Net interest income after the provision for loan losses in 2025 was $3.51 million, compared with $3.05 million in 2024, an increase of $462,000.

Noninterest income for the fourth quarter of 2025 was $1.93 million, compared with $1.42 million for the same period in 2024. Noninterest income in 2025 was $5.97 million, compared with $5 million in 2024. The increase in noninterest income in both comparative periods was primarily attributable to an increase in revenue from mortgage banking activities at the Union Capital Mortgage Corp. subsidiary, the company reported.

Noninterest expense for the fourth quarter of 2025 was $2.38 million, compared with $1.92 million for the fourth quarter of 2024, an increase of $459,000. Noninterest expense for 2025 was $8.36 million, compared with $6.89 million for 2024, an increase of $1.47 million. These fluctuations are directly related to the volume of loan originations and operations of Union Capital Mortgage Corp., the company reported.

First Niles Financial had total assets of $156.6 million at the end of 2025, $261,000 more than at the end of 2024. During the year, net loans held for investment decreased by $3.1 million, and total investment securities decreased by $469,000. Cash and cash equivalents increased by $1.4 million in 2025. Deposits increased by $4.5 million, or 5.4%, in 2025.

The company’s annual meeting of shareholders will be held at 2 p.m. April 29 at its main office, 55 N. Main St.