President’s Message

The Heart of Our Success and A Commitment to Trust
As we close out 2025, I find myself reflecting on what was truly a championship year for Bank of Utah. Hosting the PGA TOUR’s Bank of Utah Championship gave us a front-row seat to the level of precision and excellence required to compete at the highest level. I am proud to say our team of bankers rose to that same standard in every area of our business, delivering results that demonstrate the strength of our commitment to those we serve.

Exceeding Expectations
Despite navigating unexpected currents this year, our teams went above and beyond. We surpassed all of our key results: a testament to our belief that banking is about people. This belief drove our decisions, constantly reminding us that to be the “first choice” in banking, we must first be exceptional and work tirelessly to earn the trust of our clients.

Looking at the results, our performance reflects the deep confidence our clients place in us and our disciplined approach to management:

Financial Highlights

  • Consolidated net income increased 14.6 percent year over year to $46.1 million and was up 13.3 percent compared to Q4 2024.

  • Total deposits increased 11.2 percent year over year to approximately $2.9 billion in
    Q4 2025.

  • Total loans increased 8.4 percent year over year to $2.9 billion in Q4 2025.

Beyond the Balance Sheet
One of the more memorable chapters of our year was hosting the PGA TOUR’s Bank of Utah Championship. While this was a significant investment, we viewed it as an opportunity for a deeper, more meaningful impact on our community.

The true legacy of that event is the creation of a statewide financial literacy program for schools, in partnership with The Policy Project. By investing in this program, we are planting seeds for future generations, ensuring they have the tools they need to achieve financial confidence. This is how we help build a more secure future for all of Utah.

Thank you for being part of this journey. We enter the new year inspired by our purpose and energized by our clients, our team members, our communities and our partners.

Sincerely,
Branden P Hansen
President