Letter from the CEO

Dear Shareholders,

I am pleased to report that at the halfway point of the year, we remain on track to achieve our major budget initiatives for 2025 with solid momentum in both our Banking and Trust & Family Office divisions. Our longer-term outlook remains consistent with the earnings targets we shared during the 2024 stock offering and recent shareholder meeting. 

In June, we paid a $1.35 per share annual dividend which represents our 12th consecutive annual dividend and the largest we have paid in our history. Additionally, our annual offer-to-purchase program was nearly fully subscribed as we offered to purchase up to a maximum of 40,000 shares, and successfully repurchased 35,695 shares of Parkside Financial, Inc. common stock at a share price of $43.00.

Also in June, we achieved another significant milestone when our Trust & Family Office division crossed over $3.0 billion in Assets Under Management, reflective of significant new business growth in both the St. Louis and Denver offices. 

On the personnel front, we recently promoted two of our long-time employees to new leadership roles within the Company. Effective June 1st, Derek Laur was promoted to Chief Financial Officer and Andy Schoeck became the St. Louis Market Leader for our Banking division. Both Derek and Andy have been with Parkside since our initial founding in 2008. Please join me in congratulating them on their new roles. 

As we look to the second half of 2025, I remain bullish about our teams' ability to capitalize on opportunities as they arise and continue to provide our clients with best-in-class service.

Should you have any questions or concerns, please reach out to me or any member of our outstanding Parkside team. 

 

Thank you, as always, for your continued support!

Sincerely,
James C. Wagner
Chief Executive Officer
Parkside Financial Bank & Trust