SACH Sachem Capital Corp., SACH-PA Sachem Capital Corp., SCCC Sachem Capital Corp., SCCD Sachem Capital Corp., SCCE Sachem Capital Corp., SCCF Sachem Capital Corp., SCCG Sachem Capital Corp. - 10-Q - (2025-11-05)

SACHEM CAPITAL CORP. (SACH) Q3 2025 TL;DR

Sachem Capital Corp. swung to a \(3.8M Net Income for the nine months ended September 30, 2025 (compared to a \)3.4M loss in 2024), translating to Basic EPS of \(0.00 (\)0.01 diluted). This profitability, achieved despite a 26.8% drop in total revenue driven by lower interest income, was primarily due to a substantial decrease in the Provision for Credit Losses (\(2.8M vs. \)17.96M prior year). Book value per common share declined to $2.47.

Credit Quality & Portfolio: Asset quality remains challenged. Non-performing loans (NPLs) rose to $104.1M (13