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blueharbor bank reports recurring bank earnings, capital, credit-quality and dividend developments for its OTCQX-quoted common stock, BLHK.
The North Carolina bank is headquartered in Mooresville, with branches in Statesville and Mount Airy and loan production offices in Belmont and Hickory. Company updates focus on net income, diluted earnings per share, return metrics, net interest margin, efficiency ratio, book value, loan growth, deposit-account activity, noninterest income from service charges, debit card income and mortgage loan fees, regulatory capital ratios, non-performing assets and special cash dividends.
blueharbor bank (OTCQX: BLHK) announced that its Board of Directors has declared a special cash dividend of $0.25 per share. The dividend will be payable on August 21, 2026 to shareholders of record as of August 11, 2026.
According to blueharbor bank, strong capital and earnings support this distribution, and the Board may consider additional special dividends in the future, though no further decisions have been made.
blueharbor bank (OTCQX: BLHK) reported second quarter 2026 net income of $3.52 million, or $1.16 diluted EPS, up 40% from $2.51 million, or $0.83, in Q2 2025. ROA was 2.31%, ROE 20.75%, net interest margin 4.36%, and the efficiency ratio 34.67%.
For the first six months of 2026, net income was $6.85 million, or $2.27 diluted EPS, versus $4.91 million and $1.63 a year earlier. Total assets reached $628.4 million, up 4% from year-end 2025 and 15% year over year. Gross loans were $537.1 million and total deposits $551.2 million, rising 16% and 18% year over year, respectively. Book value per share increased 15% to $23.08.
Asset quality showed zero non-performing assets for the seventh consecutive quarter. Capital ratios remained high, with total risk-based capital at 14.1% and a tier 1 leverage ratio of 11.8%. Net interest income grew 21% to $6.39 million, while noninterest income rose 5% and noninterest expense increased modestly by $49,645.
blueharbor bank (OTCQX: BLHK) reported Q1 2026 net income of $3,332,169 and diluted EPS $1.11, increases of 39% and 41% versus Q1 2025. Key metrics: ROA 2.25%, ROE 20.73%, NIM 4.37%, efficiency ratio 36.40%, and book value $21.89 (+12% YoY).
Total assets were $623.3M (+19% YoY), gross loans $530.3M, deposits $549.6M. No non-performing assets; CET1 12.7%, total risk-based capital 13.7%. A $1.00 special dividend was paid in Q1 2026.
blueharbor bank (OTCQX:BLHK) declared a special cash dividend of $1.00 per share, payable March 31, 2026, to shareholders of record on March 24, 2026. The board cited strong capital and earnings and said it may consider additional special dividends in the future.
blueharbor bank (OTCQX: BLHK) reported strong fourth-quarter and full-year 2025 results with net income of $3.224M ($1.07 diluted) for Q4 and $10.982M ($3.65 diluted) for the year, increases of 53% and 62% versus prior periods. Total assets rose to $606.8M (+20%), gross loans to $521.5M (+21%), and deposits to $533.6M (+21%). Key ratios: ROA 2.18%, ROE 19.84%, NIM 4.30%, efficiency ratio 35.66%, book value $22.06 (+18%). Asset quality strong with no non-performing assets and capital well above regulatory minima (CET1 12.8%, total risk-based 13.8%).
blueharbor bank (OTCQX:BLHK) declared a special cash dividend of $0.25 per share, payable on December 12, 2025 to shareholders of record on December 2, 2025. The bank said its strong capital and earnings allow this shareholder distribution and noted the Board may consider additional special dividends in the future, but no decisions have been made. The release includes a forward-looking statement cautioning that actual outcomes may differ due to economic, interest rate, regulatory, and competitive factors.
blueharbor bank (OTCQX: BLHK) reported third quarter 2025 net income of $2.85M and diluted EPS of $0.95, up materially year-over-year and sequentially. Key metrics: ROA 2.08%, ROE 18.54%, net interest margin 4.46%, and an efficiency ratio of 37.76%.
Total assets were $571.8M (+13% vs Dec 31, 2024), gross loans $496.0M (+23% YoY), and deposits $497.7M (+17% YoY). Asset quality showed zero nonperforming assets and allowance for loan losses of $4.68M (0.94% of loans). Capital: total risk-based capital 13.9%, CET1 12.9%, tier 1 leverage 12.0%.
blueharbor bank (OTCQX:BLHK) reported outstanding Q2 2025 financial results, with net income reaching $2.51 million, or $0.83 per diluted share, marking a significant 76% increase from Q2 2024. The bank demonstrated robust growth with total assets reaching $544.3 million, up 18% year-over-year.
Key performance metrics showed exceptional strength, including a 4.28% net interest margin, 1.94% ROA, and 18.06% ROE. Asset quality remained excellent with zero non-performing assets, while maintaining strong capital levels with a 14.1% total risk-based capital ratio. The bank also paid a dividend of $0.25 per share and reported a 15% year-over-year increase in book value to $20.00.
blueharbor bank (OTCQX-BLHK) has announced a special cash dividend of $0.25 per share, demonstrating strong financial performance. The dividend will be paid on May 23, 2025, to shareholders of record as of May 13, 2025.
Jim Marshall, President and CEO, expressed satisfaction with the bank's robust capital and earnings position, which enables this shareholder value enhancement. The bank's board may consider additional special dividends in the future, though no definitive decisions have been made.
The announcement includes standard forward-looking statements, noting that actual results may differ from expectations due to various factors including:
- Changes in national and local economies
- Interest rate fluctuations
- Deposit and loan demand variations
- Asset quality changes
- Banking regulation updates
- Market competition impacts
blueharbor bank (BLHK) reported strong Q1 2025 financial results with net income of $2.39 million, or $0.79 per diluted share, representing a 79% increase from Q1 2024. Key performance metrics showed significant improvement:
Total assets reached $522.3 million, up 15% year-over-year, while gross loans increased by $63.6 million to $435.0 million. Deposits grew 15% to $457.5 million. The bank maintained excellent asset quality with zero non-performing assets, down from 0.01% in Q1 2024.
Financial highlights include:
- ROA of 1.93% and ROE of 17.21%
- Net interest margin of 4.16%
- Efficiency ratio improved to 43.63%
- Book value increased 5% to $19.48 since December 2024
- Strong capital position with total risk-based capital at 14.5%