blueharbor bank Announces Cash Dividend
Rhea-AI Summary
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
Positive
- Special cash dividend of $0.25 per share announced
- Strong capital position indicated by ability to pay dividend
- Strong earnings performance mentioned by CEO
- Potential for additional special dividends in the future
Negative
- No regular dividend policy established
- Future special dividends are uncertain and not guaranteed
News Market Reaction
On the day this news was published, BLHK gained 4.33%, reflecting a moderate positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
Forward-Looking Statement:
This press release contains forward-looking statements. Words such as "anticipates," "believes," "estimates," "expects," "intends," "should," "will," variations of such words and similar expressions are intended to identify forward-looking statements. These statements reflect management's current beliefs as to the expected outcomes of future events and are not guarantees of future performance. These statements involve certain risks, uncertainties and assumptions that are difficult to predict with regard to timing, extent, likelihood and degree of occurrence. As such, actual results and outcomes may materially differ from what may be expressed or forecast in such forward-looking statements. Factors that could cause a difference include, among others: changes in the national and local economies or market conditions; changes in interest rates, deposit levels, loan demand and asset quality, including real estate and other collateral values; changes in banking regulations and accounting principles, policies or guidelines; and the impact of competition from traditional or new sources. These and other factors that may emerge could cause decisions and actual results to differ materially from current expectations. blueharbor bank takes no obligation to revise, update, or clarify forward-looking statements to reflect events or conditions after the date of this press release.
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SOURCE blueharbor bank
FAQ
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