Welcome to our dedicated page for Blueharbor Bk news (Ticker: BLHK), a resource for investors and traders seeking the latest updates and insights on Blueharbor Bk stock.
blueharbor bank (OTCQX: BLHK) is a commercial bank headquartered in Mooresville, North Carolina, with branches in Statesville and Mount Airy and loan production offices in Belmont and Hickory, as described in its earnings releases. This news page aggregates the bank’s publicly released updates, giving readers a single place to review its reported financial performance and corporate actions.
The bank’s news flow centers on quarterly and annual earnings announcements, which provide details on net income, diluted earnings per share, net interest income, noninterest income, noninterest expense, and key performance ratios such as return on average assets (ROA), return on average equity (ROE), net interest margin, efficiency ratio, and overhead ratio. These releases also discuss trends in total assets, gross loans, total deposits, shareholders’ equity, and book value per share.
In addition to earnings, blueharbor bank issues press releases about special cash dividends declared by its Board of Directors, including the per-share amount, record date, and payment date. Some releases also describe developments such as the opening of a full-service branch in Mount Airy, changes in core software providers affecting data processing expenses, and regulatory approval for a share repurchase program.
Investors and observers can use this news page to review how blueharbor bank presents its asset quality, including nonperforming assets to total assets ratios, and its capital position through total risk-based capital and related measures. For ongoing monitoring of BLHK, this page offers a chronological view of the bank’s reported results, dividends, and other notable announcements drawn directly from its press releases.
blueharbor bank (OTCQX: BLHK) announced a special dividend of $0.20 per share, payable on July 5, 2024, to shareholders of record as of June 27, 2024. President and CEO Jim Marshall highlighted the bank's strong capital and earnings as key factors enabling this dividend. He also hinted at the possibility of future special dividends.
blueharbor bank reported a net income of $1,336,608 and $0.44 per diluted share for the first quarter of 2024, a decrease of 36% compared to the same period in 2023. Total assets and gross loans increased, while capital levels and asset quality remained strong. However, net interest income decreased, with a significant increase in the cost of funds. The bank saw an increase in provision for credit losses and a decrease in noninterest income. Noninterest expenses rose due to higher salaries and employee benefits.
Summary not available.
Summary not available.
Summary not available.
blueharbor bank reported a robust net income of
blueharbor bank reported a net income of $2,046,022 and $0.68 per diluted share for Q4 2022, marking a 66% increase year-over-year.
For 2022, net income reached $6,903,187, a 43% growth from 2021. Total assets dipped to $406.4 million, while gross loans surged by 17% to $335.5 million.
Despite a 2% decrease in total deposits, noninterest-bearing deposits rose by 13%. The bank's asset quality remained strong, with non-performing assets at 0.02% of total assets.
Net interest income increased by 40% for Q4 and 33% for the year.
blueharbor bank reported a net income of $1,992,441 ($0.66 per diluted share) for Q3 2022, a 45% increase from Q3 2021. Year-to-date, net income reached $4,857,165 ($1.60 per diluted share), up 35%. Total assets grew to $418.6 million, and gross loans increased by $37.5 million to $323.8 million. Non-performing assets comprised only 0.02% of total assets, with strong capital levels reported. Net interest income rose 31% to $3,844,390, while noninterest income increased to $677,684. However, noninterest expenses also grew by 10% year-over-year.
blueharbor bank reported a significant net income of $1,597,991 for Q2 2022, marking a 50% increase compared to Q2 2021. For the first half of 2022, net income reached $2,864,724, up 29% year-over-year. Total assets expanded to $423.1 million, reflecting a 3% increase since year-end 2021. Gross loans also rose to $311.4 million, revealing an 18% increase from June 2021. Despite a rise in noninterest expense to $1,941,414, the bank remains capitalized with total risk-based capital at 13.6%.
blueharbor bank (OTC-PINK: BLHK) reported a net income of $1,266,733 ($0.42 per diluted share) for Q1 2022, up 9% from $1,157,275 ($0.38) in Q1 2021. The bank's total assets reached $443.4 million, rising 8% from $410.8 million. Gross loans increased to $301.4 million, with organic loan growth at 24%. Total deposits also grew by 9% to $399.4 million. Despite strong asset quality and solid capital levels, the bank noted potential challenges due to inflation and rising interest rates.