Welcome to our dedicated page for Commun Bncp Vt news (Ticker: CMTV), a resource for investors and traders seeking the latest updates and insights on Commun Bncp Vt stock.
Community Bancorp Vermont (CMTV) provides essential financial services through its Community National Bank subsidiary, serving Vermont and New Hampshire since 1851. This news hub offers investors and community members timely updates about the bank's operations, financial health, and local impact.
Access verified information including quarterly earnings reports, regulatory filings, and community development initiatives. Our curated collection features official press releases about product launches, leadership changes, and strategic partnerships that shape regional banking services.
Key updates cover loan portfolio growth, deposit rate changes, and technology investments enhancing customer experience. Track the bank's responses to economic trends while maintaining its commitment to personalized community banking principles.
Bookmark this page for direct access to CMTV's latest developments. For comprehensive understanding of regional banking dynamics, combine these updates with our analysis of market trends affecting community financial institutions.
Community Bancorp. (OTCQX:CMTV) reported strong Q1 2025 financial results with earnings of $3.5 million ($0.62 per share), marking a significant 24.89% increase from Q1 2024's $2.8 million. Total assets reached $1.19 billion, showing an 8.2% year-over-year growth despite a quarterly decrease.
Key highlights include:
- Loan portfolio growth of $73.9 million (8.53% YoY)
- Deposit increase of $96 million (10.85% YoY)
- Net interest income up 12.93% to $9.4 million
- Book value per share improved to $18.05
The securities portfolio decreased 6.81% to $168.3 million, with unrealized losses improving to $13.4 million from $17.4 million year-over-year. The company declared a quarterly cash dividend of $0.24 per share, payable May 1, 2025.
Community Bancorp (OTCQX:CMTV) reported Q4 2024 earnings of $4.1 million ($0.73 per share), up 15.98% from Q4 2023's $3.5 million ($0.64 per share). Full-year 2024 earnings were $12.8 million ($2.28 per share), down 4.97% from 2023's $13.4 million ($2.43 per share).
Total assets reached $1.25 billion, a 13.61% increase from 2023, driven by loan growth of $82.5 million (9.8%) and increased cash equivalents of $90.5 million (442.9%). Net interest income for Q4 2024 was $9.5 million, up 5.83% year-over-year, while full-year net interest income grew 1.23% to $34.6 million.
The company declared a quarterly cash dividend of $0.24 per share, payable February 1, 2025. Book value per share increased to $17.24 as of December 31, 2024, compared to $15.87 in 2023.
Community Bancorp and Community National Bank announced leadership changes effective January 1, 2025. Christopher L. Caldwell, 59, will be promoted to President and CEO of both entities, succeeding Kathy Austin, who will retire as President and CEO on December 31, 2024, but remain on both boards.
Caldwell, who has served as Vice President of Community Bancorp and President of Community National Bank since January 2024, brings extensive banking experience. His previous roles include Executive Vice President and Chief Lending Officer at the Bank, and senior positions at Northwest Bank and MutualBank in Indiana.
Community National Bank, established in 1851, operates offices across Vermont and maintains Loan Production Offices in Burlington and Lebanon, NH.
Community Bancorp. (OTCQX:CMTV) reported Q3 2024 earnings of $3.1 million or $0.55 per share, down 7.38% from Q3 2023. Year-to-date earnings for 2024 are $8.7 million or $1.55 per share, a 12.45% decrease from 2023. Total assets reached $1.2 billion, up $78 million from year-end 2023. The loan portfolio grew by 8.84% year-over-year, while deposits increased by 3.15%. Net interest income for Q3 2024 rose 2.75% to $8.7 million. Non-interest income increased by 17.24% to $2 million in Q3 2024. The company declared a quarterly cash dividend of $0.24 per share, a 4.3% increase from the previous level.
Community Bancorp. (OTCQX:CMTV) reported Q2 2024 earnings of $2.7 million ($0.49 per share), down 14.65% from Q2 2023. Year-to-date earnings for 2024 are $5.6 million ($0.99 per share), a 15.06% decrease from the previous year. Total assets remained at $1.1 billion, with loan portfolio growth of 10.40% compared to Q2 2023.
The company's securities portfolio decreased by 6.53% to $174.4 million. Net interest income for Q2 2024 decreased by 2.03% to $8.1 million. The provision for credit losses increased to $331,582 in Q2 2024. Non-interest income decreased by 3.59% to $1.77 million, while non-interest expenses increased by 6.95%.
Community Bancorp. declared a quarterly cash dividend of $0.23 per share and approved a stock repurchase program for up to 5% of outstanding Common Stock (275,000 shares).
Community Bancorp recently held its Annual Shareholders' meeting, where shareholders re-elected five directors to three-year terms and ratified BerryDunn as the external auditor for 2024.
CEO Kathy Austin reported solid financial growth in 2023 and Q1 2024, highlighting a 7% year-over-year increase in total assets, reaching $1.11 billion by March 31, 2024.
The bank saw growth in its loan portfolio and deposit base, particularly time deposits, leading to a quarterly dividend raise in 2023. President Christopher Caldwell noted lending growth across all commercial loan segments despite higher interest rates.
The bank's strong market position allows for seizing opportunities emerging from industry consolidation. Executive VP and CFO Louise Bonvechio reviewed recent financial results, underscoring the bank's consistent performance and community banking principles.
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