CSB Bancorp, Inc. - CSBB STOCK NEWS

Welcome to our dedicated page for CSB Bancorp news (Ticker: CSBB), a resource for investors and traders seeking the latest updates and insights on CSB Bancorp stock.

CSB Bancorp Inc. (symbol: CSBB) is a prominent financial institution based in Ohio, offering a wide range of personal and business banking services. The company operates primarily through its wholly-owned subsidiary, The Commercial & Savings Bank (CSB), which caters to customers in Holmes, Stark, Tuscarawas, and Wayne counties. CSB Bancorp Inc. provides essential banking solutions including checking and savings accounts, time deposits, IRAs, personal and commercial loans, consumer loans, and residential and commercial real estate mortgage loans.

CSB is also known for its comprehensive suite of trust and brokerage services. These services encompass estate settlement, retirement plans, agency accounts, investment management, and estate planning. The bank's dedication to personalized service and community engagement has earned it a reputation as a top employer in Northeast Ohio, recognized by ERC as one of the best places to work in the region.

The bank continues to innovate and adapt to the evolving financial landscape, ensuring that it meets the needs of its customers while maintaining a strong financial position. Its commitment to excellence is reflected in its robust financial condition and strategic partnerships. For more information on CSB Bancorp Inc.'s services and community guidelines, visit their official website.

07/26/2024 04:54 PM

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CSB Bancorp, Inc. Reports Second Quarter Earnings

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CSB Bancorp, Inc. (OTC Pink: CSBB) reported second quarter 2024 net income of $1,615,000, or $0.61 per diluted share, compared to $3,644,000, or $1.36 per diluted share, for the same period in 2023. Net income for the six-month period ended June 30, 2024, decreased by 40% to $4,548,000. The company's ROE and ROA for Q2 2024 were 5.89% and 0.56%, respectively, down from 14.62% and 1.27% in Q2 2023. Key factors affecting performance include:

Pressured net interest margins
Slowed loan demand
Credit deterioration in a $6.4 million commercial lending relationship
Increased allowance for expected credit losses to $10.6 million (1.47% of total loans)
17% increase in loan interest income
62% increase in interest expense

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05/09/2024 04:09 PM

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CSB Bancorp, Inc. Declares Second Quarter Cash Dividend

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CSB Bancorp, Inc., declared a second-quarter cash dividend of $0.39 per share on its common stock, payable on June 18, 2024. The company, with assets of $1.2 billion, offers banking and financial services through its subsidiary, The Commercial and Savings Bank, across multiple locations.

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05/09/2024 04:09 PM

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CORRECTING and REPLACING CSB Bancorp, Inc. Declares Second Quarter Cash Dividend

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CSB Bancorp, Inc. declared a second quarter cash dividend of $0.39 per share, payable on June 18, 2024, to shareholders of record as of June 4, 2024. The company is a financial holding firm with around $1.2 billion in assets, providing various financial services through its subsidiary, The Commercial and Savings Bank.

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04/23/2024 04:15 PM

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CSB Bancorp, Inc. Reports First Quarter Earnings

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CSB Bancorp, Inc. (CSBB) reported a decrease in net income for the first quarter of 2024 compared to the same period in 2023. The company's diluted earnings per share and return on average common equity and assets also declined. Despite challenges from a high-interest rate environment, the bank maintained its net interest margin and monitored credit conditions. Loan balances and interest income increased, while noninterest expense rose. The provision for credit losses on loans and off-balance sheet commitments also increased. The company's efficiency ratio and tax expense decreased, with an increase in average earning assets driven by loans. Nonperforming assets and delinquent loan balances slightly increased, while net loan charge-offs decreased. Average deposit balances and costs increased, with a first-quarter dividend declared. Overall, CSB Bancorp faced challenges but maintained stability in key financial metrics.

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02/07/2024 04:15 PM

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CSB Bancorp, Inc. Declares First Quarter Cash Dividend

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CSB Bancorp, Inc. (CSBB) has declared a first quarter cash dividend of $0.39 per share on its common stock, representing a $0.01 increase. The financial holding company has approximate assets of $1.2 billion as of December 31, 2023, and provides banking and financial services through its subsidiary, The Commercial and Savings Bank, with sixteen banking centers and trust offices in Ohio. Shareholders of record as of March 5, 2024, will receive the dividend on March 19, 2024.

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01/23/2024 04:15 PM

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CSB Bancorp, Inc. Reports Fourth Quarter Earnings

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CSB Bancorp, Inc. (OTC Pink: CSBB) reported fourth quarter 2023 net income of $3,697,000, or $1.38 per basic and diluted share, compared to $3,753,000, or $1.39 per basic and diluted share, for the same period in 2022. For the twelve-month period ended December 31, 2023, net income totaled $14,756,000 compared to $13,313,000 for the same period last year, an increase of 11%. CSB's capital and liquidity levels are strong, with deposit base holding steady at more than $1 billion throughout 2023, and loan balances growing by 12%. The company's return on assets, return on equity, net interest margin, and efficiency ratio all improved from the third quarter to the fourth quarter, with full year 2023 results also showing improvements in each of those key metrics compared to the prior year.

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11/02/2023 01:23 PM

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CSB Bancorp, Inc. Declares Fourth Quarter Cash Dividend

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CSB Bancorp, Inc. declares a fourth quarter cash dividend of $0.38 per share on its common stock, payable on December 19, 2023. The company has approximate assets of $1.2 billion as of September 30, 2023. CSB provides banking and financial services through its subsidiary, The Commercial and Savings Bank, with banking centers in multiple counties.

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10/24/2023 02:17 PM

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CSB Bancorp, Inc. Reports Third Quarter Earnings

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CSB Bancorp reports third quarter 2023 net income of $3,481,000, an increase of 16% compared to the same period last year. Diluted earnings per share decreased from $1.35 to $1.30. Return on average common equity and return on average assets also decreased compared to the previous year. Loan interest income increased by $2.5 million, or 37%, due to rate increases and an increase in average loan volume. Interest expense rose by $2.3 million, or 383%, following rapid interest rate increases. Noninterest income increased by $30 thousand, or 2%. Noninterest expense increased by 2%. The efficiency ratio decreased to 57.0% from 57.9% in the prior year. Average earning assets increased by less than 1%. Nonperforming assets decreased from 0.11% to 0.04% of total loans. The allowance for expected credit losses decreased from 1.15% to 0.98% of total loans. Average deposit balances declined slightly. Shareholders' equity totaled $101 million.

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08/03/2023 01:47 PM

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CSB Bancorp, Inc. Declares Third Quarter Cash Dividend

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CSB Bancorp, Inc. (CSBB) declares a third quarter cash dividend of $0.38 per share on its common stock, payable on September 19, 2023. The financial holding company, with approximate assets of $1.1 billion as of June 30, 2023, provides banking and financial services through its subsidiary, The Commercial and Savings Bank, with sixteen banking centers in Ohio.

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07/25/2023 04:59 PM

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CSB Bancorp, Inc. Reports Second Quarter Earnings

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FAQ

What services does CSB Bancorp Inc. offer?

CSB Bancorp Inc. offers personal and business banking services, including checking and savings accounts, loans, and trust services.

Where does CSB Bancorp Inc. operate?

CSB Bancorp Inc. primarily serves customers in Holmes, Stark, Tuscarawas, and Wayne counties in Ohio.

What types of loans are available at CSB Bancorp Inc.?

CSB Bancorp Inc. offers personal loans, commercial loans, consumer loans, residential and commercial real estate mortgage loans, and installment loans.

Does CSB Bancorp Inc. provide trust services?

Yes, CSB Bancorp Inc. offers trust services including estate settlement, retirement plans, agency accounts, investment management, and estate planning.

How has CSB Bancorp Inc. been recognized as an employer?

CSB Bancorp Inc. has been recognized by ERC as one of Northeast Ohio's best places to work.

Where can I find more information about CSB Bancorp Inc.'s community guidelines?

You can find more information about CSB Bancorp Inc.'s community guidelines on their official website at https://www.csb1.com/csb-social-media-community-guidelines.

What makes CSB Bancorp Inc. stand out in the financial sector?

CSB Bancorp Inc. stands out due to its comprehensive service offerings, strong community presence, and recognition as a top employer in Northeast Ohio.

Is CSB Bancorp Inc. involved in any recent projects or partnerships?

CSB Bancorp Inc. continues to innovate and adapt to the financial landscape, maintaining strategic partnerships and projects to better serve their customers.

How can I contact CSB Bancorp Inc. for their services?

You can contact CSB Bancorp Inc. through their official website or visit one of their branches in Holmes, Stark, Tuscarawas, and Wayne counties.

What are the core business operations of CSB Bancorp Inc.?

The core business operations of CSB Bancorp Inc. include personal and business banking services, trust and brokerage services, and various loan offerings.