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CSB Bancorp, Inc. - CSBB STOCK NEWS

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

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect CSB Bancorp's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

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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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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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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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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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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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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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CSB Bancorp, Inc.

OTC:CSBB

CSBB Rankings

CSBB Stock Data

99.48M
2.49M
6.33%
2.71%
Commercial Banking
Finance and Insurance
Link
United States
Millersburg

About CSBB

the commercial & savings bank (csb) offers comprehensive personal and business banking services as well as trust and brokerage services. its retail and business banking services include checking and savings accounts, time deposits, iras, safe deposit facilities, personal loans, commercial loans, consumer loans, residential real estate mortgage loans, commercial real estate mortgage loans, installment loans, and night depository facilities. the bank’s trust services include estate settlement, retirement plans, agency accounts, investment management, and estate planning services. it offers services primarily to customers located in holmes, stark, tuscarawas, and wayne counties in ohio. csb is a top employer in our region! we are proud to be recognized by erc as one of northeast ohio's best places to work! visit https://www.csb1.com/csb-social-media-community-guidelines for csb's social media community guidelines, terms of use.