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 (CSBB) delivers community-focused banking services across Northeast Ohio, combining personal/commercial banking with specialized trust solutions. This news hub provides investors and stakeholders with centralized access to official announcements and financial developments.
Find timely updates on earnings reports, leadership changes, product launches, and community initiatives. Our curated collection includes press releases covering commercial lending expansions, trust service enhancements, and CSBB's role in regional economic growth.
Key focus areas include mortgage rate adjustments, business loan program updates, and financial literacy partnerships within Holmes, Stark, Tuscarawas, and Wayne counties. Bookmark this page to monitor CSBB's performance indicators and strategic decisions impacting Ohio's banking landscape.
CSB Bancorp, Inc. (OTC Pink: CSBB) has declared a third quarter cash dividend of $0.40 per share on its common stock, payable September 17, 2024, to shareholders of record as of September 3, 2024. This represents a $0.01 increase in the quarterly cash dividend. CSB Bancorp is a financial holding company headquartered in Millersburg, Ohio, with approximate assets of $1.2 billion as of June 30, 2024. The company provides banking and financial services through its subsidiary, The Commercial and Savings Bank, with sixteen banking centers in Ohio counties and additional trust offices and a loan production office.
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
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.
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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