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) is a financial holding company headquartered in Millersburg, Ohio, operating in the commercial banking sector through its wholly owned subsidiary, The Commercial and Savings Bank. This news page aggregates company-issued updates and market news so readers can review how CSB Bancorp communicates its financial performance and corporate actions over time.
News releases for CSB Bancorp frequently cover quarterly and annual earnings, detailing net income, diluted earnings per share, returns on average assets and equity, net interest income, and net interest margin. These reports often explain how loan growth, changes in loan yields, securities balances, deposit mix, and funding costs have influenced results, as well as how provision for credit loss expense and noninterest income and expense have evolved.
Another recurring theme in CSB Bancorp’s news is its dividend policy. The company regularly announces quarterly cash dividends on its common stock, including the per-share amount, record date, and payment date, and in some cases notes incremental increases in the dividend. Releases also provide context on shareholders’ equity, book value per share, and market valuation.
CSB Bancorp’s updates include commentary from management on economic conditions, local loan demand, and trends in credit quality, such as nonperforming loans, net charge-offs, and the allowance for credit losses. Readers can also find information on developments like the opening of a loan production office in Medina, Ohio, or the status of specific commercial lending relationships in court liquidation.
By following this news feed, users can monitor CSB Bancorp’s reported financial trends, asset quality metrics, capital position, and shareholder distributions, all based on the company’s own public communications and related market coverage.
CSB Bancorp (OTC Pink: CSBB) has declared a fourth quarter cash dividend of $0.40 per share on its common stock, payable December 17, 2024, to shareholders of record as of December 3, 2024. The financial holding company, headquartered in Millersburg, Ohio, reports approximately $1.2 billion in assets as of September 30, 2024. The company operates through its subsidiary, The Commercial and Savings Bank, with sixteen banking centers across multiple Ohio counties, three Trust offices, and a loan production office in Medina.
CSB Bancorp, Inc. (OTC Pink: CSBB) reported third quarter 2024 net income of $3,145,000, or $1.18 per basic and diluted share, compared to $3,481,000, or $1.30 per share, for the same period in 2023. For the nine-month period ended September 30, 2024, net income totaled $7,693,000, a 30% decrease from the previous year. The company's annualized ROE and ROA for the quarter were 11.14% and 1.05%, respectively, down from 13.63% and 1.19% in Q3 2023.
Key highlights include:
- Pre-Provision Net Revenue increased by 2% to $4.60 million
- Net interest income rose by 4%
- Noninterest income increased by 6%
- Noninterest expense grew by 6%
- Loan interest income including fees increased by 15%
- Average earning assets grew by 3% to $31 million
The company declared a third quarter dividend of $0.40 per share, yielding 4.2% based on the September 30, 2024 closing price of $38.50.
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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