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. 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.
CSB Bancorp, Inc. (OTC Pink: CSBB) reported strong first quarter 2023 results, with net income of $3,934,000 or $1.46 per share, compared to $2,701,000 or $0.99 per share in Q1 2022. This represents a 46% rise in net income year-over-year. Key performance indicators include a 16.39% return on equity (ROE) and 1.39% return on assets (ROA). Net interest income grew by 31% to $10.6 million, driven by a 38% increase in loan interest income. Despite a 341% rise in interest expense to $1.3 million, the net interest margin improved to 3.37%. The company declared a dividend of $0.36 per share, offering a 3.8% annual yield. However, challenges such as anticipated economic slowing and competitive funding pressures remain.
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