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, Inc. (OTC Pink: CSBB) reported a strong financial performance for the first quarter of 2021, achieving a net income of $2,885,000, or $1.05 per share, compared to $2,483,000, or $0.91 per share in the same period of 2020. The annualized return on average common equity improved to 12.33%, while the return on average assets was 1.10%. Net interest income and noninterest income totaled $8.9 million, up $627 thousand year-over-year. While credit quality remains stable, the net interest margin declined to 2.85% from 3.67% in the prior year.
CSB Bancorp, Inc. (OTC Pink: CSBB) has declared a first-quarter cash dividend of $0.30 per share on its common stock, marking a $0.01 increase from the previous quarter. The dividend is scheduled for payment on April 20, 2021 to shareholders of record as of April 6, 2021. CSB Bancorp, based in Millersburg, Ohio, operates as a $1.1 billion financial holding company, providing a comprehensive range of banking services through its subsidiary, The Commercial and Savings Bank, which has sixteen locations across Ohio.
CSB Bancorp (OTC Pink: CSBB) reported a net income of $2.679 million for Q4 2020, an increase from $2.593 million in Q4 2019, translating to a diluted EPS of $0.97. Despite a 25% rise in average total assets to $1 billion, return on equity and return on assets saw declines to 11.45% and 1.05%, respectively. The bank experienced a 10% increase in noninterest expense, largely attributed to salary hikes. The efficiency ratio rose to 59.8%. CSB facilitated over $92 million in PPP loans and continues to support borrowing needs despite challenges from the COVID-19 pandemic.