Welcome to our dedicated page for Dogwood State Ba news (Ticker: DSBX), a resource for investors and traders seeking the latest updates and insights on Dogwood State Ba stock.
Dogwood State Bank (DSBX) is a Raleigh-based community bank providing personalized financial services and small business lending solutions. This page serves as the definitive source for official corporate announcements, financial disclosures, and strategic developments.
Investors and stakeholders will find timely updates including quarterly earnings reports, acquisition announcements, and regulatory filings. Our curated collection features press releases on product innovations, leadership updates, and community initiatives that reflect DSBX's commitment to local banking excellence.
Key content categories include detailed coverage of commercial lending programs, digital banking enhancements, and risk management strategies. Track the bank's progress in merging traditional values with modern financial technology through verified primary sources.
Bookmark this page for direct access to DSBX's evolving story in the community banking sector. Check regularly for authoritative updates that matter to your financial decision-making process.
Dogwood State Bank (OTC: DSBX) reported record Q1 2025 earnings with net income of $7.4 million ($0.39 per diluted share), up from $6.2 million in Q4 2024 and $1.8 million in Q1 2024. The bank's performance showed significant improvements with:
- Net interest margin expansion to 4.20%
- Return on average assets increase to 1.34%
- Efficiency ratio improvement to 59.7%
- Tangible book value per share growth to $11.36
Key financial metrics included net interest income of $21.6 million, non-interest income of $4.8 million, and total assets of approximately $2.29 billion. The bank's asset quality remained strong with nonperforming loans at 0.41% of total loans and an allowance for credit losses at 1.10%.
Dogwood State Bank (OTC: DSBX) reported strong financial results for Q4 and full year 2024. Q4 adjusted net income improved to $6.6 million ($0.35 per diluted share), while full-year adjusted net income reached $18.7 million ($1.12 per diluted share). The bank's net interest margin expanded to 4.13% in Q4 and 3.80% for FY2024.
A significant milestone was the completion of the Community First Bancorporation acquisition on August 1, 2024, adding $682.5 million in total assets and expanding the bank's presence. The transaction was valued at $54.3 million in an all-stock deal.
The bank's asset quality remained strong with nonperforming loans at 0.33% of total loans in Q4. Notable achievements include recognition as the 3rd largest North Carolina SBA lender and 29th largest nationally in FY2024. Total assets reached approximately $2.2 billion, with operations across North Carolina, South Carolina, and Eastern Tennessee.
Dogwood State Bank (DSBX) reported Q3 2024 results, highlighting the completion of Community First Bancorporation acquisition on August 1, 2024. Adjusted net income improved to $6.4 million ($0.36 per diluted share) in Q3 2024, up from $3.1 million in Q2 2024. The bank's net interest margin expanded to 3.93%, while SBA lending income increased to $2.8 million. The Community First acquisition added $682.8 million in total assets and $474.1 million in gross loans. However, GAAP earnings showed a net loss of ($4.8) million due to merger expenses and a one-time provision charge on acquired loans.
Dogwood State Bank (OTCQX: DSBX) reported strong Q2 2024 earnings as it prepares to close its acquisition of Community First Bancorporation on August 1, 2024. Key highlights include:
- Net income grew to $2.7 million in Q2 2024, up from $1.8 million in Q1 2024 and $2.0 million in Q2 2023
- Net interest margin increased to 3.53% in Q2 2024
- SBA lending income rose to $2.7 million in Q2 2024
- Loans held for investment grew by $87.8 million in Q2 2024
- Deposits grew by $35.3 million in Q2 2024
The bank incurred $562,000 in merger and acquisition expenses related to the Community First acquisition. Post-acquisition, Dogwood will have approximately $2.2 billion in assets, $1.7 billion in loans, and $1.8 billion in deposits.
Dogwood State Bank (OTC: DSBX) and Community First Bancorporation (OTC: CFOK) have received all necessary regulatory approvals to finalize their merger. The merger, set to close on August 1, 2024, combines the assets, loans, and deposits of both institutions.
Post-merger, the new entity will possess approximately $2.13 billion in assets, $1.66 billion in loans, and $1.80 billion in deposits based on March 31, 2024, financial data. Regulatory and shareholder approvals were critical steps in this process. The merger aims to enhance value for customers, employees, and shareholders of both organizations.
Shareholders of Dogwood State Bank (OTC: DSBX) and Community First Bancorporation (OTC: CFOK) have approved a merger between the two entities. The merger is expected to close in early Q3 2024, pending regulatory approvals and customary closing conditions. The combined entity will have approximately $2.13 billion in assets, $1.80 billion in deposits, and $1.66 billion in loans as of March 31, 2024. Both companies' leadership expressed enthusiasm about the merger, citing confidence from shareholders and the strategic benefits of the union, which include enhanced market competitiveness and expanded product offerings.
On May 22, 2024, shareholders of Dogwood State Bank (OTC: DSBX) and Community First Bancorporation (OTC: CFOK) approved a merger of Community First with and into Dogwood. The expected closure is early in the third quarter of 2024, pending regulatory approvals. The combined entity will hold around $2.13 billion in assets, $1.80 billion in deposits, and $1.66 billion in loans as of March 31, 2024. Leaders from both banks expressed enthusiasm, highlighting the merger's potential to deliver long-term value, enhance market competitiveness, and benefit customers through expanded services.
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