Welcome to our dedicated page for Exchange Bank news (Ticker: EXSR), a resource for investors and traders seeking the latest updates and insights on Exchange Bank stock.
Exchange Bank (EXSR) delivers essential financial services through retail banking, commercial lending, and digital platforms. This news hub provides investors and stakeholders with timely updates on the institution's strategic developments and market position.
Access verified press releases and financial disclosures covering earnings reports, regulatory compliance updates, and service expansions. Our curated collection simplifies tracking EXSR's performance in the evolving banking sector.
Discover updates on loan portfolio management, digital innovation initiatives, and community banking programs. Content spans quarterly financial results, leadership announcements, and partnership developments critical for informed decision-making.
Bookmark this page for streamlined access to EXSR's official communications. Combine regular monitoring with independent research to maintain current understanding of the bank's operations and industry standing.
On May 17, 2024, Exchange Bank declared a quarterly cash dividend of $1.30 per share on common stock to shareholders of record by June 7, 2024. The payment date is June 21, 2024. Notably, 50.44% of the dividend, amounting to approximately $1.12 million, will support the Doyle Trust, which funds scholarships at Santa Rosa Junior College.
Exchange Bank (OTC: EXSR) reported net income after taxes of $4.9 million for the first quarter of 2024. Loan balances increased by $68.3 million since March 31, 2023, with strong loan quality and a total risk-based capital ratio of 18.97%. The bank's net interest income decreased by 17.96% due to higher funding costs, while non-interest income decreased slightly. Total assets remained stable at $3.33 billion, with a well-diversified loan portfolio. Deposits decreased by $109.8 million, with strategic decisions made to maintain core deposit relationships in a competitive market.
FAQ
What is the current stock price of Exchange Bank (EXSR)?
What is the market cap of Exchange Bank (EXSR)?
