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 (OTC: EXSR) is a full-service community bank headquartered in Sonoma County, California, and founded in 1890. This news page aggregates company-issued updates and announcements so readers can follow how the bank communicates about its operations, people, and community role. Because Exchange Bank operates in commercial banking and provides personal, commercial, and trust and investment management services, its news often highlights both financial performance and regional engagement.
Visitors can expect earnings announcements, such as quarterly results where the bank discusses net income, net interest income, non-interest income, loan growth, deposit trends, liquidity, and capital ratios. These releases provide insight into Exchange Bank’s balance sheet, loan portfolio composition, and funding mix, as well as commentary on asset quality and regulatory capital levels.
The news flow also includes dividend declarations by the Board of Directors on common stock outstanding. These updates often note that a significant portion of cash dividends is directed to the Doyle Trust, which funds the Doyle Scholarships at Santa Rosa Junior College, illustrating how shareholder distributions connect to educational philanthropy.
In addition, Exchange Bank regularly publishes leadership and personnel announcements, including appointments and promotions in branch management, commercial lending, marketing, finance, and risk management. These stories emphasize employee development, community involvement by key staff, and alignment with the bank’s values of commitment, respect, integrity, and teamwork.
Readers interested in a community-focused financial institution with a regional footprint in Sonoma County, Roseville, Marin County, and Silicon Valley can use this page to follow Exchange Bank’s reported financial results, dividend actions, and organizational developments over time.
Exchange Bank has declared a quarterly cash dividend of $1.30 per share on common stock, payable on December 13, 2024, to shareholders of record as of November 29, 2024. Notably, 50.44% (approximately $1.12 million) of the dividend will be directed to the Doyle Trust, which supports Doyle Scholarships at Santa Rosa Junior College.
Exchange Bank (OTC: EXSR) reported Q3 2024 net income of $4.9 million, down from $6.3 million in Q3 2023. Year-to-date net income through September 2024 reached $15.0 million, up from $13.4 million in the same period of 2023. The bank maintains strong liquidity with $817.1 million in on-balance sheet assets (23.95% of total assets) and $1.00 billion in available borrowing capacity. Total assets stood at $3.41 billion, with loans at $1.60 billion showing strong quality metrics. The bank remains well-capitalized with a total risk-based capital ratio of 19.43% and maintains solid deposit base of $2.82 billion.
Exchange Bank has declared a quarterly cash dividend of $1.30 per share on common stock outstanding. The dividend will be paid on September 20, 2024, to shareholders of record as of September 6, 2024. Notably, 50.44% of the Bank's cash dividend, approximately $1.12 million, will be allocated to the Doyle Trust, which funds the Doyle Scholarships at Santa Rosa Junior College. This declaration demonstrates Exchange Bank's commitment to providing value to its shareholders while also supporting local education initiatives.
Exchange Bank (OTC: EXSR) reported net income after taxes of $5.2 million for the second quarter of 2024, up from $4.9 million in Q1 2024. Key highlights include:
- Strong on-balance sheet liquidity at $715.1 million (21.6% of total assets)
- Available borrowing capacity of $1.03 billion (31.2% of total assets)
- Loan balances increased by $52.1 million (3.4%) year-over-year
- Loan quality remains strong with nonaccrual loans at 0.25% of gross loans
- Well-capitalized with a total risk-based capital ratio of 19.11%
The Bank's net interest income decreased by 10.9% year-over-year due to increased funding costs. However, interest income on assets rose by 9.40% compared to H1 2023. The net interest margin for H1 2024 was 2.61%, down from 3.06% in H1 2023.
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.
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