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JD BANCSHARES INC - JDVB STOCK NEWS

Welcome to our dedicated news page for JD BANCSHARES (Ticker: JDVB), a resource for investors and traders seeking the latest updates and insights on JD BANCSHARES.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect JD BANCSHARES's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of JD BANCSHARES's position in the market.

News
JD Bancshares, Inc. Reports Financial Results for Quarter Ended March 31, 2024
Rhea-AI Summary
JD Bancshares, Inc. reported strong financial results for the quarter ended March 31, 2024, with a net income of $3.65 million compared to a net loss in the previous quarter. The company's pre-tax, pre-provision operating income decreased due to higher interest expenses. The company remains optimistic about loan demand and plans to focus on higher-earning assets to offset funding costs.
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JD Bancshares, Inc. Declares Cash Dividend
Rhea-AI Summary
JD Bancshares, Inc. declares a cash dividend of $0.29 per share to be paid on May 10, 2024, to shareholders of record on May 3, 2024. Future dividends are determined quarterly based on earnings, financial condition, and other factors.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
22.39%
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dividends
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JD Bancshares, Inc. Reports Financial Results for Three and Twelve-Month Periods Ended December 31, 2023
Rhea-AI Summary
JD Bancshares, Inc. reports unaudited financial results for the three and twelve-month periods ended December 31, 2023, showing a net loss for the three-month period, impacted by after-tax losses on the sale of securities. Pre-tax, pre-provision operating income declined due to increased non-interest expenses and declining non-interest income. However, net income for the twelve-month period was positively impacted by higher interest rates on earning assets, although funding costs created a declining trend in the second half of 2023. Management actions taken in the fourth quarter related to investments are expected to better prepare the Company for a successful 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.28%
Tags
earnings
News
JD Bancshares, Inc. Declares Cash Dividend
Rhea-AI Summary
JD Bancshares, Inc. (OTCQX:JDVB) declared a cash dividend of $0.29 per share at its January 23, 2024, board meeting. The dividend will be paid on February 9, 2024, to shareholders of record on February 2, 2024. Future dividends will be determined quarterly based on earnings, financial condition, and capital requirements.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.08%
Tags
dividends
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News
JD Bancshares, Inc. Announces Securities Portfolio Repositioning
Rhea-AI Summary
JD Bancshares, Inc. (JDVB) announced the completion of a strategic securities transaction by its subsidiary, JD Bank, involving the sale of $54.7 million of lower-yielding US Treasury securities, resulting in an estimated pre-tax loss of $6.6 million. The net proceeds will be reinvested into higher-yielding earning assets with an expected average yield of approximately 6.67%, aiming to recover the loss in 2.8 years. The Company's strong capital position enabled this proactive portfolio repositioning to potentially generate significant future earnings and mitigate interest rate risk in 2024.
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JD Bancshares, Inc. Reports Financial Results for Q3 2023
Rhea-AI Summary
JD Bancshares, Inc. reports unaudited financial results for Q3 2023. Net income is $3.5M, reflecting a small decline compared to the linked quarter. PTPPI for the current quarter is $4.1M, lower than the linked and prior year quarters. For the nine-month period, net income is $8.8M, with a 28% increase in PTPPI. The Company expects interest rates to remain elevated and a recession in 2024 is likely.
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JD Bancshares, Inc. Declares Cash Dividend
Rhea-AI Summary
JD Bancshares, Inc. (OTCQX:JDVB) announces cash dividend of $0.27 per share on November 9, 2023.
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JD Bancshares, Inc. Announces Improved Financial Results for Q2 2023
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Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.79%
Tags
earnings
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News
JD Bancshares, Inc. Declares Cash Dividend
Rhea-AI Summary
JD Bancshares, Inc. announced a cash dividend of $0.27 per share to be paid on August 4, 2023. The dividend is determined quarterly based on earnings, financial condition, and other factors.
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JD Bancshares, Inc. Reports Financial Results for Q1 2023
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JD BANCSHARES INC

OTC:JDVB

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JDVB Stock Data

80.36M
2.68M
Commercial Banking
Finance and Insurance
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United States of America
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