Welcome to our dedicated page for Jd Bancshares news (Ticker: JDVB), a resource for investors and traders seeking the latest updates and insights on Jd Bancshares stock.
JD Bancshares, Inc. (OTCQX: JDVB) is the bank holding company for JD Bank, a Louisiana state-chartered community bank headquartered in Jennings, Louisiana. News about JDVB frequently centers on JD Bank’s role in commercial banking across south Louisiana, including its lending, deposit, and wealth-related activities.
Company press releases provide detailed quarterly and year-to-date financial results, covering net income, net interest income, non-interest income, non-interest expense, and key performance ratios such as return on average assets, return on average equity, and net interest margin. These updates also describe trends in loan growth, deposit mix, balance sheet composition, and asset quality, including nonperforming assets, non-accrual loans, and the Allowance for Credit Losses.
JD Bancshares, Inc. also issues news on cash dividend declarations for its common stock, noting that dividend decisions are made quarterly based on earnings, financial condition, capital requirements, and other factors. Additional announcements highlight corporate governance developments, such as appointments to the boards of JD Bancshares, Inc. and JD Bank, and emphasize the company’s focus on its communities in south Louisiana.
Investors and observers following JDVB news can expect regular coverage of operating performance, balance sheet changes, loan and deposit trends, mortgage loan sale activity, trust and brokerage revenues, and expense categories such as salaries and benefits, occupancy, data processing, and other non-interest expense. This news stream offers insight into how JD Bancshares, Inc. manages its community banking franchise and its stock listed on the OTCQX Best Market.
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JD Bancshares, Inc. (OTCQX: JDVB) reported its unaudited financial results for Q1 2023, showing a net income of $2.1 million or $0.61 per share, down from $3.4 million or $1.00 per share in Q4 2022. PTPPOI was $4.2 million, reflecting a decline due to rising interest expenses and lower non-interest income. Total net interest income decreased to $10.9 million from $11.3 million linked quarter, attributed to declining average earning assets. Despite a decrease in total deposits by $43.8 million, stockholders' equity rose to $65.8 million. The company reported two investment losses but indicated potential growth from its new locations in Baton Rouge and the Northshore.
JD Bancshares, Inc. (OTCQX:JDVB) has declared a cash dividend of $0.27 per share, payable on May 5, 2023, to shareholders of record on April 28, 2023. This decision was made during the Board's meeting held on April 18, 2023. Future dividends will be evaluated quarterly, taking into account the company's earnings, financial condition, and capital requirements. JD Bancshares is the holding company for JD Bank, established in 1947, offering various banking services in southern Louisiana through 22 branch offices and two additional production offices. The company upholds high financial standards and best corporate governance practices as a member of the OTCQX Best Market.
JD Bancshares, Inc. (OTCQX:JDVB) reported its unaudited financial results for Q4 and FY 2022. Net income for Q4 2022 was $3,492,661 ($1.02 per share), up from $3,388,452 ($0.99 per share) in Q3 2022 and $2,977,469 ($0.87 per share) in Q4 2021. For the full year, net income reached $12,166,756 ($3.56 per share), compared to $11,014,968 ($3.21 per share) in 2021. This growth was driven by a 54.92% increase in pre-tax pre-provision operating income, largely due to higher loan volumes and interest rates. Total assets fell 8.87% to $1.2 billion, impacted by deposit outflows. The bank remains cautiously optimistic about growth despite headwinds in 2023.