Jd Bancshares Inc Stock Price, News & Analysis

JD Bancshares, Inc. (OTCQX:JDVB) declared a cash dividend of $0.25 per share, set to be paid on May 6, 2022, to shareholders of record on April 29, 2022. The Board of Directors made this decision during their meeting on April 19, 2022. Future dividends will be evaluated quarterly based on various factors including earnings and financial condition. JD Bancshares operates JD Bank, serving southwest Louisiana since 1947 with a range of banking and investment services through its 23 branches.

JD Bancshares (OTCQX:JDVB) announced a $2.5 million share repurchase plan effective until December 31, 2022. This initiative, according to President and CEO Bruce W. Elder, reflects the company's confidence in its continued performance and aims to enhance long-term shareholder value. The repurchase strategy will utilize various methods compliant with SEC regulations and will be influenced by the company's financial position, market conditions, and other strategic factors. The plan can be suspended or stopped at management's discretion.

JD Bancshares, Inc. (OTCQX: JDVB) reported its financial results for Q4 and the full year of 2021. For Q4 2021, net income was $2.98 million ($0.87 per share), down from $3.54 million ($1.03 per share) in Q3 2021 but up from $2.30 million ($0.67 per share) in Q4 2020. Total net income for 2021 was $11.02 million, marking a 52.9% increase year-over-year. Key highlights include a 5.8% year-over-year growth in non-PPP loans, net interest income of $35.7 million, and a robust liquidity position following the issuance of $30 million in new subordinated debt.

JD Bancshares, Inc. (OTCQX:JDVB) has declared a cash dividend of $0.25 per share, scheduled for payment on February 4, 2022. Shareholders of record as of January 29, 2022 will receive this dividend. Future dividends will be assessed quarterly based on factors including earnings and financial condition. JD Bancshares is the holding company for JD Bank, serving southwest Louisiana since 1947 with a range of banking services. The company is listed on the OTCQX Best Market, adhering to high financial and governance standards.

JD Bancshares, Inc. (OTCQX:JDVB) has successfully closed a $30 million private placement of fixed-to-floating rate subordinated notes. The capital will be used to redeem $17.5 million of existing debt at 6.75% and for general corporate needs, including potential share repurchases. The notes, with a maturity date of December 15, 2031, offer a fixed interest rate of 3.75% for the first five years. This financial maneuver is expected to enhance the company's growth strategies without diluting current shareholder equity.

JD Bancshares, Inc. (OTCQX: JDVB) reported a strong financial performance for Q3 2021, with net income reaching $3.54 million or $1.03 per share, marking a 36.5% increase from the previous quarter and a 109% increase year-over-year. For the nine-month period, net income climbed to $8.06 million. The increase was largely driven by higher interest income from the SBA Paycheck Protection Program and effective expense management. Asset quality remains stable with minimal loans past due. The company’s total assets increased to $1.3 billion as of September 30, 2021.

JD Bancshares, Inc. (OTCQX:JDVB) has declared a cash dividend of $0.25 per share, set for payment on November 5, 2021. Shareholders of record as of October 29, 2021 will be eligible. The Board made this decision during its meeting on October 19, 2021, with future dividends contingent on quarterly assessments of earnings and financial health. JD Bancshares is the holding company for JD Bank, which has served southwest Louisiana since 1947 with diverse banking services.

JD Bancshares, Inc. (OTCQX: JDVB), the holding company for JD Bank, participated in the Raymond James 2021 U.S. Bank Conference on September 9, 2021. CEO Bruce W. Elder and CFO Paul E. Brummett, II, engaged with institutional investors during this virtual event. The company's investor presentation is available on their website. JD Bank has been operating in southwest Louisiana since 1947, offering personal and commercial banking services through 23 branches. The firm is listed on the OTCQX Best Market, indicating adherence to high financial standards.

JD Bancshares, Inc. (OTCQX:JDVB) reported strong financial results for Q2 2021, with a net income of $2,593,570, or $1.51 per share, showing increases of 35% quarter-over-quarter and 57% year-over-year. For the six-month period, net income rose 41% to $4,513,549. Operating income for Q2 reached $3,222,715, reflecting a 13% increase. Total assets grew by 6% to $1.4 billion, while non-PPP loan demand improved, increasing by $25 million. However, net interest margin contracted to 2.85% due to high liquidity and low yields on assets.