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.
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.
JD Bancshares, Inc. (OTCQX:JDVB) announced a 2-for-1 stock split at its board meeting on July 20, 2021, effective as a 100% stock dividend. Shareholders will receive an additional share for every share held as of the record date, with distribution on August 20, 2021. Additionally, a cash dividend of $0.45 per share will be paid on August 6, 2021, to shareholders of record as of July 30, 2021.
CEO Bruce Elder expressed optimism about enhancing market liquidity and future investor engagement.
JD Bancshares, Inc. (OTCQX: JDVB) reported Q1 2021 net income of $1.92 million or $1.12 per share, down from $2.30 million or $1.34 per share in Q4 2020. The decrease was influenced by non-recurring items but showed a 14% rise in pre-tax, pre-provision operating income at $2.85 million. Total deposits increased 6.2% to $1.24 billion, supported by government stimulus and PPP loans. However, stockholders' equity fell $4.6 million due to rising interest rates impacting unrealized gains.
JD Bancshares, Inc. (OTCQX:JDVB) announced a cash dividend of $0.45 per share, payable on May 7, 2021, to shareholders of record as of April 30, 2021. The Board made this decision during a meeting on April 20, 2021. Future dividends will be evaluated quarterly based on earnings and financial condition. JD Bancshares is the holding company for JD Bank, which offers various personal and commercial financial products across southwest Louisiana.
JD Bancshares, Inc. (OTCQX: JDVB) has declared a cash dividend of $0.59 per share, payable on October 9, 2020, to shareholders of record as of October 2, 2020. This decision was made during the Board's meeting on September 22, 2020. The company has acknowledged uncertainties stemming from the COVID-19 pandemic and Hurricane Laura, which may affect future dividend declarations. JD Bancshares, operating since 1947, provides various banking services in Louisiana through its subsidiary, JD Bank.