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JD Bancshares, Inc. reports recurring developments as the OTCQX-traded bank holding company for JD Bank, a Louisiana state-chartered bank serving south Louisiana. Company news centers on quarterly earnings, net interest income, non-interest income, loan and deposit trends, credit-related items, and service-charge, debit-card, trust, and brokerage revenue.
Updates also cover cash dividends on the company's common stock, board appointments and succession matters, and the bank's delivery of personal and commercial lending and deposit products through branch, production-office, and digital channels along the I-10 and I-12 corridors.
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.