Welcome to our dedicated page for Jeffersonvi Ord news (Ticker: JFBC), a resource for investors and traders seeking the latest updates and insights on Jeffersonvi Ord stock.
Jeffersonville Bancorp (JFBC) is a one-bank holding company for Jeff Bank, a commercial bank with ten full-service branches in Sullivan and Orange County, New York. The JFBC news feed on this page aggregates the company’s public announcements, giving investors and observers direct access to its latest disclosures and management commentary.
Most news items center on quarterly and full-year earnings results, where Jeffersonville Bancorp details net income, earnings per share, and the factors influencing performance. These releases discuss changes in loan interest and fees, interest expense, securities and other interest income, non-interest income, and non-interest expense, along with provisions for credit losses and income tax expense. Management often explains how loan growth, core funding costs, and the interest rate environment have affected results.
The company also issues frequent announcements about cash dividends and special cash dividends on its common stock. These news releases specify dividend amounts, record dates, and payment dates, and link dividend decisions to higher loan interest income, solid credit quality, low core funding costs, and what the company describes as strong capital and profitability metrics.
In addition to financial updates, Jeffersonville Bancorp occasionally reports corporate governance and personnel developments, such as director resignations and retirements of long-serving executives at Jeff Bank. These items provide insight into leadership changes and the bank’s long history of community involvement.
By following this news page, readers can review Jeffersonville Bancorp’s official statements on earnings, dividends, funding structure, capital ratios, and strategic themes as they are released, using the company’s own words to understand its commercial banking operations and community banking footprint.
Jeffersonville Bancorp (OTCQB: JFBC) announced the resignation of Director Philip Coombe, III from the boards of Jeffersonville Bancorp and its subsidiary, Jeff Bank, effective immediately. Coombe, who joined the board in 2012, served on all Jeff Bank committees and was the standing Chairman of the Asset and Liability and Compliance Committees. He is stepping down due to expanding business and professional obligations.
George W. Kinne, Jr., President and CEO, expressed gratitude for Coombe's dedication and support over the past 12 years. Jeffersonville Bancorp is a one-bank holding company that owns all capital stock of Jeff Bank, which operates ten full-service branches in Sullivan and Orange County, New York.
Jeffersonville Bancorp (OTCQB: JFBC) reported second quarter net income of $3,031,000 or $0.72 per share, down from $3,196,000 or $0.75 per share in Q2 2023. The decrease was mainly due to increased provision expense, interest expense, and salaries. Year-to-date net income as of June 30, 2024, was $5,584,000 or $1.32 per share, compared to $5,856,000 or $1.38 per share in 2023. Despite challenges, the company maintained stable net interest income, with higher loan rates offsetting increased interest expenses. The bank's low-cost deposit base and strong liquidity position it favorably among peers. A cash dividend of $0.15 per share was declared, payable on September 6, 2024.
Jeffersonville Bancorp (OTCQB: JFBC) reported first-quarter net income of $2,553,000 or $0.60 per share for 2024, down from $2,660,000 or $0.63 per share in Q1 2023. The $107,000 decrease was due to rises in various expenses, including interest expense ($743,000), credit loss provision ($288,000), and salaries ($132,000). Offsetting these were increases in non-interest income ($481,000), loan interest and fees ($450,000), and other interest income ($254,000), along with a $31,000 reduction in tax expenses. Despite the challenges, CEO George W. Kinne, Jr. emphasized the company's stable balance sheet and favorable earnings relative to peers. The board declared a dividend of $0.15 per share, payable on June 6, 2024, to shareholders of record as of May 28, 2024.
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JEFFERSONVILLE, N.Y., Feb. 14, 2023 – Jeffersonville Bancorp (OTCQB - JFBC) reported a fourth quarter net income of $2,803,000 ($0.66 per share), a notable increase from $1,442,000 ($0.34 per share) in Q4 2021. Year-to-date net income reached $9,304,000 ($2.20 per share) compared to $5,944,000 ($1.40 per share) in 2021. Key contributing factors included increased loan interest, securities income, and other fees, despite rising tax expenses and a drop in net gains on securities. A cash dividend of $0.15 per share was declared, payable on March 6, 2023. The CEO highlighted that the company is well-positioned despite rising risks due to competitive pressures on deposits.
JEFFERSONVILLE, N.Y., Jan. 10, 2023 (GLOBE NEWSWIRE) -- Jeffersonville Bancorp (OTCQB - JFBC) has declared a special cash dividend of $0.10 per share on common stock, effective January 31, 2023, for stockholders on record as of January 24, 2023. The company's strong performance in 2022 was driven by solid loan growth and favorable funding costs, enhanced by Federal Reserve rate hikes. President and CEO George W. Kinne, Jr. expressed confidence in rewarding shareholders due to the positive results and robust capital position.