Welcome to our dedicated page for JEFFERSONVILLE BANCORP news (Ticker: JFBC), a resource for investors and traders seeking the latest updates and insights on JEFFERSONVILLE BANCORP stock.
Jeffersonville Bancorp reports news as a one-bank holding company that owns Jeff Bank, a community bank with full-service branches in Sullivan and Orange County, New York. Company updates center on quarterly and annual earnings, common-stock dividend declarations, special cash dividends, and operating trends in Jeff Bank's loan interest and fees, securities income, funding costs, non-interest expense, tax expense, and credit-loss provision.
Recurring announcements also describe balance-sheet and capital themes, including core funding costs, liquidity, loan growth, securities runoff, and capital strength. Other company news may cover leadership changes within Jeff Bank's retail banking and branch operations.
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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.
JEFFERSONVILLE, N.Y., Nov. 08, 2022 (GLOBE NEWSWIRE) -- Jeffersonville Bancorp reported Q2 net income of $2,680,000 or $0.63 per share, up from $1,453,000 or $0.34 per share in Q2 2021. Year-to-date net income as of September 30, 2022, reached $6,501,000, or $1.53 per share, compared to $4,502,000 or $1.06 per share in 2021. Key factors include increased securities interest and dividends, alongside decreased salary expense, despite a rise in tax expenses. A cash dividend of $0.15 per share was declared, payable December 2, 2022.
Jeffersonville Bancorp, Inc. (OTCQB - JFBC) reported a strong second quarter net income of $2,031,000 or $0.48 per share, up from $1,735,000 or $0.41 per share in 2021, reflecting a $296,000 increase. Year-to-date net income reached $3,821,000 or $0.90 per share, compared to $3,049,000 or $0.72 per share in 2021, driven by higher securities interest and dividends. A cash dividend of $0.15 per share was declared for September 1, 2022.
Jeffersonville Bancorp, Inc. (OTCQB - JFBC) reported a first-quarter net income of $1,790,000 or $0.42 per share, a notable increase from $1,314,000 or $0.31 per share in 2021. This $476,000 gain primarily resulted from a rise in securities interest and loan fees, alongside reduced non-interest expenses. The company announced a cash dividend of $0.15 per share, payable on June 1, 2022. President George W. Kinne, Jr. highlighted strong liquidity and the potential for higher interest rates impacting loan repricing.
Jeffersonville Bancorp, Inc. (OTCQB - JFBC) reported a Q4 2021 net income of $1,442,000 ($0.34/share), up from $1,204,000 ($0.28/share) in Q4 2020, driven by increases in securities gains and service charge income. Year-to-date net income reached $5,944,000 ($1.40/share) compared to $4,810,000 ($1.14/share) in 2020. Noteworthy improvements included a rise in securities interest and reduced loan loss provisions. However, higher tax expenses and a decrease in loan interest offset some gains. A $0.15 dividend per share was declared, payable on March 2, 2022.
Jeffersonville Bancorp (JFBC) reported a third-quarter net income of $1,453,000 ($0.34 per share), up from $1,296,000 ($0.30) in Q3 2020. Key factors included a $259,000 rise in securities interest, a $250,000 drop in loan loss provisions, and increased fee income. However, there was a decrease in loan interest and fees of $347,000 and a rise in non-interest expenses of $87,000. Year-to-date income reached $4,502,000 ($1.06 per share). Additionally, a cash dividend of $0.15 per share has been declared, payable on December 3, 2021.