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, 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.
Jeffersonville Bancorp, Inc. (OTCQB - JFBC) announced the closure of its Narrowsburg and Loch Sheldrake branch offices effective February 11, 2022. This decision follows a strategic review of branch profitability. Customers from these branches will have their accounts transferred to nearby Callicoon and Liberty branches. President George Kinne expressed optimism about maintaining customer relationships through their extensive network and digital services. The closures aim to enhance operational efficiency, reduce costs, and improve returns on assets and equity.
Jeffersonville Bancorp (OTCQB - JFBC) reported strong second-quarter net income of $1,735,000 or $0.41 per share, up from $1,264,000 or $0.30 per share in 2020. The increase is driven by a rise in non-interest income and reduced loan loss provisions. Year-to-date net income reached $3,049,000 or $0.72 per share, a $739,000 increase year-over-year. A cash dividend of $0.15 per share was declared, payable on September 1, 2021. The company maintains a liquid position to capitalize on future opportunities amid uncertainty in the economic landscape.
Jeffersonville Bancorp, Inc. (OTCQB - JFBC) reported a first quarter net income of $1,314,000 or $0.31 per share, up from $1,046,000 or $0.25 per share in the same quarter of 2020. The $268,000 increase was mainly due to a $250,000 decrease in the provision for loan losses, $235,000 unrealized gain on equity securities, and a $71,000 decrease in interest expense, offset by a $536,000 decrease in loan interest and a $71,000 increase in tax expense. A cash dividend of $0.15 per share was declared, payable June 2, 2021.
Jeffersonville Bancorp (OTCQB - JFBC) reported a Q4 2020 net income of $1.204 million or $0.28 per share, showing an increase from $1.045 million or $0.25 per share in Q4 2019. This growth was driven by lower provisions for loan losses, reduced tax expenses, and increases in securities income. However, annual net income fell to $4.810 million from $6.506 million in 2019, primarily due to declines in loan interest and non-interest income. The board declared a quarterly dividend of $0.15 per share, payable March 2, 2021.