Welcome to our dedicated page for JSB Financial news (Ticker: JFWV), a resource for investors and traders seeking the latest updates and insights on JSB Financial stock.
JSB Financial Inc. (JFWV) delivers integrated financial solutions through banking, investment management, and capital market services. This news hub provides stakeholders with verified updates directly from corporate sources, ensuring access to accurate information for informed analysis.
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Key updates include quarterly performance reports, merger/acquisition activity, product launches, and compliance-related communications. All content maintains strict adherence to factual reporting standards without editorial commentary or forward-looking projections.
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JSB Financial Inc. (OTC PINK: JFWV) reported Q2 2024 results with net income of $793,000, down 1.74% from Q2 2023. For H1 2024, net income decreased 13.4% to $1.5 million. Net interest income for H1 2024 increased 4.2% to $6.4 million. The company achieved record-level loans of $374.0 million as of June 30, 2024, up 7.5% from December 31, 2023. Total deposits grew 10.0% to $468.6 million. Asset quality remained strong with nonaccrual loans at 0.01% of total loans. The allowance for credit losses was 1.07% of total loans. On August 8, 2024, the company received payment on prior nonperforming loans, resulting in a $1.3 million interest recovery.
JSB Financial (OTCPK: JFWV) reported a net income of $671 thousand for Q1 2024, a decrease of 24.2% from $885 thousand in Q1 2023. Earnings per share dropped to $2.61 from $3.21. The annualized return on assets and equity also declined to 0.53% and 10.75%, respectively. However, the company saw improvements in net interest income, which increased by 1.3% to $3.2 million, and book value per share, which rose to $97.40. Total assets grew by 6.1% to $531.2 million. Deposits and loans surged by $32.0 million and $18.3 million, respectively. Non-performing loans remained minimal, though past due loans increased. Regulatory capital ratios declined slightly due to organic loan growth and increased assets.
Jefferson Security Bank (OTCPK: JFWV) announced a semi-annual dividend of $1.15 per share, payable on March 10, 2023, to shareholders of record on February 28, 2023. This marks an increase of $0.05 from the previous dividend of $1.10 per share paid in September 2022. President and CEO Cindy Kitner highlighted the bank's achievement of a fifth consecutive year of record earnings despite economic challenges. The focus remains on strong capital management and providing value to shareholders.
Jefferson Security Bank (OTCPK: JFWV) announced its 2022 financial results, achieving record earnings for the fifth consecutive year. Q4 net income rose to $1.3 million, a 44.82% increase from Q4 2021, while annual net income grew to $3.9 million, up 8.01%. Basic earnings per share increased from $3.36 in Q4 2021 to $4.86 in Q4 2022, reaching $14.01 for the year. Net interest income for 2022 totaled $13.0 million, a 14.91% increase. Total assets rose by 8.07% to $461.2 million, driven by a 24.28% rise in loans. However, book value per share declined from $119.52 to $81.64 due to unrealized losses in the investment portfolio.
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