JSB Financial Stock Price, News & Analysis

Jefferson Security Bank (OTC Pink: JFWV) announces a semi-annual dividend of $1.10 per share, approved by the Board on August 18, 2022. The dividend will be paid on September 9, 2022, to shareholders of record on August 31, 2022. This results in an annual dividend of $2.20 per share for 2022, marking a 7.3% increase from $2.05 in 2021. CEO Cindy Kitner emphasizes the bank’s commitment to enhancing shareholder value while managing capital prudently amidst economic conditions.

Jefferson Security Bank (OTC Pink: JFWV) reported a net income of $833 thousand for Q2 2022, down $173 thousand or 17.2% from Q2 2021. Diluted EPS decreased to $3.02 from $3.65. For the first six months, net income was $1.6 million, a decline of $164 thousand or 9.2%. Provision for loan losses was $140 thousand in Q2 due to strong loan growth. Total assets rose $34.6 million to $448.9 million. However, total equity fell to $20.0 million due to market interest rate impacts, with book value per share down to $72.71.

Jefferson Security Bank (OTC Pink: JFWV) announced the election of new independent directors, Archibald R. Hoxton IV and Kelvin L. Upson. Hoxton brings 30 years of financial planning experience and previously worked with Goldman Sachs PFM. Upson, a Senior Cybersecurity Professional, has extensive military and engineering expertise. The Chair of the Board expressed confidence that their diverse skills will enhance strategic guidance and shareholder value, reinforcing the bank's commitment to strong performance amidst evolving market conditions.

Jefferson Security Bank (OTC Pink: JFWV) reported a net income of $791 thousand for Q1 2022, up from $782 thousand in Q1 2021. Basic and diluted earnings per share increased to $2.87 from $2.81. The bank's total assets rose to $437.9 million, while loans increased to $253.2 million. Total deposits reached $410.4 million, up from $363.8 million a year earlier. However, total shareholder’s equity decreased to $24.2 million due to unrealized losses in the investment portfolio.

Jefferson Security Bank (OTC Pink: JFWV) announced a semi-annual dividend of $1.10 per share, an increase of $0.05 from last year's $1.05. This dividend, payable on March 11, 2022, rewards shareholders of record on March 1, 2022. CEO Cindy Kitner highlighted the bank's profitability and commitment to shareholder value as reasons for the increase, reflecting the bank's continued success in the financial sector of West Virginia and Maryland.

Jefferson Security Bank (OTC Pink: JFWV) reported a robust fourth quarter of 2021, with net income reaching $926 thousand, a 6.3% increase from $871 thousand in Q4 2020. Full-year net income grew to $3.6 million, up 24.4% from $2.9 million in 2020. Basic earnings per share rose from $10.30 to $12.93. Total assets increased by 12.1% to $426.8 million, driven by strong loan and deposit growth. The bank maintains a focus on long-term value for shareholders.

Jefferson Security Bank (OTC Pink: JFWV) reported a net income of $863 thousand for Q3 2021, a 26.4% increase from $683 thousand in Q3 2020. Diluted EPS rose to $3.13, compared to $2.45 year-over-year. For the first nine months of 2021, net income totaled $2.7 million, up 32.2%. Total assets increased $61.4 million, reaching $437.8 million, and deposits jumped $63.7 million to $398.3 million. However, the Tier 1 capital ratio decreased to 8.36% from 8.68% at year-end 2020.

Jefferson Security Bank (OTC Pink: JFWV) announced a semi-annual dividend of $1.05 per share, approved by the Board of Directors on August 18, 2021. This dividend, payable on September 10, 2021, to shareholders of record on September 1, 2021, raises the annual dividend to $2.05, marking a 7.9% increase from $1.90 in 2020. CEO Cindy Kitner highlighted the bank's solid earnings performance as key to providing consistent returns to shareholders while focusing on capital strength.

Jefferson Security Bank (OTC Pink: JFWV) reported a net income of $1.0 million for Q2 2021, up 43.4% from $701 thousand in Q2 2020, with diluted earnings per share increasing to $3.65. For the first six months of 2021, net income totaled $1.8 million, a 35.3% increase year-over-year. Total assets rose by 18.3% to $414.3 million, and deposits grew by 20.1% to $379.3 million. The allowance for loan losses remained stable at 1.12% of total loans. Significant deposit growth, attributed to government stimulus, funded loan and investment portfolio expansion.