Katahdin Bankshares Corp. Reports First Quarter 2025 Results

Rhea-AI Summary

Katahdin Bankshares reported strong first-quarter 2025 financial results, with earnings reaching $2.38 million, or $0.75 per common share. The company demonstrated significant growth with a 35.6% increase from the previous quarter and a 16.5% rise compared to Q1 2024.

The Maine-based community bank's total assets grew to $1.08 billion, marking a $54.5 million increase from the same period in 2024. CEO Jon J. Prescott attributed this success to the team's strategic efforts and hard work.

Founded in 1918, Katahdin Trust Company, trading under KTHN on OTCQX, continues to serve as a full-service community bank in Maine, showing robust financial health and consistent growth in early 2025.

Positive

• Q1 2025 earnings increased 35.6% quarter-over-quarter to $2.38M
• Earnings per share reached $0.75
• 16.5% earnings growth year-over-year
• Total assets grew by $54.5M compared to Q1 2024

Negative

• None.

News Market Reaction

+2.55%

1 alert

+2.55% News Effect

On the day this news was published, KTHN gained 2.55%, reflecting a moderate positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

HOULTON, Maine, April 30, 2025 /PRNewswire/ -- Katahdin Bankshares Corp. (OTCQX: KTHN), the parent company of Katahdin Trust Company, a full-service community bank in Maine founded in 1918, has announced 2025 first-quarter earnings of $2.38 million, or $0.75 per common share. These results represent an increase of $625,000 or 35.6% over the previous quarter, and a 16.5% increase over the first quarter of 2024.

Total assets reached $1,080,675,000, a $54,526,000 increase over the same period in 2024.

"We had a strong financial start to the year," stated Jon J. Prescott, Katahdin Trust President and Chief Executive Officer. "A reflection of the hard work and strategic efforts of our entire team."

For more information and to view a copy of the Bank's most recent quarterly financial report, visit KatahdinTrust.com/Shareholder-Relations/#Financial-Reports.

About Katahdin Bankshares Corp.
Katahdin Bankshares Corp. is the bank holding company of Katahdin Trust Company. Founded in 1918, Katahdin Trust is a community bank based in Houlton, Maine, with 16 locations and more than $1.08 billion in assets. Katahdin Bankshares Corp. common stock is quoted on the OTC Markets (OTCQX) under the symbol KTHN. Learn more about the Company and its subsidiary bank at www.katahdintrust.com and follow Katahdin Trust on social media.

View original content:https://www.prnewswire.com/news-releases/katahdin-bankshares-corp-reports-first-quarter-2025-results-302442811.html

SOURCE Katahdin Trust Company

FAQ

How much did Katahdin Bankshares (KTHN) earn in Q1 2025?

Katahdin Bankshares reported Q1 2025 earnings of $2.38 million, or $0.75 per common share.

What is the percentage increase in KTHN earnings from Q4 2024 to Q1 2025?

Katahdin Bankshares' Q1 2025 earnings increased by 35.6% ($625,000) compared to the previous quarter.

How much did Katahdin Bankshares' assets grow in 2025 vs 2024?

Katahdin Bankshares' total assets reached $1.08 billion, showing an increase of $54.5 million compared to Q1 2024.

What was KTHN's year-over-year earnings growth in Q1 2025?

Katahdin Bankshares reported a 16.5% increase in earnings for Q1 2025 compared to Q1 2024.

Where can investors find Katahdin Bankshares' (KTHN) quarterly financial reports?

Investors can access KTHN's quarterly financial reports at KatahdinTrust.com/Shareholder-Relations/#Financial-Reports.