Katahdin Bankshares Corp. Reports Second Quarter 2025 Results
Rhea-AI Summary
Katahdin Bankshares Corp. (OTCQX: KTHN), parent company of Katahdin Trust Company, reported strong financial results for Q2 2025. The company achieved earnings of $2.52 million, or $0.79 per common share, marking a 6.1% increase from the previous quarter and a substantial 26.1% growth compared to Q2 2024.
The Maine-based community bank's total assets reached $1.09 billion, representing an increase of approximately $49 million compared to the same period in 2024. CEO Jon J. Prescott expressed satisfaction with the results and optimism for continued growth through 2025.
Positive
- Q2 2025 earnings increased by 26.1% year-over-year to $2.52 million
- Quarter-over-quarter earnings growth of 6.1%
- Total assets grew by $49 million year-over-year to $1.09 billion
Negative
- None.
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Total assets reached
"We are pleased with these results and look to build on them as we continue through 2025," stated Jon J. Prescott, Katahdin Trust President and Chief Executive Officer.
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
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SOURCE Katahdin Trust Company