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.

HOULTON, Maine, July 22, 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 second-quarter earnings of $2.52 million, or $0.79 per common share. These results represent an increase of $144,000 or 6.1% over the previous quarter, and a 26.1% increase over the second quarter of 2024.

Total assets reached $1.09 billion, an almost $49 million increase over the same period in 2024.

"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 Houlton, Maine with 16 locations and more than $1.087 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.

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SOURCE Katahdin Trust Company

FAQ

What were Katahdin Bankshares (KTHN) Q2 2025 earnings?

Katahdin Bankshares reported Q2 2025 earnings of $2.52 million, or $0.79 per common share, representing a 26.1% increase from Q2 2024.

How much did Katahdin Bankshares (KTHN) total assets grow in Q2 2025?

Katahdin Bankshares' total assets reached $1.09 billion, growing by approximately $49 million compared to Q2 2024.

What was Katahdin Bankshares (KTHN) earnings per share in Q2 2025?

Katahdin Bankshares reported earnings of $0.79 per common share in Q2 2025.

How did Katahdin Bankshares (KTHN) Q2 2025 results compare to Q1 2025?

Katahdin Bankshares' Q2 2025 earnings increased by $144,000 or 6.1% compared to the previous quarter (Q1 2025).

Who is the CEO of Katahdin Bankshares (KTHN)?

Jon J. Prescott serves as the President and Chief Executive Officer of Katahdin Trust.