Katahdin Bankshares Corp. Reports Third-Quarter 2023 Financial Results

(Neutral)

(Neutral)How Sentiment works

Sentiment and the balance of points

Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.

How Sentiment works How the balance works

News Market Reaction – KTHN

The recorded move for KTHN in the trading session of this news was +2.16%.

Data tracked by StockTitan Argus. Session date unavailable.

AI-generated analysis. How Rhea-AI works. Not financial advice.

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google

10/19/2023 - 04:05 PM EDT

HOULTON, Maine, Oct. 19, 2023 /PRNewswire/ -- Katahdin Bankshares Corp. (OTCQX: KTHN), the parent company of Katahdin Trust Company, a full-service community bank in Maine, today announced 2023 third-quarter earnings of $2.58 million, or $0.81 per common share.

"The third quarter proved to be a solid one," said Jon Prescott, Katahdin Trust's President and CEO. "We had good loan growth, a steady margin, and strong asset quality."

Despite ongoing challenges within the operating environment, Katahdin Trust is pleased with the commendable financial results they achieved.

"Looking ahead, we remain optimistic and committed to navigating future opportunities and challenges with the same community bank dedication and resilience as the last 105 years," added Prescott.

More information and the detailed quarterly financial report are available on Katahdin Trust Company's website at katahdintrust.com/Shareholder-Relations.

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 more than $1 billion in assets and 16 banking offices that serve Aroostook, Penobscot, and Cumberland counties. 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 Facebook, X (formerly known as Twitter), LinkedIn, and Instagram.

View original content:https://www.prnewswire.com/news-releases/katahdin-bankshares-corp-reports-third-quarter-2023-financial-results-301962601.html