Welcome to our dedicated page for Katahdin Bankshr news (Ticker: KTHN), a resource for investors and traders seeking the latest updates and insights on Katahdin Bankshr stock.
Katahdin Bankshares Corp. (KTHN) provides essential community banking services across Maine, combining traditional values with modern financial expertise. This news hub offers investors and stakeholders timely access to official announcements, strategic developments, and operational updates directly from the company.
Track critical information including earnings reports, leadership changes, regulatory filings, and community initiatives. All content is curated to help users monitor financial performance, assess risk management practices, and understand the company’s role in regional economic growth.
Key updates include loan portfolio developments, asset quality trends, and strategic balance sheet decisions, alongside routine disclosures required for publicly traded institutions. Bookmark this page for verified updates free of speculation, presented with clarity for both professional analysts and community members.
Katahdin Bankshares Corp. (OTCQX: KTHN), parent of Katahdin Trust Company, reported second-quarter 2024 earnings of $2 million, or $0.63 per common share. Despite a contracting net interest margin, the company achieved strong loan growth and maintained excellent asset quality. Total assets increased by $12.4 million compared to Q1 2024.
However, net income saw a 2.1% decrease from the previous quarter and a 19.3% drop year-over-year. CEO Jon J. Prescott emphasized the company's ability to maintain solid performance in a challenging market environment. For detailed financial information, shareholders are directed to the company's website.
Katahdin Bankshares Corp. (OTCQX: KTHN), the parent company of Katahdin Trust Company, announced a cash dividend of $0.175 per share for Q2 2024. This represents a 15.1% increase over the previous year's Q2 dividend. The dividend is payable on June 21, 2024, to shareholders of record as of June 14, 2024. Katahdin Trust, founded in 1918, serves northern Maine and the greater Bangor and Portland regions.
FAQ
What is the current stock price of Katahdin Bankshr (KTHN)?
What is the market cap of Katahdin Bankshr (KTHN)?
