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) has announced an offer to repurchase its outstanding 5.375% Fixed Senior Unsecured Notes due June 15, 2026. The notes, currently held by nine institutional investors, total $14.5 million in aggregate principal amount. The company is offering to repurchase at par value plus accrued unpaid interest. The repurchase will be funded through a special dividend from Katahdin Trust Company and is set to close on December 16, 2024. The transaction has been reported to relevant bank regulatory agencies and is not considered material to the bank's financial condition.
Katahdin Bankshares Corp. (OTCQX: KTHN), parent company of Katahdin Trust Company, has reported its third-quarter 2024 earnings. The company achieved earnings of $2.27 million, or $0.71 per common share, marking a 13.2% increase over the previous quarter. Despite challenges such as lower year-to-date net interest income and rising costs, the company maintained a stable net interest margin. Year-to-date net income reached $6.31 million, which is 16.7% lower than the previous year, primarily due to a lower net interest margin. Total assets grew by nearly $11 million, reaching $1.05 billion as of September 30, 2024.
Katahdin Bankshares Corp. (OTCQX: KTHN), the parent company of Katahdin Trust Company, has announced a quarterly cash dividend of $0.175 per share for the third quarter of 2024. This dividend represents a 15.1% increase compared to the same quarter last year. The dividend will be payable on September 20, 2024, to shareholders of record as of September 13, 2024. This announcement demonstrates Katahdin Bankshares Corp.'s commitment to delivering value to its shareholders and reflects the company's financial stability and growth.
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.
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