Katahdin Bankshr Stock Price, News & Analysis

Katahdin Bankshares Corp. (OTCQX: KTHN), based in Houlton, Maine, has released its annual report for the year ending December 31, 2021. The report highlights the Company's strong community presence in northern Maine, including Aroostook, Penobscot, and Cumberland counties, with over $940 million in assets and 16 banking offices. Katahdin Trust has nearly 180 employees and received accolades as one of the Best Places to Work in Maine for four consecutive years and as one of the Top 200 Community Banks in the U.S. by American Banker magazine.

Katahdin Bankshares Corp. (OTCQX: KTHN) announced a cash dividend of $0.138 per share for Q1 2022, reflecting a 10.4% increase from the same period last year. This dividend will be payable on March 24, 2022, to shareholders of record as of March 17, 2022. With over $940 million in assets and 16 banking offices, Katahdin Trust Company continues to be a prominent community bank in northern Maine. In previous years, the bank has been recognized as one of the Top 200 Community Banks and one of the Best Places to Work in Maine.

Katahdin Bankshares Corp. (OTCQX: KTHN) announced its fourth quarter earnings of $1.94 million or $0.52 per common share on January 27, 2022. For the year ended December 31, 2021, net income for common shareholders was $9.47 million, a decrease of $46,000 from 2020. The decline was attributed to lower SBA Paycheck Protection Program income. Total assets reached $940.5 million, marking a modest increase of 0.4% over the previous year. CEO Jon J. Prescott highlighted the Bank’s solid performance despite challenges, including a one-time salary stipend for employees.

Katahdin Bankshares Corp. (OTCQX: KTHN) has announced a $2 million Stock Buyback Program approved by its Board of Directors, effective until December 31, 2022. The program allows the company and its Employee Stock Ownership Plan (ESOP) to repurchase shares based on market conditions. The buyback strategy aims to enhance shareholder value and demonstrates confidence in the company's financial health. Katahdin Trust, with over $945 million in assets, serves northern Maine. This initiative complements its reputation as a top community bank.

Katahdin Bankshares Corp. (KTHN) announced a cash dividend of $0.125 per share for Q4 2021, marking a 5.5% increase from the previous year. This dividend will be paid on December 23, 2021, to shareholders of record by December 16, 2021. Katahdin Trust, a community bank established in 1918, has over $945 million in assets and operates 16 banking offices in Maine. The bank was recognized as one of the Best Places to Work in Maine and ranked among the Top 200 Community Banks by American Banker.

Katahdin Bankshares Corp. (OTCQX: KTHN) reported third-quarter earnings of $2.66 million, or $0.81 per share. For the first nine months, net income reached $7.53 million, a 22.1% increase from 2020. Total assets as of September 30, 2021, stood at $945.5 million. CEO Jon J. Prescott highlighted strong asset quality and the bank's recognition as one of the Best Places to Work in Maine for the fourth consecutive year. The bank, serving northern Maine and surrounding regions, continues to demonstrate solid financial performance.

Katahdin Bankshares Corp. (OTCQX: KTHN) has declared a cash dividend of $0.125 per share for Q3 2021, marking a 5.5% increase from last year. The dividend is payable on September 23, 2021, to shareholders of record as of September 16, 2021. With over $941 million in assets, Katahdin Trust Company, the parent company, serves northern Maine and surrounding regions. The bank has been recognized as one of the Best Places to Work in Maine and ranked among the Top 200 Community Banks in the nation.

Katahdin Bankshares Corp. (OTCQX: KTHN) reported second-quarter earnings of $2.50 million, or $0.76 per share, for the period ending June 30, 2021. The company's total assets reached $948.0 million, reflecting a $6.6 million increase from the previous quarter. President Jon J. Prescott expressed satisfaction with the solid financial results and highlighted the bank's recognition as one of the Top 200 Publicly Traded Community Banks in the U.S. Furthermore, plans to relocate the Scarborough branch in spring 2022 were announced to enhance community banking services.

Katahdin Bankshares Corp. (OTCQX: KTHN) has declared a cash dividend of $0.125 per share for Q2 2021, marking a 5.5% increase year-over-year. The dividend will be payable on June 23, 2021, to shareholders of record as of June 16, 2021. The community bank, founded in 1918, serves northern Maine and has over $941 million in assets with 16 branch offices. Katahdin Trust was recognized as one of the Best Places to Work in Maine for three consecutive years.