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. (OTCQX: KTHN) is the parent company of Katahdin Trust Company, a full-service community bank founded in 1918 and serving northern Maine and the greater Bangor and Portland regions. This news page brings together company-issued updates that highlight how the bank holding company and its community banking subsidiary are performing and managing capital over time.
Readers can find regular earnings announcements in which Katahdin Bankshares Corp. reports quarterly results for Katahdin Trust Company. These releases discuss net income, changes in earnings compared with prior quarters and prior-year periods, and trends in total assets, loans, and deposits. Management commentary in these updates often references factors such as net interest income, operating expenses, loan growth, asset quality, core deposit growth, and net interest margin, providing insight into the drivers of performance for this regional banking organization.
The news feed also features dividend declarations, where the company announces its quarterly cash dividend per share and notes percentage increases over the same quarter of the previous year. These items help investors track the consistency and growth of shareholder distributions. In addition, news items cover capital actions such as the Stock Buyback Program, which authorizes the repurchase of a specified dollar amount of common stock over a defined period, including potential purchases through the Employee Stock Ownership Plan.
Alongside these financial and capital management updates, the company announces the availability of its annual report and quarterly financial reports, directing shareholders to resources where they can review more detailed information. By following this page, users can monitor Katahdin Bankshares Corp.’s reported financial performance, dividend activity, and share repurchase plans as communicated in its official news releases.
Katahdin Bankshares Corp. (OTCQX: KTHN) announced a Stock Buyback Program allowing for the repurchase of up to $2,000,000 of its common shares through December 31, 2023. The shares may be repurchased by the company or through its Employee Stock Ownership Plan (ESOP), depending on market conditions. The program can be altered or terminated by the Board of Directors without prior notice. Katahdin Trust Company, founded in 1918, operates with assets exceeding $966 million across multiple locations in Maine.
Katahdin Bankshares Corp. (OTCQX: KTHN) has declared a cash dividend of $0.138 per share for Q4 2022, marking a 10.4% increase from the previous year. The dividend is payable on December 23, 2022, to shareholders of record as of December 16, 2022. Established in 1918, Katahdin Trust Company serves northern Maine and has assets exceeding $966 million and 16 locations. The bank was recognized as one of the Best Places to Work in Maine and ranked among the Top 200 Community Banks in the nation by American Banker magazine.
Katahdin Bankshares Corp. (OTCQX: KTHN) reported a third quarter 2022 net income of $2.61 million, up 21.8% from the previous quarter. Year-to-date net income stands at $6.52 million, showing a 13.4% decline compared to $7.53 million in 2021. Total assets increased to $966.9 million, a rise of $21.4 million year-over-year. The company was recognized as one of the Best Places to Work in Maine, highlighting its commitment to employee support and a positive workplace.
Katahdin Bankshares Corp. (OTCQX: KTHN) has declared a cash dividend of $0.138 per share for Q3 2022, marking a 10.4% increase from last year. This dividend will be payable on September 23, 2022 to shareholders on record as of September 16, 2022. The bank, established in 1918, manages assets exceeding $965 million and operates 16 branches in northern Maine and nearby regions. Recognized as one of the Best Places to Work in Maine for five consecutive years, Katahdin Bankshares aims to maintain strong community ties while ensuring shareholder returns.
Katahdin Bankshares Corp. (OTCQX: KTHN) has declared a cash dividend of $0.138 per share for Q2 2022, marking a 10.4% increase over the previous year. The dividend is payable on June 23, 2022, to shareholders of record as of June 16, 2022. The company, founded in 1918, operates 16 banking offices in northern Maine and has over $963 million in assets. Katahdin Bankshares Corp. continues to receive recognition, including being named one of the Best Places to Work in Maine for four consecutive years.
Katahdin Bankshares Corp. (OTCQX: KTHN) reported first-quarter earnings of $1.8 million, translating to $0.54 per common share, marking a 25.4% decrease from the previous year. The decline is primarily attributed to reduced income from SBA PPP loans, which decreased interest and fee income by $590,000. Despite the drop, total assets grew to $963 million, a $21.6 million increase, while total deposits rose by $34.1 million. The outlook remains optimistic as the bank aims to support customer financial goals.
Katahdin Bankshares Corp. (OTCQX: KTHN) announced the retirement of Peter F. Briggs from its Board of Directors effective April 27, 2022, after 28 years of service. Under his tenure since 1994, the bank expanded from five to sixteen branches, including new markets in Bangor and Portland. Steven L. Richardson, Chairman of the Board, lauded Briggs' long-standing leadership. Following his departure, the board will consist of eight members. Katahdin Trust, founded in 1918, has over $940 million in assets and has been recognized as one of the Best Places to Work in Maine.
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.
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