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), 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.
Katahdin Bankshares Corp. (OTCQX: KTHN) announced first-quarter earnings of $2.37 million, translating to $0.72 per share. Total assets reached $941.4 million as of March 31, 2021, marking an increase of $4.4 million since year-end and $37.7 million year-over-year. The bank facilitated $21.2 million in Paycheck Protection Program loans, underscoring its commitment to supporting local customers. Celebrating over a century of service, Katahdin Trust continues to impact the northern Maine community positively.