Welcome to our dedicated page for Oregon Bancorp news (Ticker: ORBN), a resource for investors and traders seeking the latest updates and insights on Oregon Bancorp stock.
Oregon Bancorp, Inc. (ORBN) is the parent company of Willamette Valley Bank, a community bank headquartered in Salem, Oregon. The company’s news flow centers on its commercial and retail banking activities, regional branch network, and Home Loan Centers in Oregon and Idaho. Investors and observers use this news stream to follow how the bank’s operations and financial performance evolve over time.
Regular earnings announcements provide details on net income, net interest income, noninterest income, noninterest expense, and provisions for loan losses. These releases also highlight key banking metrics such as net interest margin, return on average assets, return on average equity, and book value per common share. Balance sheet information covers loan categories like real estate, commercial, and other loans, along with deposit composition across noninterest-bearing demand, interest-bearing demand, savings and money market accounts, and certificates of deposit.
Oregon Bancorp, Inc. also issues frequent dividend declarations, with its Board of Directors announcing quarterly cash dividends and specifying payment and record dates. These updates are important for income-focused shareholders tracking the company’s pattern of $0.20 per share quarterly dividends.
Another recurring theme in the company’s news is residential mortgage loan volume generated through its Home Loan Centers in Oregon and Idaho. Earnings releases often reference changes in mortgage loan volume and discuss how broader market conditions affect this activity. For a consolidated view of these developments, this news page aggregates the company’s public communications so readers can review financial results, dividend actions, and lending trends in one place.
Oregon Bancorp, parent company of Willamette Valley Bank, reported net income of $1,017,000 or $0.41 per common share for the third quarter of 2024. The company achieved a quarterly return on average assets of 0.9% and a return on average equity of 5.6%. Compared to the previous quarter, net income increased from $801,000 to $1,017,000. The company's balance sheet expanded by $16.0 million in assets, primarily due to a $31.8 million increase in deposits. The net interest margin improved from 3.4% to 3.5%. However, residential loan origination volume decreased from $75 million to $63 million. The Board of Directors distributed a $0.20 per share quarterly dividend on October 15, 2024.
Oregon Bancorp, parent company of Willamette Valley Bank, has announced a quarterly dividend of $0.20 per share. The dividend is set to be paid on October 15, 2024, to shareholders of record as of October 1, 2024.
Oregon Bancorp operates as a community bank with four full-service branch locations in Salem, Keizer, Silverton, and Albany, Oregon. Additionally, the bank manages six Home Loan Centers across Oregon and Idaho, offering both commercial and retail banking services.
Oregon Bancorp (OTCBB: ORBN) reported net income of $801,000 for Q2 2024, or $0.32 per common share. The company's quarterly return on average assets was 0.7% and return on average equity was 4.4%. The balance sheet expanded by $82.3 million during the quarter, largely due to increased investment in U.S. government securities. This strategy improved net income but led to a decline in net interest margin from 4.2% to 3.4%. The Board of Directors distributed a $0.20 per share quarterly dividend on July 15, 2024. CEO Ryan Dempster noted that economic data suggests a potential reduction in Federal Reserve interest rates later this year, which could lead to lower loan interest rates for borrowers.
Oregon Bancorp (OTCBB: ORBN), the parent company of Willamette Valley Bank, announced a quarterly dividend of $0.20 per share. This dividend will be payable on July 15, 2024, to shareholders who are on record as of July 1, 2024.
Oregon Bancorp operates Willamette Valley Bank, which has four full-service branches in Salem, Keizer, Silverton, and Albany, Oregon, along with six Home Loan Centers in Oregon and Idaho.
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