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PB FINANCIAL CORPORATION - $PBNC STOCK NEWS

Welcome to our dedicated page for PB FINANCIAL CORPORATION news (Ticker: $PBNC), a resource for investors and traders seeking the latest updates and insights on PB FINANCIAL CORPORATION stock.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect PB FINANCIAL CORPORATION's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of PB FINANCIAL CORPORATION's position in the market.

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PB Financial , the holding company for Providence Bank, has declared a second-quarter dividend of $0.53 per share on common stock, marking a 17.78% increase from the previous year. This is the 50th consecutive quarterly cash dividend, demonstrating consistent financial performance.

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0.02%
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PB Financial , the holding company for Providence Bank, reported a decrease in net income available to common stockholders by 14.62% for the first quarter of 2024 compared to the same period in 2023. Total assets increased by 15.57% to $1.016 billion, with total deposits and gross loans also showing significant growth. The Company completed a preferred stock offering, raising $17.923 million, and surpassed $1 billion in assets for the first time in its history. The legal merger with Coastal Bank & Trust was finalized, with a systems conversion scheduled for May 17-19, 2024.
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PB Financial (PBNC) completes merger with Coastal Bank & Trust, creating a community bank with $1.2 billion in assets. Shareholders can choose $10 cash or 0.2222 PB Financial stock for each Coastal share. The transaction valued at $25.8 million is expected to be immediately accretive to earnings.
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PB Financial successfully completes a private placement of $17.4 million preferred stock, showing strong community support. The company plans to use the proceeds for franchise growth and general corporate purposes.
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PB Financial Corporation (PBNC) announced a 30% increase in their quarterly cash dividend to $0.52 per share, representing a $2.08 annual dividend and a 4.97% yield. The company has consistently increased its cash dividend every quarter since 2012, reflecting strong financial performance. With total assets of $982.4 million, loans of $827.8 million, and total deposits of $803.5 million as of December 31, 2023, PB Financial Corporation is focused on enhancing shareholder value.
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-2.12%
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PB Financial Corporation (PBNC) reported a decrease in net income for the quarter ended December 31, 2023, compared to the same period in 2022. Total assets increased by 15.69% to $982.4 million at the end of 2023, while total deposits and gross loans also saw significant growth. The Company incurred one-time expenses related to its announced merger with Coastal Bank & Trust, impacting 4th quarter results. The proposed merger is expected to be accretive to earnings in 2024 and is anticipated to be consummated in the 2nd quarter of 2024. Despite the decrease in net income, the Company experienced strong organic growth in loans, deposits, and total assets. Cash dividends per share increased by approximately 51.22% from 2022, and the Company has paid 48 consecutive quarterly cash dividends since 2012.
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PB Financial Corporation announces a quarterly cash dividend increase of 45.71% from the previous quarter, representing a $0.51 dividend per share. The dividend is payable on November 24, 2023. The company has consistently increased its cash dividend for 12 consecutive years.
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PB Financial Corporation and Coastal Bank & Trust announce a definitive strategic merger agreement. Coastal will merge into Providence, expanding PB Financial to approximately $1.1 billion in assets, $874 million in loans, and $893 million in deposits. Coastal shareholders may elect to receive either $10.00 in cash or 0.2222 shares of PB Financial common stock for each share of Coastal common stock. The merger is expected to be completed in Q2 2024. The combined bank will operate under the Providence name, be headquartered in Rocky Mount, NC, and include ten full-service offices serving North Carolina communities. The merger will create a strong community bank with a higher lending limit and expanded product offerings.
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PB Financial Corporation completes private placement, raising $8.3 million in additional capital
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PB FINANCIAL CORPORATION

OTC:PBNC

PBNC Rankings

PBNC Stock Data

125.52M
1.23M
Commercial Banking
Finance and Insurance
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United States of America
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