STOCK TITAN

PB Financial Corp - PBNC STOCK NEWS

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

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'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's position in the market.

Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.12%
Tags
dividends
-
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
earnings
-
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
dividends
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.44%
Tags
acquisition
-
Rhea-AI Summary
PB Financial Corporation completes private placement, raising $8.3 million in additional capital
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
none
-
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.83%
Tags
earnings
Rhea-AI Summary
PB Financial Corporation (OTCQX:PBNC) announced a quarterly cash dividend of $0.50 per share on common stock outstanding, representing a 61.29% increase from the previous quarter. The dividend is payable on August 28, 2023, and the annual dividend is $2.00 with a yield of 5.24%. The company has consistently increased its cash dividend each quarter since 2012, demonstrating a commitment to enhancing shareholder value.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
dividends
-
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
dividends
-
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
earnings
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
none
PB Financial Corp

OTC:PBNC

PBNC Rankings

PBNC Stock Data

102.30M
1.31M
Commercial Banking
Finance and Insurance
Link
US
Orlando