Welcome to our dedicated page for Pb Finl news (Ticker: PBNC), a resource for investors and traders seeking the latest updates and insights on Pb Finl stock.
PB Financial Corporation (PBNC) maintains this dedicated news hub for stakeholders tracking developments at this North Carolina-based banking institution. Investors and community partners will find official press releases, financial disclosures, and strategic updates from the Providence Bank parent company.
The repository serves as a comprehensive resource for monitoring PBNC's operational milestones, including merger announcements, capital management initiatives, and service expansions. Regular updates cover essential financial communications such as quarterly earnings reports, regulatory filings, and leadership updates.
Key content categories include detailed accounts of strategic mergers like the Coastal Bank & Trust integration, analyses of capital placement strategies, and updates on community-focused banking services. All materials maintain factual accuracy while avoiding speculative commentary.
Bookmark this page for streamlined access to PBNC's evolving financial narrative. Check back regularly for verified updates directly impacting the institution's position in regional banking markets.
PB Financial (OTCQX:PBNC), the holding company for Providence Bank, reported record third quarter 2024 earnings. Net income available to common shareholders for Q3 2024 was $4.60 million, a 48.45% increase from $3.10 million in Q3 2023. For the nine-month period ended September 30, 2024, net income was $11.88 million, up 12.57% from the same period in 2023.
As of September 30, 2024, the Company reported:
- Total assets: $1.285 billion (38.22% increase YoY)
- Total deposits: $1.084 billion (48.61% increase YoY)
- Gross loans: $1.086 billion (40.17% increase YoY)
- Basic earnings per share: $4.37 (5.21% decrease YoY)
- Book value per common share: $39.70 (20.16% increase YoY)
The Company paid its 51st consecutively increased quarterly cash dividend of $0.54 per share on August 23, 2024.
PB Financial (OTCQX:PBNC), the parent company of Providence Bank, announced a quarterly cash dividend of $0.54 per share, a 8% increase from Q3 2023. The dividend will be paid on August 23, 2024, to shareholders recorded by August 2, 2024. This results in an annual dividend of $2.16 and a yield of 5.35%, based on a stock price of $40.35 as of July 10, 2024. This marks the 51st consecutive quarterly dividend since dividends began in Q1 2012. The company, headquartered in Rocky Mount, NC, reported total assets of $1.261 billion, loans of $1.066 billion, and deposits of $1.051 billion as of June 30, 2024.
PB Financial (OTCQX:PBNC) reported a net income available to common shareholders of $4.11 million for Q2 2024, up 9.89% from $3.74 million in Q2 2023. For the first half of 2024, net income was $7.28 million, down 2.33% from $7.45 million in the prior year, impacted by merger-related expenses totaling $811,738. The company’s total assets rose 43.45% to $1.261 billion, with total deposits increasing 50.54% to $1.051 billion and gross loans growing 49.47% to $1.066 billion. Earnings per share for the first half of 2024 fell 16.87% to $2.76, while book value per share increased 17.17% to $37.19. A dividend of $0.54 per share will be paid on August 23, 2024. The company successfully completed its merger with Coastal Bank & Trust in April, enhancing its financial performance.
PB Financial (OTCQX:PBNC), the holding company for Providence Bank, has appointed Dr. Vanessa J. Ervin to their Board of Directors following their merger with Coastal Bank & Trust, where she was a founding member. Dr. Ervin brings extensive experience in healthcare management, having led Carobell, a private healthcare provider, since 1991. She holds multiple advanced degrees and has received several awards for her contributions to healthcare. PB Financial reported total assets of $1.016 billion, loans of $860.3 million, and deposits of $805.0 million as of March 31, 2024.
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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