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 Corporation (OTCQX:PBNC) reported a significant increase in net income for the first quarter of 2023, reaching $3,712,014, a 37% increase from the previous year. Total assets grew by 18.15% to $878.9 million, with deposits increasing by 16.88% to $705.1 million and gross loans rising by 28.21% to $714.1 million. Basic earnings per share also improved to $1.66, a 34.96% increase compared to Q1 2022. The bank's book value per share rose to $31.74, marking an 11.17% rise. Additionally, PBNC recently paid its 45th consecutive quarterly dividend of $0.40 per share.
PB Financial Corporation (OTCQX:PBNC) has announced a quarterly cash dividend of $0.40 per share, reflecting a 42.86% increase from the previous year. Shareholders of record as of February 7, 2023, will receive this dividend on February 23, 2023, equating to an annual dividend of $1.60 or a 3.75% yield based on the January 27 closing price of $42.625. This marks the 45th consecutive quarterly cash dividend for the company, highlighting its consistent financial performance since 2012. As of December 31, 2022, PB Financial had total assets of $849.2 million.
PB Financial Corporation (OTCQX:PBNC) reported a net income of $4.33 million for Q4 2022, a 59.95% increase year-over-year. Full-year net income rose 45.16% to $14.25 million. Total assets reached $849.2 million, marking a 21.06% growth compared to 2021. Deposits grew 17.61% to $674 million, while gross loans climbed 24.89% to $687.7 million. Basic earnings per share increased 43.62% to $6.42, with a book value of $29.93. The company declared a cash dividend of $1.23 per share, up 21.78% from 2021.
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