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) is the holding company for Providence Bank, a state-chartered community bank headquartered in Rocky Mount, North Carolina. The company’s news flow, as reflected in its press releases, centers on earnings announcements, dividend declarations and updates related to its commercial banking operations.
Investors following PBNC news will find regular reports on net income available to common shareholders, earnings per share, book value per share and tangible book value per share. The company frequently highlights record quarterly earnings and details growth in total assets, total deposits and gross loans over prior periods. These updates are presented through consolidated balance sheets and statements of operations that break out interest income, interest expense, net interest income, provisions for credit losses, noninterest income and noninterest expense.
Dividend activity is another recurring theme in PB Financial Corporation’s news. The company issues announcements when its Board of Directors approves quarterly cash dividends on common stock, including the per-share amount, record date and payment date. In these releases, PB Financial Corporation emphasizes its consecutive quarterly cash dividend record since the first quarter of 2012 and notes that the dividend has been increased each quarter.
News items also discuss the impact of the merger with Coastal Bank & Trust, including comments on integration progress, one-time merger-related expenses and the contribution of the merger to growth in loans and deposits. Readers can use the PBNC news page to review this sequence of earnings releases, dividend declarations and merger-related updates in one place.
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.
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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.
PB Financial Corporation (OTCQX:PBNC) has announced a quarterly cash dividend of $0.35 per share, marking a 29.63% increase from last year's fourth quarter. Shareholders of record by November 7, 2022 will receive the dividend on November 25, 2022. This dividend reflects the company's commitment to enhancing shareholder value, having paid dividends consistently for 44 quarters and achieving a total annual dividend of $1.40, resulting in a yield of 3.45% based on the closing price of $40.55.
PB Financial Corporation (OTCQX:PBNC) reported a net income of $3,970,996 for Q3 2022, marking a 58.64% increase from $2,503,174 in Q3 2021. For the nine months ending September 30, 2022, net income rose by 39.54% to $9,924,497. Total assets grew by 15.81% to $780.2 million, with deposits at $616.5 million and loans at $617.3 million, reflecting increases of 13.90% and 18.31%, respectively. Basic earnings per share also increased by 38.27% to $4.48. The book value per share slightly decreased to $28.52.
PB Financial Corporation (OTCQX:PBNC) reported a net income of $3.24 million for Q2 2022, up 31.92% from $2.46 million in Q2 2021. For the six months ending June 30, 2022, net income rose by 29.18% to $5.95 million. Total assets increased 19.54% to $784.4 million, while total deposits and gross loans surged by 22.36% and 16.47%, respectively. Basic earnings per share rose 28.10% to $2.69. A quarterly dividend of $0.31 per share will be paid on August 22, 2022.
PB Financial Corporation (OTCQX:PBNC) has declared a quarterly cash dividend of $0.31 per share, marking a 19.23% increase from the previous year. Shareholders on record by August 1, 2022, will receive the dividend on August 22, 2022. This dividend translates to an annual yield of 3.20% based on its closing price of $38.75 on July 6, 2022. With this announcement, PB Financial celebrates its 43rd consecutive quarterly dividend, reflecting consistent financial performance since 2012.
PB Financial Corporation (OTCQX:PBNC) declared a quarterly cash dividend of $0.29 per share, reflecting a 16% increase from the previous year. Shareholders on record by May 11, 2022, will receive the dividend on May 26, 2022. This marks the 42nd consecutive quarterly dividend since the start of their dividend program in 2012, showcasing a commitment to enhancing shareholder value. With total assets of $743.9 million as of March 31, 2022, the company maintains a dividend yield of approximately 3.01%.
PB Financial Corporation (OTCQX:PBNC) reported a 26% increase in net income for Q1 2022, totaling $2,709,595, compared to $2,150,425 in Q1 2021. Total assets grew by 20.45% to $743.9 million, with total deposits increasing 24.51% to $603.3 million and gross loans up 12.32% to $557.0 million. Basic earnings per share rose to $1.23 from $0.98. The bank distributed a dividend of $0.28 per share, marking the 41st consecutive increase in quarterly cash dividends.