Pb Finl Stock Price, News & Analysis

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.

PB Financial Corporation has declared a quarterly cash dividend of $0.28 per share for shareholders of record by February 8, 2022, payable on February 24, 2022. This marks a 21.74% increase from the previous year, translating to an annual dividend of $1.12 and a yield of 2.81% based on a closing share price of $39.80 on January 31, 2022. President and CEO Ted E. Whitehurst emphasized the significance of this dividend as part of their strategy to enhance shareholder value.

PB Financial Corporation (OTCQX:PBNC) announced the completion of a $12 million private placement of subordinated notes on January 27, 2022. The proceeds will support organic growth, potential acquisitions, and general corporate purposes, including investments in its banking subsidiary, Providence Bank. The notes carry an initial interest rate of 3.50% per annum until February 1, 2027, after which the interest rate will adjust quarterly. The offering is intended to qualify as Tier 2 capital for regulatory purposes.

PB Financial Corporation (OTCQX:PBNC) reported strong financial results for the fourth quarter and full year ending December 31, 2021. Net income soared to $2.7 million for Q4 2021, a 43% increase from $1.9 million in Q4 2020. For the full year, net income reached $9.8 million, up 44% year-over-year. Total assets grew 19.58% to $701.4 million, while total deposits and gross loans rose by 25.57% and 18.62% respectively. Basic earnings per share were $4.47, a 44.66% increase from $3.09 in 2020. The company also raised cash dividends by 20.96%.

PB Financial Corporation (OTCQX:PBNC) announced a quarterly cash dividend of $0.27 per share on common stock, marking a 22.73% increase from the previous year. Shareholders of record by November 9, 2021, will receive this dividend payable on November 26, 2021. With this declaration, the company has achieved 40 consecutive quarterly dividends and has consistently raised its dividend since 2012, indicating robust financial health. As of September 30, 2021, total assets stood at $673.7 million.

PB Financial Corporation (OTCQX:PBNC) announced record net income of $2,503,174 for Q3 2021, a 43.74% increase from Q3 2020. For the nine-month period, net income reached $7,112,444, up 44.69%. Total assets grew by 16.97% to $673.7 million, while total deposits were $541.3 million, reflecting a 23.07% increase. Gross loans amounted to $521.7 million, a 15.54% rise year-over-year. Shareholders enjoyed a quarterly dividend of $0.26, marking the 39th consecutive increase.

PB Financial Corporation (OTCQX:PBNC) reported a strong financial performance for Q2 2021, achieving net income of $2,458,844, a 48.28% increase from $1,658,212 in Q2 2020. For the first half of 2021, net income reached $4,609,269, up 45.21% from $3,174,150 in the same period last year. Total assets grew by 11.04% to $626.1 million, while total deposits increased by 16.13% to $495.5 million. The company plans to pay a quarterly dividend of $0.26 on August 23, 2021, marking 39 consecutive dividends.

PB Financial Corporation declared a quarterly cash dividend of $0.26 per share, reflecting a 23.81% increase from the previous year. Shareholders of record by August 2, 2021 will receive the dividend payable on August 23, 2021. This marks the 39th consecutive quarterly dividend paid since 2012. The company reported total assets of $626.1 million, loans of $501.7 million, and total deposits of $495.5 million as of June 30, 2021, presenting a 2.98% yield based on the closing price of $34.86 per share on July 6, 2021.

PB Financial Corporation has declared a quarterly cash dividend of $0.25 per share, payable to shareholders of record by May 12, 2021. This marks a 21.95% increase from the previous year, translating to an annualized dividend of $1.00 and a yield of approximately 2.84%.

This announcement also highlights the company's 38th consecutive quarterly dividend, reflecting its consistent financial performance since initiating dividends in the first quarter of 2012.