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 reports company news as the holding company for Providence Bank, a state-chartered community bank serving markets in North Carolina. Updates commonly cover quarterly and annual earnings, loan and deposit growth, asset trends, and branch-market activity across communities including Rocky Mount, Tarboro, Nashville, Wilson, Raleigh, Jacksonville, Holly Ridge, Morehead City and Richlands.
Recurring releases also document board-approved cash dividends on PBNC common stock, including the company's pattern of quarterly dividend increases and occasional special distributions tied to financial results. News items frame PB Financial's operating performance through community-bank metrics such as net income available to common shareholders, gross loans, total deposits and total assets.
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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.