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 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.
PB Financial Corporation reported a net income of $2,150,425 for Q1 2021, a 41.85% increase from $1,515,938 in Q1 2020. Total assets grew to $617.6 million, reflecting a 16.20% rise from $531.5 million a year ago. Deposits rose by 21.86% to $484.5 million, while gross loans increased by 18.19% to $495.9 million. Earnings per share reached $0.98, up 42.03% from $0.69 in 2020. The company also paid a quarterly dividend of $0.23, marking the 37th consecutive increase.
PB Financial Corporation (OTCQX:PBNC) has declared a quarterly cash dividend of $0.22 per share for shareholders of record by November 2, 2020. The dividend, payable on November 23, 2020, marks a 22.22% increase from the previous year's fourth-quarter dividend. This equates to an annualized dividend of $0.88 and a yield of 2.93% based on the October 23 closing price of $30.00 per share. This is the 36th consecutive quarterly dividend, reflecting the company's commitment to enhancing shareholder value.