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.
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.
Providence Bank announces plans to expand into the Raleigh, NC market with a new office set to open in Q4 2020, pending regulatory approval. Located at 100 E. Six Forks Road, Suite 304, the branch aims to offer a comprehensive range of banking services to individuals and businesses in Wake County. As of June 30, 2020, the bank reported total assets of $563.9 million and has earned a Five-Star rating from Bauer Financial. This represents a strategic move to deepen existing relationships and attract new clients in the area.