PB Financial Corporation Declares First-Quarter, 2025 Dividend

Rhea-AI Summary

PB Financial (OTCQX:PBNC) has declared a quarterly cash dividend of $0.57 per share for the first quarter of 2025, payable on February 27, 2025, to shareholders of record as of February 11, 2025. This represents a 9.62% increase from the first quarter of 2024 dividend.

The annual dividend amounts to $2.28, yielding 4.75% based on the January 31, 2025 closing price of $47.99 per share. This marks the company's 53rd consecutive quarterly dividend since initiating payments in Q1 2012.

As of December 31, 2024, PB Financial reported total assets of $1.317 billion, loans of $1.129 billion, and total deposits of $1.115 billion.

Positive

• Quarterly dividend increased by 9.62% to $0.57 per share
• 53 consecutive quarters of dividend payments
• Consistent dividend growth since Q1 2012
• Strong asset base of $1.317 billion
• Healthy loan-to-deposit ratio with $1.129B loans and $1.115B deposits

Negative

• None.

ROCKY MOUNT, NC / ACCESS Newswire / February 3, 2025 / Ted E. Whitehurst, President and CEO of PB Financial Corporation (OTCQX:PBNC), the holding company for Providence Bank, announced today the Board of Directors approved a quarterly cash dividend of $0.57 per share on common stock outstanding to shareholders of record at the close of business on February 11, 2025. The dividend is payable February 27, 2025. This is an increase of 9.62% from the dividend paid during the 1^st quarter of 2024. This represents a $2.28 dividend on an annual basis and a yield of 4.75% (based on closing price on January 31, 2025, of $47.99/share).

Whitehurst commented, "This represents our 53rd consecutive quarterly cash dividend. The Company's consistent financial performance has allowed us to increase our cash dividend every quarter since we began paying dividends in the 1^st quarter of 2012. This continued increase in our cash dividend is an important part of our long-term strategy to enhance shareholder value."

PB Financial Corporation is headquartered at 450 N. Winstead Avenue in Rocky Mount, North Carolina. As of December 31, 2024, PB Financial Corporation had total assets of $1.317 billion, loans of $1.129 billion and total deposits of $1.115 billion.

www.pbknc.com

This press release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 regarding PB Financial Corporation. Those statements may include but are not limited to statements regarding the Company's plans, objectives, expectations and intentions and other statements identified by words such as "believes," "considers," "expects," "anticipates," "estimates," "intends," "plans," "targets," "projects," "would be," and similar expressions. These statements are based upon current beliefs and expectations of management of PB Financial Corporation and are subject to significant risks and uncertainties. Actual or future results or events may differ from those set forth in the forward-looking statements. PB Financial Corporation does not undertake to update any forward-looking statements in this press release. The information as of and for the quarter ended December 31, 2024 as presented is unaudited.

For more information, contact: February 3, 2025
Ted E. Whitehurst, President and CEO
252-467-2990; twhitehurst@pbknc.com

SOURCE: PB Financial Corp

View the original press release on ACCESS Newswire

FAQ

What is PB Financial 's (PBNC) Q1 2025 dividend amount?

PB Financial declared a quarterly dividend of $0.57 per share for Q1 2025.

When is PBNC's Q1 2025 dividend payable?

The dividend is payable on February 27, 2025, to shareholders of record as of February 11, 2025.

What is PBNC's annual dividend yield based on January 31, 2025 price?

The annual dividend yield is 4.75%, based on the January 31, 2025 closing price of $47.99 per share.

How much has PBNC increased its dividend compared to Q1 2024?

PBNC increased its quarterly dividend by 9.62% compared to Q1 2024.

What are PBNC's total assets as of December 31, 2024?

PB Financial reported total assets of $1.317 billion as of December 31, 2024.

How many consecutive quarters has PBNC paid dividends?

PBNC has paid dividends for 53 consecutive quarters since Q1 2012.