PB Financial Corporation Reports Record Earnings for Both the Fourth Quarter and the Year 2025

Rhea-AI Summary

PB Financial Corporation (OTCQX:PBNC) reported record quarterly and full-year 2025 results. Net income available to common shareholders was $6.05M for Q4 2025 (+53.64% YoY) and $21.57M for full-year 2025 (+36.40% YoY). Basic EPS rose to $7.51 for 2025, up 30.84% from 2024. Total assets increased to $1.404 billion and deposits were $1.186 billion at year-end. The company reported a total shareholder return of 28.33% in 2025 and paid cash dividends of $2.34 per share, continuing a 56-quarter dividend streak.

Positive

• Net income +36.40% YoY for 2025 to $21.57M
• Quarterly net income +53.64% YoY to $6.05M in Q4 2025
• Basic EPS +30.84% YoY to $7.51 for 2025
• Total shareholder return 28.33% for 2025

Negative

• Noninterest expense +17.02% YoY to $23.05M for 2025
• Income tax expense +28.10% YoY to $6.60M for 2025
• Preferred stock dividends +13.88% YoY to $1.26M for 2025

News Market Reaction

+1.53%

1 alert

+1.53% News Effect

On the day this news was published, PBNC gained 1.53%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

ROCKY MOUNT, NC / ACCESS Newswire / January 22, 2026 / Ted E. Whitehurst, President and CEO of PB Financial Corporation (OTCQX:PBNC), the holding company (the "Company") for Providence Bank, announced today that the Company reported net income available to common shareholders for the quarter ended December 31, 2025, of $6,049,519 compared to $3,937,492 for the same period in 2024, an increase of 53.64%. For 2025, net income available to common shareholders was $21,571,965 compared to $15,814,873 for 2024, an increase of 36.40%.

As of December 31, 2025, the Company reported total assets of $1.404 billion compared to $1.317 billion at December 31, 2024, an increase of 6.56%. Total deposits were $1.186 billion and gross loans were $1.180 billion at the end of 2025, compared to total deposits of $1.115 billion and gross loans of $1.129 billion at the end of 2024, increases of 6.38% and 4.51% respectively.

Whitehurst commented, "I am pleased to report record quarterly and full year earnings for our Company. We were able to show strong increases in our quarterly and annual net income available to shareholders as we continued to see efficiencies from our strategic merger with Coastal Bank & Trust in 2024. The hard work and dedication of our employees to serve our customers continues to drive our success. Our strong financial performance helped drive our shareholder value as our stock had a total return of 28.33% for 2025 (includes cash dividends and gain in stock value). As always, we will continue to look for opportunities to continue enhancing shareholder value."

For 2025, the Company had basic earnings of $7.51 per share compared to basic earnings of $5.74 per share in 2024, an increase of 30.84%. The December 31, 2025, book value per common share was $45.40, and the tangible book value per common share was $40.75. In 2025, the Company paid cash dividends of $2.34 per share for each share of common stock outstanding, an increase of approximately 8.84% from the cash dividends paid in 2024. The Company has paid 56 consecutive quarterly cash dividends since it began paying cash dividends in the first quarter of 2012. The quarterly cash dividend has increased each quarter.

Providence Bank is a state-chartered community bank headquartered at 450 N. Winstead Avenue in Rocky Mount, North Carolina, with branches in Rocky Mount, Tarboro, Nashville, Wilson, Raleigh, Jacksonville, Holly Ridge, Morehead City and Richlands, as well as a loan production office in New Bern.

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 quarters ended December 31, 2025 and December 31, 2024 as presented is unaudited.

For more information, contact:

Ted E. Whitehurst, President and CEO
252-467-2990; twhitehurst@pbknc.com

PB Financial Corporation

Consolidated Balance Sheets and Statements of Operations

Balance Sheets		December 31,				December 31,
In Thousands		2025				2024
Assets		(unaudited)					*
Cash and due from banks		$	10,521			$	11,445
Interest-earning deposits with banks			24,093				13,385
Investment securities			143,472				114,048
Loans, gross			1,180,246				1,129,337
Allowance for credit losses			(10,493	)			(10,205	)
Intangible assets			13,854				14,278
Other assets			41,900				44,922
Total assets		$	1,403,593			$	1,317,210
Liabilities and
Stockholders' Equity
Deposits		$	1,186,279			$	1,115,145
Borrowed funds			53,121				58,496
Other liabilities			11,120				10,282
Shareholders' Equity			153,073				133,287
Total liabilities and
stockholders' equity		$	1,403,593			$	1,317,210
Book value per share		$	45.40			$	39.63
Tangible book value per share		$	40.75			$	34.72

Statements of Operations

		For the three months ended								For the twelve months ended
In Thousands		December 31,				December 31,				December 31,				December 31,
		2025				2024				2025				2024
		(unaudited)				(unaudited)				(unaudited)				(unaudited)
Interest income		$	22,434			$	21,158			$	88,022			$	77,820
Interest expense			9,081				9,559				37,174				35,816
Net interest income			13,353				11,599				50,848				42,004
Provision for credit losses			143				1,600				422				1,955
Net interest income after
provision for credit losses			13,210				9,999				50,426				40,049
Non interest income			604				442				2,057				1,723
Non interest expense			5,768				4,998				23,052				19,699
Income before income taxes			8,046				5,443				29,431				22,073
Income tax expense			1,682				1,192				6,604				5,156
Net income			6,364				4,251				22,827				16,917
Preferred stock dividends			314				314				1,255				1,102
Net income available to common stockholders		$	6,050			$	3,937			$	21,572			$	15,815
Net income per common share - basic		$	2.10			$	1.37			$	7.51			$	5.74
Net income per common share - diluted		$	1.97			$	1.32			$	7.11			$	5.52

* Derived from audited financial statements

SOURCE: PB Financial Corp.

View the original press release on ACCESS Newswire

FAQ

What were PB Financial (PBNC) net income results for Q4 2025 and full-year 2025?

PB Financial reported Q4 2025 net income available to common shareholders of $6.05M and full-year 2025 of $21.57M.

How much did PBNC basic earnings per share increase in 2025?

Basic earnings per share increased to $7.51 in 2025, a 30.84% rise from 2024.

What were PB Financial's total assets and deposits at December 31, 2025?

Total assets were $1.404 billion and total deposits were $1.186 billion at December 31, 2025.

Did PBNC pay dividends in 2025 and is the dividend track record intact?

Yes; PBNC paid cash dividends of $2.34 per share in 2025 and has paid quarterly dividends for 56 consecutive quarters.

Which expense trends could concern PB Financial shareholders after 2025 results?

Shareholders may note noninterest expense rose 17.02% YoY and income tax expense rose 28.10% YoY in 2025.

How did PBNC perform in total shareholder return for 2025?

PB Financial reported a total shareholder return of 28.33% for 2025, including dividends and stock price gain.