Welcome to our dedicated page for Pacific Fnl news (Ticker: PFLC), a resource for investors and traders seeking the latest updates and insights on Pacific Fnl stock.
Pacific Financial Corporation (PFLC) delivers community-focused banking services through its subsidiary Bank of the Pacific, serving Washington and Oregon with commercial solutions and digital banking innovation. This news hub provides investors and stakeholders with centralized access to official announcements and market developments.
Track PFLC's strategic initiatives through verified press releases covering earnings reports, leadership changes, regulatory filings, and technology implementations. Our curated collection ensures timely updates on branch expansions, product launches, and financial performance metrics relevant to regional banking operations.
Discover updates categorized for efficient research:
Financial disclosures: Quarterly results and SEC filings
Operational developments: Branch network changes and service enhancements
Technology initiatives: Digital banking feature rollouts
Community engagement: Local economic partnerships and CSR updates
Bookmark this page for streamlined monitoring of PFLC's evolving position in Northwest community banking. Combine regular checks with professional financial advice when making investment decisions.
Pacific Financial (OTCQX: PFLC) announced the retirement of Randy Rust from its Board of Directors, effective May 14, 2024. Randy joined the Board in 2003 and has since served in various roles including Chairman of the Information Technology and Building Committees, and member of the Audit and Director Loan Committees. Denise Portmann, President and CEO, lauded Randy's 21 years of dedicated service, leadership, and fiscal responsibility. Prior to his tenure at PFLC, Randy was co-owner of Westport Shipyard until 2000. He holds a Bachelor's degree in History and Political Science from Western Washington University and is a graduate of the Oregon Bankers Association Directors College.
Pacific Financial Corporation (OTCQX: PFLC) reported net income of $4.7 million ($0.45 per diluted share) for Q4 2022, a 62% increase from Q3 2022. Yearly net income decreased 14% to $10.9 million. Key highlights for Q4 include a 19% increase in net interest income to $12.9 million and a 70 basis points expansion in net interest margin (NIM) to 4.12%. The company declared a quarterly cash dividend of $0.13 per share, payable on February 24, 2023. Despite an annual decrease in net income and core deposits, the bank achieved strong asset quality and capital ratios exceeding regulatory requirements.
Pacific Financial Corporation (OTCQX: PFLC) reported a net income of $2.9 million or $0.28 per diluted share for Q3 2022, marking an 82% increase from Q2 2022. Year-to-date income totaled $6.2 million or $0.59 per share, down from $10.6 million in the previous year. The board declared a quarterly cash dividend of $0.13 per share, payable on November 25, 2022. Highlights include a 23% increase in net interest income, strong deposit growth, and minimal nonperforming assets at 0.07% of total assets. However, tangible book value per share decreased to $8.16 from $10.02 a year ago.
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