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 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.
Pacific Financial Corporation (OTCQX: PFLC) reported a net income of $1.6 million, or $0.15 per diluted share for Q2 2022, a decline from $1.7 million in Q1 2022 and $3.7 million in Q2 2021. Year-to-date net income was $3.3 million, down 59% from $8.0 million in the same period last year. The company declared a quarterly cash dividend of $0.13 per share, to be paid on August 25, 2022. Despite pressures from declining mortgage volume and lower net interest margins, the rising interest rate environment is expected to benefit future earnings.
Pacific Financial Corporation (OTCQX: PFLC) reported a net income of $1.7 million for Q1 2022, translating to $0.16 per diluted share, down from $4.2 million or $0.40 per diluted share in Q1 2021. The board declared a quarterly cash dividend of $0.13 per share, payable on May 27, 2022. Key metrics reveal a 2% increase in core deposits year-over-year and a 3% loan growth (excluding PPP loans). However, the net interest margin fell to 2.71% from 3.35% a year prior, reflecting challenges due to lower loan yields and a low interest rate environment.
Pacific Financial Corporation (OTCQX: PFLC) reported a net income of $2.1 million ($0.20 per diluted share) for Q4 2021, down from $3.8 million ($0.37 per diluted share) in Q4 2020. For the full year, net income rose 12% to $12.7 million ($1.22 per diluted share). The board declared a quarterly cash dividend of $0.13 per share, payable on February 28, 2022. Key metrics include a 15% year-over-year increase in total deposits and a solid asset quality with non-performing assets at just 0.11%. However, net interest margin decreased to 2.79%, impacted by low-interest rates and loan portfolio declines.
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