Pinnacle Bankshares Corporation Announces Increased Dividend
Pinnacle Bankshares Corporation (OTCQX: PPBN) has announced a quarterly cash dividend increase to $0.26 per share, up 4% from $0.25 in the previous quarter. The dividend will be payable on June 6, 2025, to shareholders of record as of May 23, 2025. This marks the company's 51st consecutive quarter of dividend payments.
The increased dividend is supported by Pinnacle's strong performance, with Q1 2025 net income of $2.26 million, representing an 8.5% increase compared to the same period last year. The company operates through First National Bank, serving Central and Southern Virginia with 19 branches across multiple counties and cities, including a recently opened loan production office and full-service branch in South Boston, Halifax County.
Pinnacle Bankshares Corporation (OTCQX: PPBN) ha annunciato un aumento del dividendo trimestrale in contanti a 0,26 $ per azione, con un incremento del 4% rispetto ai 0,25 $ del trimestre precedente. Il dividendo sarà pagabile il 6 giugno 2025 agli azionisti registrati al 23 maggio 2025. Questo segna il 51° trimestre consecutivo di distribuzione dei dividendi per l'azienda.
L'aumento del dividendo è sostenuto dalla solida performance di Pinnacle, con un utile netto del primo trimestre 2025 di 2,26 milioni di dollari, che rappresenta un incremento dell'8,5% rispetto allo stesso periodo dell'anno precedente. La società opera tramite First National Bank, servendo le regioni di Virginia Centrale e Meridionale con 19 filiali distribuite in diverse contee e città, inclusa una nuova filiale e ufficio di produzione prestiti recentemente aperti a South Boston, nella contea di Halifax.
Pinnacle Bankshares Corporation (OTCQX: PPBN) ha anunciado un aumento en el dividendo trimestral en efectivo a $0.26 por acción, un 4% más que los $0.25 del trimestre anterior. El dividendo se pagará el 6 de junio de 2025 a los accionistas registrados al 23 de mayo de 2025. Esto representa el 51º trimestre consecutivo de pagos de dividendos de la compañía.
El aumento del dividendo está respaldado por el sólido desempeño de Pinnacle, con un ingreso neto del primer trimestre de 2025 de $2.26 millones, lo que representa un aumento del 8.5% en comparación con el mismo período del año anterior. La empresa opera a través de First National Bank, atendiendo a las regiones Central y Sur de Virginia con 19 sucursales en varios condados y ciudades, incluida una oficina de producción de préstamos y sucursal de servicio completo recientemente inaugurada en South Boston, condado de Halifax.
Pinnacle Bankshares Corporation (OTCQX: PPBN)는 분기별 현금 배당금을 주당 0.26달러로 4% 인상했다고 발표했습니다. 이는 이전 분기의 0.25달러에서 증가한 금액입니다. 배당금은 2025년 6월 6일에 지급되며, 2025년 5월 23일 기준 주주에게 지급됩니다. 이는 회사가 51분기 연속으로 배당금을 지급하는 기록입니다.
배당금 인상은 Pinnacle의 강력한 실적에 기반하며, 2025년 1분기 순이익은 226만 달러로 전년 동기 대비 8.5% 증가했습니다. 회사는 First National Bank를 통해 중부 및 남부 버지니아 지역에서 19개의 지점을 운영하며, 최근 Halifax 카운티 South Boston에 신규 대출 생산 사무소 및 종합 서비스 지점을 개설했습니다.
Pinnacle Bankshares Corporation (OTCQX : PPBN) a annoncé une augmentation de son dividende trimestriel en espèces à 0,26 $ par action, soit une hausse de 4 % par rapport à 0,25 $ au trimestre précédent. Le dividende sera versé le 6 juin 2025 aux actionnaires inscrits au registre au 23 mai 2025. Cela marque le 51e trimestre consécutif de versement de dividendes par la société.
Cette augmentation du dividende est soutenue par la solide performance de Pinnacle, avec un résultat net du premier trimestre 2025 de 2,26 millions de dollars, soit une augmentation de 8,5 % par rapport à la même période de l'année précédente. La société opère via First National Bank, desservant les régions centrale et sud de la Virginie avec 19 agences réparties dans plusieurs comtés et villes, y compris un bureau de production de prêts et une agence à service complet récemment ouverts à South Boston, dans le comté de Halifax.
Pinnacle Bankshares Corporation (OTCQX: PPBN) hat eine Erhöhung der vierteljährlichen Bardividende auf 0,26 USD pro Aktie bekannt gegeben, was einer Steigerung von 4 % gegenüber 0,25 USD im vorherigen Quartal entspricht. Die Dividende wird am 6. Juni 2025 an die zum 23. Mai 2025 eingetragenen Aktionäre ausgezahlt. Dies markiert das 51. aufeinanderfolgende Quartal mit Dividendenausschüttungen des Unternehmens.
Die erhöhte Dividende wird durch die starke Leistung von Pinnacle gestützt, mit einem Nettoeinkommen von 2,26 Millionen USD im ersten Quartal 2025, was einer Steigerung von 8,5 % im Vergleich zum Vorjahreszeitraum entspricht. Das Unternehmen ist über die First National Bank tätig und bedient Zentral- und Süd-Virginia mit 19 Filialen in mehreren Landkreisen und Städten, einschließlich einer kürzlich eröffneten Kreditproduktionsstelle und einer vollwertigen Filiale in South Boston, Halifax County.
- Quarterly dividend increased by 4% to $0.26 per share
- 51 consecutive quarters of dividend payments, showing consistent shareholder returns
- Q1 2025 net income grew 8.5% year-over-year to $2.26 million
- Expanding presence with new loan production office and branch in Halifax County
- None.
ALTAVISTA, Va., May 14, 2025 (GLOBE NEWSWIRE) -- Pinnacle Bankshares Corporation (“Pinnacle” or the “Company”) (OTCQX: PPBN), the one-bank holding company for First National Bank (the “Bank”), announced today that its Board of Directors declared a cash dividend of
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“Pinnacle is pleased to provide an increased cash dividend of
Pinnacle Bankshares Corporation is a locally managed community banking organization serving Central and Southern Virginia. The one-bank holding company of First National Bank serves market areas consisting primarily of all or portions of the Counties of Amherst, Bedford, Campbell, Halifax, and Pittsylvania, and the Cities of Charlottesville, Danville, and Lynchburg. The Company has a total of nineteen branches with one branch in Amherst County within the Town of Amherst, two branches in Bedford County; five branches in Campbell County, including two within the Town of Altavista, where the Bank was founded; one branch in the City of Charlottesville, three branches in the City of Danville; three branches in the City of Lynchburg; and three branches in Pittsylvania County, including one within the Town of Chatham. A loan production office and a full-service branch have recently been opened in the South Boston area of Halifax County. First National Bank is in its 117th year of operation.
This press release may contain “forward-looking statements” within the meaning of federal securities laws that involve significant risks and uncertainties. Any statements contained herein that are not historical facts are forward-looking and are based on current assumptions and analysis by the Company. These forward-looking statements, including statements made in Mr. Hall’s quotes may include, but are not limited to, statements regarding the credit quality of our asset portfolio in future periods, the expected losses of nonperforming loans in future periods, returns and capital accretion during future periods, our cost of funds, the maintenance of our net interest margin, future operating results and business performance and our growth initiatives. Although we believe our plans and expectations reflected in these forward-looking statements are reasonable, our ability to predict results or the actual effect of future plans or strategies is inherently uncertain, and we can give no assurance that these plans or expectations will be achieved. Factors that could cause actual results to differ materially from management's expectations include, but are not limited to: changes in consumer spending and saving habits that may occur, including increased inflation; changes in general business, economic and market conditions; attracting, hiring, training, motivating and retaining qualified employees; changes in fiscal and monetary policies, and laws and regulations; changes in interest rates, inflation rates, deposit flows, loan demand and real estate values; changes in the quality or composition of the Company’s loan portfolio and the value of the collateral securing loans; changes in macroeconomic trends and uncertainty, including liquidity concerns at other financial institutions, and the potential for local and/or global economic recession; changes in demand for financial services in Pinnacle’s market areas; increased competition from both banks and non-banks in Pinnacle’s market areas; a deterioration in credit quality and/or a reduced demand for, or supply of, credit; increased information security risk, including cyber security risk, which may lead to potential business disruptions or financial losses; volatility in the securities markets generally, including in the value of securities in the Company’s securities portfolio or in the market price of Pinnacle common stock specifically; and other factors, which could cause actual results to differ materially from future results expressed or implied by such forward-looking statements. These risks and uncertainties should be considered in evaluating the forward-looking statements contained herein, and you should not place undue reliance on such statements, which reflect our views as of the date of this release.
CONTACT: Pinnacle Bankshares Corporation, Bryan M. Lemley, 434-477-5882 or bryanlemley@1stnatbk.com
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