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PSB Holdings Inc (WI) - PSBQ STOCK NEWS

Welcome to our dedicated news page for PSB Holdings (WI) (Ticker: PSBQ), a resource for investors and traders seeking the latest updates and insights on PSB Holdings (WI).

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect PSB Holdings (WI)'s stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of PSB Holdings (WI)'s position in the market.

Rhea-AI Summary
PSB Holdings, Inc. reported first quarter 2024 earnings of $0.39 per share, with tangible net book value per share up 8% in the past year. Net interest income declined, non-interest income decreased due to investment restructuring, and non-interest expenses increased. Total assets decreased, loans increased, and the allowance for credit losses slightly rose. Tangible book value per share increased to $24.21. Overall, PSB continues to focus on building shareholder value despite challenges like rising funding costs.
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End-of-Day
-2.33%
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Rhea-AI Summary
PSB Holdings, Inc. reported fourth-quarter earnings of $0.55 per share on net income of $2.3 million, compared to $0.29 per share on net income of $1.2 million in the third quarter, and $0.80 per share on net income of $3.5 million in the fourth quarter of 2022. The company's net interest income remained unchanged at $9.6 million, and the effective tax rate declined to 26.7%. Tangible book value per common share increased 7.1% to $23.84, and the return on tangible common equity was 9.64%. Loans decreased $19.5 million, and non-interest income was $1.1 million compared to $1.7 million in the prior quarter. Total assets decreased slightly to $1.42 billion, and total deposits decreased $30.4 million to $1.14 billion. The company's tangible stockholder equity as a percent of total tangible assets was 7.49% at December 31, 2023.
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Rhea-AI Summary
PSB Holdings, Inc. (OTCQX: PSBQ) has declared a regular semi-annual cash dividend of $0.30 per share of the Company’s common stock. The dividend is payable January 29, 2024, to shareholders of record as of January 10, 2024, representing a 20.0% increase over the previous dividend. This continues a 59-year tradition of cash dividends to PSB shareholders, including 30 consecutive years of increased cash dividends declared per share. PSB President and CEO Scott M. Cattanach stated that the franchise remains on sound footing, enabling dividend payments to shareholders while expanding their reach in the communities they serve.
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Rhea-AI Summary
PSB Holdings, Inc. (PSBQ) announces participation in DA Davidson Bison Select Bank Conference. President and CEO, CFO, and Senior VP to attend one-on-one meetings with institutional investors in New York, NY. Management's discussion materials to be posted on the company's website.
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2.35%
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Rhea-AI Summary
PSB Holdings, Inc. reports third quarter earnings of $0.29 per common share on net income of $1.2 million, compared to $0.64 per common share on net income of $2.7 million in the previous quarter. The company expects a 6% reduction in effective tax rate on future earnings due to a change in Wisconsin state tax law. Net interest income increased to $9.6 million for the quarter. Total loans receivable increased by $49.7 million to $1.1 billion. Total deposits increased by $29.1 million to $1.17 billion.
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1.49%
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2.99%
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PSB Holdings Inc (WI)

OTC:PSBQ

PSBQ Rankings

PSBQ Stock Data

88.71M
3.36M
9.28%
Commercial Banking
Finance and Insurance
Link
US
Wausau

About PSBQ

psb holdings limited is an insurance company located in station rd, cambridge, united kingdom.