Psb Holdings Stock Price, News & Analysis

PSB Holdings, Inc. (OTCQX: PSBQ) announced a semi-annual cash dividend of $0.25 per share, reflecting an 8.70% increase over last year’s dividend of $0.23. This dividend will be payable on January 30, 2023, to shareholders recorded by January 6, 2023. This marks the continuation of a 58-year dividend tradition, with 29 consecutive years of increased payouts. CEO Scott M. Cattanach emphasized the importance of dividends in enhancing shareholder value while also investing in long-term growth and maintaining strong capital and asset quality.

PSB Holdings, Inc. (OTCQX: PSBQ) announced a share repurchase program targeting up to 5% of its outstanding shares. The company plans to repurchase shares through open market transactions or block trades, depending on factors such as market conditions and financial performance. PSB emphasizes that share repurchases are a critical tool for reallocating capital and expresses confidence in its robust capital position to support shareholder investments.

PSB Holdings, Inc. (OTCQX: PSBQ) has successfully raised $7.2 million in preferred stock and $4.8 million in subordinated debt securities, aimed at enhancing its capital position. The preferred stock offers a 6.75% fixed dividend for the first five years, transitioning to a floating rate thereafter. The subordinated debt features a 4.75% interest rate for five years, with interest-only payments. PSB's President and CEO Scott Cattanach highlighted the company's consistent profitability and 29 years of increased dividends to common shareholders, signaling confidence in future growth opportunities.

PSB Holdings, Inc. (OTCQX: PSBQ) reported third quarter 2022 earnings of $0.80 per share, with net income of $3.5 million, an increase from $3.2 million in Q2 2022 but a slight decrease from $3.6 million in Q3 2021. Net interest income rose to $10.1 million, largely driven by a 1.2% increase in loans. Noninterest income fell to $1.7 million due to declining mortgage loan sales. The company's asset quality remained high, with non-performing assets at 0.85%. Deposit growth was strong, increasing to $1.15 billion. Management anticipates challenges in loan growth due to economic policies.

PSB Holdings, Inc. (OTCQX: PSBQ) announced participation in the Raymond James U.S. Bank Conference on September 7-8, 2022. President and CEO Scott Cattanach, CFO Jessica Brown, and Senior VP Pat Heier will engage in one-on-one meetings with institutional investors. Discussion materials will be accessible on the company's investor website by September 7, 2022. PSB operates Peoples State Bank, serving Northcentral and Southeastern Wisconsin with ten locations and additional services through Peoples Wealth Management.

PSB Holdings, Inc. (OTCQX: PSBQ) reported Q2 2022 earnings of $0.72 per share, net income at $3.2 million, down from $0.75 per share and $3.3 million in Q1 2022. Loan growth increased by 5.7% to $925 million, driven by seasonal demand. Net interest income slightly rose to $9.7 million, while noninterest income fell to $1.9 million. Expenses increased by $259,000 to $7.5 million, predominantly due to higher employee costs. The tangible book value decreased to $21.10 per share, influenced by unrealized losses on securities due to rising interest rates.

PSB Holdings, Inc. (OTCQX: PSBQ) announced a semi-annual cash dividend of $0.25 per share, payable on July 29, 2022, to shareholders of record as of July 15, 2022. This marks an 8.7% increase from last year's dividend of $0.23 per share and continues a tradition of cash dividends upheld for 58 years, with 29 consecutive years of increases. President and CEO Scott M. Cattanach stated that the bank is well-positioned amidst rising interest rates and inflation, supported by a healthy local economy.

Peoples State Bank appointed Jessica Brown as Senior Vice President and CFO, effective June 15, 2022. With over 25 years in the banking sector, Brown previously served as CFO for a $5 billion credit union. She aims to enhance the bank's profitability and financial reporting while managing capital funding and balance sheet aspects. Brown’s experience includes leadership roles in both large banks and community banks, emphasizing operational efficiency and growth. She will also serve as CFO and Secretary of PSB Holdings, the bank's parent company, which trades under the stock symbol PSBQ.

PSB Holdings, Inc. (OTCQX: PSBQ) reported first quarter 2022 earnings of $0.75 per share, with net income at $3.3 million, up from $3.1 million in the previous quarter but down from $3.9 million year-over-year. Key highlights include a rise in net interest income to $9.6 million and a drop in noninterest income to $2.0 million, largely due to reduced gains on mortgage loan sales. The bank's tangible book value decreased to $21.82 per share due to unrealized losses. Total assets fell to $1.27 billion, and total deposits decreased by $15.8 million.