Potomac Bancshares Inc Stock Price, News & Analysis

BCT-Bank of Charles Town (OTC: PTBS) has been recognized as a recipient of the 2022 Best of the Best Readers' Choice Awards in three categories: Bank, Loan Service, and Financial Service/Planning Company. This recognition, based on community votes, highlights the bank's commitment to customer satisfaction and quality service. With approximately $771 million in assets as of September 30, 2022, BCT operates multiple branches across Virginia, Maryland, and West Virginia, offering a wide range of banking and financial services.

Potomac Bancshares, Inc. (OTC: PTBS) reported Q3 2022 net income of $2.084 million, or $0.50 per share, down from $2.212 million, or $0.54 in Q3 2021. Year-to-date net income is $5.358 million, compared to $5.722 million in 2021. Total assets grew 10.1% to $771.3 million, while total loans increased 16.7% to $598.4 million. Despite strong loan growth, net interest margin improved to 3.49%. A $225,000 loan loss provision was recorded this quarter. A dividend of $0.09 per share was declared, payable on November 9, 2022.

The Board of Directors of Potomac Bancshares, Inc. (OTC:PTBS) announced a quarterly dividend of $0.09 per share during its October meeting. This dividend applies to all shareholders of record on November 2, 2022, with the payment scheduled for November 9, 2022. As of June 30, 2022, the company reported approximately $739 million in assets and operates through Bank of Charles Town, serving multiple locations in West Virginia, Maryland, and Virginia.

The BCTCares Foundation has raised $56,000 for local backpack food charities aimed at supporting food-insecure children. The funds were distributed equally among four partner charities, allowing them to provide approximately 5,600 take-home backpacks filled with food for weekend meals. The fundraising period spanned from July 1, 2022 to August 31, 2022. CEO Alice P. Frazier highlighted a 40%-50% increase in food prices and a rise in the number of children in need, emphasizing the community's strong support in these challenging times.

Potomac Bancshares, Inc. (OTC: PTBS) reported Q2 2022 net income of $1.605 million or $0.39 per share, a decrease from $1.732 million or $0.42 in Q2 2021. Total assets rose to $739.4 million, up 10% year-over-year. Loans increased 10.8% to $572.2 million, with non-performing assets at a low 0.01%. Net interest income surged 10.1% to $11.0 million. The company declared a $0.09 dividend payable on August 11, 2022. Despite positive growth metrics, ROA and ROE declined compared to last year, reflecting market challenges.

Potomac Bancshares, Inc. (OTC:PTBS) announced a quarterly dividend of $0.09 per share during its July Board meeting. This dividend will be available to all shareholders on record as of August 4, 2022, and is set to be paid on August 11, 2022. The company, which operates the Bank of Charles Town, reported approximately $719 million in assets as of March 31, 2022, and continues to provide a range of financial services across various locations.

BCT - Bank of Charles Town (OTC: PTBS) has launched its second annual BCTCares "Pack the 'Pack" campaign, running from July 1 to August 31, 2022, aimed at raising funds for local backpack food programs supporting food-insecure children. The goal is to fill 5,000 backpacks with nutritious food, with a $5 donation providing meals for a child for a day.

CEO Alice Frazier emphasized the growing need amid inflation, urging community participation to fight hunger. The campaign collaborates with local charities to ensure the funds contribute directly to those in need.

BCT-Bank of Charles Town (OTC:PTBS) awarded the Robert "Bob" F. Baronner Jr. Memorial Scholarship to Olivia B. Grove, a Musselman High School graduate. The scholarship provides $10,000 over four years as she becomes a first-generation college student at Shepherd University. Since its inception, the Baronner Scholarship has disbursed a total of $50,000 to local students. BCT's President, Alice P. Frazier, praised Grove for her academic excellence and leadership skills. Founded in 1871, BCT has approximately $719 million in assets as of March 31, 2021.

BCT Wealth Advisors, part of Bank of Charles Town, has promoted Amber C. Owens to Wealth Administrator as of June 14, 2022. Owens, who has been with the company since 2019, will manage client portfolio processes and transactions, reporting to Leslie Crabill, Senior VP. With a Master's in Business Administration from Shepherd University, Owens is recognized for her crucial role in enhancing client experiences during market volatility. She is actively involved in diversity initiatives and contributes to her community.