POTOMAC BANCSHARES DECLARES 15% INCREASE TO QUARTERLY CASH DIVIDEND

Rhea-AI Summary

Potomac Bancshares (OTCID: PTBS) declared a 15% increase to its quarterly cash dividend to $0.15 per share from $0.13. The dividend is for shareholders of record on May 7, 2026 and is payable on May 14, 2026. Management linked the increase to continued strong performance.

Positive

• Dividend increase of 15% to $0.15 per share
• Record date set for May 7, 2026 with payment May 14, 2026
• Management signal of confidence citing continued strong performance

Negative

• Absolute increase is $0.02 per share, a modest cash uplift
• Near-term cash outflow implied by the May 14, 2026 payment date

News Market Reaction – PTBS

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In the Apr 22 session, PTBS gained 3.44%, reflecting a moderate positive market reaction.

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CHARLES TOWN, W.Va., April 22, 2026 /PRNewswire/ -- (OTCID:PTBS) – The Board of Directors of Potomac Bancshares, Inc., the bank holding company of Potomac Bank, declared at their April Board meeting a quarterly cash dividend on common stock of $0.15 per share, a 15% increase from the previous quarter's dividend of $0.13 share. The dividend was declared for all shareholders of record on May 7, 2026, and is payable on May 14, 2026.

"In recognition of our continued strong performance, the Board is pleased to provide shareholders a 15% increase in their dividend," stated Alice P. Frazier, President and CEO. "This increase underscores our focus on sustained shareholder return."

About the Company

Potomac Bancshares, Inc. is the bank holding company of Potomac Bank, Inc., which was founded in 1871 as Bank of Charles Town and renamed Potomac Bank on November 3, 2025. The Company's total assets were $944 million as of December 31, 2026. The Bank conducts operations through its nine-branch network and one loan production office serving the Eastern Panhandle of West Virginia, Washington County, Maryland, and Northern Virginia. The Bank offers comprehensive financial solutions through its consumer and commercial banking divisions, Trust, Wealth, and BCT Investments divisions, and its Residential Lending mortgage division. The Bank is also proud to serve its communities as a Small Business Administration (SBA) Preferred Lender. Over the past several years, the Bank has received numerous awards and recognitions, including American Banker's "Top 200 Community Banks" and "Best Banks to Work For", the Journal-News "Best of the Best" award, and the LoudounNow "Loudoun's Favorite" award. 

The Company's shares are quoted on the OTCID marketplace under the symbol "PTBS." For more information about the Bank, please visit our website at www.potomac.bank.

Forward-Looking Statements

Certain statements made in this press release may constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are statements that include projections, predictions, expectations, or beliefs about events or results or otherwise are not statements of historical facts, such as statements about the Company's growth strategy and deployment of capital. Although the Company believes that its expectations with respect to such forward-looking statements are based upon reasonable assumptions within the bounds of its existing knowledge of its business and operations, there can be no assurance that actual results, performance, or achievements of the Company will not differ materially from those expressed or implied by such forward-looking statements. Factors that could cause actual results to differ from those discussed in such forward-looking statements include, but are not limited to, the following: (1) general economic conditions, especially in the communities and markets in which the Company conducts its business; (2) credit risk, including risk that negative credit quality trends may lead to a deterioration of asset quality, risk that our allowance for credit losses may not be sufficient to absorb actual losses in the Company's loan portfolio, and risk from concentrations in the Company's loan portfolio; (3) changes in the real estate market, including the value of collateral securing portions of the Company's loan portfolio; (4) changes in the interest rate environment; (5) operational risk, including cybersecurity risk and risk of fraud, data processing system failures, and network breaches; (6) changes in technology and increased competition, including competition from non-bank financial institutions; (7) changes in consumer preferences, spending and borrowing habits, demand for our products and services, and customers' performance and creditworthiness; (8) difficulty growing loan and deposit balances; (9) the Company's ability to effectively execute its business plan; (10) changes in regulations, laws, taxes, government policies, monetary policies and accounting policies affecting bank holding companies and their subsidiaries, including changes in deposit insurance premiums; (11) deterioration in the financial condition of the U.S. banking system may impact the valuations of investments the Company has made in the securities of other financial institutions; (12) regulatory enforcement actions and adverse legal actions; (13) difficulty attracting and retaining key employees; and (14) other economic, competitive, technological, operational, governmental, regulatory, and market factors affecting the Company's operations. The 7 Company undertakes no obligation to publicly update or revise any forward-looking statements, whether because of new information, future events or otherwise, except as required by applicable law.

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SOURCE Potomac Bancshares, Inc.

FAQ

What dividend did Potomac Bancshares (PTBS) announce on April 22, 2026?

The company announced a quarterly cash dividend of $0.15 per share, a 15% increase from $0.13. According to the company, the increase reflects continued strong performance and applies to all shareholders of record on May 7, 2026.

When is the Potomac Bancshares (PTBS) dividend record date and payment date?

The record date is May 7, 2026 and the payment date is May 14, 2026. According to the company, shareholders of record on May 7 will receive the $0.15 per share cash dividend on May 14.

How much did Potomac Bancshares (PTBS) increase its dividend by in 2026?

The dividend was increased by 15%, rising from $0.13 to $0.15 per share. According to the company, the Board approved the increase at its April meeting to reflect continued strong performance.

What does the PTBS dividend increase mean for shareholders on May 14, 2026?

Shareholders of record on May 7 will receive a $0.15 per share cash payment on May 14, 2026. According to the company, this distributes additional cash to shareholders and signals management confidence in performance.

Will the Potomac Bancshares (PTBS) dividend change shareholder ownership or cause dilution?

No—this is a cash dividend payment of $0.15 per share and does not issue new shares. According to the company, the action distributes earnings rather than altering share count or diluting ownership.

Who announced the PTBS dividend increase and why was it raised?

The Board and President & CEO Alice P. Frazier announced the increase to $0.15 per share. According to the company, the raise was made in recognition of continued strong performance and to support shareholder returns.