SKYLINE BANKSHARES INC - $SLBK STOCK NEWS

Welcome to our dedicated page for SKYLINE BANKSHARES news (Ticker: $SLBK), a resource for investors and traders seeking the latest updates and insights on SKYLINE BANKSHARES stock.

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 SKYLINE BANKSHARES'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 SKYLINE BANKSHARES's position in the market.

04/24/2024 03:05 PM

News

Skyline Bankshares, Inc. Announces First Quarter 2024 Results

Rhea-AI Summary

Skyline Bankshares, Inc. announced its first quarter 2024 results with a net income of $2.1 million, or $0.37 per share, compared to $2.7 million, or $0.49 per share, in 2023. The company noted challenges from higher deposit costs and inflation impacting operating costs. Despite this, the solid loan growth and prudent capital management led to increased dividends and stock repurchases. The company also announced the pending acquisition of Johnson County Bank in Tennessee. Financially, the company saw total assets increase by $4.2 million in Q1 2024, net loans increase to $819.9 million, and total deposits rise to $930.4 million.

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04/17/2024 08:00 AM

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Skyline Bankshares, Inc. announces acquisition of Johnson County Bank

Rhea-AI Summary

Skyline Bankshares, Inc. acquires Johnson County Bank in a $25.0 million all-cash transaction, creating a combined organization with 28 banking locations, assets of nearly $1.2 billion, deposits over $1.0 billion, and shareholders' equity of approximately $89.1 million. The partnership aims to enhance service to local communities in Tennessee and maintain an exceptional customer experience.

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02/23/2024 12:23 PM

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Skyline Bankshares, Inc. Announces Semi-Annual Cash Dividend

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Skyline Bankshares, Inc. (SLBK) declares a semi-annual cash dividend of $0.23 per share, a 9.52% increase from the previous dividend. The dividend will be paid on March 18, 2024, to shareholders of record on March 8, 2024. Skyline National Bank, the Company's subsidiary, operates in Virginia and North Carolina with 27 branches and 2 loan production offices.

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02/05/2024 04:05 PM

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Skyline Bankshares, Inc. Announces Fourth Quarter 2023 Results

Rhea-AI Summary

Skyline Bankshares, Inc. announced its Q4 2023 results, recording a net income of $2.2 million, or $0.39 per share, compared to $2.1 million, or $0.37 per share, for Q3 2023, and $2.9 million, or $0.51 per share, for Q4 2022. For the year ended December 31, 2023, net income was $9.7 million, compared to $10.3 million for 2022. The ROAA was 0.96% and ROAE was 12.70%, compared to 1.01% and 13.35% for the same period in 2022. Total assets increased by 4.82% to $1.05 billion. Net loans increased by 8.33% to $811.0 million. Total deposits increased by 0.91% to $928.7 million. The company repurchased 46,712 shares of its common stock in 2023.

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11/01/2023 04:07 PM

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Skyline Bankshares, Inc. Announces Third Quarter 2023 Results

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Skyline Bankshares, Inc. announced its Q3 2023 results with net income of $2.1 million, or $0.37 per share, compared to $2.8 million, or $0.50 per share, in Q3 2022. Total assets increased to $1.02 billion, and net loans grew to $791.1 million. However, total deposits decreased to $908.1 million.

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0.49%

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