Welcome to our dedicated page for Traditions Bancorp news (Ticker: TRBK), a resource for investors and traders seeking the latest updates and insights on Traditions Bancorp stock.
Traditions Bancorp Inc (TRBK) provides comprehensive banking services across south-central Pennsylvania, specializing in residential mortgages and commercial lending solutions. This news hub offers investors and stakeholders timely updates on the company's financial developments and market position.
Access official press releases and curated analysis covering earnings announcements, leadership updates, risk management practices, and strategic initiatives. Our repository ensures transparent tracking of TRBK's performance in regional banking markets, including York and Lancaster County operations.
Key updates include quarterly financial results, dividend declarations, credit portfolio updates, and regulatory filings. All content undergoes strict verification to maintain accuracy and compliance with financial reporting standards.
Bookmark this page for centralized access to TRBK's evolving story in community banking. Monitor their unique position in mortgage lending markets and ongoing commitment to operational excellence through verified updates.
Traditions Bancorp (OTC Pink: TRBK) reported a net loss of $0.8 million for Q3 2024, compared to net income of $1.8 million in Q2 2024 and $1.4 million in Q3 2023. The loss was primarily due to $0.6 million in merger expenses and a $2.1 million loan loss reserve, including $1.6 million against a single substandard commercial loan. The company reported a loss per share of $0.28, compared to earnings of $0.66 in Q2 2024. Despite challenges, mortgage banking income remained solid, with gains on mortgage sales reaching $1.1 million. Book value per share increased to $24.85, up from $24.19 in Q2 2024.
Traditions Bancorp (OTC Pink: TRBK) has declared a quarterly cash dividend of $0.08 per common share, payable on November 18, 2024, to shareholders of record as of November 8, 2024. The bank operates eight full-service branches in York, Hanover, and Lancaster, plus a loan production office in Lemoyne, Cumberland County. With assets of $859 million as of June 30, 2024, and 140 associates, Traditions Bank serves south-central Pennsylvania with depository and borrowing services, specializing in residential mortgages.
Traditions Bancorp (OTC Pink: TRBK) reported net income of $1.8 million for Q2 2024, up from $1.4 million in Q1 and $1.3 million in Q2 2023. Earnings per share rose to $0.66, compared to $0.49 in Q1 and $0.47 in Q2 2023. The company saw loan growth of 3% and deposit growth of 6% year-over-year. However, net interest margin contracted to 2.99% from 3.31% in Q2 2023 due to rising funding costs. Mortgage banking income rebounded, with gains on sale of mortgages increasing to $1.5 million from $1.0 million in Q2 2023. The company declared a cash dividend of $0.08 per share.
Traditions Bancorp (OTC Pink: TRBK), parent company of Traditions Bank, has declared a quarterly cash dividend of $0.08 per common share. The dividend will be paid on August 12, 2024, to shareholders of record as of August 2, 2024. Traditions Bank, founded in 2002, operates eight full-service branch offices in York, Hanover, and Lancaster, along with a loan production office in Lemoyne, Cumberland County. As of March 31, 2024, the bank had assets of $841 million and 140 associates. Traditions Bank specializes in depository and borrowing services for businesses and individuals in south-central Pennsylvania, with a strong focus on residential mortgages.
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