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TRADITIONS BANCORP INC - $TRBK STOCK NEWS

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.

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 TRADITIONS BANCORP'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 TRADITIONS BANCORP's position in the market.

News
Traditions Bancorp, Inc. Reports First Quarter 2024 Earnings
Rhea-AI Summary
Traditions Bancorp, Inc. reported a net income of $1.4 million for Q1 2024, an increase from $0.7 million in the previous quarter and slightly lower than $1.5 million in Q1 2023. Earnings per share were 49 cents for Q1 2024. The company highlighted growth in loans and deposits, but faced challenges with rising funding costs and interest rates. Mortgage banking income surpassed expectations, offsetting lower net interest income. The company remains cautiously optimistic for the year, contingent on mortgage banking activity and inflation. Key financial data includes a decrease in net interest income, an increase in other expenses, and a credit loss provision of $132 thousand. Nonaccrual loans decreased, but non-performing assets increased slightly. Traditions Bancorp and Traditions Bank are well capitalized.
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End-of-Day
-1.38%
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Traditions Bancorp Announces First Quarter 2024 Cash Dividend
Rhea-AI Summary
Traditions Bancorp, the parent company of Traditions Bank, has announced a quarterly cash dividend of eight cents per common share to be paid on May 13, 2024. With assets of $840 million and 140 associates, the bank offers depository and borrowing services in south-central Pennsylvania.
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TRADITIONS BANCORP AND TRADITIONS BANK ANNOUNCE RETIREMENT OF CHARTER BOARD MEMBER, WILLIAM J. SHORB
Rhea-AI Summary
Traditions Bancorp, Inc. (TRBK) announces the retirement of William J. Shorb from its Board of Directors after 22 years of service. Shorb, a founding board director, played key roles in the organization's loan committee and enterprise risk management committee. His departure is praised by the company's leadership for his valuable contributions.
Rhea-AI Impact
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End-of-Day
-0.28%
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management
News
Traditions Bancorp, Inc. Reports Fourth Quarter Earnings and Results for 2023
Rhea-AI Summary
Traditions Bancorp, Inc. reported a decline in net income for the fourth quarter of 2023 compared to the previous year, as well as a decrease in earnings per share. The company's net interest margin contracted, and there was an increase in nonaccrual loans and non-performing assets. Despite these challenges, Traditions Bancorp has implemented strategic measures to preserve capital and better position the company for the future.
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Traditions Bancorp Announces Fourth Quarter 2023 Cash Dividend
Rhea-AI Summary
Traditions Bancorp (TRBK) announced a quarterly cash dividend of eight cents per common share, to be paid on February 12, 2024. With $850 million in assets as of September 30, 2023, and 150 associates, Traditions Bank operates seven full-service branch offices in Pennsylvania, providing depository and borrowing services to businesses and individuals in the region.
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Traditions Bancorp, Inc. Reports Third Quarter 2023 Earnings
Rhea-AI Summary
Traditions Bancorp, Inc. reported net income of $1.4 million for Q3 2023, compared to $1.3 million in the previous quarter and $1.6 million in Q3 2022. Earnings per share (diluted) were 51 cents for Q3 2023, up from 47 cents in the previous quarter. The company's net interest margin contracted to 3.29% in Q3 2023. Loans grew by $89.4 million, or 15%, over the previous year. Deposits increased by $43.2 million, or 7%, over the previous year. Gains on the sale of mortgages declined to $0.8 million in Q3 2023. The company declared a cash dividend of eight cents per common share.
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Traditions Bancorp Announces Third Quarter 2023 Cash Dividend
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Traditions Bancorp declares quarterly cash dividend of eight cents per common share
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Traditions Bancorp, Inc. Reports Second Quarter 2023 Earnings
Rhea-AI Summary
Traditions Bancorp, Inc. reported a net income of $1.3 million for Q2 2023, compared to $1.5 million in Q1 2023 and $1.5 million in Q2 2022. The decrease in earnings was driven by depressed mortgage banking revenue, higher deposit funding costs, and increasing reliance on wholesale borrowing. Earnings per share (diluted) were 47 cents for Q2 2023, compared to 55 cents in Q1 2023 and 54 cents in Q2 2022. The company experienced unrealized investment portfolio losses of $12.3 million at the end of Q2 2023. Book value per common share was $22.29 on June 30, 2023. Loans grew by $100.8 million, or 18%, over Q2 2022. The cost of deposits increased to 1.87% for Q2 2023. Gains on the sale of mortgages were $1.0 million for Q2 2023. The company declared a cash dividend of eight cents per common share.
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Traditions Bancorp Announces Second Quarter 2023 Cash Dividend
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TRADITIONS BANK WELCOMES JILL E. GILBERT TO ITS BOARD OF DIRECTORS
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-0.29%
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management
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TRADITIONS BANCORP INC

OTC:TRBK

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TRBK Stock Data

47.48M
1.73M
15.56%
Commercial Banking
Finance and Insurance
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United States of America
York