Pb Finl Stock Price, News & Analysis

PB Financial Corporation (PBNC) is a financial holding company in the commercial banking industry, operating in the finance and insurance sector. According to company disclosures in multiple press releases, PB Financial Corporation is the holding company for Providence Bank, a state-chartered community bank. The company’s common stock trades on the OTCQX market under the symbol PBNC.

PB Financial Corporation states that it is headquartered in Rocky Mount, North Carolina. In its dividend and earnings announcements, the company repeatedly describes Providence Bank as a state-chartered community bank headquartered in Rocky Mount, North Carolina, with branches in Rocky Mount, Tarboro, Nashville, Wilson, Raleigh, Jacksonville, Holly Ridge, Morehead City and Richlands, and a loan production office in New Bern. These locations indicate a community banking footprint focused on North Carolina markets.

In its public communications, PB Financial Corporation emphasizes its role as the parent company for Providence Bank and highlights the bank’s community banking orientation. The company reports consolidated financial information that includes total assets, loans and deposits at the holding company level, reflecting its commercial banking activities through Providence Bank. The press releases provide recurring data on total assets, gross loans and total deposits at various quarter-ends, underscoring that PB Financial Corporation’s business is centered on traditional banking operations conducted through its bank subsidiary.

Dividend history and shareholder focus

PB Financial Corporation places significant emphasis on its cash dividend track record. In multiple announcements, the company notes that it has paid consecutive quarterly cash dividends since it began paying dividends in the first quarter of 2012. The company also states that the quarterly cash dividend has been increased every quarter since dividends were initiated. Press releases describe these consecutive and increasing dividends as part of a long-term strategy to enhance shareholder value.

The company’s communications highlight the cumulative dividends received by original shareholders relative to their initial purchase price per share. PB Financial Corporation notes that original shareholders have received total cash dividends per share that are comparable to or greater than the original purchase price cited in the press releases. Management commentary in these releases characterizes the ongoing dividend increases as a key element of the company’s approach to returning capital to shareholders.

Earnings and growth profile

PB Financial Corporation regularly reports its financial performance in terms of net income available to common shareholders, basic and diluted earnings per share, book value per share and tangible book value per share. The company’s press releases describe periods of record quarterly earnings and record first, second and third quarter results. They also present growth rates in net income, total assets, total deposits and gross loans over comparable prior-year periods.

The company’s financial tables show consolidated balance sheets and statements of operations at various dates and for multiple periods. These tables detail interest income, interest expense, net interest income, provision for credit losses, noninterest income, noninterest expense, income before income taxes, income tax expense, net income and preferred stock dividends. PB Financial Corporation uses these measures to report net income available to common stockholders and earnings per share. The reported figures indicate that the company’s business model is based on commercial banking activities that generate interest income on loans and investment securities, offset by interest expense on deposits and borrowed funds, and supplemented by noninterest income and expenses.

Community banking footprint through Providence Bank

Providence Bank, the banking subsidiary of PB Financial Corporation, is described in the company’s releases as a state-chartered community bank. The bank is headquartered in Rocky Mount, North Carolina and operates branches in multiple North Carolina communities, including Rocky Mount, Tarboro, Nashville, Wilson, Raleigh, Jacksonville, Holly Ridge, Morehead City and Richlands, with a loan production office in New Bern. This footprint, as disclosed in the press releases, reflects a focus on serving customers in these local and regional markets.

PB Financial Corporation’s consolidated financial information includes the assets, loans and deposits associated with Providence Bank’s operations. The company’s reported total assets, total deposits and gross loans at various quarter-ends show growth over time, which management commentary often associates with the performance of the bank and, in certain periods, with the impact of a merger transaction.

Merger activity and integration

In its earnings announcements, PB Financial Corporation refers to a strategic merger with Coastal Bank & Trust. The company states that it successfully completed this merger and reports that the integration of Coastal Bank & Trust has gone very well. Management commentary notes that the merger has contributed to growth in loans and deposits and that the company has been able to drive efficiency from the merger. The company also discloses that it incurred one-time merger-related expenses in connection with this transaction.

PB Financial Corporation’s discussion of the merger with Coastal Bank & Trust appears in the context of explaining growth in total assets, total deposits and gross loans, as well as its earnings performance. The company attributes part of its growth and efficiency improvements to this merger and to the subsequent integration of the acquired operations into Providence Bank’s platform.

Capital measures and book value

PB Financial Corporation’s press releases include book value per common share and tangible book value per common share at various reporting dates. These measures are presented alongside total shareholders’ equity in the consolidated balance sheets. The company notes increases in book value per share and tangible book value per share over time, and management commentary refers to these metrics when discussing shareholder value.

The company also reports the existence of preferred stock dividends in several periods, which are deducted from net income to arrive at net income available to common stockholders. This indicates that PB Financial Corporation has preferred stock outstanding in addition to common stock, and that preferred dividends are part of its capital structure as reported in the financial tables.

Trading market and investor information

PB Financial Corporation states in its press releases that its common stock trades on the OTCQX market under the symbol PBNC. The company’s dividend announcements often reference the dividend yield based on the closing price of PBNC on specific dates, and they describe the annualized dividend amount implied by the quarterly cash dividend. These references underscore that the company’s shares are publicly traded and that dividend policy is a prominent aspect of its communication with investors.

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