Welcome to our dedicated page for OXFORD BANK news (Ticker: $OXBC), a resource for investors and traders seeking the latest updates and insights on OXFORD BANK 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 OXFORD BANK'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 OXFORD BANK's position in the market.
Oxford Bank reported its first-quarter 2024 operating results, showing consolidated earnings of $3.28 million, or $1.34 per share, compared to $3.42 million, or $1.41 per share, the previous year. Total assets increased to $883.21 million, with net loans at $556.18 million. Despite economic uncertainty and impact from higher interest rates, the company maintained a strong liquidity position and credit metrics. Commercial finance and conventional business banking teams showed strong pipelines for continued growth. Total deposits reached $770.97 million, resulting in a Net Interest Margin of 5.12%.