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Blackhawk Bancorp, Inc., headquartered in Beloit, Wisconsin, is the parent company of Blackhawk Bank, offering comprehensive banking services. With ten full-service banking centers across Wisconsin and Illinois, the company focuses on providing value-added financial products and services to business customers and their employees. Recent financial highlights include a 10% increase in net income for the quarter ended June 30, 2023, compared to the preceding quarter. The company's net interest income, noninterest income, and operating expenses are also detailed, showcasing its financial performance and operational efficiency.
Blackhawk Bancorp (OTCQX:BHWB) has declared a cash dividend of $0.11 per share for shareholders of record as of June 4, 2021. This dividend will be paid on June 18, 2021, amounting to an annual payout of $0.44 per share. This marks the twenty-eighth consecutive quarterly dividend announced by the company, indicating its sustained commitment to returning value to shareholders.
Blackhawk Bancorp, Inc. (OTCQX: BHWB) announced the completion of its share repurchase offer, which expired on May 12, 2021. The company received tender offers for 525,546 shares, exceeding the 500,000 share limit. To accommodate this, the board increased the repurchase limit to 525,546 shares. CEO Todd James expressed satisfaction with the offer, highlighting its benefits to shareholders, including liquidity at record prices and a projected boost in earnings per share due to a low after-tax cost of funding the repurchase.
Blackhawk Bancorp (OTCQX:BHWB) has extended the expiration date for its tender offer to buy back up to 500,000 shares of common stock at $32.00 per share, now ending on May 12, 2021. The extension allows shareholders more time to consider the offer, with shares able to be withdrawn anytime before the new deadline. The Board of Directors has approved this tender offer but has not provided any recommendation on whether shareholders should participate.
Blackhawk Bancorp (OTCQX:BHWB) has initiated a tender offer to buy back up to 500,000 shares of its common stock at $32.00 per share, set to expire on May 7, 2021. This buyback represents 14.9% of its total shares outstanding as of March 31, 2021. While the tender offer provides liquidity for shareholders, it is not conditioned on the minimum number of shares being tendered. The company plans to fund this buyback through subordinated debt issuance. The offer price reflects a 4.1% premium over the closing price on the previous trading day.
Blackhawk Bancorp (OTCQX:BHWB) reported a net income of $3.43 million for Q1 2021, marking a 2% increase quarter-over-quarter and a 65% increase year-over-year. Fully diluted EPS rose to $1.02, up 62% from $0.63 in Q1 2020. Total assets increased by $66 million to $1.2 billion, while total deposits grew by $81 million to $1.1 billion. Despite a decrease in net interest margin to 3.52%, strong net interest income growth at 13% year-over-year is notable. However, risks remain due to economic uncertainties stemming from the pandemic.
Blackhawk Bancorp (OTCQX:BHWB) has declared a cash dividend of $0.11 per share for shareholders of record by March 5, 2021, payable on March 19, 2021. This dividend translates to an annual amount of $0.44 per share and marks the twenty-seventh consecutive quarterly dividend issued by the company. Blackhawk Bancorp operates through multiple banking centers in Wisconsin and Illinois, providing diverse financial services to business customers.
Blackhawk Bancorp, Inc. (OTCQX:BHWB) has declared a cash dividend of $0.11 per share on its common stock. Shareholders of record as of December 4, 2020 will receive this dividend on December 18, 2020, amounting to $0.44 annually. This marks the company's twenty-sixth consecutive quarterly dividend.
Headquartered in Beloit, Wisconsin, Blackhawk Bancorp operates in several counties in Wisconsin and Illinois, providing various financial services to its customers.
Blackhawk Bancorp reported a net income of $2.9 million for Q3 2020, marking a 12% increase from Q2 but a 16% decrease year-over-year. Fully diluted EPS rose to $0.86, up $0.09 from Q2, down $0.17 from Q3 2019. Despite a slight increase in net interest income to $9.9 million, a higher provision for loan losses of $2.6 million and rising operating costs impacted overall performance. Total assets grew by 17% to $1.1 billion, with total deposits increasing 16% to $960.8 million.
Blackhawk Bancorp (OTCQX:BHWB) has declared a cash dividend of $0.11 per share, with a record date of September 4, 2020, and a payment date of September 18, 2020. This dividend represents an annualized rate of $0.44 per share, marking the twenty-fifth consecutive quarterly dividend for the company. Blackhawk Bancorp operates in Wisconsin and Illinois, providing various banking services through its multiple centers along the I-90 corridor.
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