Community Bancorp. Reports Fourth Quarter and Full Year 2024 Financial Results; Generates Continued Strong Growth in Loans Leading to Record Total Assets
Community Bancorp (OTCQX:CMTV) reported Q4 2024 earnings of $4.1 million ($0.73 per share), up 15.98% from Q4 2023's $3.5 million ($0.64 per share). Full-year 2024 earnings were $12.8 million ($2.28 per share), down 4.97% from 2023's $13.4 million ($2.43 per share).
Total assets reached $1.25 billion, a 13.61% increase from 2023, driven by loan growth of $82.5 million (9.8%) and increased cash equivalents of $90.5 million (442.9%). Net interest income for Q4 2024 was $9.5 million, up 5.83% year-over-year, while full-year net interest income grew 1.23% to $34.6 million.
The company declared a quarterly cash dividend of $0.24 per share, payable February 1, 2025. Book value per share increased to $17.24 as of December 31, 2024, compared to $15.87 in 2023.
Community Bancorp (OTCQX:CMTV) ha riportato utili per il quarto trimestre del 2024 di $4,1 milioni ($0,73 per azione), in aumento del 15,98% rispetto ai $3,5 milioni ($0,64 per azione) del quarto trimestre del 2023. Gli utili per l'intero anno 2024 sono stati di $12,8 milioni ($2,28 per azione), in calo del 4,97% rispetto ai $13,4 milioni ($2,43 per azione) del 2023.
Il totale delle attività ha raggiunto $1,25 miliardi, con un aumento del 13,61% rispetto al 2023, sostenuto da una crescita dei prestiti di $82,5 milioni (9,8%) e un aumento delle disponibilità liquide di $90,5 milioni (442,9%). Il reddito netto da interessi per il quarto trimestre del 2024 è stato di $9,5 milioni, in aumento del 5,83% rispetto all'anno precedente, mentre il reddito netto da interessi per l'intero anno è cresciuto dell'1,23% a $34,6 milioni.
L'azienda ha dichiarato un dividendo in contante trimestrale di $0,24 per azione, pagabile il 1° febbraio 2025. Il valore contabile per azione è aumentato a $17,24 al 31 dicembre 2024, rispetto ai $15,87 del 2023.
Community Bancorp (OTCQX:CMTV) reportó ganancias para el cuarto trimestre de 2024 de $4,1 millones ($0,73 por acción), un aumento del 15,98% en comparación con los $3,5 millones ($0,64 por acción) del cuarto trimestre de 2023. Las ganancias del año completo 2024 fueron de $12,8 millones ($2,28 por acción), una disminución del 4,97% en comparación con los $13,4 millones ($2,43 por acción) de 2023.
Los activos totales alcanzaron $1,25 mil millones, un aumento del 13,61% respecto a 2023, impulsado por un crecimiento en préstamos de $82,5 millones (9,8%) y un aumento en equivalentes de efectivo de $90,5 millones (442,9%). El ingreso neto por intereses para el cuarto trimestre de 2024 fue de $9,5 millones, un aumento del 5,83% interanual, mientras que el ingreso neto por intereses del año completo creció un 1,23% a $34,6 millones.
La compañía declaró un dividendo en efectivo trimestral de $0,24 por acción, pagadero el 1 de febrero de 2025. El valor contable por acción aumentó a $17,24 al 31 de diciembre de 2024, en comparación con $15,87 en 2023.
커뮤니티 뱅코프 (OTCQX:CMTV)는 2024년 4분기 이익으로 $4.1백만 ($0.73 per share)을 보고했으며, 이는 2023년 4분기 $3.5백만 ($0.64 per share) 대비 15.98% 증가한 수치입니다. 2024년 전체 연간 이익은 $12.8백만 ($2.28 per share)으로, 2023년의 $13.4백만 ($2.43 per share)보다 4.97% 감소했습니다.
총 자산은 $1.25십억에 도달했으며, 이는 2023 년 대비 13.61% 증가한 것으로, $82.5백만 (9.8%)의 대출 증가와 $90.5백만 (442.9%)의 현금성 자산 증가에 힘입었습니다. 2024년 4분기 순이자 수익은 $9.5백만으로, 전년 대비 5.83% 증가했으며, 전체 연간 순이자 수익은 1.23% 증가하여 $34.6백만에 달했습니다.
회사는 주당 $0.24의 분기 현금 배당금을 선언했으며, 2025년 2월 1일에 지급됩니다. 2024년 12월 31일 기준 주당 장부 가치는 $17.24로, 2023년의 $15.87보다 증가했습니다.
Community Bancorp (OTCQX:CMTV) a rapporté des bénéfices pour le quatrième trimestre 2024 de $4,1 millions ($0,73 par action), ce qui représente une augmentation de 15,98% par rapport aux $3,5 millions ($0,64 par action) du quatrième trimestre 2023. Les bénéfices de l'année entière 2024 étaient de $12,8 millions ($2,28 par action), en baisse de 4,97% par rapport aux $13,4 millions ($2,43 par action) de 2023.
Les actifs totaux ont atteint $1,25 milliard, une augmentation de 13,61% par rapport à 2023, soutenue par une croissance des prêts de $82,5 millions (9,8%) et une augmentation des équivalents de liquidités de $90,5 millions (442,9%). Le revenu net d'intérêts pour le quatrième trimestre 2024 était de $9,5 millions, en hausse de 5,83% d'une année à l'autre, tandis que le revenu net d'intérêts de l'année entière a augmenté de 1,23% pour atteindre $34,6 millions.
L'entreprise a déclaré un dividende en espèces trimestriel de $0,24 par action, payable le 1er février 2025. La valeur comptable par action a augmenté à $17,24 au 31 décembre 2024, par rapport à $15,87 en 2023.
Community Bancorp (OTCQX:CMTV) berichtete für das 4. Quartal 2024 von einem Gewinn von $4,1 Millionen ($0,73 pro Aktie), was einem Anstieg von 15,98% im Vergleich zu $3,5 Millionen ($0,64 pro Aktie) im 4. Quartal 2023 entspricht. Der Gesamtgewinn für das Jahr 2024 lag bei $12,8 Millionen ($2,28 pro Aktie), was einem Rückgang von 4,97% gegenüber den $13,4 Millionen ($2,43 pro Aktie) im Jahr 2023 entspricht.
Die Gesamtsumme der Vermögenswerte erreichte $1,25 Milliarden, was einem Anstieg von 13,61% im Vergleich zu 2023 entspricht, unterstützt durch ein Wachstum der Kredite von $82,5 Millionen (9,8%) und einen Anstieg der Zahlungsmitteläquivalente um $90,5 Millionen (442,9%). Der Nettozinsertrag für das 4. Quartal 2024 betrug $9,5 Millionen, ein Anstieg von 5,83% im Jahresvergleich, während der Nettozinsertrag für das gesamte Jahr um 1,23% auf $34,6 Millionen wuchs.
Das Unternehmen erklärte eine vierteljährliche Barauszahlung von $0,24 pro Aktie, die am 1. Februar 2025 zahlbar ist. Der Buchwert pro Aktie stieg zum 31. Dezember 2024 auf $17,24 im Vergleich zu $15,87 im Jahr 2023.
- Q4 earnings increased 15.98% to $4.1 million
- Total assets grew 13.61% to record $1.25 billion
- Loan portfolio expanded 9.8% ($82.5 million)
- Net interest income increased 5.83% in Q4
- Book value per share improved to $17.24 from $15.87
- Full-year earnings decreased 4.97% to $12.8 million
- Interest on deposits expense increased 51.10%
- Non-interest expenses grew 8.06% year-over-year
- Health benefit costs rose 33.0% ($600,000)
DERBY, VT / ACCESS Newswire / January 22, 2025 / Community Bancorp., (OTCQX:CMTV) Community National Bank reported earnings for the fourth quarter ended December 31, 2024, of
Total assets for the Company at December 31, 2024, were
Total net interest income for the fourth quarter ended December 31, 2024, of
The provision for credit losses for the fourth quarter ended December 31, 2024, was
Total non-interest income was relatively flat for the fourth quarter and the year ended December 31, 2024, compared to the same periods in 2023. Total non-interest expenses increased
Equity capital increased to
President and CEO Christopher Caldwell commented on the Company's results: "I am very pleased with our solid performance in finishing 2024 with record total assets, driven largely by continued growth in our loan portfolio. Our ability to sustain year-over-year growth in assets and loans, despite a challenging economic environment with rising interest rates, especially in the first half of the year, reflects the dedication and diligence of our team and our enduring relationships with customers. As we kick off 2025, I am enthusiastic to take on the bank's leadership, with the support of our Board, including former CEO Kathy Austin, and of course, our incredible team of bankers with whom I get to work every day. We look forward to maintaining our momentum this year, even amid economic uncertainty as the demand for the financial products and services we provide in our markets throughout Vermont and New Hampshire continues to grow. We appreciate the support of our customers and communities, and we are committed to build upon our success in order to serve them effectively in the coming years."
As previously announced, the Company declared a quarterly cash dividend of
About Community National Bank
Community National Bank is an independent bank that has been serving its communities since 1851, with retail banking offices located in Derby, Derby Line, Island Pond, Barton, Newport, Troy, St. Johnsbury, Montpelier, Barre, Lyndonville, Morrisville and Enosburg Falls as well as loan offices located in Burlington, Vermont and Lebanon, New Hampshire.
Forward Looking Statements
This press release contains forward looking statements, including, without limitation, statements about the Company's financial condition, capital status, dividend payment practices, business outlook and affairs. Although these statements are based on management's current expectations and estimates, actual conditions, results, and events may differ materially from those contemplated by such forward looking statements, as they could be influenced by numerous factors which are unpredictable and outside the Company's control. Factors that may cause actual results to differ materially from such statements include, among others, the following: (1) general economic or monetary conditions, either nationally or regionally, continue to decline, resulting in a deterioration in credit quality or diminished demand for the Company's products and services; (2) changes in laws or government rules, or the way in which courts interpret those laws or rules, adversely affect the financial industry generally or the Company's business in particular, or may impose additional costs and regulatory requirements; (3) interest rates change in such a way as to reduce the Company's interest margins and its funding sources; and (4) competitive pressures increase among financial services providers in the Company's northern New England market area or in the financial services industry generally, including pressures from nonbank financial service providers, from increasing consolidation and integration of financial service providers and from changes in technology and delivery systems, and other factors that are listed from time to time in our financial filings with the SEC, including our Forms 10Q and 10K. We disclaim any responsibility to update our forward looking statements, which are valid only as of the date of this release, should circumstances change.
For more information, contact:
Investor Relations
ir@communitynationalbank.com
SOURCE: Community Bancorp Inc Vermont
View the original press release on ACCESS Newswire
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