CSB BANCORP INC OH - CSBB STOCK NEWS

CSB Bancorp (OTC Pink: CSBB) has declared a fourth quarter cash dividend of $0.40 per share on its common stock, payable December 17, 2024, to shareholders of record as of December 3, 2024. The financial holding company, headquartered in Millersburg, Ohio, reports approximately $1.2 billion in assets as of September 30, 2024. The company operates through its subsidiary, The Commercial and Savings Bank, with sixteen banking centers across multiple Ohio counties, three Trust offices, and a loan production office in Medina.

CSB Bancorp, Inc. (OTC Pink: CSBB) reported third quarter 2024 net income of $3,145,000, or $1.18 per basic and diluted share, compared to $3,481,000, or $1.30 per share, for the same period in 2023. For the nine-month period ended September 30, 2024, net income totaled $7,693,000, a 30% decrease from the previous year. The company's annualized ROE and ROA for the quarter were 11.14% and 1.05%, respectively, down from 13.63% and 1.19% in Q3 2023.

Key highlights include:

• Pre-Provision Net Revenue increased by 2% to $4.60 million
• Net interest income rose by 4%
• Noninterest income increased by 6%
• Noninterest expense grew by 6%
• Loan interest income including fees increased by 15%
• Average earning assets grew by 3% to $31 million

The company declared a third quarter dividend of $0.40 per share, yielding 4.2% based on the September 30, 2024 closing price of $38.50.

CSB Bancorp, Inc. (OTC Pink: CSBB) has declared a third quarter cash dividend of $0.40 per share on its common stock, payable September 17, 2024, to shareholders of record as of September 3, 2024. This represents a $0.01 increase in the quarterly cash dividend. CSB Bancorp is a financial holding company headquartered in Millersburg, Ohio, with approximate assets of $1.2 billion as of June 30, 2024. The company provides banking and financial services through its subsidiary, The Commercial and Savings Bank, with sixteen banking centers in Ohio counties and additional trust offices and a loan production office.

CSB Bancorp, Inc. (OTC Pink: CSBB) reported second quarter 2024 net income of $1,615,000, or $0.61 per diluted share, compared to $3,644,000, or $1.36 per diluted share, for the same period in 2023. Net income for the six-month period ended June 30, 2024, decreased by 40% to $4,548,000. The company's ROE and ROA for Q2 2024 were 5.89% and 0.56%, respectively, down from 14.62% and 1.27% in Q2 2023. Key factors affecting performance include:

• Pressured net interest margins
• Slowed loan demand
• Credit deterioration in a $6.4 million commercial lending relationship
• Increased allowance for expected credit losses to $10.6 million (1.47% of total loans)
• 17% increase in loan interest income
• 62% increase in interest expense

CSB Bancorp, Inc., declared a second-quarter cash dividend of $0.39 per share on its common stock, payable on June 18, 2024. The company, with assets of $1.2 billion, offers banking and financial services through its subsidiary, The Commercial and Savings Bank, across multiple locations.

CSB Bancorp, Inc. declared a second quarter cash dividend of $0.39 per share, payable on June 18, 2024, to shareholders of record as of June 4, 2024. The company is a financial holding firm with around $1.2 billion in assets, providing various financial services through its subsidiary, The Commercial and Savings Bank.

CSB Bancorp, Inc. (CSBB) reported a decrease in net income for the first quarter of 2024 compared to the same period in 2023. The company's diluted earnings per share and return on average common equity and assets also declined. Despite challenges from a high-interest rate environment, the bank maintained its net interest margin and monitored credit conditions. Loan balances and interest income increased, while noninterest expense rose. The provision for credit losses on loans and off-balance sheet commitments also increased. The company's efficiency ratio and tax expense decreased, with an increase in average earning assets driven by loans. Nonperforming assets and delinquent loan balances slightly increased, while net loan charge-offs decreased. Average deposit balances and costs increased, with a first-quarter dividend declared. Overall, CSB Bancorp faced challenges but maintained stability in key financial metrics.

CSB Bancorp, Inc. (CSBB) has declared a first quarter cash dividend of $0.39 per share on its common stock, representing a $0.01 increase. The financial holding company has approximate assets of $1.2 billion as of December 31, 2023, and provides banking and financial services through its subsidiary, The Commercial and Savings Bank, with sixteen banking centers and trust offices in Ohio. Shareholders of record as of March 5, 2024, will receive the dividend on March 19, 2024.

CSB Bancorp, Inc. (OTC Pink: CSBB) reported fourth quarter 2023 net income of $3,697,000, or $1.38 per basic and diluted share, compared to $3,753,000, or $1.39 per basic and diluted share, for the same period in 2022. For the twelve-month period ended December 31, 2023, net income totaled $14,756,000 compared to $13,313,000 for the same period last year, an increase of 11%. CSB's capital and liquidity levels are strong, with deposit base holding steady at more than $1 billion throughout 2023, and loan balances growing by 12%. The company's return on assets, return on equity, net interest margin, and efficiency ratio all improved from the third quarter to the fourth quarter, with full year 2023 results also showing improvements in each of those key metrics compared to the prior year.