CSB BANCORP INC OH - CSBB STOCK NEWS

CSB Bancorp reports third quarter 2023 net income of $3,481,000, an increase of 16% compared to the same period last year. Diluted earnings per share decreased from $1.35 to $1.30. Return on average common equity and return on average assets also decreased compared to the previous year. Loan interest income increased by $2.5 million, or 37%, due to rate increases and an increase in average loan volume. Interest expense rose by $2.3 million, or 383%, following rapid interest rate increases. Noninterest income increased by $30 thousand, or 2%. Noninterest expense increased by 2%. The efficiency ratio decreased to 57.0% from 57.9% in the prior year. Average earning assets increased by less than 1%. Nonperforming assets decreased from 0.11% to 0.04% of total loans. The allowance for expected credit losses decreased from 1.15% to 0.98% of total loans. Average deposit balances declined slightly. Shareholders' equity totaled $101 million.

CSB Bancorp, Inc. (CSBB) declares a third quarter cash dividend of $0.38 per share on its common stock, payable on September 19, 2023. The financial holding company, with approximate assets of $1.1 billion as of June 30, 2023, provides banking and financial services through its subsidiary, The Commercial and Savings Bank, with sixteen banking centers in Ohio.

CSB Bancorp, Inc. (OTC Pink: CSBB) reported strong first quarter 2023 results, with net income of $3,934,000 or $1.46 per share, compared to $2,701,000 or $0.99 per share in Q1 2022. This represents a 46% rise in net income year-over-year. Key performance indicators include a 16.39% return on equity (ROE) and 1.39% return on assets (ROA). Net interest income grew by 31% to $10.6 million, driven by a 38% increase in loan interest income. Despite a 341% rise in interest expense to $1.3 million, the net interest margin improved to 3.37%. The company declared a dividend of $0.36 per share, offering a 3.8% annual yield. However, challenges such as anticipated economic slowing and competitive funding pressures remain.

CSB Bancorp, Inc. (OTC Pink: CSBB) has announced a first quarter cash dividend of $0.36 per share, representing an increase of $0.01 from the previous dividend. The payment date is set for March 21, 2023, for shareholders of record as of March 7, 2023. With approximately $1.2 billion in assets as of December 31, 2022, CSB Bancorp continues to offer a full range of banking services through its subsidiary, The Commercial Savings Bank, across several counties in Ohio.

CSB Bancorp, Inc. (OTC Pink: CSBB) reported a strong fourth quarter for 2022, with net income surging to $3,753,000 or $1.39 per share, compared to $2,306,000 or $0.85 per share in Q4 2021. This marks a 65% increase in income before federal tax. Annual net income reached $13,313,000, a 23% rise over 2021. The company reported an impressive 15.94% ROE and 1.27% ROA for Q4 2022. Loan balances grew 14% year-over-year, although economic caution may impact future borrowing trends. The fourth quarter dividend was declared at $0.35 per share, yielding 3.6%.

CSB Bancorp, Inc. (OTC Pink: CSBB) has announced a fourth quarter cash dividend of $0.35 per share, payable on December 20, 2022, to shareholders of record as of December 6, 2022. This marks a $0.02 increase from the previous quarterly dividend. CSB Bancorp, based in Millersburg, Ohio, is a financial holding company with a portfolio exceeding $1.1 billion, providing extensive banking services through its subsidiary, The Commercial and Savings Bank.

CSB Bancorp, Inc. (OTC Pink: CSBB) reported third quarter 2022 net income of $3,650,000, or $1.35 per share, rising from $2,901,000 in Q3 2021. The company achieved a 26% increase in income before federal tax at $4,540,000. For the nine months ended September 2022, net income totaled $9,560,000, up 12%. ROE was 15.24% and ROA 1.25% for Q3 2022, improving significantly from last year. However, net interest income and noninterest income saw mixed results, with challenges in loan yields and noninterest income.