FCIT - FCIT STOCK NEWS

First Citrus Bancorporation (OTC: FCIT) reported a net income of $987,000 for Q2 2022, down 33% from Q1 2022 and 50% year-over-year, primarily due to decreased Paycheck Protection Program (PPP) forgiveness. Assets, deposits, and core loans hit record highs, with total assets growing 11% to $697 million. Core loans increased by 6%, while total deposits rose 11% to $629 million. Book value per share increased by 12% to $24.64. However, earnings per share decreased to $0.48 from $0.95 a year prior.

First Citrus Bancorporation (OTC: FCIT) reported its Q1 2022 financial results, revealing net earnings of $1.46 million, a 14% drop from Q1 2021. However, total assets and deposits rose 13%, reaching $689 million and $622 million, respectively. Core loans increased 6%, driven by growth in commercial real estate loans. The bank maintained low non-performing loans and a record loan origination of $52 million. Despite challenges with reduced PPP loan volumes affecting earnings per share, book value rose 15% to $24.16. A special cash dividend of $0.12 was paid in March 2022.

First Citrus Bancorporation (FCIT) announced a $0.12 special cash dividend per share, payable on March 14, 2022, to shareholders of record as of February 28, 2022. This marks the bank's sixth consecutive year of record earnings and reflects a strong operational performance. John M. Barrett, CEO, expressed intentions to consider quarterly dividends moving forward. FCIT has been recognized as the third best-performing regional bank stock in the Southeastern U.S. over the last three years by S&P Global Market Intelligence.

First Citrus Bancorporation (OTC: FCIT) announced record financial results for 2021, with net earnings reaching $6.83 million, a 39% increase from the previous year. Despite a 20% decrease in fourth-quarter net earnings to $1.15 million, total assets grew 25% to $660 million. Core loans increased 7% while total deposits surged 26% to $596 million. The book value per share rose 14% to $23.57. The bank reported zero non-performing loans and a return on equity of 15.2%.

First Citrus Bancorporation, Inc. (FCIT) reported strong financial results for Q3 2021, achieving net earnings of $2,022,000, representing a 51% increase year-over-year. Year-to-date earnings rose 64% to $5,687,000, with earnings per share climbing 63%. Key growth metrics include 19% asset growth, 30% deposit growth, and 16% loan growth excluding PPP loans. The company also reported a 31% increase in return on equity and a book value per share increase of 15%. Overall, FCIT is positioned for continued growth as it experiences significant market share gains.

First Citrus Bancorporation (OTC: FCIT) announced record financial results for Q2 2021, achieving net earnings of $1.96 million, up 52% year-over-year. Key highlights include:

• Asset growth of 14% to $628 million
• Non-PPP loan growth of 12%
• Demand deposit growth of 41%
• Earnings per share increased to $0.95

Additionally, the book value per share rose 14% to $22.03. The bank opened a new branch in St. Petersburg while reducing PPP loans and maintaining low nonperforming loans.

First Citrus Bank has commissioned urban artists Leon “Tes One” Bedore and the Vitale Bros. to create a vibrant mural at their new downtown St. Pete branch, symbolizing their commitment to the community. The mural is located at 300 1st Avenue South and showcases the bank’s dedication to supporting local culture and small businesses. Since 2020, the bank has reinvested over $180 million into the Tampa Bay area through programs like the Paycheck Protection Program. Recognized as a Top 5 SBA lender, First Citrus Bank continues enhancing the financial landscape of Tampa Bay.