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JD BANCSHARES INC - JDVB STOCK NEWS

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JD Bancshares, Inc. (OTCQX: JDVB) is the bank holding company of JD Bank, a state-chartered bank headquartered in Jennings, Louisiana. With a history dating back to 1947, JD Bank offers a variety of personal and commercial lending and deposit products through both physical and digital delivery channels. The bank operates through 22 full-service branch offices and two Loan Production/Deposit Production offices located along the Interstate 10/12 corridor from Lake Charles to Mandeville. JD Bancshares Inc. reported strong quarterly and yearly financial results, showcasing steady growth in net income, pre-tax, pre-provision operating income, and overall financial performance. The company remains vigilant in navigating economic fluctuations, regulatory changes, and market challenges, with a focus on maintaining a resilient and profitable financial position.
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JD Bancshares (OTCQX:JDVB) reported Q3 2024 net income of $3.7 million ($1.08 per share), up from $3.0 million in Q2 2024 and $3.5 million in Q3 2023. The company's net interest margin expanded to 4.04% despite higher interest rates. Year-to-date net income reached $10.4 million ($3.03 per share), compared to $8.8 million in the same period last year. Asset quality improved with nonperforming assets declining to $7.4 million from $12.1 million at year-end 2023. The loan-to-deposit ratio increased from 66.7% to 72.1%, while total assets remained stable at $1.2 billion.

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JD Bancshares, Inc. (OTCQX:JDVB) has announced a cash dividend of $0.29 per share, payable on November 8, 2024, to shareholders of record on November 1, 2024. The decision was made during the Board of Directors' regular meeting on October 22, 2024. Future dividend payments will be determined quarterly based on earnings, financial condition, capital requirements, and other factors. JD Bancshares is the holding company of JD Bank, operating 21 full-service branches and two loan and deposit production offices across south Louisiana, from Lake Charles to Mandeville.

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JD Bancshares, Inc. (OTCQX:JDVB) announced key leadership changes effective October 1, 2024. Paul E. Brummett, II will become President of the Company and CEO of JD Bank, succeeding Bruce W. Elder. James A. "Jimmy" LeBlanc has been promoted to President/Chief Banking Officer of JD Bank, while Jared Doucet will assume the role of CFO for both the Company and JD Bank.

These appointments align with the Board's succession plans. Brummett brings 32 years of community banking experience, all with JD Bank. LeBlanc has 34 years in banking, focusing on commercial lending. Doucet, a CPA, has 23 years of accounting and investments experience.

JD Bank, founded in 1947, operates 22 full-service branches and two loan and deposit production offices across south Louisiana, offering personal and commercial banking services.

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JD Bancshares, Inc. (OTCQX:JDVB) and JD Bank announced the resignation of Bruce W. Elder as President and CEO, effective September 30, 2024. Elder, who has led the company since November 19, 2019, is stepping down for personal family reasons. He will remain in his role through September to ensure a smooth transition and will also resign from his position as a director.

The company will follow its Board-approved succession plan to determine Elder's replacement. JD Bank, headquartered in Jennings, Louisiana, has been serving south Louisiana since 1947. It operates through 22 full-service branch offices and two loan and deposit production offices, offering personal and commercial banking services, as well as trust and investment services.

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JD Bancshares, Inc. (OTCQX:JDVB) reported its Q2 2024 financial results. Net income for Q2 2024 was $3,028,833 or $0.88 per share, compared to $3,652,396 or $1.07 per share in Q1 2024 and $3,216,519 or $0.94 per share in Q2 2023. Pre-tax, pre-provision operating income (PTPPOI) for Q2 2024 was $3,951,414, up from $3,709,245 in Q1 2024 but down from $4,373,181 in Q2 2023. For the first half of 2024, net income was $6,681,230 or $1.95 per share, up from $5,301,748 or $1.55 per share in the same period of 2023. The company saw improvements in asset quality and a slight increase in deposits between March and June 2024, the first quarterly increase since Q2 2021. The net interest margin remained stable at 3.90% in both Q1 and Q2 2024.

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JD Bancshares, Inc. (OTCQX:JDVB) has declared a cash dividend of $0.29 per share, payable on August 9, 2024, to shareholders of record on August 2, 2024. The decision was made during the Board of Directors' meeting on July 23, 2024. Future dividends will be determined quarterly based on earnings, financial condition, capital requirements, and other factors.

JD Bancshares is the holding company of JD Bank, a state-chartered bank headquartered in Jennings, Louisiana. The bank has been serving south Louisiana since 1947, offering personal and commercial banking products through physical and digital channels. JD Bank operates 22 full-service branches and two Loan Production/Deposit Production offices along the Interstate 10/12 corridor from Lake Charles to Mandeville, Louisiana.

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JD Bancshares, Inc. reported strong financial results for the quarter ended March 31, 2024, with a net income of $3.65 million compared to a net loss in the previous quarter. The company's pre-tax, pre-provision operating income decreased due to higher interest expenses. The company remains optimistic about loan demand and plans to focus on higher-earning assets to offset funding costs.
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JD Bancshares, Inc. declares a cash dividend of $0.29 per share to be paid on May 10, 2024, to shareholders of record on May 3, 2024. Future dividends are determined quarterly based on earnings, financial condition, and other factors.
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JD Bancshares, Inc. reports unaudited financial results for the three and twelve-month periods ended December 31, 2023, showing a net loss for the three-month period, impacted by after-tax losses on the sale of securities. Pre-tax, pre-provision operating income declined due to increased non-interest expenses and declining non-interest income. However, net income for the twelve-month period was positively impacted by higher interest rates on earning assets, although funding costs created a declining trend in the second half of 2023. Management actions taken in the fourth quarter related to investments are expected to better prepare the Company for a successful 2024.
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JD Bancshares, Inc. (OTCQX:JDVB) declared a cash dividend of $0.29 per share at its January 23, 2024, board meeting. The dividend will be paid on February 9, 2024, to shareholders of record on February 2, 2024. Future dividends will be determined quarterly based on earnings, financial condition, and capital requirements.
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FAQ

What is the current stock price of JD BANCSHARES (JDVB)?

The current stock price of JD BANCSHARES (JDVB) is $24.5 as of December 24, 2024.

What is the market cap of JD BANCSHARES (JDVB)?

The market cap of JD BANCSHARES (JDVB) is approximately 81.6M.

What is JD Bancshares, Inc.?

JD Bancshares, Inc. is the bank holding company of JD Bank, a state chartered bank headquartered in Jennings, Louisiana.

What services does JD Bank offer?

JD Bank offers a variety of personal and commercial lending and deposit products through physical and digital channels, as well as trust and investment services.

Where does JD Bank operate?

JD Bank operates through 22 full-service branch offices and two Loan Production/Deposit Production offices along the Interstate 10/12 corridor from Lake Charles to Mandeville, Louisiana.

How has JD Bancshares, Inc. performed financially?

JD Bancshares, Inc. reported strong financial results with steady growth in net income, pre-tax, pre-provision operating income, and overall financial performance.

What is the focus of JD Bancshares, Inc. amidst economic fluctuations?

JD Bancshares, Inc. remains vigilant in navigating economic fluctuations, regulatory changes, and market challenges, with a focus on maintaining a resilient and profitable financial position.

JD BANCSHARES INC

OTC:JDVB

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JDVB Stock Data

81.59M
3.43M
0.43%
Banks - Regional
Financial Services
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United States of America
Jennings