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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.JD Bancshares, Inc. (OTCQX: JDVB) reported its unaudited financial results for Q1 2023, showing a net income of $2.1 million or $0.61 per share, down from $3.4 million or $1.00 per share in Q4 2022. PTPPOI was $4.2 million, reflecting a decline due to rising interest expenses and lower non-interest income. Total net interest income decreased to $10.9 million from $11.3 million linked quarter, attributed to declining average earning assets. Despite a decrease in total deposits by $43.8 million, stockholders' equity rose to $65.8 million. The company reported two investment losses but indicated potential growth from its new locations in Baton Rouge and the Northshore.
JD Bancshares, Inc. (OTCQX:JDVB) has declared a cash dividend of $0.27 per share, payable on May 5, 2023, to shareholders of record on April 28, 2023. This decision was made during the Board's meeting held on April 18, 2023. Future dividends will be evaluated quarterly, taking into account the company's earnings, financial condition, and capital requirements. JD Bancshares is the holding company for JD Bank, established in 1947, offering various banking services in southern Louisiana through 22 branch offices and two additional production offices. The company upholds high financial standards and best corporate governance practices as a member of the OTCQX Best Market.
JD Bancshares, Inc. (OTCQX:JDVB) reported its unaudited financial results for Q4 and FY 2022. Net income for Q4 2022 was $3,492,661 ($1.02 per share), up from $3,388,452 ($0.99 per share) in Q3 2022 and $2,977,469 ($0.87 per share) in Q4 2021. For the full year, net income reached $12,166,756 ($3.56 per share), compared to $11,014,968 ($3.21 per share) in 2021. This growth was driven by a 54.92% increase in pre-tax pre-provision operating income, largely due to higher loan volumes and interest rates. Total assets fell 8.87% to $1.2 billion, impacted by deposit outflows. The bank remains cautiously optimistic about growth despite headwinds in 2023.
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