JD BANCSHARES INC - JDVB STOCK NEWS

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.

JD Bancshares, Inc. (OTCQX:JDVB) announced a cash dividend of $0.27 per share, payable on February 3, 2023 to shareholders of record as of January 28, 2023. Future dividends will be determined quarterly, considering earnings and financial conditions. The company has also been recognized in the 2023 OTCQX Best 50, ranking #19 overall based on performance metrics from 2022. This acknowledgment underscores efforts to increase trading volume. JD Bancshares operates JD Bank, serving southern Louisiana since 1947.

JD Bancshares, Inc. (OTCQX: JDVB) reported strong financial results for Q3 and the nine-month period ending September 30, 2022. Net income for Q3 reached $3.39 million ($0.99 per share), up from $3.14 million in Q2 2022. Pre-tax, pre-provision operating income increased 26% from the previous quarter. For the nine-month period, net income totaled $8.67 million ($2.54 per share), representing a 7.6% year-over-year increase. The interest rate environment positively impacted net interest income, which rose to $10.5 million in Q3. However, total assets declined 9% year-to-date due to a decrease in deposits.