Welcome to our dedicated page for JSB Financial news (Ticker: JFWV), a resource for investors and traders seeking the latest updates and insights on JSB Financial stock.
JSB Financial Inc. (JFWV) delivers integrated financial solutions through banking, investment management, and capital market services. This news hub provides stakeholders with verified updates directly from corporate sources, ensuring access to accurate information for informed analysis.
Discover official announcements spanning earnings disclosures, strategic partnerships, leadership changes, and regulatory developments. Our curated collection enables efficient tracking of JFWV's operational milestones and market positioning within the financial services sector.
Key updates include quarterly performance reports, merger/acquisition activity, product launches, and compliance-related communications. All content maintains strict adherence to factual reporting standards without editorial commentary or forward-looking projections.
Bookmark this page for streamlined access to JFWV's evolving corporate narrative. Combine these primary sources with broader market analysis to develop comprehensive investment perspectives.
Jefferson Security Bank (OTC Pink: JFWV) reported a net income of
Jefferson Security Bank (OTC Pink: JFWV) announced a semi-annual dividend of $1.10 per share, an increase of $0.05 from last year's $1.05. This dividend, payable on March 11, 2022, rewards shareholders of record on March 1, 2022. CEO Cindy Kitner highlighted the bank's profitability and commitment to shareholder value as reasons for the increase, reflecting the bank's continued success in the financial sector of West Virginia and Maryland.
Jefferson Security Bank (OTC Pink: JFWV) reported a robust fourth quarter of 2021, with net income reaching
Jefferson Security Bank (OTC Pink: JFWV) reported a net income of
Jefferson Security Bank (OTC Pink: JFWV) announced a semi-annual dividend of $1.05 per share, approved by the Board of Directors on August 18, 2021. This dividend, payable on September 10, 2021, to shareholders of record on September 1, 2021, raises the annual dividend to $2.05, marking a 7.9% increase from $1.90 in 2020. CEO Cindy Kitner highlighted the bank's solid earnings performance as key to providing consistent returns to shareholders while focusing on capital strength.
Jefferson Security Bank (OTC Pink: JFWV) reported a net income of $1.0 million for Q2 2021, up 43.4% from $701 thousand in Q2 2020, with diluted earnings per share increasing to $3.65. For the first six months of 2021, net income totaled $1.8 million, a 35.3% increase year-over-year. Total assets rose by 18.3% to $414.3 million, and deposits grew by 20.1% to $379.3 million. The allowance for loan losses remained stable at 1.12% of total loans. Significant deposit growth, attributed to government stimulus, funded loan and investment portfolio expansion.
Jefferson Security Bank (OTC Pink: JFWV) reported a net income of $782 thousand for Q1 2021, a 26.1% increase from $620 thousand in Q1 2020. Diluted EPS rose to $2.81 from $2.22 year-over-year. Total assets grew 21.7% to $398.5 million, and loans increased to $245.1 million. The provision for loan losses was reduced to $80 thousand from $160 thousand in the same quarter last year. Additionally, deposits rose by 24.7% to $363.8 million. The bank continues to support small businesses through PPP loans, with $17.5 million outstanding as of March 31, 2021.
Cindy A. Kitner, CPA, President and CEO of Jefferson Security Bank, has been appointed to the FDIC’s Advisory Committee on Community Banking. The committee advises the FDIC on community bank policies and regulatory issues. Kitner's leadership at Jefferson Security Bank has led to record earnings for three consecutive years and the largest asset size in the bank's history. Kitner expressed her honor in joining the committee and her commitment to influencing local banking matters.
Jefferson Security Bank has appointed Mike Chapman as the new Vice President of Operations and Innovation as of February 2021. Chapman will focus on enhancing digital banking, improving customer experience, and streamlining internal processes. He brings over 24 years of experience from Royal Vendors, where he led tech and operations. President Cindy Kitner expressed confidence in Chapman's ability to drive innovation and cultural change within the bank, which is dedicated to serving its community.
