Katahdin Bankshares Corp. Reports Second Quarter 2024 Results
Katahdin Bankshares Corp. (OTCQX: KTHN), parent of Katahdin Trust Company, reported second-quarter 2024 earnings of $2 million, or $0.63 per common share. Despite a contracting net interest margin, the company achieved strong loan growth and maintained excellent asset quality. Total assets increased by $12.4 million compared to Q1 2024.
However, net income saw a 2.1% decrease from the previous quarter and a 19.3% drop year-over-year. CEO Jon J. Prescott emphasized the company's ability to maintain solid performance in a challenging market environment. For detailed financial information, shareholders are directed to the company's website.
Katahdin Bankshares Corp. (OTCQX: KTHN), madre di Katahdin Trust Company, ha riportato un utile di 2 milioni di dollari per il secondo trimestre del 2024, pari a $0.63 per azione ordinaria. Nonostante una contrazione del margine di interesse netto, l'azienda ha raggiunto una forte crescita dei prestiti e ha mantenuto un'eccellente qualità degli attivi. Gli attivi totali sono aumentati di $12.4 milioni rispetto al primo trimestre del 2024.
Tuttavia, il reddito netto ha subito un decremento del 2.1% rispetto al trimestre precedente e una diminuzione del 19.3% rispetto all'anno precedente. Il CEO Jon J. Prescott ha sottolineato la capacità dell'azienda di mantenere solidi risultati in un ambiente di mercato difficile. Per informazioni finanziarie dettagliate, si invita gli azionisti a visitare il sito web dell'azienda.
Katahdin Bankshares Corp. (OTCQX: KTHN), la empresa matriz de Katahdin Trust Company, reportó ganancias de 2 millones de dólares en el segundo trimestre de 2024, o $0.63 por acción común. A pesar de una contracción en el margen de interés neto, la compañía logró un fuerte crecimiento en préstamos y mantuvo una excelente calidad de activos. Los activos totales aumentaron en $12.4 millones en comparación con el primer trimestre de 2024.
No obstante, los ingresos netos mostraron una disminución del 2.1% respecto al trimestre anterior y una caída del 19.3% en comparación con el año anterior. El CEO Jon J. Prescott enfatizó la capacidad de la empresa para mantener un sólido rendimiento en un entorno de mercado desafiante. Para información financiera detallada, se les indica a los accionistas que visiten el sitio web de la compañía.
Katahdin Bankshares Corp. (OTCQX: KTHN), Katahdin Trust Company의 모기업,이 2024년 2분기에 200만 달러의 수익을 보고하며, 이를 보통주당 $0.63에 해당한다고 발표했습니다. 순이자 마진이 축소되었음에도 불구하고 회사는 강한 대출 성장을 이루었고 우수한 자산 품질을 유지했습니다. 총 자산은 2024년 1분기 대비 1240만 달러 증가했습니다.
하지만 순이익은 지난분기 대비 2.1% 감소하고 연간 기준으로는 19.3% 하락했다고 합니다. CEO Jon J. Prescott는 어려운 시장 환경 속에서도 회사가 강력한 성과를 유지할 수 있는 능력을 강조했습니다. 상세한 재무 정보는 주주들에게 회사의 웹사이트를 방문할 것을 권장합니다.
Katahdin Bankshares Corp. (OTCQX: KTHN), la société mère de Katahdin Trust Company, a annoncé un bénéfice de 2 millions de dollars pour le deuxième trimestre de 2024, soit 0,63 $ par action ordinaire. Malgré une contraction de la marge d'intérêt nette, l'entreprise a connu une forte croissance des prêts et a maintenu une excellente qualité d'actifs. Le total des actifs a augmenté de 12,4 millions de dollars par rapport au premier trimestre de 2024.
Cependant, le revenu net a connu une diminution de 2,1 % par rapport au trimestre précédent et une baisse de 19,3 % d'une année sur l'autre. Le PDG Jon J. Prescott a souligné la capacité de l'entreprise à maintenir de solides performances dans un environnement de marché difficile. Pour des informations financières détaillées, les actionnaires sont invités à consulter le site Web de l'entreprise.
Katahdin Bankshares Corp. (OTCQX: KTHN), die Muttergesellschaft der Katahdin Trust Company, berichtete von Gewinnen in Höhe von 2 Millionen Dollar im zweiten Quartal 2024, was 0,63 $ pro Stammaktie entspricht. Trotz eines schrumpfenden Nettozinsmargins erzielte das Unternehmen ein starkes Kreditwachstum und hielt eine hervorragende Vermögensqualität aufrecht. Die Gesamtaktiva stiegen im Vergleich zum ersten Quartal 2024 um 12,4 Millionen Dollar.
Dennoch verzeichnete das Nettoeinkommen einen Rückgang von 2,1 % im Vergleich zum Vorquartal und einen Rückgang von 19,3 % im Jahresvergleich. CEO Jon J. Prescott betonte die Fähigkeit des Unternehmens, in einem herausfordernden Marktumfeld solide Leistungen zu erzielen. Für detaillierte Finanzinformationen werden die Aktionäre aufgefordert, die Website des Unternehmens zu besuchen.
- Quarterly earnings of $2 million, or $0.63 per common share
- Strong loan growth reported
- Excellent asset quality maintained
- Total assets increased by $12.4 million over Q1 2024
- Net interest margin contracted
- 2.1% decrease in net income compared to previous quarter
- 19.3% drop in net income compared to same quarter last year
"Although our net interest margin contracted, strong loan growth and excellent asset quality enabled us to nearly match our first-quarter results," stated Jon J. Prescott, Katahdin Trust President and Chief Executive Officer.
Katahdin Trust's total assets increased by
"Despite a
For more information and to view a copy of the Bank's most recent quarterly financial report, visit KatahdinTrust.com/Shareholder-Relations.
About Katahdin Bankshares Corp.
Katahdin Bankshares Corp. is the bank holding company of Katahdin Trust Company. Founded in 1918, Katahdin Trust is a community bank based in
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SOURCE Katahdin Bankshares Corp.
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