LMST - LMST STOCK NEWS

Limestone Bancorp (NASDAQ: LMST) has announced a quarterly cash dividend of $0.05 per common share, payable on July 1, 2022. Shareholders of record as of June 17, 2022 will receive this dividend. Additionally, during the annual meeting, shareholders elected eight directors and approved a non-binding advisory vote regarding executive compensation. The company operates through its subsidiary, Limestone Bank, serving various counties in Kentucky, offering a range of personal and business banking services.

Limestone Bancorp, Inc. (NASDAQ: LMST) reported a net income of $3.6 million for Q1 2022, up from $3.2 million in Q1 2021, resulting in $0.47 per share. Loan growth reached 4.5%, bringing the total loan portfolio to $1.05 billion. Net interest income slightly increased to $11.1 million, while net interest margin rose to 3.42%. The company also established a quarterly dividend on April 1, 2022, benefiting shareholders. However, the low interest rate environment impacted yields, with the cost of interest-bearing liabilities at 0.53%.

Limestone Bank, based in Louisville, Kentucky, has opened a new full-service banking center in Owensboro at Gateway Commons. The center offers various services including drive-thru and curbside banking. The ribbon-cutting event is scheduled for March 23, 2022. President and CEO John T. Taylor emphasized the bank's commitment to community investment and growth. Limestone Bank operates banking centers in 14 counties, focusing on commercial and consumer banking services, and is a subsidiary of Limestone Bancorp, Inc. (NASDAQ: LMST).

Limestone Bancorp has declared a cash dividend of $0.05 per common share, payable on April 1, 2022, to shareholders of record by March 17, 2022. The company's President and CEO, John T. Taylor, highlighted a strong capital position and earnings as the basis for this quarterly dividend, affirming a commitment to return profits to shareholders. Limestone Bancorp operates with $1.4 billion in assets and serves various counties in Kentucky through its wholly-owned subsidiary, Limestone Bank.

Limestone Bancorp, Inc. (NASDAQ: LMST) reported a net income of $3.4 million for Q4 2021, up from $3.1 million in Q4 2020. For the full year, net income rose to $14.9 million from $9.0 million in 2020. Key highlights include 4% loan growth and 8% deposit growth. Assets increased by $62.8 million, while net interest income decreased slightly to $11.0 million. The provision for loan losses was $500,000 in Q4 2021, lower than $900,000 in Q4 2020. Overall, the company demonstrated strong growth despite lower interest rates affecting yields.

Limestone Bancorp reported a significant increase in net income for Q3 2021, reaching $4.3 million or $0.57 per share, up from $2.1 million in Q3 2020. For the first nine months of 2021, net income was $11.5 million. The company approved a $3.0 million share repurchase program. Total assets rose by $13.9 million, while deposits grew by $8.9 million. The net interest margin improved to 3.61%, supported by increased net interest income of $11.6 million for Q3. The provision for loan losses was $300,000.

Limestone Bancorp reported a net income of $3.9 million for Q2 2021, up from $2.0 million in Q2 2020. For the first six months, net income increased to $7.1 million from $3.8 million year-over-year. Total assets slightly declined to $1.34 billion, while the loan portfolio decreased by 3.2% to $947.4 million. Net interest income rose to $10.9 million in Q2 2021. The cost of interest-bearing liabilities decreased to 0.61%. No provision for loan losses was recorded for Q2 2021. Non-interest income grew, while expenses decreased, reflecting operational efficiency.

Limestone Bank, based in Louisville, Kentucky, has opened a new full-service banking center in Lexington at The Fountains at Palomar. This center features a modern design with private offices and a walk-up ATM, marking the bank's commitment to serving local communities. Limestone Bank offers various commercial banking products, especially in equine lending, leveraging its experienced team. A ribbon-cutting ceremony is scheduled for June 2, welcoming community members. This expansion supports the economic impact of the equine industry in Lexington and beyond.

Limestone Bancorp, Inc. (NASDAQ: LMST) announced the election of eight directors and several key approvals at its recent shareholder meeting. Shareholders approved a non-binding advisory vote on executive compensation, to be conducted annually, and ratified the appointment of the independent registered public accounting firm. The company also amended its Articles of Incorporation to extend share transfer restrictions aimed at protecting tax benefits. Notable directors elected include John T. Taylor and Celia P. Catlett, bringing diverse expertise in finance and legal affairs.