Welcome to our dedicated page for Oregon Bancorp news (Ticker: ORBN), a resource for investors and traders seeking the latest updates and insights on Oregon Bancorp stock.
Oregon Bancorp Inc (ORBN) provides community-focused banking services through deposit solutions, commercial lending, and treasury management. This news hub offers investors and stakeholders centralized access to verified updates about the company's operations and market position.
Track official press releases covering earnings reports, regulatory developments, leadership changes, and service expansions. The curated collection includes strategic partnership announcements, branch network updates, and financial product innovations relevant to regional banking.
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Bookmark this page for efficient monitoring of ORBN's evolving strategies in the competitive banking sector. Combine regular reviews with SEC filings and market analysis for comprehensive investment research.
Oregon Bancorp, Inc. (OTCBB: ORBN) reported net earnings of $5.7 million for Q3 2021, translating to $2.35 per share, with a return on average assets of 5.8% and return on average equity of 32.0%. This is a decrease from $10.4 million in Q3 2020. Residential mortgage loan production fell to $400.4 million from $500.0 million in the previous year. Total assets grew by $24.1 million, supported by a $20.3 million rise in deposits. The quarterly dividend was increased from $0.26 to $0.52 per share.
The Board of Directors of Oregon Bancorp (OTCBB: ORBN) has announced a quarterly dividend of $0.52 per share, marking a significant increase of 100% from the previous dividend of $0.26. This dividend is scheduled for payment on October 15, 2021, to shareholders recorded as of October 1, 2021. Oregon Bancorp is the parent company of Willamette Valley Bank, which operates four full-service branches in Oregon and multiple Home Loan Centers.
Oregon Bancorp, Inc. (OTCBB: ORBN) reported net income of $5.4 million for Q2, reflecting a 5.8% return on average assets and a 33.2% return on average equity. This results represent a drop from $7.5 million in Q2 2020. Residential mortgage loan production fell by 5% to $407.9 million, affecting noninterest income. Total assets increased by $2.3 million, largely due to a $6.5 million rise in deposits. The company announced a $0.26 per share dividend payable on July 15, 2021, and anticipates further growth as the economy recovers.
The Board of Directors of Oregon Bancorp, Inc. (OTCBB: ORBN) announced a quarterly dividend of $0.26 per share. This dividend will be payable on July 15, 2021 to shareholders on record as of July 1, 2021. Oregon Bancorp operates Willamette Valley Bank, which provides commercial and retail banking across several branches and home loan centers in Oregon, Washington, and Idaho.
Oregon Bancorp, Inc. (OTCBB: ORBN) reported a net income of $7.3 million for Q1 2021, a significant increase of 207% from $2.4 million in Q1 2020. This growth is attributed to a 80% rise in mortgage production, totaling $198 million. The annualized return on assets improved to 7.97%, and return on average equity rose to 45.85%. Despite a decline in total assets to $374 million, earnings per share rose to $3.06 from $1.02 year-over-year. The company declared a $0.26 quarterly dividend and a special cash dividend of $3.50.
Willamette Valley Bank (OTCBB: ORBN) has appointed Ryan Allbritton as Senior Vice President and Chief Banking Officer. With extensive experience in banking and strong community ties in Salem, Allbritton aims to enhance the bank's presence in the Willamette Valley and beyond. Previously, he held significant roles in a national bank, including Regional President, and has been involved with various community organizations. His customer-centric approach aligns with the bank’s goals of providing personal financial services amidst increasing competition from larger banks.
The Board of Directors of Oregon Bancorp, Inc. (OTCBB: ORBN) declared a quarterly dividend of $0.26 per share, payable on April 15, 2021 to shareholders of record as of April 1, 2021. Oregon Bancorp is the parent company of Willamette Valley Bank, a community bank operating in Oregon with four full-service branches and 13 Home Loan Centers across Oregon, Washington, and Idaho.
Oregon Bancorp, Inc. (OTCBB: ORBN) has declared a special cash dividend of $3.50 per share, payable on March 15, 2021, to shareholders of record as of March 1, 2021. This marks the fifth annual special dividend, reflecting a significant 133% increase over last year's distribution. CEO Ryan Dempster noted the company's strong financial results amid COVID-19's challenges, citing record earnings and a robust capital position as factors enabling this substantial payout to shareholders.
Oregon Bancorp, Inc. (OTCBB: ORBN) reported a net income of $8.0 million for Q4 2020, up from $3.1 million in Q4 2019. Earnings per share increased to $3.37 from $1.32. Year-to-date net income rose to $28.3 million, marking a 146% increase compared to the previous year. Total assets grew to $395.9 million, up from $269.5 million. The company also raised its quarterly cash dividend from $0.11 to $0.26 per share.
Asset quality is solid with past due loans at 0.14% and non-performing loans at 0.38%.
