PB FINANCIAL CORPORATION - PBNC STOCK NEWS

Welcome to our dedicated page for PB FINANCIAL CORPORATION news (Ticker: PBNC), a resource for investors and traders seeking the latest updates and insights on PB FINANCIAL CORPORATION stock.

PB Financial Corporation (PBNC) is the holding company for Providence Bank, a community bank headquartered in Rocky Mount, North Carolina. As of March 31, 2024, the company reported total assets of $1.016 billion, total deposits of $805.0 million, and gross loans of $860.3 million. PB Financial recently completed a preferred stock offering and legal merger with Coastal Bank & Trust, enhancing its growth and commitment to providing value to its customers, employees, and shareholders.

01/26/2024 11:38 AM

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PB Financial Corporation Reports Earnings For Both the Fourth Quarter And the Year 2023

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PB Financial Corporation (PBNC) reported a decrease in net income for the quarter ended December 31, 2023, compared to the same period in 2022. Total assets increased by 15.69% to $982.4 million at the end of 2023, while total deposits and gross loans also saw significant growth. The Company incurred one-time expenses related to its announced merger with Coastal Bank & Trust, impacting 4th quarter results. The proposed merger is expected to be accretive to earnings in 2024 and is anticipated to be consummated in the 2nd quarter of 2024. Despite the decrease in net income, the Company experienced strong organic growth in loans, deposits, and total assets. Cash dividends per share increased by approximately 51.22% from 2022, and the Company has paid 48 consecutive quarterly cash dividends since 2012.

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10/27/2023 11:55 AM

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PB Financial Corporation Declares Fourth-Quarter, 2023 Dividend

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PB Financial Corporation announces a quarterly cash dividend increase of 45.71% from the previous quarter, representing a $0.51 dividend per share. The dividend is payable on November 24, 2023. The company has consistently increased its cash dividend for 12 consecutive years.

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08/30/2023 08:45 AM

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PB Financial Corporation and Coastal Bank & Trust Announce Signing of Strategic Merger Agreement

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PB Financial Corporation and Coastal Bank & Trust announce a definitive strategic merger agreement. Coastal will merge into Providence, expanding PB Financial to approximately $1.1 billion in assets, $874 million in loans, and $893 million in deposits. Coastal shareholders may elect to receive either $10.00 in cash or 0.2222 shares of PB Financial common stock for each share of Coastal common stock. The merger is expected to be completed in Q2 2024. The combined bank will operate under the Providence name, be headquartered in Rocky Mount, NC, and include ten full-service offices serving North Carolina communities. The merger will create a strong community bank with a higher lending limit and expanded product offerings.

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08/23/2023 03:30 PM

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PB Financial Corporation Announces Completion of $8.3 Million Private Placement

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PB Financial Corporation completes private placement, raising $8.3 million in additional capital

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07/11/2023 11:00 AM

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PB Financial Corporation Reports Second Quarter 2023 Earnings

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07/06/2023 03:55 PM

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PB Financial Corporation Declares Third-Quarter, 2023 Dividend

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PB Financial Corporation (OTCQX:PBNC) announced a quarterly cash dividend of $0.50 per share on common stock outstanding, representing a 61.29% increase from the previous quarter. The dividend is payable on August 28, 2023, and the annual dividend is $2.00 with a yield of 5.24%. The company has consistently increased its cash dividend each quarter since 2012, demonstrating a commitment to enhancing shareholder value.

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05/01/2023 10:55 AM

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PB Financial Corporation Declares Second-Quarter, 2023 Dividend

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04/10/2023 10:20 AM

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PB Financial Corporation Reports First Quarter 2023 Earnings

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PB Financial Corporation (OTCQX:PBNC) reported a significant increase in net income for the first quarter of 2023, reaching $3,712,014, a 37% increase from the previous year. Total assets grew by 18.15% to $878.9 million, with deposits increasing by 16.88% to $705.1 million and gross loans rising by 28.21% to $714.1 million. Basic earnings per share also improved to $1.66, a 34.96% increase compared to Q1 2022. The bank's book value per share rose to $31.74, marking an 11.17% rise. Additionally, PBNC recently paid its 45th consecutive quarterly dividend of $0.40 per share.

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03/28/2023 03:45 PM

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Providence Bank Ranked In S&P Global Market Intelligence's 2022 Top 100 Community Banks Less Than $3 Billion In Assets

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01/30/2023 11:50 AM

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PB Financial Corporation Declares First-Quarter, 2023 Dividend

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PB Financial Corporation (OTCQX:PBNC) has announced a quarterly cash dividend of $0.40 per share, reflecting a 42.86% increase from the previous year. Shareholders of record as of February 7, 2023, will receive this dividend on February 23, 2023, equating to an annual dividend of $1.60 or a 3.75% yield based on the January 27 closing price of $42.625. This marks the 45th consecutive quarterly cash dividend for the company, highlighting its consistent financial performance since 2012. As of December 31, 2022, PB Financial had total assets of $849.2 million.

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FAQ

What is the current stock price of PB FINANCIAL CORPORATION (PBNC)?

The current stock price of PB FINANCIAL CORPORATION (PBNC) is $44.97 as of December 20, 2024.

What is the market cap of PB FINANCIAL CORPORATION (PBNC)?

The market cap of PB FINANCIAL CORPORATION (PBNC) is approximately 135.7M.

What is PB Financial Corporation?

PB Financial Corporation is the holding company for Providence Bank, a community bank based in Rocky Mount, North Carolina.

What are the total assets of PB Financial Corporation as of March 31, 2024?

PB Financial Corporation reported total assets of $1.016 billion as of March 31, 2024.

What recent transactions has PB Financial Corporation completed?

Recently, PB Financial completed a preferred stock offering and a legal merger with Coastal Bank & Trust, demonstrating its commitment to growth and value creation.

Where is the headquarters of PB Financial Corporation located?

The headquarters of PB Financial Corporation is located at 450 N. Winstead Avenue in Rocky Mount, North Carolina.

What are the core services provided by Providence Bank?

Providence Bank offers a full suite of banking services to individuals and businesses, serving communities in North Carolina.

How does PB Financial Corporation aim to enhance shareholder value?

PB Financial Corporation focuses on growth, strategic mergers, and continuous efforts to provide long-term value to its customers, employees, and shareholders.

What recent financial achievements has PB Financial Corporation reported?

For the quarter ended March 31, 2024, PB Financial Corporation reported net income available to common stockholders of $3,169,250, showcasing its financial stability and growth.

What recent expansion efforts has PB Financial Corporation undertaken?

PB Financial Corporation recently completed a legal merger with Coastal Bank & Trust, expanding its reach and creating opportunities for further growth and profitability.

How does PB Financial Corporation support its growth initiatives?

PB Financial Corporation raised $17.4 million through a preferred stock offering to support the growth of its franchise and general corporate purposes.

What sets PB Financial Corporation apart as a community bank?

PB Financial Corporation's dedication to providing personalized service, local decision-making, and strong community relationships sets it apart as a leading community bank in North Carolina.