PB Financial Corporation Reports Record First Quarter 2025 Earnings
PB Financial (PBNC) reported exceptional Q1 2025 results with net income available to common stockholders reaching $4.7 million, a 48.31% increase from $3.17 million in Q1 2024. The company demonstrated robust growth across key metrics:
Total assets grew 33.40% to $1.355 billion, while deposits surged 43.26% to $1.153 billion. Gross loans increased 33.56% to $1.149 billion compared to Q1 2024. Basic earnings per share improved 26.15% to $1.64, and book value per share rose 15.22% to $41.10.
The company maintained its tradition of increasing shareholder returns, paying its 53rd consecutive quarterly dividend increase of $0.57 per share. Net interest income showed significant growth at $11.77 million, up from $7.76 million in the previous year.
PB Financial (PBNC) ha riportato risultati eccezionali per il primo trimestre del 2025, con un reddito netto disponibile per gli azionisti ordinari che ha raggiunto i 4,7 milioni di dollari, un aumento del 48,31% rispetto ai 3,17 milioni di dollari nel primo trimestre del 2024. L'azienda ha dimostrato una crescita robusta in tutti i principali indicatori:
Il totale degli attivi è cresciuto del 33,40% a 1,355 miliardi di dollari, mentre i depositi sono aumentati del 43,26% a 1,153 miliardi di dollari. I prestiti lordi sono aumentati del 33,56% a 1,149 miliardi di dollari rispetto al primo trimestre del 2024. L'utile per azione di base è migliorato del 26,15% a 1,64 dollari, e il valore contabile per azione è aumentato del 15,22% a 41,10 dollari.
L'azienda ha mantenuto la sua tradizione di aumentare i ritorni per gli azionisti, pagando il suo 53° aumento consecutivo del dividendo trimestrale di 0,57 dollari per azione. Il reddito netto da interessi ha mostrato una crescita significativa a 11,77 milioni di dollari, rispetto ai 7,76 milioni di dollari dell'anno precedente.
PB Financial (PBNC) reportó resultados excepcionales para el primer trimestre de 2025, con un ingreso neto disponible para los accionistas comunes que alcanzó los 4,7 millones de dólares, un aumento del 48,31% con respecto a los 3,17 millones de dólares en el primer trimestre de 2024. La empresa demostró un crecimiento sólido en todos los indicadores clave:
Los activos totales crecieron un 33,40% a 1,355 mil millones de dólares, mientras que los depósitos aumentaron un 43,26% a 1,153 mil millones de dólares. Los préstamos brutos aumentaron un 33,56% a 1,149 mil millones de dólares en comparación con el primer trimestre de 2024. Las ganancias básicas por acción mejoraron un 26,15% a 1,64 dólares, y el valor contable por acción aumentó un 15,22% a 41,10 dólares.
La empresa mantuvo su tradición de aumentar los retornos a los accionistas, pagando su 53ª aumento consecutivo del dividendo trimestral de 0,57 dólares por acción. Los ingresos netos por intereses mostraron un crecimiento significativo de 11,77 millones de dólares, frente a los 7,76 millones de dólares del año anterior.
PB Financial (PBNC)는 2025년 1분기 예외적인 실적을 보고했으며, 보통주주에게 배당 가능한 순이익이 470만 달러에 달해 2024년 1분기 317만 달러에서 48.31% 증가했습니다. 회사는 주요 지표 전반에 걸쳐 강력한 성장을 보여주었습니다:
총 자산은 33.40% 증가하여 13억 5,500만 달러에 달했고, 예금은 43.26% 증가하여 11억 5,300만 달러에 도달했습니다. 총 대출은 2024년 1분기 대비 33.56% 증가하여 11억 4,900만 달러에 이르렀습니다. 기본 주당 순이익은 26.15% 개선되어 1.64달러에 달했으며, 주당 장부 가치는 15.22% 증가하여 41.10달러가 되었습니다.
회사는 주주 수익 증가의 전통을 유지하며, 53번째 연속 분기 배당금 인상으로 주당 0.57달러를 지급했습니다. 순이자 수익은 1,177만 달러로 증가하여, 전년의 776만 달러에서 크게 성장했습니다.
PB Financial (PBNC) a annoncé des résultats exceptionnels pour le premier trimestre 2025, avec un revenu net disponible pour les actionnaires ordinaires atteignant 4,7 millions de dollars, soit une augmentation de 48,31% par rapport à 3,17 millions de dollars au premier trimestre 2024. L'entreprise a démontré une croissance robuste sur tous les indicateurs clés :
Les actifs totaux ont augmenté de 33,40% pour atteindre 1,355 milliard de dollars, tandis que les dépôts ont bondi de 43,26% pour atteindre 1,153 milliard de dollars. Les prêts bruts ont augmenté de 33,56% pour atteindre 1,149 milliard de dollars par rapport au premier trimestre 2024. Le bénéfice de base par action a progressé de 26,15% pour atteindre 1,64 dollar, et la valeur comptable par action a augmenté de 15,22% pour atteindre 41,10 dollars.
L'entreprise a maintenu sa tradition d'augmentation des rendements pour les actionnaires, en versant sa 53ème augmentation consécutive du dividende trimestriel de 0,57 dollar par action. Les revenus nets d'intérêts ont montré une croissance significative à 11,77 millions de dollars, contre 7,76 millions de dollars l'année précédente.
PB Financial (PBNC) berichtete über außergewöhnliche Ergebnisse im ersten Quartal 2025, wobei der den Stammaktionären zur Verfügung stehende Nettogewinn 4,7 Millionen Dollar erreichte, ein Anstieg von 48,31% im Vergleich zu 3,17 Millionen Dollar im ersten Quartal 2024. Das Unternehmen zeigte ein robustes Wachstum in allen wichtigen Kennzahlen:
Die Gesamtaktiva wuchsen um 33,40% auf 1,355 Milliarden Dollar, während die Einlagen um 43,26% auf 1,153 Milliarden Dollar anstiegen. Die Bruttokredite stiegen um 33,56% auf 1,149 Milliarden Dollar im Vergleich zum ersten Quartal 2024. Der Grundgewinn pro Aktie verbesserte sich um 26,15% auf 1,64 Dollar, und der Buchwert pro Aktie stieg um 15,22% auf 41,10 Dollar.
Das Unternehmen hielt an seiner Tradition fest, die Renditen für die Aktionäre zu erhöhen, indem es eine 53. aufeinanderfolgende Erhöhung der vierteljährlichen Dividende von 0,57 Dollar pro Aktie zahlte. Die Nettozinserträge zeigten ein signifikantes Wachstum von 11,77 Millionen Dollar, gegenüber 7,76 Millionen Dollar im Vorjahr.
- Net income surged 48.31% year-over-year to $4.7 million
- Deposits grew 43.26% to $1.153 billion
- Gross loans increased 33.56% to $1.149 billion
- Net interest income increased significantly to $11.77 million from $7.76 million
- 53rd consecutive quarterly dividend increase maintained
- Basic EPS grew 26.15% to $1.64
- Credit loss provisions remained necessary at $161,000
- Non-interest expenses increased 62.3% to $5.61 million
ROCKY MOUNT, NC / ACCESS Newswire / April 8, 2025 / Ted E. Whitehurst, President and CEO of PB Financial Corporation (OTCQX:PBNC), the holding company (the "Company") for Providence Bank, reported net income available to common stockholders for the quarter ended March 31, 2025, of
As of March 31, 2025, the Company reported total assets of
Whitehurst commented, "I am very pleased to report record quarterly earnings. The Company continued to experience strong growth throughout the organization with over
For the three-month period ended March 31, 2025, the Company had basic earnings of
Providence Bank is a state-chartered community bank headquartered at 450 N. Winstead Avenue in Rocky Mount, North Carolina, with branches in Rocky Mount, Tarboro, Nashville, Wilson, Raleigh, Jacksonville, Holly Ridge, Morehead City, Richlands, and a loan production office in New Bern.
This press release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 regarding PB Financial Corporation. Those statements may include but are not limited to statements regarding the Company's plans, objectives, expectations and intentions and other statements identified by words such as "believes," "considers," "expects," "anticipates," "estimates," "intends," "plans," "targets," "projects," "would be," and similar expressions. These statements are based upon current beliefs and expectations of management of PB Financial Corporation and are subject to significant risks and uncertainties. Actual or future results or events may differ from those set forth in the forward-looking statements. PB Financial Corporation does not undertake to update any forward-looking statements in this press release. The information as of and for the quarters ended March 31, 2025 and March 31, 2024 as presented are unaudited.
PB Financial Corporation
Consolidated Balance Sheets and Statements of Operations
Balance Sheets |
| March 31, |
|
| December 31, |
| ||
In Thousands |
| 2025 |
|
| 2024 |
| ||
Assets |
| (unaudited) |
|
|
| * |
| |
Cash and due from banks |
| $ | 11,844 |
|
| $ | 11,445 |
|
Interest-earning deposits with banks |
|
| 31,988 |
|
|
| 13,385 |
|
Investment securities |
|
| 113,981 |
|
|
| 114,048 |
|
Loans, gross |
|
| 1,149,038 |
|
|
| 1,129,337 |
|
Allowance for credit losses |
|
| (10,369 | ) |
|
| (10,205 | ) |
Intangible assets |
|
| 14,604 |
|
|
| 14,278 |
|
Other assets |
|
| 43,987 |
|
|
| 44,922 |
|
Total assets |
| $ | 1,355,073 |
|
| $ | 1,317,210 |
|
|
|
|
|
|
|
|
|
|
Liabilities and Stockholders' Equity |
|
|
|
|
|
|
|
|
Deposits |
| $ | 1,153,187 |
|
| $ | 1,115,145 |
|
Borrowed funds |
|
| 53,398 |
|
|
| 58,496 |
|
Other liabilities |
|
| 10,245 |
|
|
| 10,282 |
|
Shareholders' Equity |
|
| 138,243 |
|
|
| 133,287 |
|
|
|
|
|
|
|
|
|
|
Total liabilities and stockholders' equity |
| $ | 1,355,073 |
|
| $ | 1,317,210 |
|
Book value per share |
| $ | 41.10 |
|
| $ | 39.63 |
|
Tangible book value per share |
| $ | 36.11 |
|
| $ | 34.72 |
|
Statements of Operations |
| For the three months ended |
| |||||
In Thousands |
| March 31, |
|
| March 31, |
| ||
|
| 2025 |
|
| 2024 |
| ||
|
| (unaudited) |
|
| (unaudited) |
| ||
Interest income |
| $ | 21,038 |
|
| $ | 15,640 |
|
Interest expense |
|
| 9,267 |
|
|
| 7,884 |
|
Net interest income |
|
| 11,771 |
|
|
| 7,756 |
|
Provision for credit losses |
|
| 161 |
|
|
| 172 |
|
Net interest income after |
|
|
|
|
|
|
|
|
provision for credit losses |
|
| 11,610 |
|
|
| 7,584 |
|
Non interest income |
|
| 476 |
|
|
| 299 |
|
Non interest expense |
|
| 5,608 |
|
|
| 3,455 |
|
Income before income taxes |
|
| 6,478 |
|
|
| 4,428 |
|
Income tax expense |
|
| 1,464 |
|
|
| 1,098 |
|
Net income |
|
| 5,014 |
|
|
| 3,330 |
|
Preferred stock dividends |
|
| 314 |
|
|
| 161 |
|
Net income available to common stockholders |
| $ | 4,700 |
|
| $ | 3,169 |
|
|
|
|
|
|
|
|
|
|
Net income per common share - basic |
| $ | 1.64 |
|
| $ | 1.30 |
|
Net income per common share - diluted |
| $ | 1.57 |
|
| $ | 1.24 |
|
|
|
|
|
|
|
|
|
|
* Derived from audited financial statements |
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For more information, contact:
Ted E. Whitehurst, President and CEO
252-467-2990; twhitehurst@pbknc.com
SOURCE: PB Financial Corp.
View the original press release on ACCESS Newswire
FAQ
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