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Skyline Bankshares, Inc. announces a semi-annual cash dividend of $0.21 per share on the Company's common stock. The dividend will be payable on September 18, 2023, to shareholders of record on September 8, 2023. Skyline National Bank, the subsidiary of Skyline Bankshares, Inc., operates in southwestern Virginia and northwestern North Carolina with 27 branches and 1 loan production office.
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Skyline Bankshares, Inc. (OTC QX: PKKW) announces a semi-annual cash dividend of $0.21 per share, payable on March 20, 2023, to shareholders of record on March 10, 2023. The dividend, which increases by 23.53% from the previous $0.17 per share, reflects the company's strong performance following a record net income of $10.3 million for 2022. This increase results in an annualized dividend yield of 3.54% and a payout ratio of 22.95%. President and CEO Blake Edwards expressed appreciation for shareholder support, highlighting the bank's continued success in southwestern Virginia and northwestern North Carolina.

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Skyline Bankshares, Inc. (OTC QX: PKKW) reported Q4 2022 net income of $2.9 million ($0.51/share), up from $2.6 million ($0.45/share) in Q4 2021. The full-year 2022 net income reached $10.3 million ($1.84/share), compared to $9.5 million ($1.59/share) in 2021. The net interest margin expanded to 3.93% in Q4 2022, benefitting from Federal Reserve rate increases. Core loans grew by $97.1 million (14.84%), offsetting losses from PPP loans. However, competition for deposits has increased interest expenses, with total deposits decreasing slightly in Q4 but growing year-over-year. Stockholders' equity rose to $72.9 million at year-end, despite a decrease from the previous year.

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Parkway Acquisition Corp. (PKKW) reported a net income of $2.8 million ($0.50/share) for Q3 2022, up from $2.7 million ($0.45/share) in Q3 2021. For the first nine months, net income rose to $7.4 million ($1.32/share), compared to $6.8 million ($1.14/share) last year. The net interest margin improved to 3.70% from 3.54% in Q2 2022. Total assets increased by $27.9 million (2.80%) to reach $1.02 billion. However, competition for deposits is rising, impacting potential loan activity and rates.

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Parkway Acquisition Corp. (PKKW) reported net income of $2.2 million, or $0.40 per share, for Q2 2022, slightly down from $2.3 million a year prior. Year-to-date earnings increased to $4.6 million, up from $4.1 million. Core loans rose by $81.7 million (13.0%), while SBA-PPP loans dropped by $56.2 million. Total assets grew by 4.26% to $1.04 billion, and the annualized return on average assets decreased to 0.88%. Strong deposit growth of 25% was recorded for lower-cost core deposits. Parkway's stock repurchase program contributed to a 20.29% rise in earnings per share.

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Parkway Acquisition Corp. (OTC QX: PKKW) announced a cash dividend of $0.15 per share on February 15, 2022. The dividend is payable on March 21, 2022 to shareholders recorded by March 11, 2022. Parkway's subsidiary, Skyline National Bank, operates 25 branches and 1 loan production office across southwestern Virginia and northwestern North Carolina.

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Parkway Acquisition Corp. (PKKW) reported fourth quarter 2021 net income of $2.6 million ($0.45/share), up from $1.7 million ($0.28/share) in Q4 2020. For the year, net income reached $9.5 million ($1.59/share), a significant increase from $5.9 million ($0.97/share) in 2020. Notable metrics include a 16.42% rise in total assets to $995.8 million and a 18.89% increase in total deposits, attributed to strong growth strategies, particularly in North Carolina. However, a declining net interest margin is anticipated as the SBA-PPP program concludes.

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