Pinnacle Bankshares Corporation Announces Quarterly Cash Dividend of 25 Cents per Share
Pinnacle Bankshares (OTCQX: PPBN) has declared a quarterly cash dividend of $0.25 per share, maintaining the same level as last quarter. The dividend will be payable on December 6, 2024, to shareholders of record as of November 22, 2024. This marks the forty-ninth consecutive quarter of dividend payments. Despite lower profitability compared to 2023, the company reports strong performance among Virginia community banking peers, citing favorable liquidity position, expanding net interest margin, and strong credit quality.
Pinnacle Bankshares (OTCQX: PPBN) ha dichiarato un dividendo in contante trimestrale di $0,25 per azione, mantenendo lo stesso livello dell'ultimo trimestre. Il dividendo sarà pagabile il 6 dicembre 2024, agli azionisti registrati al 22 novembre 2024. Questo segna il quarantanovesimo trimestre consecutivo di pagamenti di dividendi. Nonostante una redditività inferiore rispetto al 2023, l'azienda riporta prestazioni solide tra i coetanei delle banche comunitarie in Virginia, citando una posizione di liquidità favorevole, un margine di interesse netto in espansione e una forte qualità del credito.
Pinnacle Bankshares (OTCQX: PPBN) ha declarado un dividendo en efectivo trimestral de $0.25 por acción, manteniendo el mismo nivel que el trimestre anterior. El dividendo se pagará el 6 de diciembre de 2024, a los accionistas registrados al 22 de noviembre de 2024. Esto marca el cuadragésimo noveno trimestre consecutivo de pagos de dividendos. A pesar de la menor rentabilidad en comparación con 2023, la empresa informa un sólido rendimiento entre sus pares en la banca comunitaria de Virginia, citando una posición de liquidez favorable, un margen de interés neto en expansión y una fuerte calidad crediticia.
Pinnacle Bankshares (OTCQX: PPBN)는 주당 $0.25의 분기 배당금을 선언하였으며, 이는 지난 분기와 동일한 수준입니다. 배당금은 2024년 12월 6일에 지급되며, 2024년 11월 22일 기준 주주에게 지급됩니다. 이는 49번째 연속 분기 배당금 지급을 의미합니다. 2023년에 비해 낮은 수익성에도 불구하고, 이 회사는 버지니아 지역 사회은행 동료들 사이에서 강력한 성과를 보고하고 있으며, 수익성이 높고, 순이자 마진이 확대되며, 신용 품질이 우수하다고 언급하고 있습니다.
Pinnacle Bankshares (OTCQX: PPBN) a déclaré un dividende en espèces trimestriel de 0,25 $ par action, maintenant le même niveau que le trimestre précédent. Le dividende sera payable le 6 décembre 2024, aux actionnaires inscrits au 22 novembre 2024. Cela marque le quarantenaire trimestre consécutif de paiements de dividendes. Malgré une rentabilité inférieure par rapport à 2023, la société rapportait de bonnes performances parmi ses pairs de la banque communautaire en Virginie, citant une position de liquidité favorable, une marge d'intérêt net en expansion et une solide qualité de crédit.
Pinnacle Bankshares (OTCQX: PPBN) hat eine vierteljährliche Bar-Dividende von $0,25 pro Aktie erklärt, die auf dem gleichen Niveau wie im letzten Quartal bleibt. Die Dividende wird am 6. Dezember 2024 an die Aktionäre ausgezahlt, die zum 22. November 2024 registriert sind. Dies markiert das neunundvierzigste aufeinanderfolgende Quartal von Dividendenauszahlungen. Trotz einer geringeren Rentabilität im Vergleich zu 2023 berichtet das Unternehmen von einer starken Leistung im Vergleich zu seinen Kollegen im Gemeinschaftsbankwesen in Virginia und hebt eine günstige Liquiditätslage, einen sich ausweitenden Nettzinsspanne und eine starke Kreditqualität hervor.
- 49 consecutive quarters of dividend payments, showing consistent shareholder returns
- Maintained quarterly dividend at $0.25 per share
- Expanding net interest margin
- Strong credit quality
- Strong liquidity position
- Lower profitability compared to 2023
ALTAVISTA, Va., Nov. 13, 2024 (GLOBE NEWSWIRE) -- Pinnacle Bankshares Corporation (“Pinnacle” or the “Company”) (OTCQX: PPBN), the one-bank holding company for First National Bank (the “Bank”), announced today that its Board of Directors declared a cash dividend of
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“Pinnacle is pleased to provide a cash dividend of
Pinnacle Bankshares Corporation is a locally managed community banking organization serving Central and Southern Virginia. The one-bank holding company of First National Bank serves market areas consisting primarily of all or portions of the Counties of Amherst, Bedford, Campbell, Halifax, and Pittsylvania, and the Cities of Charlottesville, Danville and Lynchburg. The Company has a total of eighteen branches with one branch in Amherst County within the Town of Amherst, two branches in Bedford County; five branches in Campbell County, including two within the Town of Altavista, where the Bank was founded; one branch in the City of Charlottesville, three branches in the City of Danville; three branches in the City of Lynchburg; and three branches in Pittsylvania County, including one within the Town of Chatham. Additionally, a Loan Production Office and a temporary full-service branch have been opened in South Boston, with the Bank having plans to open a permanent full-service branch location in the near future to serve South Boston and the greater Halifax County market. First National Bank is in its 116th year of operation.
This press release may contain “forward-looking statements” within the meaning of federal securities laws that involve significant risks and uncertainties. Any statements contained herein that are not historical facts are forward-looking and are based on current assumptions and analysis by the Company. These forward-looking statements, including statements made in Mr. Hall’s quotes may include, but are not limited to, statements regarding the credit quality of our asset portfolio in future periods, the expected losses of nonperforming loans in future periods, returns and capital accretion during future periods, our cost of funds, the maintenance of our net interest margin, future operating results and business performance and our growth initiatives. Although we believe our plans and expectations reflected in these forward-looking statements are reasonable, our ability to predict results or the actual effect of future plans or strategies is inherently uncertain, and we can give no assurance that these plans or expectations will be achieved. Factors that could cause actual results to differ materially from management's expectations include, but are not limited to: changes in consumer spending and saving habits that may occur, including increased inflation; changes in general business, economic and market conditions; attracting, hiring, training, motivating and retaining qualified employees; changes in fiscal and monetary policies, and laws and regulations; changes in interest rates, inflation rates, deposit flows, loan demand and real estate values; changes in the quality or composition of the Company’s loan portfolio and the value of the collateral securing loans; changes in macroeconomic trends and uncertainty, including liquidity concerns at other financial institutions, and the potential for local and/or global economic recession; changes in demand for financial services in Pinnacle’s market areas; increased competition from both banks and non-banks in Pinnacle’s market areas; a deterioration in credit quality and/or a reduced demand for, or supply of, credit; increased information security risk, including cyber security risk, which may lead to potential business disruptions or financial losses; volatility in the securities markets generally, including in the value of securities in the Company’s securities portfolio or in the market price of Pinnacle common stock specifically; and other factors, which could cause actual results to differ materially from future results expressed or implied by such forward-looking statements. These risks and uncertainties should be considered in evaluating the forward-looking statements contained herein, and you should not place undue reliance on such statements, which reflect our views as of the date of this release.
CONTACT: Pinnacle Bankshares Corporation, Bryan M. Lemley, 434-477-5882 or bryanlemley@1stnatbk.com
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