Welcome to our dedicated page for Psb Holdings news (Ticker: PSBQ), a resource for investors and traders seeking the latest updates and insights on Psb Holdings stock.
Overview
PSB Holdings (PSBQ) is a reputable community banking organization with a diversified financial services portfolio. As the parent company of Peoples State Bank, it plays a crucial role in offering a wide range of banking services, including commercial and residential lending, deposit products, as well as insurance and investment solutions. The company has embedded itself into the fabric of regional finance by catering to local businesses and individuals, ensuring tailored offerings that address the specific financial needs of its communities.
Business Model and Operations
At its core, PSB Holdings leverages traditional community banking strategies to generate revenue. The company maintains a diversified loan portfolio consisting of commercial real estate, residential real estate, and commercial non-real estate lending. A significant portion of its revenue is derived from net interest income, driven by prudent management of asset yields and funding costs, while non-interest income is augmented by fee-based services such as mortgage banking and investment advisory. Employing risk management practices and robust credit policies, the bank is dedicated to sustaining high asset quality and controlled operating expenses.
Financial Services and Product Offerings
PSB Holdings offers a comprehensive suite of financial services that include:
- Commercial and Residential Lending: A varied mix of loan products addressing commercial real estate, construction, and residential financing needs.
- Deposit Solutions: A balanced range of deposit products, such as money market and time deposits, designed to foster stable funding sources.
- Investment and Insurance Services: Through affiliated divisions, the company extends investment advisory services and insurance products, helping clients with wealth management and retirement planning.
This multi-faceted offering ensures that PSB Holdings remains well positioned to serve a broad spectrum of customer requirements while diversifying its revenue streams.
Competitive Position and Market Significance
Operating within a competitive, regional banking landscape, PSB Holdings distinguishes itself through its strong local presence and consistent focus on asset quality. The company's investment in community relationships and tailored financial solutions fosters customer loyalty and a solid reputation in the market. With a conservative lending philosophy and disciplined expense management, it has demonstrated its ability to adapt to evolving market conditions without compromising service quality or operational efficiency.
Risk Management and Operational Excellence
PSB Holdings adheres to stringent risk management practices to preserve its credit quality and manage non-performing assets effectively. Its diversified loan portfolio and proactive asset management strategies ensure resilient performance even amid market fluctuations. By focusing on quality over quantity, the company minimizes exposure to volatile segments, placing a premium on sustained financial health and long-term operational stability.
Governance and Industry Expertise
Managed by an experienced leadership team, PSB Holdings exemplifies transparency and diligence in its decision-making processes. Its operational framework is built on principles of rigorous credit evaluation, responsive customer service, and continuous improvement in core banking operations. This balanced approach engenders a sense of trust among stakeholders and underlines the company’s solid foundation as an established financial institution.
Conclusion
PSB Holdings (PSBQ) stands as a comprehensive financial services entity offering a blend of traditional banking and modern financial solutions. Its diversified revenue streams and dedication to asset quality make it a significant player within the community banking segment. Investors and market researchers can view the company as a prime example of how strategic risk management and a diversified approach to financial services contribute to sustained operational excellence in the competitive world of regional banking.
PSB Holdings (PSBQ) reported Q4 2024 earnings of $0.73 per share on net income of $3.0 million, up from $0.55 per share in Q4 2023. Full-year 2024 earnings reached $2.37 per share on net income of $9.8 million, a 10% increase from 2023.
Key Q4 highlights include: net interest income rose to $10.4 million with a margin of 2.96%; loans grew 2% to $1.08 billion; deposits increased slightly to $1.15 billion. The allowance for credit losses was 1.13% of gross loans, while non-performing assets remained at 0.71% of total assets.
Tangible book value per share grew 9.0% year-over-year to $25.98. The company paid dividends totaling $0.64 per share in 2024, up 6.7% from 2023. On January 21, 2025, PSB acquired Larson Financial Group, , expanding its financial advisory services.
PSB Holdings (OTCQX: PSBQ) has declared a semi-annual cash dividend of $0.32 per share, payable January 31, 2025, to shareholders of record as of January 10, 2025. This represents a 6.7% increase from the previous year's $0.30 per share dividend. The announcement marks the company's 60-year tradition of cash dividends, including 31 consecutive years of increased dividends. CEO Scott M. Cattanach expressed optimism about the company's improved financial performance since mid-year.
PSB Holdings is the parent company of Peoples State Bank, a community bank headquartered in Wausau, Wisconsin, operating twelve full-service locations across various Wisconsin counties and a loan production office in Dane county.
PSB Holdings (PSBQ) reported Q3 2024 earnings of $0.69 per share on net income of $2.9 million, up from $0.56 per share in Q2 2024 and $0.29 in Q3 2023. Net interest margin increased 6 basis points, while tangible book value per share rose 18.7% year-over-year to $26.41. The quarter saw improvements in asset quality with non-performing assets declining to 0.71% of total assets. Total loans decreased to $1.06 billion, while deposits dropped to $1.14 billion. The allowance for credit losses increased to 1.18% of gross loans, and net interest income grew to $9.9 million with a 2.90% net margin.
PSB Holdings, Inc. (OTCQX: PSBQ) reported second quarter 2024 earnings of $0.56 per share on net income of $2.3 million. Key highlights include:
- Net interest income increased to $9.4 million, with net interest margin expanding to 2.84%
- Noninterest income rose to $1.9 million, up from $1.0 million in Q1
- Tangible book value per share increased to $24.55
- Loans decreased by $6.6 million to $1.07 billion
- Deposits grew by $39.0 million to $1.15 billion
- Return on tangible common equity was 9.34%
The company saw improvements in net interest margin, operating expenses, and tangible book value. Management expects continued growth and increased earnings if interest rates remain stable or decline through 2024.
PSB Holdings, parent of Peoples State Bank, declared a semi-annual cash dividend of $0.32 per share, reflecting a 6.7% increase over the previous dividend of $0.30 per share. The dividend will be paid on July 31, 2024, to shareholders recorded by July 11, 2024. This marks the 31st consecutive year of increased dividends, continuing a 60-year tradition. CEO Scott M. Cattanach credited the company's solid quarterly performance for enabling this dividend. PSB Holdings is traded under the stock symbol PSBQ on the OTCQX Market, serving multiple counties in Wisconsin through its various banking and financial service locations.
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