PSB HOLDINGS INC (WI) - PSBQ STOCK NEWS

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.

PSB Holdings, Inc. reported first quarter 2024 earnings of $0.39 per share, with tangible net book value per share up 8% in the past year. Net interest income declined, non-interest income decreased due to investment restructuring, and non-interest expenses increased. Total assets decreased, loans increased, and the allowance for credit losses slightly rose. Tangible book value per share increased to $24.21. Overall, PSB continues to focus on building shareholder value despite challenges like rising funding costs.

PSB Holdings, Inc. reported fourth-quarter earnings of $0.55 per share on net income of $2.3 million, compared to $0.29 per share on net income of $1.2 million in the third quarter, and $0.80 per share on net income of $3.5 million in the fourth quarter of 2022. The company's net interest income remained unchanged at $9.6 million, and the effective tax rate declined to 26.7%. Tangible book value per common share increased 7.1% to $23.84, and the return on tangible common equity was 9.64%. Loans decreased $19.5 million, and non-interest income was $1.1 million compared to $1.7 million in the prior quarter. Total assets decreased slightly to $1.42 billion, and total deposits decreased $30.4 million to $1.14 billion. The company's tangible stockholder equity as a percent of total tangible assets was 7.49% at December 31, 2023.

PSB Holdings, Inc. (OTCQX: PSBQ) has declared a regular semi-annual cash dividend of $0.30 per share of the Company’s common stock. The dividend is payable January 29, 2024, to shareholders of record as of January 10, 2024, representing a 20.0% increase over the previous dividend. This continues a 59-year tradition of cash dividends to PSB shareholders, including 30 consecutive years of increased cash dividends declared per share. PSB President and CEO Scott M. Cattanach stated that the franchise remains on sound footing, enabling dividend payments to shareholders while expanding their reach in the communities they serve.

PSB Holdings, Inc. (PSBQ) announces participation in DA Davidson Bison Select Bank Conference. President and CEO, CFO, and Senior VP to attend one-on-one meetings with institutional investors in New York, NY. Management's discussion materials to be posted on the company's website.

PSB Holdings, Inc. reports third quarter earnings of $0.29 per common share on net income of $1.2 million, compared to $0.64 per common share on net income of $2.7 million in the previous quarter. The company expects a 6% reduction in effective tax rate on future earnings due to a change in Wisconsin state tax law. Net interest income increased to $9.6 million for the quarter. Total loans receivable increased by $49.7 million to $1.1 billion. Total deposits increased by $29.1 million to $1.17 billion.