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, Inc. (OTCQX: PSBQ) reported Q2 2022 earnings of $0.72 per share, net income at $3.2 million, down from $0.75 per share and $3.3 million in Q1 2022. Loan growth increased by 5.7% to $925 million, driven by seasonal demand. Net interest income slightly rose to $9.7 million, while noninterest income fell to $1.9 million. Expenses increased by $259,000 to $7.5 million, predominantly due to higher employee costs. The tangible book value decreased to $21.10 per share, influenced by unrealized losses on securities due to rising interest rates.
PSB Holdings, Inc. (OTCQX: PSBQ) announced a semi-annual cash dividend of $0.25 per share, payable on July 29, 2022, to shareholders of record as of July 15, 2022. This marks an 8.7% increase from last year's dividend of $0.23 per share and continues a tradition of cash dividends upheld for 58 years, with 29 consecutive years of increases. President and CEO Scott M. Cattanach stated that the bank is well-positioned amidst rising interest rates and inflation, supported by a healthy local economy.
Peoples State Bank appointed Jessica Brown as Senior Vice President and CFO, effective June 15, 2022. With over 25 years in the banking sector, Brown previously served as CFO for a $5 billion credit union. She aims to enhance the bank's profitability and financial reporting while managing capital funding and balance sheet aspects. Brown’s experience includes leadership roles in both large banks and community banks, emphasizing operational efficiency and growth. She will also serve as CFO and Secretary of PSB Holdings, the bank's parent company, which trades under the stock symbol PSBQ.
PSB Holdings, Inc. (OTCQX: PSBQ) reported first quarter 2022 earnings of $0.75 per share, with net income at $3.3 million, up from $3.1 million in the previous quarter but down from $3.9 million year-over-year. Key highlights include a rise in net interest income to $9.6 million and a drop in noninterest income to $2.0 million, largely due to reduced gains on mortgage loan sales. The bank's tangible book value decreased to $21.82 per share due to unrealized losses. Total assets fell to $1.27 billion, and total deposits decreased by $15.8 million.
PSB Holdings, Inc. (OTCQX: PSBQ) reported a record net income of $12.8 million or $2.88 per share for 2021, up from $10.7 million or $2.40 per share in 2020. Q4 earnings were $0.71 per share, slightly down from $0.82 in Q3. Key drivers included growth in earning assets and lower loan loss provisions, despite lower net interest income due to reduced loan yields and increased operating expenses. Nonperforming assets decreased to 1.06% of total assets. Total deposits rose by $22.2 million to $1.11 billion. The company anticipates benefiting from rising short-term interest rates.
PSB Holdings, Inc. (OTCQX: PSBQ) declared a semi-annual cash dividend of $0.23 per share on December 21, 2021, payable on January 28, 2022, to shareholders of record as of January 7, 2022. This represents a 9.5% increase from last year's $0.21 dividend. The company reported a 17% asset growth and a 26% increase in earnings over the past year, indicating a robust financial position. PSB continues a 57-year tradition of paying cash dividends, with 28 consecutive years of increases.
PSB Holdings, Inc. (OTCQX: PSBQ), the parent company of Peoples State Bank, announced the resignation of CFO Mark Oldenberg, who is taking a CEO position at a community bank in Wisconsin. Oldenberg served as CFO for four years, during which total assets increased by approximately $450 million (53%), including the acquisition of Waukesha Bankshares. PSB is searching for a new CFO, while Scott M. Cattanach, the CEO, will oversee accounting duties in the interim. The company has total assets of $1.3 billion and operates ten banking locations in Wisconsin.
PSB Holdings, Inc. (OTCQX: PSBQ) reported third quarter earnings of $0.82 per share, up from $0.48 in the previous quarter. Net income reached $3.6 million, reflecting strong loan demand, particularly in commercial real estate. However, net interest margin declined to 3.15% from 3.48%. Despite these challenges, total assets grew to $1.30 billion, driven by increased securities and deposit growth of $51.4 million. The tangible equity ratio remained strong at 8.27%, and the bank did not add provisions for loan losses, indicating a positive outlook amidst rising loan modifications related to COVID-19.
PSB Holdings, Inc. (PSBQ) announced second quarter 2021 earnings of $0.48 per share with net income of $2.1 million, down from $0.87 per share and $3.9 million in the previous quarter. The decrease was influenced by $2.7 million in merger-related expenses. Adjusted earnings reached $0.93 per share sans these expenses. The net interest margin fell to 3.48% due to reduced PPP loan income. Total assets rose to $1.25 billion, driven by the Waukesha Bankshares acquisition. Non-performing assets saw a slight decline, reflecting ongoing stability in asset quality.
PSB Holdings, Inc. (OTCQX: PSBQ) announced a semi-annual cash dividend of $0.23 per share, reflecting a 9.5% increase from last year’s dividend of $0.21. The dividend, payable on July 30, 2021, is for shareholders of record by July 9, 2021, continuing a 57-year tradition of cash dividends, with 28 consecutive years of increases. CEO Scott M. Cattanach highlighted the company's resilience during the pandemic, supported by a robust mortgage refinancing market and participation in the SBA PPP program, reaffirming their strong financial position.
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