Welcome to our dedicated page for Potomac Bancshares news (Ticker: PTBS), a resource for investors and traders seeking the latest updates and insights on Potomac Bancshares stock.
Potomac Bancshares Inc (PTBS) provides investors and stakeholders with centralized access to official corporate announcements and financial developments. This dedicated news hub aggregates all material updates from the community banking leader, including strategic initiatives across its West Virginia, Maryland, and Virginia markets.
Key resources include earnings disclosures, regulatory filings, leadership updates, and operational expansions. Track the company's commercial lending activities, wealth management developments, and branch network enhancements through verified press releases and authorized news coverage.
Users will find chronological updates on mortgage lending innovations, SBA loan program expansions, and risk management practices. The curated collection serves as an essential tool for monitoring the bank's community-focused growth strategy and financial performance indicators.
Bookmark this page for streamlined access to Potomac Bancshares' latest announcements, or subscribe to Stock Titan alerts for real-time updates on significant corporate developments affecting PTBS stakeholders.
Potomac Bancshares (OTCPK: PTBS) reported strong Q1 2025 financial results with net income of $2.2 million, marking a 30% increase from Q1 2024. The company achieved earnings per share of $0.53, up from $0.40 year-over-year.
Key performance metrics showed improvement with return on assets at 1.01% and return on equity at 11.88%. The net interest margin expanded to 3.51%, while loan balances grew 7% and deposits increased 10% on an annualized basis. The bank's asset quality remained stable with nonperforming assets at 0.25% of total assets.
Notable developments include the relocation of a loan production office to Ashburn, Virginia, providing additional growth capacity. The bank maintained strong capital ratios with a total capital ratio of 13.61% and declared a quarterly cash dividend of $0.12 per share, representing a 20% increase from Q1 2024.
Potomac Bancshares (OTC:PTBS), the holding company for Bank of Charles Town (BCT), has announced an 8% increase in its quarterly cash dividend. The company will pay $0.13 per share, up from the previous quarter's $0.12 per share.
The dividend will be paid on May 8, 2025, to shareholders of record as of May 1, 2025. President and CEO Alice P. Frazier stated that this increase reflects the company's sustained success and commitment to delivering shareholder value.
Potomac Bancshares (OTC: PTBS), the holding company for Bank of Charles Town, participated in the VirtualBankConference.com online conference on March 13, 2025. The event featured presentations from several banks and included a keynote address by Melissa Roberts from Stephens, Inc. on Russell Index impacts on bank stocks.
The company was represented by President and CEO Alice Frazier and EVP/CFO Shane Bell, who delivered a presentation now available on the bank's website. The conference, founded by Julienne Cassarino and Ian Green, aimed to connect banks with investors and industry professionals.
BCT-Bank of Charles Town (OTC:PTBS) announced that President and CEO Alice P. Frazier has been elected chairman-elect of the Independent Community Bankers of America (ICBA) for 2025-26, effective March 14 at ICBA LIVE in Nashville.
Frazier currently serves on the ICBA Executive Committee, board of directors, Federal Delegate Board, and Policy and Nominating Committees. She is also the Executive Committee liaison for the Minority Bank Advisory Council and Safety and Soundness Subcommittee. Her local leadership roles include positions on the Federal Reserve Bank of Richmond Board and treasurer roles at WVU East Hospital System and Loudoun Economic Development Authority.
ICBA is the nation's exclusive advocacy organization for community banks and savings institutions, focusing on promoting locally operated banking services that combine high-tech solutions with personalized service for consumers, small businesses, and agricultural enterprises.
BCT-Bank of Charles Town (OTC:PTBS) CEO Alice P. Frazier addressed the House Small Business Committee, representing the Independent Community Bankers of America (ICBA). As ICBA Vice Chair, she advocated for regulatory and tax relief to enhance small business lending capabilities.
Frazier highlighted community banks' significant role in small-business lending through their relationship-based model. She urged policymakers to: provide relief from CFPB's 1071 data collection requirements, implement tiered regulations, extend Section 199A tax benefits, facilitate new community bank capital sources, and support new bank formation through the Promoting New Bank Formation Act (H.R. 478).
Potomac Bancshares (OTCPK: PTBS) reported strong Q4 2024 results with unaudited consolidated net income of $2.0 million and earnings per share of $0.48. The company's adjusted net income was $2.3 million with adjusted EPS of $0.55. For the full year 2024, net income reached $6.8 million with EPS of $1.65.
Key Q4 highlights include improved net interest margin of 3.37% (up 13 basis points), 10% annualized loan balance growth, 110% increase in secondary market mortgage revenue, and 13% growth in wealth management revenue. The Bank's asset quality remained stable with nonperforming assets at 0.31% of total assets.
Total assets reached $877.3 million, up 6% year-over-year, with loans totaling $704.1 million (8% increase). The company maintained strong capital ratios with a total capital ratio of 13.57% and declared a quarterly cash dividend of $0.12 per share.
Potomac Bancshares (OTC:PTBS), the bank holding company for Bank of Charles Town (BCT), has announced its Board of Directors has declared a quarterly cash dividend of $0.12 per share. The dividend will be paid on February 13, 2025, to shareholders of record as of February 6, 2025.
BCT-Bank of Charles Town (OTC:PTBS) has unveiled its renovated Martinsburg, West Virginia branch with a public open house. The event was led by Aaron Howell, SVP and Community Banking Executive, alongside President and CEO Alice Frazier and Branch Manager Kim McGarrah. The renovation marks a significant upgrade for the branch, which opened in 2001 and has become BCT's second-largest location in terms of deposits and client accounts.
The branch's makeover was celebrated with a ribbon-cutting ceremony officiated by Randy Lewis, Interim President and CEO of the Berkeley-Martinsburg Chamber of Commerce. The location offers comprehensive banking services, including deposit accounts, retail and business lending, trust services, wealth management, and mortgage lending. Located at 9738 Tuscarora Pike, the branch operates Monday through Thursday (9:00 a.m. to 4:00 p.m.), Friday (9:00 a.m. to 5:00 p.m.), and Saturday (9:00 a.m. to Noon) with drive-through service available.
Potomac Bankshares (OTC: PTBS) has appointed M. Shane Bell as Executive Vice President and Chief Financial Officer, following Dean Cognetti's retirement. Bell brings over 22 years of banking experience and will oversee the company's financial activities, including financial planning, capital management, and investor relations.
Bell's extensive background includes implementing accounting standards, managing internal controls, and handling interest rate and liquidity risk. Prior to this role, he served as a Manager at Yount, Hyde & Barbour, PC. He holds a CPA license, a B.S. in Accounting from Frostburg State University, and completed coursework at prestigious institutions. Bell has been active in community service, serving on various boards and committees.
BCT-Bank of Charles Town (OTC: PTBS) has appointed Ronald B. Burley as Executive Vice President and Chief Retail Banking Officer. Burley brings over 23 years of banking experience, previously managing operations for 200+ branches in Mid-Atlantic markets. He holds an MBA from Salisbury University and a BS in Economics from Drexel University. As part of the executive team, he will oversee retail banking sales and operations, leveraging his experience in sales leadership, retail operations, and M&A to support the bank's strategic growth plans while maintaining positive client experiences.
