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) is the holding company for Potomac Bank, a long-established community bank founded in 1871 as Bank of Charles Town. The PTBS news feed on Stock Titan aggregates company-issued press releases and third-party coverage related to its commercial banking, residential lending, trust and wealth services, and corporate activities across West Virginia, Maryland, and Virginia.
Investors and followers of PTBS can use this page to review news about earnings results, dividend declarations, and capital actions such as stock repurchase authorizations. The company regularly reports quarterly financial performance, including net income, return on assets, return on equity, and asset quality metrics, providing insight into its community banking operations and balance sheet trends.
News items also highlight strategic developments at the bank level, including the transition from the Bank of Charles Town and BCT branding to the unified Potomac Bank name, as well as expansion and activity in key regional markets. Coverage includes updates on the SBA Preferred Lender program, commercial and mortgage lending activity, and the work of the Trust and Wealth division serving business owners, families, and individuals.
In addition, the PTBS news stream features governance and leadership updates, such as appointments to the Board of Directors and senior roles within Trust and Wealth, and community engagement stories involving the BCTCares Foundation and local recognition through readers’ polls like Loudoun’s Favorite and Best of the Best. Users can return to this page to monitor new announcements that may be relevant to understanding Potomac Bancshares’ operations, regional presence, and shareholder-related decisions.
BCTCares Foundation, established by BCT-Bank of Charles Town (NASDAQ: PTBS), has launched its annual "Pack the 'Pack" campaign with a goal of raising $100,000 to support food-insecure children. The campaign, running from July 1 through August 31, 2025, aims to feed over 6,000 local children during summer break and school weekends for the 2025-2026 school year.
The initiative partners with four local backpack food charities across West Virginia, Maryland, and Virginia. According to CEO Alice Frazier, the program, which began in 2019, has consistently surpassed its goals despite increasing needs due to inflationary pressures on food prices. Donations can be made at BCT branch locations or through their website.
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.