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) serves as the one bank holding company for Bank of Charles Town (BCT). Founded in 1871, BCT offers a variety of banking products and services through its main office and multiple branches. The bank provides commercial and residential loans, wealth management services, and more to individuals, businesses, and local municipalities. With a focus on building long-lasting client relationships, the bank continues to achieve steady growth and profitability. PTBS maintains a strong presence in the market with consistent dividends, strategic goals, and a commitment to delivering exceptional service.
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Potomac Bancshares, Inc. (PTBS) reported a net income of $7.264 million for the full year 2023, with a ROA of 0.91% and ROE of 11.59%. The company experienced a 9.9% increase in total assets, a 7.2% increase in net interest income, and a 2.74% increase in pre-tax pre-provision net income. However, it was impacted by pre-tax losses on sales of securities. The company also announced a quarterly dividend of $0.10 per share.
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Potomac Bancshares, Inc. (PTBS) announced a quarterly dividend of $0.10 per share for all shareholders of record on February 2, 2024, to be paid on February 9, 2024.
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BCT-Bank of Charles Town (BCT) has been honored with the 2023 Best of the Best Readers' Choice Awards in four financial services categories: Bank, Mortgage Company, Loan Service, and Financial Planning/Service Company. The awards, presented by the Martinsburg Journal-News, reflect the community's trust and recognition of BCT as their most trusted financial partner in the Eastern Panhandle. President and CEO Alice P. Frazier expressed pride in the BCT Team and gratitude towards their clients and community for this significant honor.
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BCT-The Community's Bank (OTC:PTBS) recently appointed Erik Seppala as Vice President and Relationship Manager for BCT's Small Business Administration (SBA) lending team. Mr. Seppala brings over 20 years of banking experience to BCT, focusing on SBA and traditional commercial lending in Northern Virginia, Maryland, and West Virginia. His expertise will enhance BCT's ability to provide the best loan products and services in their markets.
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OTC:PTBS - BCT-Bank of Charles Town Named One of the Best Banks to Work For in 2023 - The Community's Bank, BCT, has been recognized as one of the Best Banks to Work For in 2023, marking the fourth year of this achievement. The program, initiated by American Banker and Best Companies Group, identifies and honors U.S. banks for outstanding employee satisfaction. The ranking is determined through employee surveys and a review of workplace policies and benefits. President and CEO, Alice P. Frazier, expressed delight at the recognition and emphasized the meaningfulness of the team members' confidence in BCT as a great place to work. The program is open to various chartered retail financial institutions with at least 50 employees in the United States.
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PTBS - BCT-The Community's Bank Appoints Christopher Turley as Senior VP and Director of Government Lending
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Potomac Bancshares, Inc. (OTC: PTBS) reported earnings of $1.729 million or $0.42 per share for Q3 2023, compared to $2.084 million or $0.50 per share in Q3 2022. Net income for the first nine months of 2023 was $5.554 million or $1.34 per share, a 7.8% increase from the same period in 2022. Total assets were $809.6 million, up 4.8% from Q3 2022. Loan growth of $52.3 million was driven by commercial, mortgage, and home equity lines. Non-interest income increased by 9.2% compared to Q3 2022. The company declared a quarterly dividend of $0.10 per share.
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The BCTCares Foundation, founded by the employees of BCT-Bank of Charles Town, raised $65,000 through its annual Pack The 'Pack program. The donation of $16,250 to each of the four partner charities will provide funding for approximately 5,600 take-home backpacks filled with enough food for two days. The fundraising effort took place from July 1, 2023, through August 31, 2023, and involved clients, vendors, employees, and the community.
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Potomac Bancshares, Inc. declares a quarterly dividend of $0.10 per share
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BCT-Bank of Charles Town CEO recognized as an honoree at Women Who Mean Business gala
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FAQ
What is the current stock price of Potomac Bancshares (PTBS)?
The current stock price of Potomac Bancshares (PTBS) is $15.64 as of February 21, 2025.
What is the market cap of Potomac Bancshares (PTBS)?
The market cap of Potomac Bancshares (PTBS) is approximately 63.0M.
When was Potomac Bancshares, Inc. founded?
Potomac Bancshares, Inc. was founded in 1871.
What services does Bank of Charles Town (BCT) offer?
BCT provides a range of banking products and services, including commercial and residential loans, wealth management, and online banking.
Where are BCT's branch offices located?
BCT's branch offices are situated in Jefferson and Berkeley Counties (WV), Washington County (MD), and Loudoun and Stafford Counties (VA).
How is Potomac Bancshares, Inc.'s dividend policy?
Potomac Bancshares, Inc. declared a quarterly dividend of $0.12 per share, representing a 20.0% increase from the previous quarter's dividend.
Is Potomac Bancshares, Inc. publicly traded?
Yes, Potomac Bancshares, Inc.'s shares are quoted on the OTC Pink Sheet marketplace under the symbol 'PTBS.'
Potomac Bancshares Inc