Traditions Bancorp Inc - TRBK STOCK NEWS

Traditions Bancorp (OTC Pink: TRBK) has declared a quarterly cash dividend of $0.08 per common share, payable on November 18, 2024, to shareholders of record as of November 8, 2024. The bank operates eight full-service branches in York, Hanover, and Lancaster, plus a loan production office in Lemoyne, Cumberland County. With assets of $859 million as of June 30, 2024, and 140 associates, Traditions Bank serves south-central Pennsylvania with depository and borrowing services, specializing in residential mortgages.

Traditions Bancorp (OTC Pink: TRBK) reported net income of $1.8 million for Q2 2024, up from $1.4 million in Q1 and $1.3 million in Q2 2023. Earnings per share rose to $0.66, compared to $0.49 in Q1 and $0.47 in Q2 2023. The company saw loan growth of 3% and deposit growth of 6% year-over-year. However, net interest margin contracted to 2.99% from 3.31% in Q2 2023 due to rising funding costs. Mortgage banking income rebounded, with gains on sale of mortgages increasing to $1.5 million from $1.0 million in Q2 2023. The company declared a cash dividend of $0.08 per share.

Traditions Bancorp (OTC Pink: TRBK), parent company of Traditions Bank, has declared a quarterly cash dividend of $0.08 per common share. The dividend will be paid on August 12, 2024, to shareholders of record as of August 2, 2024. Traditions Bank, founded in 2002, operates eight full-service branch offices in York, Hanover, and Lancaster, along with a loan production office in Lemoyne, Cumberland County. As of March 31, 2024, the bank had assets of $841 million and 140 associates. Traditions Bank specializes in depository and borrowing services for businesses and individuals in south-central Pennsylvania, with a strong focus on residential mortgages.

Traditions Bancorp, Inc. reported a net income of $1.4 million for Q1 2024, an increase from $0.7 million in the previous quarter and slightly lower than $1.5 million in Q1 2023. Earnings per share were 49 cents for Q1 2024. The company highlighted growth in loans and deposits, but faced challenges with rising funding costs and interest rates. Mortgage banking income surpassed expectations, offsetting lower net interest income. The company remains cautiously optimistic for the year, contingent on mortgage banking activity and inflation. Key financial data includes a decrease in net interest income, an increase in other expenses, and a credit loss provision of $132 thousand. Nonaccrual loans decreased, but non-performing assets increased slightly. Traditions Bancorp and Traditions Bank are well capitalized.

Traditions Bancorp, the parent company of Traditions Bank, has announced a quarterly cash dividend of eight cents per common share to be paid on May 13, 2024. With assets of $840 million and 140 associates, the bank offers depository and borrowing services in south-central Pennsylvania.

Traditions Bancorp, Inc. (TRBK) announces the retirement of William J. Shorb from its Board of Directors after 22 years of service. Shorb, a founding board director, played key roles in the organization's loan committee and enterprise risk management committee. His departure is praised by the company's leadership for his valuable contributions.

Traditions Bancorp, Inc. reported a decline in net income for the fourth quarter of 2023 compared to the previous year, as well as a decrease in earnings per share. The company's net interest margin contracted, and there was an increase in nonaccrual loans and non-performing assets. Despite these challenges, Traditions Bancorp has implemented strategic measures to preserve capital and better position the company for the future.

Traditions Bancorp (TRBK) announced a quarterly cash dividend of eight cents per common share, to be paid on February 12, 2024. With $850 million in assets as of September 30, 2023, and 150 associates, Traditions Bank operates seven full-service branch offices in Pennsylvania, providing depository and borrowing services to businesses and individuals in the region.

Traditions Bancorp, Inc. reported net income of $1.4 million for Q3 2023, compared to $1.3 million in the previous quarter and $1.6 million in Q3 2022. Earnings per share (diluted) were 51 cents for Q3 2023, up from 47 cents in the previous quarter. The company's net interest margin contracted to 3.29% in Q3 2023. Loans grew by $89.4 million, or 15%, over the previous year. Deposits increased by $43.2 million, or 7%, over the previous year. Gains on the sale of mortgages declined to $0.8 million in Q3 2023. The company declared a cash dividend of eight cents per common share.