PB Financial Corporation Reports Record Second Quarter 2025 Earnings
PB Financial Corporation (OTCQX:PBNC) reported exceptional second quarter 2025 results, with net income available to common shareholders reaching $5.11 million, up 24.35% from $4.11 million in Q2 2024. The company demonstrated robust growth across key metrics, with total assets increasing 11.14% to $1.402 billion.
Total deposits grew 12.85% to $1.186 billion, while gross loans increased 10.34% to $1.176 billion compared to Q2 2024. Basic earnings per share for the first half of 2025 improved to $3.42, up 23.91% year-over-year. The company will pay its 55th consecutive quarterly dividend of $0.59 per share on August 22, 2025.
Book value per share increased 11.54% to $41.48, reflecting continued value creation following the strategic merger with Coastal Bank & Trust.
PB Financial Corporation (OTCQX:PBNC) ha riportato risultati eccezionali nel secondo trimestre 2025, con un utile netto disponibile per gli azionisti comuni pari a 5,11 milioni di dollari, in aumento del 24,35% rispetto ai 4,11 milioni di dollari del secondo trimestre 2024. L'azienda ha mostrato una crescita solida in tutti i principali indicatori, con un aumento totale degli attivi dell'11,14%, raggiungendo 1,402 miliardi di dollari.
I depositi totali sono cresciuti del 12,85%, arrivando a 1,186 miliardi di dollari, mentre i prestiti lordi sono aumentati del 10,34%, toccando 1,176 miliardi di dollari rispetto al secondo trimestre 2024. L'utile base per azione per la prima met脿 del 2025 猫 migliorato a 3,42 dollari, con un incremento del 23,91% su base annua. La societ脿 pagher脿 il suo 55掳 dividendo trimestrale consecutivo di 0,59 dollari per azione il 22 agosto 2025.
Il valore contabile per azione 猫 aumentato dell'11,54%, raggiungendo 41,48 dollari, riflettendo la continua creazione di valore a seguito della fusione strategica con Coastal Bank & Trust.
PB Financial Corporation (OTCQX:PBNC) report贸 resultados excepcionales en el segundo trimestre de 2025, con un ingreso neto disponible para accionistas comunes de 5,11 millones de d贸lares, un aumento del 24,35% respecto a los 4,11 millones del segundo trimestre de 2024. La compa帽铆a mostr贸 un crecimiento s贸lido en los principales indicadores, con un aumento total de activos del 11,14%, alcanzando 1.402 millones de d贸lares.
Los dep贸sitos totales crecieron un 12,85%, llegando a 1.186 millones de d贸lares, mientras que los pr茅stamos brutos aumentaron un 10,34%, alcanzando 1.176 millones de d贸lares en comparaci贸n con el segundo trimestre de 2024. Las ganancias b谩sicas por acci贸n para la primera mitad de 2025 mejoraron a 3,42 d贸lares, un incremento del 23,91% interanual. La compa帽铆a pagar谩 su 55.潞 dividendo trimestral consecutivo de 0,59 d贸lares por acci贸n el 22 de agosto de 2025.
El valor contable por acci贸n aument贸 un 11,54%, alcanzando 41,48 d贸lares, reflejando la continua creaci贸n de valor tras la fusi贸n estrat茅gica con Coastal Bank & Trust.
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PB Financial Corporation (OTCQX:PBNC) a annonc茅 des r茅sultats exceptionnels pour le deuxi猫me trimestre 2025, avec un b茅n茅fice net attribuable aux actionnaires ordinaires atteignant 5,11 millions de dollars, en hausse de 24,35 % par rapport 脿 4,11 millions de dollars au deuxi猫me trimestre 2024. La soci茅t茅 a d茅montr茅 une croissance robuste sur les principaux indicateurs, avec une augmentation des actifs totaux de 11,14 % 脿 1,402 milliard de dollars.
Les d茅p么ts totaux ont augment茅 de 12,85 % pour atteindre 1,186 milliard de dollars, tandis que les pr锚ts bruts ont progress茅 de 10,34 % 脿 1,176 milliard de dollars par rapport au deuxi猫me trimestre 2024. Le b茅n茅fice de base par action pour le premier semestre 2025 s'est am茅lior茅 脿 3,42 dollars, soit une hausse de 23,91 % en glissement annuel. La soci茅t茅 versera son 55e dividende trimestriel cons茅cutif de 0,59 dollar par action le 22 ao没t 2025.
La valeur comptable par action a augment茅 de 11,54 % pour atteindre 41,48 dollars, refl茅tant la cr茅ation de valeur continue suite 脿 la fusion strat茅gique avec Coastal Bank & Trust.
PB Financial Corporation (OTCQX:PBNC) meldete herausragende Ergebnisse f眉r das zweite Quartal 2025, mit einem auf Stammaktion盲re entfallenden Nettogewinn von 5,11 Millionen US-Dollar, was einem Anstieg von 24,35 % gegen眉ber 4,11 Millionen US-Dollar im zweiten Quartal 2024 entspricht. Das Unternehmen verzeichnete ein robustes Wachstum in den wichtigsten Kennzahlen, wobei die Gesamtaktiva um 11,14 % auf 1,402 Milliarden US-Dollar stiegen.
Die Gesamteinlagen wuchsen um 12,85 % auf 1,186 Milliarden US-Dollar, w盲hrend die Bruttokredite im Vergleich zum zweiten Quartal 2024 um 10,34 % auf 1,176 Milliarden US-Dollar zunahmen. Das unverw盲sserte Ergebnis je Aktie f眉r das erste Halbjahr 2025 verbesserte sich auf 3,42 US-Dollar, ein Anstieg von 23,91 % im Jahresvergleich. Das Unternehmen wird am 22. August 2025 seine 55. aufeinanderfolgende viertelj盲hrliche Dividende von 0,59 US-Dollar pro Aktie 补耻蝉蝉肠丑眉迟迟别苍.
Der Buchwert je Aktie stieg um 11,54 % auf 41,48 US-Dollar und spiegelt die fortgesetzte Wertsch枚pfung nach der strategischen Fusion mit Coastal Bank & Trust wider.
- Net income increased significantly by 24.35% year-over-year to $5.11 million in Q2 2025
- Strong deposit growth of 12.85% reaching $1.186 billion
- Loan portfolio expanded 10.34% to $1.176 billion
- Total assets grew 11.14% to $1.402 billion
- Book value per share improved 11.54% to $41.48
- Maintained 55 consecutive quarters of dividend payments
- Successful integration of Coastal Bank & Trust merger driving efficiency
- Provision for credit losses increased to $118,000 from $20,000 in Q2 2024
- Non-interest income declined slightly to $461,000 from $489,000 year-over-year
- Interest expense grew to $9.36 million from $8.90 million in Q2 2024
ROCKY MOUNT, NC / / July 8, 2025 / Ted E. Whitehurst, President and CEO of PB Financial Corporation (OTCQX:PBNC), the holding company (the "Company") for Providence Bank, reported net income available to common shareholders for the quarter ended June 30, 2025, of
As of June 30, 2025, the Company reported total assets of
Whitehurst commented, "I am very pleased to report record quarterly earnings. The Company continued to have strong growth throughout the entire organization. We have been able to continue to drive efficiency from our strategic merger with Coastal Bank & Trust last year. As always, we will look for opportunities to further enhance shareholder value."
For the six-month period ended June 30, 2025, the Company had basic earnings of
Providence Bank is a state-chartered community bank headquartered at 450 N. Winstead Avenue in Rocky Mount, North Carolina, with branches in Rocky Mount, Tarboro, Nashville, Wilson, Raleigh, Jacksonville, Holly Ridge, Morehead City, Richlands, and a loan production office in New Bern.
This press release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 regarding PB Financial Corporation. Those statements may include but are not limited to statements regarding the Company's plans, objectives, expectations and intentions and other statements identified by words such as "believes," "considers," "expects," "anticipates," "estimates," "intends," "plans," "targets," "projects," "would be," and similar expressions. These statements are based upon current beliefs and expectations of management of PB Financial Corporation and are subject to significant risks and uncertainties. Actual or future results or events may differ from those set forth in the forward-looking statements. PB Financial Corporation does not undertake to update any forward-looking statements in this press release. The information as of and for the quarters ended June 30, 2025 and June 30, 2024 as presented are unaudited.
For more information, contact:
Ted E. Whitehurst, President and CEO
252-467-2990; [email protected]
PB Financial Corporation
Consolidated Balance Sheets and Statements of Operations
Balance Sheets | June 30, | December 31, | ||||||
In Thousands | 2025 | 2024 | ||||||
Assets | (unaudited) | * | ||||||
Cash and due from banks | $ | 12,992 | $ | 11,445 | ||||
Interest-earning deposits with banks | 41,142 | 13,385 | ||||||
Investment securities | 122,701 | 114,048 | ||||||
Loans, gross | 1,176,128 | 1,129,337 | ||||||
Allowance for credit losses | (10,487 | ) | (10,205 | ) | ||||
Intangible assets | 14,347 | 14,278 | ||||||
Other assets | 44,768 | 44,922 | ||||||
Total assets | $ | 1,401,591 | $ | 1,317,210 | ||||
Liabilities and | ||||||||
Stockholders' Equity | ||||||||
Deposits | $ | 1,186,033 | $ | 1,115,145 | ||||
Borrowed funds | 63,422 | 58,496 | ||||||
Other liabilities | 12,454 | 10,282 | ||||||
Shareholders' Equity | 139,682 | 133,287 | ||||||
Total liabilities and | ||||||||
stockholders' equity | $ | 1,401,591 | $ | 1,317,210 | ||||
Book value per share | $ | 41.48 | $ | 39.63 | ||||
Tangible book value per share | $ | 36.60 | $ | 34.72 | ||||
Statements of Operations
In Thousands
For the three months ended | For the six months ended | |||||||||||||||
June 30, | June 30, | June 30, | June 30, | |||||||||||||
2025 | 2024 | 2025 | 2024 | |||||||||||||
(unaudited) | (unaudited) | (unaudited) | (unaudited) | |||||||||||||
Interest income | $ | 21,856 | $ | 20,034 | $ | 42,894 | $ | 35,674 | ||||||||
Interest expense | 9,361 | 8,900 | 18,628 | 16,784 | ||||||||||||
Net interest income | 12,495 | 11,134 | 24,266 | 18,890 | ||||||||||||
Provision for credit losses | 118 | 20 | 279 | 192 | ||||||||||||
Net interest income after | ||||||||||||||||
provision for credit losses | 12,377 | 11,114 | 23,987 | 18,698 | ||||||||||||
Non interest income | 461 | 489 | 937 | 788 | ||||||||||||
Non interest expense | 5,802 | 5,771 | 11,410 | 9,226 | ||||||||||||
Income before income taxes | 7,036 | 5,832 | 13,514 | 10,260 | ||||||||||||
Income tax expense | 1,610 | 1,406 | 3,074 | 2,504 | ||||||||||||
Net income | 5,426 | 4,426 | 10,440 | 7,756 | ||||||||||||
Preferred stock dividends | 313 | 314 | 627 | 475 | ||||||||||||
Net income available to common stockholders | $ | 5,113 | $ | 4,112 | $ | 9,813 | $ | 7,281 | ||||||||
Net income per common share - basic | $ | 1.78 | $ | 1.46 | $ | 3.42 | $ | 2.76 | ||||||||
Net income per common share - diluted | $ | 1.70 | $ | 1.41 | $ | 3.27 | $ | 2.65 | ||||||||
* Derived from audited financial statements
SOURCE: PB Financial Corp.
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