Katahdin Bankshares Corp. Reports 4th Quarter 2023 Financial Results
KATAHDIN BANKSHARES CORP (KTHN)
NASDAQ:AMEX Investor Relations:
katahdintrust.com/shareholder-relations.aspx
Company Research
Source: PR Newswire
HOULTON, Maine, Jan. 29, 2024 /PRNewswire/ -- Katahdin Bankshares Corp. (OTCQX: KTHN), the parent company of Katahdin Trust Company, a full-service community bank in Maine, today announced 2023 fourth-quarter earnings of $2.33 million, or $0.73 per common share.Katahdin Trust's net income for 2023 totaled $9.9 million, an increase over 2022 of 1.9%. Total assets reached $1.03 billion, increasing by $16.7 million from the prior quarter."We once again posted solid results for the quarter," said Jon Prescott, Katahdin Trust's President and Chief Executive Officer. "Good loan growth, a widening of the net interest margin, and continuing asset quality were the main reasons for the results."More information and the detailed quarterly financial report are available on Katahdin Trust Company's website at www.katahdintrust.com/Shareholder-Relations#Financial-Reports.About Katahdin Bankshares Corp. Katahdin Bankshares Corp. is the bank holding company of Katahdin Trust Company. Founded in 1918,
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