PB Financial Corporation Reports First Quarter 2024 Earnings [Yahoo! Finance]
PB FINANCIAL CORPORATION (PBNC)
NASDAQ:AMEX Investor Relations:
paragonbank.com/aboutus/investor-relations
Company Research
Source: Yahoo! Finance
company (the "Company") for Providence Bank, reported net income available to common stockholders for the quarter ended March 31, 2024, of $3,169,250 compared to $3,712,014 for the same period in 2023, a decrease of 14.62%. As of March 31, 2024, the Company reported total assets of $1.016 billion compared to $878.9 million on March 31, 2023, an increase of 15.57%. Total deposits were $805.0 million and gross loans were $860.3 million at the end of the first quarter of 2024 compared to total deposits of $705.1 million and gross loans of $714.1 million at the end of the first quarter of 2023, increases of 14.16% and 20.48%, respectively. Whitehurst commented, "I am very pleased to report that we are off to a great start in 2024 with good earnings and balance sheet growth. We completed a preferred stock offering in the first quarter which resulted in gross proceeds of $17.923 million, and we crossed over $1 billion in assets for the first time in the history of our Company. Recently,
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