Pacific Financial Corp Earns $2.7 Million, or $0.26 per Diluted Share, for First Quarter 2024, Declares Quarterly Cash Dividend of $0.14 per Share
PACIFIC FINCL CORP (PFLC)
NASDAQ:AMEX Investor Relations:
centralpacificbank.com/about-cpb/works-for-you/overview
Company Research
Source: GlobeNewswire
ABERDEEN, Wash., April 26, 2024 (GLOBE NEWSWIRE) -- Pacific Financial Corporation (OTCQX: PFLC), (“Pacific Financial”) or the (“Company”), the holding company for Bank of the Pacific (the “Bank”), reported net income of $2.7 million, or $0.26 per diluted share for the first quarter of 2024, compared to $2.9 million, or $0.28 per diluted share for the fourth quarter of 2023, and $4.1 million, or $0.39 per diluted share for the first quarter of 2023. All results are unaudited. The board of directors of Pacific Financial declared a quarterly cash dividend of $0.14 per share on April 24, 2024. The dividend will be payable on May 24, 2024 to shareholders of record on May 10, 2024. “We are pleased with our first quarter results, which is a good start to the year; operating earnings were solid, loan growth outpaced deposit growth during the quarter, our net interest margin expanded, and asset quality remained strong,” said Denise Portmann, President and Chief Executive
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