PSB Holdings, Inc. Reports Fourth Quarter 2023 Earnings of $0.55 Per Share; Capital Up 6.2% From Prior Quarter
PSB Holdings, Inc. (Wisconsin) (PSBQ)
Company Research
Source: GlobeNewswire
WAUSAU, Wis., Jan. 24, 2024 (GLOBE NEWSWIRE) -- PSB Holdings, Inc. (“PSB”) (OTCQX: PSBQ), the holding company for Peoples State Bank (“Peoples”) serving Northcentral and Southeastern Wisconsin reported fourth quarter earnings ending December 31, 2023 of $0.55 per common share on net income of $2.3 million, compared to $0.29 per common share on net income of $1.2 million during the third quarter ending September 30, 2023, and $0.80 per common share on net income of $3.5 million during the fourth quarter ending December 31, 2022. PSB’s fourth quarter 2023 operating results reflected the following changes from the third quarter of 2023: (1) lower tax expense related to a change in Wisconsin tax law passed in July 2023 that eliminated state taxes on certain qualified assets; (2) lower non-interest income due to losses on the sale of investment securities; (3) lower non-interest expense related to lower salary and benefit expenses; (4) lower accumulated oth
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