PB Financial Corporation Reports Record Earnings for Both the Fourth Quarter and the Year 2025

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PB Financial Corporation Reports Record Earnings for Both the Fourth Quarter and the Year 2025

ECONOMY 22.01.2026

ROCKY MOUNT, NC / ACCESS Newswire / January 22, 2026 / Ted E. Whitehurst, President and CEO of PB Financial Corporation (OTCQX:PBNC), the holding company (the "Company") for Providence Bank, announced today that the Company reported net income available to common shareholders for the quarter ended December 31, 2025, of $6,049,519 compared to $3,937,492 for the same period in 2024, an increase of 53.64%. For 2025, net income available to common shareholders was $21,571,965 compared to $15,814,873 for 2024, an increase of 36.40%.

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As of December 31, 2025, the Company reported total assets of $1.404 billion compared to $1.317 billion at December 31, 2024, an increase of 6.56%. Total deposits were $1.186 billion and gross loans were $1.180 billion at the end of 2025, compared to total deposits of $1.115 billion and gross loans of $1.129 billion at the end of 2024, increases of 6.38% and 4.51% respectively.

Whitehurst commented, "I am pleased to report record quarterly and full year earnings for our Company. We were able to show strong increases in our quarterly and annual net income available to shareholders as we continued to see efficiencies from our strategic merger with Coastal Bank & Trust in 2024. The hard work and dedication of our employees to serve our customers continues to drive our success. Our strong financial performance helped drive our shareholder value as our stock had a total return of 28.33% for 2025 (includes cash dividends and gain in stock value). As always, we will continue to look for opportunities to continue enhancing shareholder value."

For 2025, the Company had basic earnings of $7.51 per share compared to basic earnings of $5.74 per share in 2024, an increase of 30.84%. The December 31, 2025, book value per common share was $45.40, and the tangible book value per common share was $40.75. In 2025, the Company paid cash dividends of $2.34 per share for each share of common stock outstanding, an increase of approximately 8.84% from the cash dividends paid in 2024. The Company has paid 56 consecutive quarterly cash dividends since it began paying cash dividends in the first quarter of 2012. The quarterly cash dividend has increased each quarter.

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 and Richlands, as well as a loan production office in New Bern.

www.pbknc.com

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 December 31, 2025 and December 31, 2024 as presented is 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	December 31,		December 31,
In Thousands	2025		2024
Assets	(unaudited)		*
Cash and due from banks	$	10,521	$	11,445
Interest-earning deposits with banks	24,093	13,385
Investment securities	143,472	114,048
Loans, gross	1,180,246	1,129,337
Allowance for credit losses	(10,493	)	(10,205	)
Intangible assets	13,854	14,278
Other assets	41,900	44,922
Total assets	$	1,403,593	$	1,317,210

Liabilities and
Stockholders' Equity
Deposits	$	1,186,279	$	1,115,145
Borrowed funds	53,121	58,496
Other liabilities	11,120	10,282
Shareholders' Equity	153,073	133,287
Total liabilities and
stockholders' equity	$	1,403,593	$	1,317,210

Book value per share	$	45.40	$	39.63
Tangible book value per share	$	40.75	$	34.72

Statements of Operations

	For the three months ended						For the twelve months ended
In Thousands	December 31,		December 31,		December 31,		December 31,
	2025		2024		2025		2024
	(unaudited)		(unaudited)		(unaudited)		(unaudited)
Interest income	$	22,434	$	21,158	$	88,022	$	77,820
Interest expense	9,081	9,559	37,174	35,816
Net interest income	13,353	11,599	50,848	42,004
Provision for credit losses	143	1,600	422	1,955
Net interest income after
provision for credit losses	13,210	9,999	50,426	40,049
Non interest income	604	442	2,057	1,723
Non interest expense	5,768	4,998	23,052	19,699
Income before income taxes	8,046	5,443	29,431	22,073
Income tax expense	1,682	1,192	6,604	5,156
Net income	6,364	4,251	22,827	16,917
Preferred stock dividends	314	314	1,255	1,102
Net income available to common stockholders	$	6,050	$	3,937	$	21,572	$	15,815

Net income per common share - basic	$	2.10	$	1.37	$	7.51	$	5.74
Net income per common share - diluted	$	1.97	$	1.32	$	7.11	$	5.52

* Derived from audited financial statements

SOURCE: PB Financial Corp.

View the original press release on ACCESS Newswire

L.Miller--AMWN

American Marconi Wireless News - PB Financial Corporation Reports Record Earnings for Both the Fourth Quarter and the Year 2025

PB Financial Corporation Reports Record Earnings for Both the Fourth Quarter and the Year 2025

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