PB Financial Corporation Reports Record Earnings for Both the Fourth Quarter and the Year 2025
-
Famine spreading in Sudan's Darfur, UN-backed experts warn
-
2026 Winter Olympics flame arrives in Milan
-
Congo-Brazzaville's veteran president declares re-election run
-
Olympic snowboard star Chloe Kim proud to represent 'diverse' USA
-
Iran filmmaker Panahi fears Iranians' interests will be 'sacrificed' in US talks
-
Leicester at risk of relegation after six-point deduction
-
Deadly storm sparks floods in Spain, raises calls to postpone Portugal vote
-
Trump urges new nuclear treaty after Russia agreement ends
-
'Burned in their houses': Nigerians recount horror of massacre
-
Carney scraps Canada EV sales mandate, affirms auto sector's future is electric
-
Emotional reunions, dashed hopes as Ukraine soldiers released
-
Bad Bunny promises to bring Puerto Rican culture to Super Bowl
-
Venezuela amnesty bill excludes gross rights abuses under Chavez, Maduro
-
Lower pollution during Covid boosted methane: study
-
Doping chiefs vow to look into Olympic ski jumping 'penis injection' claims
-
England's Feyi-Waboso in injury scare ahead of Six Nations opener
-
EU defends Spain after Telegram founder criticism
-
Novo Nordisk vows legal action to protect Wegovy pill
-
Swiss rivalry is fun -- until Games start, says Odermatt
-
Canadian snowboarder McMorris eyes slopestyle after crash at Olympics
-
Deadly storm sparks floods in Spain, disrupts Portugal vote
-
Ukrainian flag bearer proud to show his country is still standing
-
Carney scraps Canada EV sales mandate
-
Morocco says evacuated 140,000 people due to severe weather
-
Spurs boss Frank says Romero outburst 'dealt with internally'
-
Giannis suitors make deals as NBA trade deadline nears
-
Carrick stresses significance of Munich air disaster to Man Utd history
-
Record January window for transfers despite drop in spending
-
'Burned inside their houses': Nigerians recount horror of massacre
-
Iran, US prepare for Oman talks after deadly protest crackdown
-
Winter Olympics opening ceremony nears as virus disrupts ice hockey
-
Mining giant Rio Tinto abandons Glencore merger bid
-
Davos forum opens probe into CEO Brende's Epstein links
-
ECB warns of stronger euro impact, holds rates
-
Famine spreading in Sudan's Darfur, warn UN-backed experts
-
Lights back on in eastern Cuba after widespread blackout
-
Russia, US agree to resume military contacts at Ukraine talks
-
Greece aims to cut queues at ancient sites with new portal
-
No time frame to get Palmer in 'perfect' shape - Rosenior
-
Stocks fall as tech valuation fears stoke volatility
-
US Olympic body backs LA28 leadership amid Wasserman scandal
-
Gnabry extends Bayern Munich deal until 2028
-
England captain Stokes suffers facial injury after being hit by ball
-
Italy captain Lamaro amongst trio set for 50th caps against Scotland
-
Piastri plays down McLaren rivalry with champion Norris
-
ECB holds interest rates as strong euro causes jitters
-
EU close to sealing trade deal with Australia
-
German Cup final to stay in Berlin until 2030
-
What does Iran want from talks with the US?
-
Taming the lion: Olympians take on Bormio's terrifying Stelvio piste
NYSE - LSE
| SCS | 0.12% | 16.14 | $ | |
| RBGPF | 0.12% | 82.5 | $ | |
| CMSC | 0.08% | 23.539 | $ | |
| CMSD | 0.13% | 23.9 | $ | |
| RIO | -5.88% | 91.12 | $ | |
| BTI | 0.55% | 61.97 | $ | |
| RYCEF | -0.36% | 16.62 | $ | |
| GSK | 3.26% | 59.16 | $ | |
| NGG | -1.02% | 86.9 | $ | |
| BCE | -2.99% | 25.575 | $ | |
| BCC | -1.33% | 89.05 | $ | |
| RELX | 1.06% | 30.1 | $ | |
| VOD | -7.46% | 14.62 | $ | |
| BP | -2.7% | 38.17 | $ | |
| AZN | -0.14% | 187.19 | $ | |
| JRI | -1.47% | 12.96 | $ |
PB Financial Corporation Reports Record Earnings for Both the Fourth Quarter and the Year 2025
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%.
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.
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