Bank of Botetourt exceeds budget expectations, posts profitable third quarter financial results
BANK OF BOTETOURT BUCH VA (BORT)
NASDAQ:AMEX Investor Relations:
snl.com/irweblinkx/corporateprofile.aspx?iid=1013355
Company Research
Source: PR Newswire
BUCHANAN, Va., Oct. 31, 2024 /PRNewswire/ -- Buchanan-based Bank of Botetourt (OTCPK: BORT and BORTP) announced today its unaudited financial results for the three and nine months-ended September 30, 2024. The Bank produced net income amounting to $1,967,000 or $0.94 per basic share in the third quarter. This amount compares to net income of $2,085,000 or $1.01 per share, for the same period last year. For the nine months-ended the Bank produced net income amounting to $5,988,000 or $2.88 per basic share. This amount compares to a net income of $6,372,000 or $3.09 per share, for the same period last year. At September 30, 2024, select financial information and key highlights include:Return on average assets of 0.99%Return on average equity of 10.28%Book value of $38.21Total deposit growth of 2.49%Total asset growth of 3.41%Total loan growth of 9.65%Community Bank Leverage Ratio of 10.53%The Board of Directors voted to pay the 7.00% preferred dividend, which calculates to $0.49 per sh
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- Bank of Botetourt Celebrates 125th Anniversary at Hotel Roanoke with Award from Forbes List of America's Best-In-State Banks, Virginia General Assembly Resolution, and Miss Virginia Performance [Yahoo! Finance]Yahoo! Finance
- Bank of Botetourt Celebrates 125th Anniversary at Hotel Roanoke with Award from Forbes List of America's Best-In-State Banks, Virginia General Assembly Resolution, and Miss Virginia PerformancePR Newswire