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Stock impact report

PBCO Financial Corporation Reports Q3 2024 Earnings

Peoples Bank of Commerce (Medford, OR) (PBCO) 
Company Research Source: Business Wire
MEDFORD, Ore.--(BUSINESS WIRE)--PBCO Financial Corporation (OTCPK: “PBCO”), the holding company (Company) of People’s Bank of Commerce (Bank), today reported net income of $1.9 million and earnings per share of $0.36 for the quarter ended September 30, 2024, compared to net income of $1.8 million and $0.33 per share for the quarter ended June 30, 2024.HighlightsNet interest margin of 3.51% which expanded by 2 basis points compared to prior quarter and represents the fourth consecutive quarter of margin expansion2.2% increase in total deposits compared to prior quarterTangible book value per share increased to $15.67, compared to $14.56 in the prior quarterReturn on Average Assets increased to 0.97% compared to 0.90% in the prior quarter“The Bank continued to show positive momentum in third quarter with increasing earnings per share and expansion of the net interest margin,” reported Julia Beattie, President & CEO. “We saw growth in core deposits and the Bank was able to pay off th Show less Read more
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