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Stock impact report

PBCO Financial Corporation Reports Q3 2024 Earnings [Yahoo! Finance]

Peoples Bank of Commerce (Medford, OR) (PBCO) 
Company Research Source: Yahoo! Finance
Highlights Net interest margin of 3.51% which expanded by 2 basis points compared to prior quarter and represents the fourth consecutive quarter of margin expansion 2.2% increase in total deposits compared to prior quarter Tangible book value per share increased to $15.67, compared to $14.56 in the prior quarter Return 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 the remaining FHLB borrowings during the quarter, which helped improve our overall cost of funds. We continue to focus on risk management and driving improvement in profitability," noted Beattie. Total deposits grew 2.2% during third quarter and 5.3% year-to-date. "The Bank's focus through the end of third quarter has been to retain and rec Show less Read more
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