Pacific Financial Corp Earns $2.6 Million, or $0.25 per Diluted Share for Third Quarter 2024; Tangible Book Value Per Share Up 6.6% During Quarter; Board of Directors Declares Quarterly C...
PACIFIC FINCL CORP (PFLC)
NASDAQ:AMEX Investor Relations:
centralpacificbank.com/about-cpb/works-for-you/overview
Company Research
Source: GlobeNewswire
ABERDEEN, Wash., Oct. 25, 2024 (GLOBE NEWSWIRE) -- Pacific Financial Corporation (OTCQX: PFLC), (“Pacific Financial”) or the (“Company”), the holding company for Bank of the Pacific (the “Bank”), reported net income of $2.6 million, or $0.25 per diluted share for the third quarter of 2024, compared to $2.1 million, or $0.21 per diluted share for the second quarter of 2024, and $3.6 million, or $0.35 per diluted share for the third quarter of 2023. All results are unaudited. Pacific Financials’ third quarter 2024 operating results reflected the following changes from the second quarter of 2024: (1) higher net interest income as the rise in loan and investment yields outpaced the rise in deposit and borrowing costs; (2) a negative provision for credit losses due to lower provision for unfunded loans; (3) lower non-interest income due to smaller gains on the sale of loans and investment securities; (4) slightly lower non-interest expenses; (5) a small decrease in total gross loans of
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News
- Bank of the Pacific Partners with Federal Home Loan Bank to Support Local Food Banks and Affordable Housing Initiatives through Impact Grants [Yahoo! Finance]Yahoo! Finance
- Bank of the Pacific Partners with Federal Home Loan Bank to Support Local Food Banks and Affordable Housing Initiatives through Impact GrantsGlobeNewswire
- Pacific Financial GAAP EPS of $0.25, revenue of $12.89M [Seeking Alpha]Seeking Alpha
- Synergy by Association Announces Election of Terri McKinnis to Board of DirectorsGlobeNewswire