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PBCO Financial Corporation Reports Fourth Quarter & Annual 2025 Results
PBCO Financial Corporation Reports Fourth Quarter & Annual 2025 Results.
About this update from Pbco Financial Corporation
[{"type":"text","content":"\r\n\r\n \r\n \r\n PBCO Financial Corporation Reports Fourth Quarter & Annual 2025 Results\r\n \r\n \r\n\r\n\r\nPBCO Financial Corporation Reports Fourth Quarter & Annual 2025 Results\r\n\r\n\r\n\r\n\r\n\r\n MEDFORD, Ore.--(BUSINESS WIRE)--\r\nPBCO Financial Corporation (OTCPK: “PBCO”), the holding company (the “Company”) of People’s Bank of Commerce (the “Bank”), today reported net income of $2.5 million and earnings per share of $0.48 for the fourth quarter of 2025, compared to net income of $2.1 million and $0.39 per share for the third quarter of 2025. For the year ended 2025, earnings per share were $1.63 compared to $1.52 in 2024.\r\n\r\n\r\n \r\nHighlights\r\n\r\n\r\n \r\n \r\nLoans grew by $7.1 million or 1.3% in the fourth quarter and $21.7 million or 3.9% for the year ended 2025\r\n\r\n\r\n \r\nReturn on average assets increased to 1.22% versus 1.01% in the prior quarter\r\n\r\n\r\n \r\nTangible book value per share of $18.34, an increase of 3.9% in the fourth quarter\r\n\r\n\r\n \r\nCompleted stock repurchases for 35,063 shares at a weighted average price of $17.40 per share during the quarter\r\n\r\n\r\n \r\nCompleted the termination of our Employee Stock Ownership Plan, whereby the Company repurchased 95,554 shares at $16.94 per share in fourth quarter\r\n\r\n\r\n \r\n \r\n“I’m pleased with our 2025 results, which displayed improved efficiency, expanded net interest margin and stronger profitability with higher Return on Average Assets and Earnings per Share. We benefited from moderate loan growth, which contributed to our higher interest income and lower funding costs during the year. Together, these factors delivered solid growth in net income for 2025,” reported Julia Beattie, President and CEO.\r\n\r\n\r\n \r\nThe Bank’s loan portfolio increased to $567.7 million, or an increase of 1.3% over the prior quarter, and increased $21.1 million, or 3.9%, for the year ended 2025. \"While loan growth was stable during the year, there were some early headwinds from unplanned prepayments that slowed our growth rate during the year,” noted Beattie.\r\n\r\n\r\n \r\nDeposits were down $23.0 million from third quarter to fourth quarter, a 3.4% decrease. For the year, deposits ended at $654.0 million, a 2.9% annual decrease. “The ...