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PBCO Financial Corporation Reports Third Quarter 2025 Results
PBCO Financial Corporation Reports Third Quarter 2025 Results.
About this update from Pbco Financial Corporation
[{"type":"text","content":"\r\n\r\n \r\n \r\n PBCO Financial Corporation Reports Third Quarter 2025 Results\r\n \r\n \r\n\r\n\r\nPBCO Financial Corporation Reports Third Quarter 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 $2.1 million and earnings per share of $0.39 for the third quarter of 2025, compared to net income of $2.1 million and $0.39 per share for the second quarter of 2025.\r\n\r\n\r\n \r\nHighlights\r\n\r\n\r\n \r\n \r\nLoans grew by $6.7 million or 1.2% in the third quarter\r\n\r\n\r\n \r\nReturn on average assets of 1.01% during third quarter\r\n\r\n\r\n \r\nTangible book value per share of $17.65, an increase of 3.5% in the third quarter\r\n\r\n\r\n \r\nCompleted stock repurchase for 11,065 shares at a weighted average price of $15.59 per share\r\n\r\n\r\n \r\n \r\n“We benefited from stable net interest income and operating expenses, which provided net income of $2.1 million that was consistent with the prior quarter,” reported Julia Beattie, President and CEO. “We continue to focus on serving our clients while maintaining our core deposit base and credit quality in the loan portfolio,” added Beattie.\r\n\r\n\r\n \r\nThe Bank’s loan portfolio increased to $560.6 million, or an increase of 1.2% over the prior quarter. “Although moderate, the loan portfolio increased at a higher pace in the third quarter versus the first half of the year,” noted Beattie. Conversely, deposits were down $3.1 million from second quarter at $676.9 million as of the end of third quarter, a 0.5% decrease.\r\n\r\n\r\n \r\nThe investment portfolio decreased 6.6% to $120.0 million during the third quarter from $127.9 million at the end of the second quarter. Due to lower market rates on investments over the year and reductions in the investment portfolio as investments were called or matured, the AOCI decreased to $7.8 million at the end of the third quarter compared to $8.8 million at the end of the second quarter of 2025.\r\n\r\n\r\n \r\nDuring the third quarter, non-interest income declined by $73 thousand as other non-interest income was down $88 thousand. This was primarily due to a lack ...