OTC-QX:KTHN | Jotup

Katahdin Bankshares Corp. Reports First Quarter 2024 Results

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Mercoledì, Aprile 24, 2024

HOULTON, Maine, April 24, 2024 /PRNewswire/ -- Katahdin Bankshares Corp. (OTCQX: KTHN), the parent company of Katahdin Trust Company, a full-service community bank in Maine founded in 1918, has announced 2024 first-quarter earnings of $2.04 million, or $0.64 per common share.

Key Points:

HOULTON, Maine, April 24, 2024 /PRNewswire/ -- Katahdin Bankshares Corp. (OTCQX: KTHN), the parent company of Katahdin Trust Company, a full-service community bank in Maine founded in 1918, has announced 2024 first-quarter earnings of $2.04 million, or $0.64 per common share.
Total assets for Katahdin Trust remained above $1 billion and strong asset quality continued.
Although net income was down 18% from the same period in 2023, the Bank remains cautiously optimistic about the economic landscape and is well-positioned to navigate any challenges that may arise.
For more information and to view a copy of the Bank's most recent quarterly financial report, visit KatahdinTrust.com/Shareholder-Relations.

Katahdin Bankshares Corp. Announces Quarterly Dividend

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Mercoledì, Febbraio 21, 2024

KTHN, OTCQX

HOULTON, Maine, Feb. 21, 2024 /PRNewswire/ -- Katahdin Bankshares Corp. (OTCQX: KTHN), the parent company of Katahdin Trust Company, a community bank founded in 1918 serving northern Maine and the greater Bangor and Portland regions, announced that it has declared a cash dividend of $0.175 per share for the first quarter of 2024.

Key Points:

HOULTON, Maine, Feb. 21, 2024 /PRNewswire/ -- Katahdin Bankshares Corp. (OTCQX: KTHN), the parent company of Katahdin Trust Company, a community bank founded in 1918 serving northern Maine and the greater Bangor and Portland regions, announced that it has declared a cash dividend of $0.175 per share for the first quarter of 2024.
In making the announcement, Jon J. Prescott, Katahdin Trust President & CEO, stated that it represented a 15.1% increase over last year's first quarter dividend.
The dividend will be payable on March 22, 2024, to shareholders of record as of March 15, 2024.

Katahdin Bankshares Corp. Reports 4th Quarter 2023 Financial Results

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Lunedì, Gennaio 29, 2024

KTHN, OTCQX

HOULTON, Maine, Jan. 29, 2024 /PRNewswire/ -- Katahdin Bankshares Corp. (OTCQX: KTHN), the parent company of Katahdin Trust Company, a full-service community bank in Maine, today announced 2023 fourth-quarter earnings of $2.33 million, or $0.73 per common share.

Key Points:

HOULTON, Maine, Jan. 29, 2024 /PRNewswire/ -- Katahdin Bankshares Corp. (OTCQX: KTHN), the parent company of Katahdin Trust Company, a full-service community bank in Maine, today announced 2023 fourth-quarter earnings of $2.33 million, or $0.73 per common share.
Katahdin Trust's net income for 2023 totaled $9.9 million, an increase over 2022 of 1.9%.
"We once again posted solid results for the quarter," said Jon Prescott, Katahdin Trust's President and Chief Executive Officer.
"Good loan growth, a widening of the net interest margin, and continuing asset quality were the main reasons for the results."

Katahdin Bankshares Corp. Reports Second Quarter 2023 Financial Results

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Giovedì, Luglio 20, 2023

OTCQX, KTHN, Bank, History, Security (finance)

HOULTON, Maine, July 20, 2023 /PRNewswire/ -- Katahdin Bankshares Corp. (OTCQX: KTHN), the parent company of Katahdin Trust Company, a full-service community bank in Maine, has announced 2023 second-quarter earnings of $2.48 million, or $0.77 per common share.

Key Points:

HOULTON, Maine, July 20, 2023 /PRNewswire/ -- Katahdin Bankshares Corp. (OTCQX: KTHN), the parent company of Katahdin Trust Company, a full-service community bank in Maine, has announced 2023 second-quarter earnings of $2.48 million, or $0.77 per common share.
"I am happy to report that our financial performance remained strong for the second quarter of 2023," stated Jon Prescott, President and CEO of Katahdin Trust.
"Due to solid loan growth during the quarter, we made history and eclipsed the $1 billion mark in total assets."
For more detailed information and to view a copy of the Bank's most recent quarterly financial report, visit: KatahdinTrust.com/Shareholder-Relations.

Katahdin Bankshares Corp. Announces Quarterly Dividend

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Mercoledì, Maggio 24, 2023

OTCQX, KTHN, Tutoring, Cryptocurrency, Security (finance)

HOULTON, Maine, May 24, 2023 /PRNewswire/ -- Katahdin Bankshares Corp. (OTCQX: KTHN), the parent company of Katahdin Trust Company, a community bank founded in 1918 serving northern Maine and the greater Bangor and Portland regions, announced that it has declared a cash dividend of $0.152 per share for the second quarter of 2023.

Key Points:

HOULTON, Maine, May 24, 2023 /PRNewswire/ -- Katahdin Bankshares Corp. (OTCQX: KTHN), the parent company of Katahdin Trust Company, a community bank founded in 1918 serving northern Maine and the greater Bangor and Portland regions, announced that it has declared a cash dividend of $0.152 per share for the second quarter of 2023.
In making the announcement, Jon J. Prescott, Katahdin Trust President & CEO, stated that it represented a 10.1% increase over last year's second quarter dividend.
The dividend will be payable on June 23, 2023, to shareholders of record as of June 16, 2023.

Katahdin Bankshares Corp. Reports First Quarter 2023 Results

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Giovedì, Aprile 20, 2023

OTCQX, KTHN, Bank

HOULTON, Maine, April 20, 2023 /PRNewswire/ -- Katahdin Bankshares Corp. (OTCQX: KTHN), the parent company of Katahdin Trust Company, a full-service community bank in Maine founded in 1918, has announced 2023 first-quarter earnings of $2.5 million, or $0.77 per common share, exceeding the same timeframe last year by $744,000, or 42%.

Key Points:

HOULTON, Maine, April 20, 2023 /PRNewswire/ -- Katahdin Bankshares Corp. (OTCQX: KTHN), the parent company of Katahdin Trust Company, a full-service community bank in Maine founded in 1918, has announced 2023 first-quarter earnings of $2.5 million, or $0.77 per common share, exceeding the same timeframe last year by $744,000, or 42%.
"As depicted in our financial results, we remain well-capitalized, diversified, and positioned to continue to serve our customers and communities for generations to come," stated Jon J. Prescott, Katahdin Trust Company President and Chief Executive Officer.
Total assets reached $982.1, an increase of $19.1 million when compared to the first quarter of 2022.
Deposit balances remained steady over the last quarter and year, ending at $855.9 million.

Katahdin Bankshares Corp. Posts 2022 Annual Report

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Venerdì, Marzo 17, 2023

OTCQX, KTHN, Annual report, Cryptocurrency, Video game, Tutoring

HOULTON, Maine, March 17, 2023 /PRNewswire/ -- Katahdin Bankshares Corp. (OTCQX: KTHN), parent company of Katahdin Trust Company, a community bank serving northern Maine and the greater Bangor and Portland regions, has published its annual report for the year ended December 31, 2022.

Key Points:

HOULTON, Maine, March 17, 2023 /PRNewswire/ -- Katahdin Bankshares Corp. (OTCQX: KTHN), parent company of Katahdin Trust Company, a community bank serving northern Maine and the greater Bangor and Portland regions, has published its annual report for the year ended December 31, 2022.
The Company's 2022 Annual Report can be viewed online at:

Katahdin Bankshares Corp. Announces Dividend

Retrieved on:

Mercoledì, Febbraio 22, 2023

KTHN, OTCQX, Tutoring, Security (finance)

HOULTON, Maine, Feb. 22, 2023 /PRNewswire/ -- Katahdin Bankshares Corp. (OTCQX: KTHN), the parent company of Katahdin Trust Company, a community bank founded in 1918 serving northern Maine and the greater Bangor and Portland regions, announced that it has declared a cash dividend of $0.152 per share for the first quarter of 2023.

Key Points:

HOULTON, Maine, Feb. 22, 2023 /PRNewswire/ -- Katahdin Bankshares Corp. (OTCQX: KTHN), the parent company of Katahdin Trust Company, a community bank founded in 1918 serving northern Maine and the greater Bangor and Portland regions, announced that it has declared a cash dividend of $0.152 per share for the first quarter of 2023.
In making the announcement, Jon J. Prescott, Katahdin Trust President & CEO, stated that it represented a 10.1% increase over last year's first quarter dividend.
The dividend will be payable on March 24, 2023, to shareholders of record as of March 17, 2023.

Katahdin Bankshares Reports Fourth Quarter 2022 Results

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Venerdì, Gennaio 27, 2023

OTCQX, KTHN, Growth, Prescott, Bank, Cryptocurrency

HOULTON, Maine, Jan. 27, 2023 /PRNewswire/ -- Katahdin Bankshares Corp. (OTCQX: KTHN), the parent company of Katahdin Trust Company, a full-service community bank founded in 1918 serving northern Maine and the greater Bangor and Portland regions, today announced its 2022 fourth quarter earnings of $3.2 million, or $0.98 per common share.

Key Points:

HOULTON, Maine, Jan. 27, 2023 /PRNewswire/ -- Katahdin Bankshares Corp. (OTCQX: KTHN), the parent company of Katahdin Trust Company, a full-service community bank founded in 1918 serving northern Maine and the greater Bangor and Portland regions, today announced its 2022 fourth quarter earnings of $3.2 million, or $0.98 per common share.
Net income for the year totaled $9.7 million, an increase of 2.6% when compared to the full year of 2021.
Total assets reached $983.5 million, a growth over last year of $43.0 million and over the last quarter of $16.7 million.
"I am very pleased with our financial results in the fourth quarter and for all of 2022," said Jon J. Prescott, President and CEO of Katahdin Trust.

Katahdin Bankshares Announces Stock Buyback Program, Up to $2.0 Million

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Venerdì, Dicembre 30, 2022

American Banker, KTHN, Bank, Common stock, Employee Stock Ownership Plan, The Last Best Place, OTCQX, OTC Markets Group, Penobscot, Community, ESOP, Security (finance)

Shares may be repurchased by the Company and may be purchased by Katahdin Trust Company's Employee Stock Ownership Plan (ESOP).

Key Points:

Shares may be repurchased by the Company and may be purchased by Katahdin Trust Company's Employee Stock Ownership Plan (ESOP).
Katahdin Bankshares Corp. is the bank holding company of Katahdin Trust Company.
Katahdin Bankshares Corp. common stock is quoted on the OTC Markets (OTCQX) under the symbol KTHN.
Learn more about the Company and its subsidiary bank at www.katahdintrust.com and follow Katahdin Trust on Facebook, Twitter, LinkedIn, and Instagram.