Tiger Brokers

PB Bankshares Reports Q3 Net Income of $519,000

Reuters
Oct 23
PB Bankshares Reports Q3 Net Income of $519,000

PB Bankshares Inc. reported unaudited net income of $519,000 for the third quarter of 2025, up from $404,000 for the same period in 2024. For the nine months ended September 30, 2025, net income was $1.6 million compared to $1.1 million for the same period in the previous year. Net interest income for the third quarter was $3.4 million, rising from $2.8 million in the prior year's third quarter. For the first nine months of 2025, net interest income totaled $9.7 million versus $8.2 million in the same period of 2024. Interest expense for the nine months ended September 30, 2025, decreased to $8.8 million from $9.3 million in the corresponding period of 2024. The net interest margin for the third quarter of 2025 was 2.97%, compared to 2.57% for the third quarter of 2024. Stockholders' equity increased by $2.7 million to $51.4 million as of September 30, 2025, up from $48.7 million at December 31, 2024. Book value per common share rose to $20.12 at September 30, 2025, from $18.69 at September 30, 2024. Accumulated other comprehensive income improved to $340,000 at September 30, 2025, from an accumulated other comprehensive loss of $305,000 at December 31, 2024. Merger expenses related to the proposed merger with Norwood Financial Corp. were $335,000 for both the three and nine months ended September 30, 2025. The allowance for credit losses was 1.26% of loans outstanding at September 30, 2025. The weighted average life of debt securities available-for-sale was 2.44 years at September 30, 2025.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. PB Bankshares Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001849670-25-000034), on October 23, 2025, and is solely responsible for the information contained therein.

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