PB Bankshares Inc. Reports 62% Increase in Net Income for Q2 2025; EPS Rises to $0.27

Reuters
2025/07/24
<a href="https://laohu8.com/S/PBBK">PB Bankshares Inc</a>. Reports 62% Increase in Net Income for <a href="https://laohu8.com/S/QTWO">Q2</a> 2025; EPS Rises to $0.27

PB Bankshares, Inc. (NASDAQ: PBBK), the holding company for Presence Bank, reported unaudited net income of $640,000 for the second quarter of 2025, marking a significant increase from $370,000 for the same period in 2024. For the six months ended June 30, 2025, net income rose to $1.1 million, up from $687,000 for the same period in the previous year, representing a 62.0% increase. The company's diluted earnings per share $(EPS)$ also saw an improvement, reaching $0.27 for the second quarter of 2025 and $0.48 for the first half of 2025, compared to $0.16 and $0.29 for the respective periods in 2024. Net interest income grew by 17.1% to $6.3 million for the first half of 2025, compared to $5.4 million for the same period in 2024. Additionally, the net interest margin improved by 34 basis points to 2.88% for the second quarter of 2025, up from 2.54% in the corresponding period of 2024. On the balance sheet, the bank reported a decrease in accumulated other comprehensive loss, which fell by 98.9% to $12,000 as of June 30, 2025, compared to $1.1 million a year earlier. Noninterest expense increased by 7.6% to $5.4 million for the first half of 2025 from $5.0 million for the same period in 2024. The bank's stand-alone stockholders' equity rose by $1.7 million to $43.9 million as of June 30, 2025, driven primarily by net income for the year to date. Cash and cash equivalents increased substantially by 48.0% to $55.9 million, attributed to maturities of securities and deposit growth. Gross loans also saw an increase, rising by $8.7 million or 2.5% to $358.4 million, primarily due to growth in the commercial real estate portfolio. The bank continues to focus on commercial real estate lending while monitoring associated risks.

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: 0001849670-25-000027), on July 23, 2025, and is solely responsible for the information contained therein.

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