July 7, 2026
Rocky Mount, North Carolina… Ted E. Whitehurst, President and CEO of PB Financial Corporation (OTCQX:PBNC), the holding company (the “Company”) for Providence Bank, reported net income available to common shareholders for the quarter ended June 30, 2026, of $6,060,996 compared to $5,112,688 for the same period in 2025, an increase of 18.55%. For the six-month period ended June 30, 2026, net income available to common shareholders was $11,617,890 compared to $9,813,082 for the same period in 2025, an increase of 18.39%.
As of June 30, 2026, the Company reported total assets of $1.514 billion compared to $1.402 billion on June 30, 2025, an increase of 8.05%. Total deposits were $1.291 billion and gross loans were $1.260 billion at the end of the second quarter of 2026, compared to total deposits of $1.186 billion and gross loans of $1.176 billion at the end of the second quarter of 2025, increases of 8.84% and 7.15%, respectively.
Whitehurst commented, “I am very pleased to report record quarterly earnings. The Company continued to experience strong growth throughout the organization with over 7% growth in loans, deposits and assets plus over 18% growth in net income available to common shareholders. Our employees continue to help drive our success through their hard work and commitment to serving our customers daily. As always, we will look for opportunities to further enhance shareholder value.”
For the six-month period ended June 30, 2026, the Company had basic earnings of $4.02 per share compared to $3.42 per share for the same period last year, an increase of 17.54%. As of June 30, 2026, the book value per common share was $46.39 compared to $41.48 on June 30, 2025, an increase of 11.84%. On August 21, 2026, the Company will pay its third quarter dividend of $0.63 per share for each share of common stock outstanding. This will be the 59th consecutive quarterly cash dividend paid.
Providence Bank is a state-chartered community bank headquartered at 450 N. Winstead Avenue in Rocky Mount, North Carolina, with branches in Rocky Mount, Tarboro, Nashville, Wilson, Raleigh, Jacksonville, Holly Ridge, Morehead City and Richlands.
This press release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 regarding PB Financial Corporation. Those statements may include but are not limited to statements regarding the Company’s plans, objectives, expectations and intentions and other statements identified by words such as “believes,” “considers,” “expects,” “anticipates,” “estimates,” “intends,” “plans,” “targets,” “projects,” “would be,” and similar expressions. These statements are based upon current beliefs and expectations of management of PB Financial Corporation and are subject to significant risks and uncertainties. Actual or future results or events may differ from those set forth in the forward-looking statements. PB Financial Corporation does not undertake to update any forward-looking statements in this press release. The information as of and for the quarters ended June 30, 2026 and June 30, 2025 as presented are unaudited.