October 6, 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 September 30, 2026, of $6.59 million compared to $5.71 million for the same period in 2025, an increase of 15.45%. For the nine-month period ended September 30, 2026, net income available to common shareholders was $18.21 million compared to $15.52 million for the same period in 2025, an increase of 17.31%.
As of September 30, 2026, the Company reported total assets of $1.557 billion compared to $1.391 billion on September 30, 2025, an increase of 11.91%. Total deposits were $1.284 billion and gross loans were $1.313 billion at the end of the third quarter of 2026, compared to total deposits of $1.179 billion and gross loans of $1.181 billion at the end of the third quarter of 2025, increases of 8.89% and 11.20% respectively.
Whitehurst commented, “I am pleased to report record quarterly earnings. The Company continued to experience strong growth throughout the organization with over 11% growth in total assets and over 17% increase in net income available to common shareholders year-to-date. The hard work and effort of our employees continues to drive our efficiency. As always, we will continue to look for opportunities to further enhance shareholder value.”
For the nine-month period ended September 30, 2026, the Company had basic earnings of $6.30 per share compared to $5.41 per share for the same period last year, an increase of 16.45%. As of September 30, 2026, the book value per common share was $47.28 compared to $43.75 on September 30, 2025, an increase of 8.07%. On August 21, 2026, the Company paid its third quarter dividend of $0.63 per share for each share of common stock outstanding. It was our 59th consecutively increased quarterly cash dividend paid to shareholders.
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 September 30, 2026 and September 30, 2025 as presented are unaudited.