PBCO Announces Cash Dividend

MEDFORD, Ore.--(BUSINESS WIRE)--PBCO Financial Corporation (OTCPK: “PBCO”), the holding company (Company) of People’s Bank of Commerce (Bank), today announced that it has declared a cash dividend representing 15% of 2024 year-end net income, or $0.229 per share. The $0.229 dividend will be paid on March 5, 2025, to shareholders of record February 19, 2025 and will be rounded up to the nearest full cent upon payment. “I am pleased to announce that this represents the first cash dividend paid to shareholders since 2009. The Company remains well capitalized by regulatory capital standards,” reported Julia Beattie, President and CEO.

As of December 31, 2024, the Company reported total assets of $798.6 million, total deposits of $673.8 million, and shareholder’s equity of $87.6 million. The Company reported net income of $8.1 million, or earnings per share of $1.52, for the year-end 2024.

About PBCO Financial Corporation

PBCO Financial Corporation’s stock trades on the over-the-counter market under the symbol PBCO. Additional information about the Company is available in the investor section of the Company’s website at: www.peoplesbank.bank.

Founded in 1998, People’s Bank of Commerce is a full-service, commercial bank headquartered in Medford, Oregon with branches in Albany, Ashland, Central Point, Eugene, Grants Pass, Jacksonville, Klamath Falls, Lebanon, Medford, and Salem.

"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995:

This release includes forward-looking statements intended to qualify for the safe harbor from liability established by the Private Securities Litigation Reform Act of 1995. These forward-looking statements generally can be identified by phrases such as People’s Bank or its management "believes," "expects," "anticipates," "foresees," "forecasts," "estimates" or other words or phrases of similar import. Similarly, statements herein that describe People’s Bank’s business strategy, outlook, objectives, plans, intentions or goals also are forward-looking statements. All such forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those in forward-looking statements.