PB Bankshares Q1 net income falls 22% YoY to $317K; EPS $0.13

PB Bankshares, Inc.

2024-Q1 EPS reported $0.13 revenue$142,000

Net income $317K ($0.13 diluted EPS) vs $409K ($0.16) in Q1 2023, down 22.5%.
Net interest income $2.6M vs $3.0M YoY, compressed by higher deposit costs.
Gross loans grew 3.6% QoQ ($11.8M) to $338.4M; deposits up $15.4M (4.6%).
Company repurchased 50,000 shares at avg $13.35 during Q1.
Credit quality stable: reversal of provision $84K, non-performing assets at 0.39% of total assets.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

PB Bankshares, Inc. reported the three months ended March 31, 2024 results: net income $317,000, EPS $0.13.

Period: the three months ended March 31, 2024
Net income: $317,000
EPS: $0.13
Result: reported results

Exact text from the filing

PB Bankshares, Inc. (the "Company") issued a press release reporting its financial results at and for the three months ended March 31, 2024.

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Source: SEC EDGAR

accession 0001849670-24-000013

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