secwatch.observer — SEC 8-K summary
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Issuer:     PB Bankshares, Inc. (—)
CIK:        0001849670
Form:       8-K
Filed at:   2024-04-24T23:59:59+00:00
Accession:  0001849670-24-000013
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1849670/000184967024000013/0001849670-24-000013-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1849670/000184967024000013/pbbk-20240424x8k.htm
  HTML page:      https://secwatch.observer/filing/0001849670-24-000013

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer