Financial Performance - Net income for Q1 2025 was $473,000, a 49.2% increase from $317,000 in Q1 2024[1][3] - Diluted earnings per share rose to $0.20 in Q1 2025 from $0.13 in Q1 2024[1][3] - Noninterest income rose to $254,000 in Q1 2025 from $187,000 in Q1 2024[6][18] Interest Income and Margin - Net interest income increased by 16.6% to $3.1 million in Q1 2025 compared to $2.6 million in Q1 2024[3][4] - Net interest margin improved by 41 basis points to 2.85% in Q1 2025 from 2.44% in Q1 2024[3] - Net interest margin (annualized) increased to 2.85% in March 2025 from 2.59% in December 2024[20] Assets and Equity - Total assets grew by $15.8 million or 3.5% to $467.1 million at March 31, 2025[8][19] - Cash and cash equivalents surged by 66.1% to $62.8 million at March 31, 2025 from $37.8 million at December 31, 2024[8][19] - Stockholders' equity increased by $860,000 to $49.5 million at March 31, 2025[12][19] - Tangible common equity increased to $49,518 million in March 2025 from $48,658 million in December 2024[22] - Tangible book value per common share rose to $19.40 in March 2025 from $19.07 in December 2024[22] - Tangible book value per common share excluding accumulated other comprehensive loss increased to $19.42 in March 2025 from $19.19 in December 2024[22] Deposits and Loans - Deposits increased by $13.4 million or 3.8% to $367.6 million at March 31, 2025[12][19] - The allowance for credit losses was $4.4 million, or 1.26% of loans outstanding at March 31, 2025[5][19] - Total non-performing loans to total loans remained stable at 0.31% in March 2025 compared to 0.32% in December 2024[20] Performance Ratios - Return on average assets (annualized) decreased to 0.43% in March 2025 from 0.61% in December 2024[20] - Return on average equity (annualized) decreased to 3.89% in March 2025 from 5.62% in December 2024[20] - Allowance to non-accrual loans improved to 406.49% in March 2025 from 388.24% in December 2024[20] - Total capital to risk-weighted assets remained stable at 13.48% in March 2025 compared to 13.50% in December 2024[20] Share Information - Common shares outstanding increased slightly to 2,552,315 in March 2025 from 2,552,115 in December 2024[22]

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For The Transition Period From To Commission file number: 001-40612 PB BANKSHARES, INC. (Exact name of registrant as specified in its charter) Maryland 86-3947794 (State of Other Jurisdic ...

● Total interest and dividend income grew by 18.4% to $23.5 million for the year ended December 31, 2024 from $19.8 million for the year ended December 31, 2023. ● Accumulated other comprehensive loss decreased by 75.5% to $305,000 at December 31, 2024 compared to $1.3 million at December 31, 2023, accounting for 0.6% of total stockholders' equity at December 31, 2024. ● Gross loans growth rate was 7.1% for the year ended December 31, 2024. ● Gain on sale of $487,000 for the Oxford Branch in the fourth quar ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-40612 BANKSHARES, INC (Exact name of registrant as specified in its charter) Maryland 86-3947794 (State o ...

Exhibit 99.1 FOR IMMEDIATE RELEASE Contact: Lindsay S. Bixler Executive Vice President and Chief Financial Officer (610) 215-2327 PB BANKSHARES, INC. ANNOUNCES 2024 THIRD QUARTER FINANCIAL RESULTS Coatesville, Pennsylvania, October 23, 2024 — PB Bankshares, Inc. (the "Company") (NASDAQ: PBBK), the holding company for Presence Bank (the "Bank"), reported unaudited net income of $404,000 for the three months ended September 30, 2024 and $1,091,000 for the nine months ended September 30, 2024 compared to $513, ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-40612 BANKSHARES, INC (Exact name of registrant as specified in its charter) Maryland 86-3947794 (State or oth ...

Exhibit 99.1 FOR IMMEDIATE RELEASE Contact: Lindsay S. Bixler Executive Vice President and Chief Financial Officer (610) 215-2327 PB BANKSHARES, INC. ANNOUNCES 2024 SECOND QUARTER FINANCIAL RESULTS Coatesville, Pennsylvania, July 24, 2024 — PB Bankshares, Inc. (the "Company") (NASDAQ: PBBK), the holding company for Presence Bank (the "Bank"), reported unaudited net income of $370,000 for the three months ended June 30, 2024 and $687,000 for the six months ended June 30, 2024 compared to $588,000 and $997,00 ...

Financial Performance - Net income for the three months ended March 31, 2024, was $317,000, a decrease of $92,000 compared to $409,000 for the same period in 2023[113] - Net income decreased by $92,000, or 22.5%, to $317,000 for the three months ended March 31, 2024, compared to $409,000 for the same period in 2023[133] - Total interest and dividend income increased by $1.3 million, or 28.5%, to $5.6 million for the three months ended March 31, 2024, driven by a 54 basis points increase in the average yield on interest-earning assets[134] - Net interest income decreased by $413,000, or 13.6%, to $2.6 million for the three months ended March 31, 2024, primarily due to increased interest expenses[143] - Noninterest income increased by $49,000, or 35.5%, to $187,000 for the three months ended March 31, 2024, compared to $138,000 for the same period in 2023[148] - Net interest income for the three months ended March 31, 2024, was $2,632,000, down from $3,045,000 in the same period of 2023[155] - The net interest margin decreased to 2.44% in Q1 2024 from 3.26% in Q1 2023[155] Asset and Loan Growth - Total assets increased by $10.7 million, or 2.4%, to $450.4 million at March 31, 2024, from $439.7 million at December 31, 2023[121] - Net loans receivable increased by $11.9 million, or 3.7%, to $333.3 million at March 31, 2024, from $321.4 million at December 31, 2023[122] - Gross loans increased by $11.8 million, or 3.6%, to $338.4 million at March 31, 2024, from $326.6 million at December 31, 2023[121] - Commercial real estate loans increased by $10.3 million, or 5.6%, to $195.1 million at March 31, 2024, from $184.9 million at December 31, 2023[123] - Consumer and other loans increased by $879,000, or 15.1%, to $6.7 million at March 31, 2024, from $5.8 million at December 31, 2023[123] - Total commitments to originate loans were $32.6 million, with unused lines of credit totaling $12.9 million[174] Deposits and Liquidity - Deposits rose by $15.4 million, or 4.6%, to $348.4 million at March 31, 2024, from $333.0 million at December 31, 2023[111] - Total deposits increased by $15.4 million, or 4.6%, to $348.4 million at March 31, 2024, with a notable increase in certificates of deposit[130] - Cash and cash equivalents increased by $34.3 million to $66.8 million at March 31, 2024, from $32.4 million at December 31, 2023[121] - Cash and cash equivalents totaled $66.8 million at March 31, 2024[171] - The company maintained a strong liquidity position, monitoring it daily to meet current funding commitments[172] - The liquidity ratio averaged 18.0% for the three months ended March 31, 2024, compared to 12.0% for the same period in 2023[169] Interest and Expenses - Interest income on loans increased by $753,000, or 19.8%, to $4.6 million for the three months ended March 31, 2024, reflecting a 48 basis points increase in the average yield on loans to 5.53%[135] - Interest expense increased by $1.7 million, or 125.2%, to $3.0 million for the three months ended March 31, 2024, due to rising interest rates[138] - Noninterest expenses rose by $33,000, or 1.3%, to $2,498,000 for the three months ended March 31, 2024, from $2,465,000 in the same period of 2023[150] - Advertising and marketing expenses increased by $26,000, primarily due to a search engine optimization campaign and media advertising[150] Credit Losses and Allowance - The allowance for credit losses is based on evaluations of historical loan losses and current conditions, with future adjustments possible if economic conditions differ from assumptions[120] - The allowance for credit losses on loans was $4.5 million, or 1.32%, of loans outstanding at March 31, 2024[146] - The allowance to total loans outstanding was 1.32% at March 31, 2024, slightly decreasing from 1.38% at December 31, 2023[165] - The provision for credit losses decreased by $267,000, or 145.9%, to ($84,000) for the three months ended March 31, 2024[165] - Non-performing loans decreased to $1.3 million, or 0.39% of total loans, from $1.4 million, or 0.44% of total loans, at the end of the previous quarter[162] Equity and Taxation - Stockholders' equity decreased by $220,000, or 0.5%, to $46.8 million at March 31, 2024, due to stock repurchases[132] - Income tax expense decreased by $38,000, or 30.2%, to $88,000 for the three months ended March 31, 2024, from $126,000 in the same period of 2023[151] - The effective tax rates were 21.7% for Q1 2024 and 23.6% for Q1 2023[151] Other Financial Metrics - The average yield on average interest-earning assets increased to 5.20% for the three months ended March 31, 2024, up from 4.66% for the same period in 2023[134] - The average balance of interest-bearing liabilities increased by $59.0 million to $370.5 million for the three months ended March 31, 2024[140] - Total assets increased to $443,907,000 as of March 31, 2024, compared to $388,818,000 as of March 31, 2023[155] - Certificates of deposit due within one year totaled $141.6 million, representing 87.5% of total certificates of deposit[172] - The company had the ability to borrow approximately $202.1 million from the Federal Home Loan Bank of Pittsburgh, with $50.8 million already advanced[166]

Exhibit 99.1 FOR IMMEDIATE RELEASE Contact: Lindsay S. Bixler Executive Vice President and Chief Financial Officer (610) 215-2327 "The increase in interest rates and desire to maintain more liquidity than historical levels have certainly compressed our net interest margin. The Company had strong loan and deposit growth in the first quarter allowing us to maintain a strong liquidity position," said Janak Amin, President and Chief Executive Officer of PB Bankshares, Inc. First Quarter 2024 Highlights: * Refer ...

Financial Performance - Net income for the year ended December 31, 2023, was $1.9 million, a decrease of $195,000 compared to $2.1 million for the year ended December 31, 2022[229]. - Net income decreased $195,000 to $1.9 million for the year ended December 31, 2023, due to a $1.4 million increase in noninterest expense[269]. - Net income for 2023 was $1,919 million, a decrease from $2,114 million in 2022, representing a decline of 9.2%[313]. - Noninterest income decreased by $632,000, or 44.6%, to $785,000 for 2023, primarily due to losses from the disposal of premises and equipment[286]. - Total noninterest expenses increased by $1.4 million, or 16.2%, to $9.8 million in 2023, driven by higher salaries and employee benefits[288]. - Income tax expense rose by $14,000, or 2.6%, to $545,000 for 2023, with an effective tax rate of 22.1% compared to 20.1% in 2022[289]. Asset and Deposit Growth - Total assets increased by $53.2 million, or 13.8%, to $439.7 million at December 31, 2023, from $386.5 million at December 31, 2022[253]. - Deposits rose by $43.5 million, or 15.0%, from $289.5 million at December 31, 2022, to $333.0 million at December 31, 2023[225]. - Core deposits increased by $11.1 million, or 6.3%, to $187.5 million at December 31, 2023, from $176.4 million at December 31, 2022[234]. - Cash and cash equivalents increased by $15.2 million, or 88.5%, to $32.4 million at December 31, 2023 from $17.2 million at December 31, 2022[256]. - Total deposits increased to $332,966 million in 2023, up from $289,495 million in 2022, reflecting an increase of 15.0%[310]. Loan Portfolio and Credit Quality - The commercial real estate and commercial and industrial loan portfolios grew from $166.4 million, or 54.5% of total loans, at December 31, 2022, to $201.4 million, or 61.7% of total loans, at December 31, 2023[230]. - Gross loans increased by $53.2 million, or 15.3%, during 2023[225]. - Net loans receivable increased $20.5 million, or 6.8%, to $321.4 million at December 31, 2023, primarily due to a $36.3 million increase in commercial real estate loans, which rose 24.4%[257]. - The allowance for credit losses rose to $4,511,000 in 2023, up from $3,992,000 in 2022, indicating a 13% increase[397]. - Total non-accrual loans increased to $1,421,000 in 2023, compared to $1,049,000 in 2022, reflecting a rise of 35.5%[399]. - The total provision for credit losses decreased to $632,000 in 2023 from $1,200,000 in 2022, a reduction of 47.4%[398]. Interest Income and Expense - Total interest income increased $6.0 million, or 43.5%, to $19.8 million for the year ended December 31, 2023, resulting from a 123 basis points increase in the average yield on interest-earning assets[270]. - Interest income on loans increased $4.2 million, or 32.9%, to $17.0 million for 2023, driven by a 92 basis points increase in the average yield on loans[271]. - Interest expense increased $4.7 million, or 161.1%, to $7.7 million for the year ended December 31, 2023, due to increases in interest expense on deposits and borrowings[276]. - The net interest margin improved to 3.07% in 2023 from 2.97% in 2022, while the net interest rate spread decreased to 2.71%[292]. - Net interest income increased by $1.3 million, or 11.5%, to $12.1 million for the year ended December 31, 2023, compared to $10.9 million for 2022[279]. Borrowings and Liquidity - Total borrowings from the Federal Home Loan Bank of Pittsburgh increased $7.5 million, or 15.7%, to $55.1 million at December 31, 2023[267]. - The liquidity ratio averaged 13.7% for the year ended December 31, 2023, significantly above the target of 5.0%[298]. - The company maintained the ability to borrow approximately $178.5 million from the Federal Home Loan Bank of Pittsburgh as of December 31, 2023[297]. - Maximum borrowing capacity increased from $155,601,000 in 2022 to $178,468,000 in 2023, secured by qualifying loans[420]. Stockholder Equity and Share Repurchase - Stockholders' equity increased $1.0 million, or 2.2%, to $47.0 million at December 31, 2023, attributed to net income of $1.9 million for 2023[268]. - The company repurchased 165,109 shares of common stock for $2,145,000 in 2023, compared to 40,289 shares for $530,000 in 2022[321]. Accounting and Regulatory Compliance - The Company accounts for income taxes in accordance with FASB ASC Topic 740, resulting in current and deferred income tax expense[366]. - The Company adopted ASC 326 on January 1, 2023, establishing a reserve for unfunded loan commitments of $177,000, which reduced retained earnings by $140,000[383]. - The adjustment recorded at the adoption of ASC 326 established a reserve for credit losses based on historical experience and reasonable forecasts[383].