Leadership Changes - Steve Erb, Chief Operating Officer of PBCO Financial Corporation, will retire on March 16, 2026, after 11 years with the organization [1] - Nikki Hoffman, Senior Vice President and IT Director, will succeed Erb as Chief Operating Officer starting January 1, 2026 [1] Financial Performance - PBCO Financial Corporation reported net income of $2.1 million and earnings per share of $0.39 for the third quarter of 2025, unchanged from the second quarter of 2025 [2] - Loans increased by $6.7 million, or 1.2%, in the third quarter of 2025 [2] - For the second quarter of 2025, net income was $2.1 million, up 5.7% from $1.9 million in the first quarter of 2025, with earnings per share rising from $0.36 to $0.39 [5] - The net interest margin increased by 13 basis points to 3.76% in the second quarter of 2025 compared to 3.63% in the first quarter [5] - In the first quarter of 2025, net income was $1.9 million, an increase from $1.7 million in the first quarter of 2024, with earnings per share rising from $0.31 to $0.37 [6]
PBCO Reports Chief Operating Officer Retirement
Businesswire·2025-11-13 23:28