Bancorp 34, Inc. Reports 1st Quarter Performance, Announces Quarterly Dividend
4/28/2022 10:25 AM - News & Events
Great news! Bancorp 34, Inc., the parent company for Bank 34, reported first quarter performance and announces quarterly dividend. Commenting on the quarter Jim Crotty, President and Chief Executive Officer of Bancorp 34, stated "We are pleased that 2022 is off to a great start. Pre-tax, pre-provision earnings for the quarter totaled $1.9MM, up from $1.2MM (pre-PPP) in the year ago period. Balance sheet growth was driven by quality loan production across the markets we serve. We completed the conversion of our core banking software to a next-generation product which will serve as the cornerstone of our technology strategy moving forward. I'm proud of the successes of our team as we work to increase both customer and shareholder value."
or the complete Press Release: https://www.bank34.com/investor-relations#investorPR.
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Bancorp 34 Inc. published this content on 28 April 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 April 2022 16:42:07 UTC.
Bancorp 34, Inc. is the holding company for Bank 34 (the Bank). The Company conducts a full-service community banking business through the Bank. The Company offers a full range of relationship-focused services to meet its clientâs business and personal financial objectives, with branches in Arizona and New Mexico. Its product lines include commercial loans, commercial real estate loans, and a variety of commercial and consumer deposit products, including noninterest bearing accounts, interest-bearing demand products, savings accounts, money market accounts and certificates of deposit. It also offers online banking and bill payment services, online cash management, safe deposit box rentals, debit card and automated teller machine (ATM) card services and the availability of a network of ATMs for its customers. Its segments include Commercial loans, Commercial real estate loans, Multifamily, Construction and land development loans, Residential real estate loans, and Consumer loans.