Pioneer Bankshares, Inc. Reports Earnings Results for the Full Year Ended December 31, 2023
April 03, 2024
Share
Pioneer Bankshares, Inc. reported earnings results for the full year ended December 31, 2023. For the full year, the company reported net interest income was USD 10.94 million compared to USD 10.1 million a year ago. Net income was USD 1.9 million compared to USD 2.57 million a year ago.
Basic earnings per share from continuing operations was USD 1.92 compared to USD 2.57 a year ago.
Pioneer Bankshares, Inc. is the one-bank holding company of Pioneer Bank, Inc. (the Bank). The Bank is engaged in the general commercial banking business, primarily serving the counties of Page, Greene, Rockingham, and Albemarle, Virginia. The Bank offers a full range of banking and related financial services focused primarily towards serving individual consumers, small to medium size commercial businesses, and the professional community. The Bank provides individual consumers, professionals and small and medium-sized commercial businesses in its market area with responsive and technologically advanced banking services. The Bank operates a small finance company known as Valley Finance Services, a Division of Pioneer Bank, which specializes in consumer and dealer auto lending. The Bank strives to serve the banking needs of its customers while developing personal, hometown relationships. The Bank also operates a small Business Banking Center in Harrisonburg, VA.