1. KTHN reported Q1 2025 earnings of $2.38 million, up 35.6% from Q4 2024. 2. Earnings per share for Q1 2025 are $0.75, a 16.5% increase from Q1 2024. 3. Total assets increased to $1.08 billion, reflecting strong financial growth. 4. CEO praised team's strategic efforts for strong financial start to the year. 5. KTHN operates 16 locations across Maine as a community bank.
The significant increase in both earnings and total assets indicates strong financial health. Historically, such growth in earnings often leads to positive market sentiment and price appreciation.
The earnings report is a key indicator of financial performance, which can drive investor interest and stock price.
Positive quarterly results typically influence stock price in the short term. Market perceptions can shift quickly based on immediate financial performance.
HOULTON, Maine, April 30, 2025 /PRNewswire/ -- Katahdin Bankshares Corp. (OTCQX: KTHN), the parent company of Katahdin Trust Company, a full-service community bank in Maine founded in 1918, has announced 2025 first-quarter earnings of $2.38 million, or $0.75 per common share. These results represent an increase of $625,000 or 35.6% over the previous quarter, and a 16.5% increase over the first quarter of 2024.
Total assets reached $1,080,675,000, a $54,526,000 increase over the same period in 2024.
"We had a strong financial start to the year," stated Jon J. Prescott, Katahdin Trust President and Chief Executive Officer. "A reflection of the hard work and strategic efforts of our entire team."
For more information and to view a copy of the Bank's most recent quarterly financial report, visit KatahdinTrust.com/Shareholder-Relations/#Financial-Reports.
Katahdin Bankshares Corp. is the bank holding company of Katahdin Trust Company. Founded in 1918, Katahdin Trust is a community bank based in Houlton, Maine, with 16 locations and more than $1.08 billion in assets. Katahdin Bankshares Corp. common stock is quoted on the OTC Markets (OTCQX) under the symbol KTHN. Learn more about the Company and its subsidiary bank at www.katahdintrust.com and follow Katahdin Trust on social media.
SOURCE Katahdin Trust Company