LYNCHBURG

Bank of the James Announces First Quarter of 2024 Financial Results and Declaration of Dividend

Retrieved on: 
Friday, April 26, 2024
Sale, CFO, Total, MSA, Treasury, Federal funds, Health, CRE, Environment, White, Bank, Fed, United States Treasury security, NOW, Growth, PWW, C&I

Building relationships with a growing base of clients positions Bank of the James to maintain and expand those relationships over time.

Key Points: 
  • Building relationships with a growing base of clients positions Bank of the James to maintain and expand those relationships over time.
  • Total interest income increased to $10.51 million in the first quarter of 2024 compared to $9.10 million in the first quarter of 2023.
  • Noninterest income in the first quarter of 2024 was $3.31 million compared with $3.04 million in the first quarter of 2023.
  • The Bank added $15.00 million in deposits during the first quarter of 2024, with total deposits at March 31, 2024 of $893.49 million.

Pinnacle Bankshares Corporation Announces First Quarter 2024 Earnings

Retrieved on: 
Thursday, April 25, 2024
Sale, City, First National Bank, OTCQX, Federal Home Loan Banks, Treasury, Uncertainty, Town, Habit, Asset, ATM, Risk-weighted asset, Shareholder, Bank, United States Treasury security, Balance sheet

Our Stock Price ended the quarter at $28.46 per share, based on the last trade, which is an increase of $4.45, or 19%.

Key Points: 
  • Our Stock Price ended the quarter at $28.46 per share, based on the last trade, which is an increase of $4.45, or 19%.
  • Noninterest income for the quarter ended March 31, 2024 was $1,623,000 representing a $119,000, or 7%, decrease compared to the quarter ended March 31, 2023.
  • Noninterest expense for the quarter ended March 31, 2024 increased $625,000, or approximately 9%, to $7,402,000 from $6,777,000 for the quarter ended March 31, 2023.
  • Pinnacle Bankshares Corporation is a locally managed community banking organization serving Central and Southern Virginia.

Comcast Connects 12,000 Additional Homes and Businesses Across Lynchburg, VA Area

Retrieved on: 
Thursday, April 4, 2024
Carriers and Services, Mobile, Wireless, Networks, Entertainment, Internet, Professional Services, Hardware, Business, Technology, Security, TV and Radio, Telecommunications, Storm, Organization, Xfinity, Project, City, Comcast Business, Videotelephony, Enterprise, Senior, Wi-Fi, Video, Internet service provider

Comcast today announced an expansion of its fast, reliable and fiber-based network to 12,000 additional homes and businesses across the Lynchburg, VA area.

Key Points: 
  • Comcast today announced an expansion of its fast, reliable and fiber-based network to 12,000 additional homes and businesses across the Lynchburg, VA area.
  • This expansion includes the following areas:
    Campbell County, VA – Xfinity and Comcast Business services are now available to 6,700 additional homes and businesses in Campbell County, VA.
  • The City of Lynchburg, VA – Comcast is bringing its advanced products and services to 2,100 additional homes and businesses in the City of Lynchburg.
  • Forest, VA – Comcast is bringing its advanced products and services to 3,200 additional homes and businesses in Forest, VA. Construction is underway and services are already available to some homes and businesses.

Pinnacle Bankshares Corporation Announces Record High 2023 Earnings

Retrieved on: 
Thursday, February 15, 2024
First National Bank, Federal Home Loan Banks, Town, Bank, City, CECL, Sale, Nature, Habit, ACL, Asset, Uncertainty, Capital, OTCQX, Liquidity, Housing, Insurance, Accounting

Net income for the year ended December 31, 2023 was a record high $9,762,000, or $4.45 per basic and diluted share.

Key Points: 
  • Net income for the year ended December 31, 2023 was a record high $9,762,000, or $4.45 per basic and diluted share.
  • Fourth Quarter & 2023 Highlights include the following:
    Record High 2023 Net Income of $9,762,000 surpassed the previous annual record high net income of $8,242,000 achieved in 2022.
  • “We are very pleased to report Pinnacle’s record high earnings for 2023,” stated Aubrey H. Hall, III, President and Chief Executive Officer for both the Company and the Bank.
  • Pinnacle Bankshares Corporation is a locally managed community banking organization based in Central and Southern Virginia.

Pinnacle Bankshares Corporation Announces Quarterly Cash Dividend of 25 Cents per Share

Retrieved on: 
Wednesday, February 14, 2024
First National Bank, Town, Bank, City, Habit, Uncertainty, Holding company

The $0.25 per share cash dividend is equal to the $0.25 dividend paid last quarter and marks the forty-sixth consecutive quarter that a dividend has been declared.

Key Points: 
  • The $0.25 per share cash dividend is equal to the $0.25 dividend paid last quarter and marks the forty-sixth consecutive quarter that a dividend has been declared.
  • “Pinnacle is pleased to provide a cash dividend of $0.25 per share to our shareholders this quarter,” stated Aubrey H. Hall, III, President and Chief Executive Officer for both the Company and the Bank.
  • Mr. Hall further commented, “This return on investment is consistent with the cash dividend paid in the fourth quarter of 2023, when the rate was increased $0.05 per share, or 25%, as a result of our improved profitability and capital position.
  • Overall, cash dividends per share paid in 2023 increased 39% as compared to the prior year.”
    Pinnacle Bankshares Corporation is a locally managed community banking organization serving Central and Southern Virginia.

Manly Bands Continues Unique Licensing Agreement with Jack Daniel's Tennessee Whiskey

Retrieved on: 
Wednesday, February 7, 2024
Honey, Partnership, Prohibition, History, Cooper, Individual, Single barrel whiskey, Titanium, Jack Daniel's, Silver, Tennessee whiskey, Cobalt-chrome, Longevity, Collection, Distillation, Entrepreneurship, Wood, Woman, Gold, Damascus steel, Cobalt, Dwight D. Eisenhower, Movement, Jewellery

LINDON, Utah, Feb. 7, 2024 /PRNewswire/ -- Manly Bands shows off their unique licensing partnership with Jack Daniel's Tennessee Whiskey with a signature line of men's rings.

Key Points: 
  • LINDON, Utah, Feb. 7, 2024 /PRNewswire/ -- Manly Bands shows off their unique licensing partnership with Jack Daniel's Tennessee Whiskey with a signature line of men's rings.
  • Crafted from Black Zirconium, this ring features a Jack Daniel's Tennessee Whiskey Barrel and Amber Colored Glass Inlay, a tribute to the true master of craftsmanship.
  • Made from Damascus Steel, this ring boasts a Jack Daniel's Tennessee Whiskey Barrel Inlay and Cerakote Sleeve.
  • Made from Black Zirconium, this ring features Jack Daniel's Tennessee Whiskey Barrel and Genuine Black Dinosaur Bone Inlays.

Bank of the James Announces Fourth Quarter, Full Year of 2023 Financial Results and Declaration of Increased Dividend

Retrieved on: 
Friday, February 2, 2024
Book, Growth, CFO, Pressure, Fed, CECL, MSA, C&I, Environment, Overalls, Federal funds, United States Treasury security, PWW, Total, NOW, Sale, Bank, Treasury, White, CRE

Fourth quarter 2023 net interest margin and interest spread declined moderately compared to the comparable period in 2022.

Key Points: 
  • Fourth quarter 2023 net interest margin and interest spread declined moderately compared to the comparable period in 2022.
  • Total interest income increased to $10.49 million in the fourth quarter of 2023 compared with $8.95 million a year earlier.
  • Commercial construction loans increased throughout 2023, rising to $21.97 million at December 31, 2023 from $12.14 million at December 31, 2022.
  • The Company increased the dividend by 25% from the dividend paid in the fourth quarter of 2023.

Bank of the James Financial Group, Inc. Announces Quarterly Dividend; Increases Quarterly Dividend by 25%

Retrieved on: 
Friday, January 19, 2024
Bank, White, Holding company

LYNCHBURG, Va., Jan. 19, 2024 (GLOBE NEWSWIRE) -- On January 16, 2024, the Board of Directors of Bank of the James Financial Group, Inc. (the “Company”) (NASDAQ:BOTJ), the parent company of Bank of the James (the “Bank”), a full-service commercial and retail bank, and Pettyjohn, Wood & White, Inc., an SEC-registered investment advisor, declared a cash dividend in the amount of $0.10 per common share.

Key Points: 
  • LYNCHBURG, Va., Jan. 19, 2024 (GLOBE NEWSWIRE) -- On January 16, 2024, the Board of Directors of Bank of the James Financial Group, Inc. (the “Company”) (NASDAQ:BOTJ), the parent company of Bank of the James (the “Bank”), a full-service commercial and retail bank, and Pettyjohn, Wood & White, Inc., an SEC-registered investment advisor, declared a cash dividend in the amount of $0.10 per common share.
  • This is an increase of $0.02 per common share, or 25%, from the dividend declared in October 2023.
  • The dividend is payable on March 15, 2024 to shareholders of record at the close of business on March 1, 2024.
  • While the Company intends to declare dividends on a quarterly basis, future declarations of dividends are subject to the approval of the Board of Directors and will depend on the Company’s results of operations, financial condition, regulatory requirements, and other factors considered relevant by the Board.

Pinnacle Bankshares Corporation Increases Quarterly Cash Dividend to 25 Cents per Share

Retrieved on: 
Wednesday, November 15, 2023
Bank, City, Town, First National Bank, Uncertainty, Habit, Holding company, Pinnacle

The $0.25 per share cash dividend is an increase of $0.05 per share, or 25%, compared to the $0.20 per share cash dividend paid last quarter and marks the forty-fifth consecutive quarter that a dividend has been declared.

Key Points: 
  • The $0.25 per share cash dividend is an increase of $0.05 per share, or 25%, compared to the $0.20 per share cash dividend paid last quarter and marks the forty-fifth consecutive quarter that a dividend has been declared.
  • “Pinnacle is pleased to increase the quarterly cash dividend to $0.25 per share for our shareholders based on our year-to-date 2023 record high performance,” stated Aubrey H. Hall, III, President and Chief Executive Officer for both the Company and the Bank.
  • This press release may contain “forward-looking statements” within the meaning of federal securities laws that involve significant risks and uncertainties.
  • Any statements contained herein that are not historical facts are forward-looking and are based on current assumptions and analysis by the Company.

Appeal Production Named to Inc.'s Second Annual Power Partner Awards

Retrieved on: 
Thursday, November 2, 2023
F&M Bank, Health, Business development, Organization, Performance Food Group, Danone North America, Multimedia, Advertising, American Pharmacists Association, Marketing, Rotary International, Record, Virginia Department of Health, Daikin Applied Americas, Virginia Department of Education, Communication, Appeal

HARRISONBURG, Va., Nov. 2, 2023 /PRNewswire-PRWeb/ -- Appeal Production is honored to be recognized by Inc. Business Media as a second annual Power Partner Award winner. This award honors B2B organizations across the globe that have proven track records supporting entrepreneurs and helping startups grow. The list recognizes 389 firms in marketing and advertising, health and wellness, financial services, legal, logistics, and productivity, as well as other areas of business.

Key Points: 
  • HARRISONBURG, Va., Nov. 2, 2023 /PRNewswire-PRWeb/ -- Appeal Production is honored to be recognized by Inc. Business Media as a second annual Power Partner Award winner.
  • This award honors B2B organizations across the globe that have proven track records supporting entrepreneurs and helping startups grow.
  • To be selected as one of a handful of companies across the globe to receive the Inc. Power Partner Award, is a humbling honor."
  • Appeal Production is a video marketing firm that inspires business growth with dazzling videos.