Pacific Financial Corporation (PFLC) announced a profit for its first quarter that Increased, from last year
The company's bottom line totaled $3.050 million, or $0.30 per share. This compares with $2.377 million, or $0.24 per share, last year.
Pacific Financial Corporation earnings at a glance (GAAP) :
-Earnings: $3.050 Mln. vs. $2.377 Mln. last year.-EPS: $0.30 vs. $0.24 last year.
For the first quarter, the company reported a net interest income of $12 million, higher than $11.3 million in the same period last year.
Noninterest income was $1.3 million, compared with $1.2 million a year ago.
Total deposits increased to $1.14 billion from $1.07 billion in the previous year. Gross loan balances rose by 9% to $771.1 million.
The Board will pay a quarterly cash dividend of $0.15 per share on May 22 to the shareholders of record as of May 8, 2026.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.