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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April 24, 2026 15:15 ET Economics news flow was relatively light this week even as the conflict in the Middle East continued, raising concerns for policymakers. In the U.S., spending data, initial jobless claims and pending home sales were the highlights. Business confidence in the biggest euro area economy was in focus in Europe. Inflation data from Japan gained attention in Asia.