ROCKY MOUNT, NC / ACCESS Newswire / January 22, 2026 / Ted E. Whitehurst, President and CEO of PB Financial Corporation (OTCQX:PBNC), the holding company (the "Company") for Providence Bank, announced today that the Company reported net income available to common shareholders for the quarter ended December 31, 2025, of $6,049,519 compared to $3,937,492 for the same period in 2024, an increase of 53.64%. For 2025, net income available to common shareholders was $21,571,965 compared to $15,814,873 for 2024, an increase of 36.40%.

As of December 31, 2025, the Company reported total assets of $1.404 billion compared to $1.317 billion at December 31, 2024, an increase of 6.56%. Total deposits were $1.186 billion and gross loans were $1.180 billion at the end of 2025, compared to total deposits of $1.115 billion and gross loans of $1.129 billion at the end of 2024, increases of 6.38% and 4.51% respectively.

Whitehurst commented, "I am pleased to report record quarterly and full year earnings for our Company. We were able to show strong increases in our quarterly and annual net income available to shareholders as we continued to see efficiencies from our strategic merger with Coastal Bank & Trust in 2024. The hard work and dedication of our employees to serve our customers continues to drive our success. Our strong financial performance helped drive our shareholder value as our stock had a total return of 28.33% for 2025 (includes cash dividends and gain in stock value). As always, we will continue to look for opportunities to continue enhancing shareholder value."

For 2025, the Company had basic earnings of $7.51 per share compared to basic earnings of $5.74 per share in 2024, an increase of 30.84%. The December 31, 2025, book value per common share was $45.40, and the tangible book value per common share was $40.75. In 2025, the Company paid cash dividends of $2.34 per share for each share of common stock outstanding, an increase of approximately 8.84% from the cash dividends paid in 2024. The Company has paid 56 consecutive quarterly cash dividends since it began paying cash dividends in the first quarter of 2012. The quarterly cash dividend has increased each quarter.

Providence Bank is a state-chartered community bank headquartered at 450 N. Winstead Avenue in Rocky Mount, North Carolina, with branches in Rocky Mount, Tarboro, Nashville, Wilson, Raleigh, Jacksonville, Holly Ridge, Morehead City and Richlands, as well as a loan production office in New Bern.

www.pbknc.com

This press release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 regarding PB Financial Corporation. Those statements may include but are not limited to statements regarding the Company's plans, objectives, expectations and intentions and other statements identified by words such as "believes," "considers," "expects," "anticipates," "estimates," "intends," "plans," "targets," "projects," "would be," and similar expressions. These statements are based upon current beliefs and expectations of management of PB Financial Corporation and are subject to significant risks and uncertainties. Actual or future results or events may differ from those set forth in the forward-looking statements. PB Financial Corporation does not undertake to update any forward-looking statements in this press release. The information as of and for the quarters ended December 31, 2025 and December 31, 2024 as presented is unaudited.

For more information, contact:

Ted E. Whitehurst, President and CEO
252-467-2990; twhitehurst@pbknc.com

PB Financial Corporation

Consolidated Balance Sheets and Statements of Operations

Statements of Operations

* Derived from audited financial statements

SOURCE: PB Financial Corp.