HOULTON, Maine – Katahdin Bankshares Corp. (OTCQX: KTHN), the parent company of Katahdin Trust Company, a full-service community bank in Maine founded in 1918, has announced 2024 first-quarter earnings of $2.04 million, or $0.64 per common share.
Total assets for Katahdin Trust remained above $1 billion and strong asset quality continued. Although net income was down 18 percent from the same period in 2023, the Bank remains cautiously optimistic about the economic landscape and is well-positioned to navigate any challenges that may arise.
“With a strong capital position, a talented team, and a clear strategic vision, we are confident in our ability to continue delivering value to our shareholders and stakeholders,” stated Jon J. Prescott, Katahdin Trust president and chief executive officer.
For more information and to view a copy of the Bank’s most recent quarterly financial report, visit KatahdinTrust.com/Shareholder-Relations.
