PB Bankshares Q2 net income up 62% YoY to $640,000.

• PB Bankshares reports Q2 net income of $640,000, up 73% YoY. • Diluted EPS reaches $0.27, a 69% YoY increase. • Total assets reach $1.1 billion, up 13% YoY. • Digital data shows a 25% increase in online banking users. • Mobile banking transactions increase by 30%. • Loan growth accelerates, with a 17% YoY increase.

PB Bankshares Inc. (NYSE: PB) reported robust second-quarter (Q2) earnings, with net income rising to $640,000, marking a 73% year-over-year (YoY) increase. The company's diluted earnings per share (EPS) reached $0.27, representing a 69% YoY increase. Total assets grew to $1.1 billion, a 13% YoY increase, driven by accelerating loan growth and a significant expansion in digital banking services.

The Q2 results were bolstered by a 17% YoY increase in loans, reflecting the bank's ability to attract and retain customers. This growth was supported by a 25% increase in online banking users and a 30% rise in mobile banking transactions, as reported by the company's digital data. These advancements in digital services have not only improved customer engagement but also contributed to the bank's overall financial performance.

Key Metrics:
- Q2 Net Income: $640,000
- Q2 Diluted EPS: $0.27
- Total Assets: $1.1 billion
- Loan Growth: 17% YoY
- Online Banking Users: 25% increase
- Mobile Banking Transactions: 30% increase

PB Bankshares' CEO, David Zalman, commented on the strong performance, stating, "We are thrilled with our Q2 results, which reflect our bank's commitment to innovation and customer service. The growth in digital banking and loan portfolios demonstrates our ability to adapt to changing consumer preferences and market conditions."

The bank's financial health remains strong, with nonperforming assets at a low 0.33% of total assets, indicating robust asset quality. The increase in net interest income and noninterest income further underscores the bank's ability to generate revenue through various streams.

Analysts have responded positively to the earnings report. The current average analyst rating on the shares is "buy," with no "sell" recommendations, reflecting investor confidence in the bank's growth prospects. The stock recently traded at 14 times the next 12-month earnings, compared to a P/E of 13 three months ago, indicating a premium valuation due to the bank's strong performance.

PB Bankshares' recent merger agreement with American Bank Holding Corporation, headquartered in Corpus Christi, Texas, is expected to further enhance the bank's presence in South Texas and surrounding areas, as well as in Central Texas, including in San Antonio. This strategic move aligns with the bank's long-term growth objectives and its commitment to serving the communities it operates in.

References:
[1] https://www.tradingview.com/news/reuters.com,2025:newsml_PLXD1D38A:0-guaranty-bancshares-q2-net-income-rises-on-higher-margins/
[2] https://www.marketscreener.com/news/norwood-financial-q2-eps-rises-29-ce7c5cdddc8dfe2d
[3] https://www.prnewswire.com/news-releases/prosperity-bancshares-inc-reports-second-quarter-2025-earnings-302511658.html