Houlton Pioneer Times

Bank announces dividend announces first quarter earning for 2019

HOULTON, Maine — Katahdin Bankshares Corp. (OTCQX: KTHN), parent company of Katahdin Trust Company, has announced first-quarter earnings of $1.85 million, or $0.49 per common share.

First-quarter earnings for Katahdin Bankshares Corp. exceeded 2018 first-quarter earnings by $212,000 or 13.0 percent.

Total assets reached $800.1 million, representing growth of $6.9 million over the first quarter of 2018.

“Our year is off to a great start for Katahdin Trust,” said Jon J. Prescott, president and CEO. “In addition to a record first quarter, we were also pleased to launch a new look to our website that is optimized for mobile devices.”

The company paid a quarterly dividend of $0.1125 per share in the first quarter of 2019, representing a 4.65 percent increase over last year’s first-quarter dividend.

Get the Rest of the Story

Thank you for reading your 4 free articles this month. To continue reading, and support local, rural journalism, please subscribe.