Exchange Bank (EXSR) Declares $1.30 Quarterly Dividend; 5.6% Yield
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Exchange Bank Announces Second Quarter 2023 Results; Declaration of Third Quarter Cash Dividend
July 26, 2023 6:00 PM EDTSANTA ROSA, Calif.--(BUSINESS WIRE)-- Exchange Bank (OTC: EXSR) today announced results for the second quarter of 2023, reporting a net loss after taxes of $2.14 million. The net loss is after a one-time charge of $9.10 million, net of taxes, related to the voluntary termination of the Exchange Bank Pension Plan (the Plan). Excluding this one-time charge, recurring net earnings from the operations of Exchange Bank for the second quarter of 2023 were $6.96 million as compared with net earnings of $9.52 million for the same quarter of 2022.
With this level of core profitability, on July... More
