Pacific Financial Corporation (PFLC) Declares $0.14 Quarterly Dividend; 4.7% Yield

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Pacific Financial Corp Earns $2.6 Million, or $0.25 per Diluted Share for Third Quarter 2024; Tangible Book Value Per Share Up 6.6% During Quarter; Board of Directors Declares Quarterly Cash Dividend

October 25, 2024 8:30 AM EDT

ABERDEEN, Wash., Oct. 25, 2024 (GLOBE NEWSWIRE) -- Pacific Financial Corporation (OTCQX: PFLC), (Pacific Financial) or the (Company), the holding company for Bank of the Pacific (the Bank), reported net income of $2.6 million, or $0.25 per diluted share for the third quarter of 2024, compared to $2.1 million, or $0.21 per diluted share for the second quarter of 2024, and $3.6 million, or $0.35 per diluted share for the third quarter of 2023. All results are unaudited.

Pacific Financials third quarter 2024 operating results reflected the following changes from the second quarter of 2024: (1) higher net interest... More