PSB Holdings, Inc. Reports Second Quarter 2022 Earnings

PSB Holdings, Inc. (“PSB”) (OTCQX: PSBQ) Achieves Strong Results in Second Quarter

Wausau, Wis., July 25, 2022 (GLOBE NEWSWIRE) – PSB Holdings, Inc. (“PSB”) (OTCQX: PSBQ), the holding company for Peoples State Bank (“Peoples”) serving Northcentral and Southeastern Wisconsin reported second quarter earnings ending June 30, 2022 of $0.72 per share on net income of $3.2 million, compared to earnings of $0.75 per share on net income…

PSB Holdings, Inc., the parent company of Peoples State Bank, has announced its financial results for the second quarter of 2022. The company reported earnings of $3.2 million, or $0.72 per share, for the quarter, a slight decrease from the previous quarter. Despite the dip in earnings, PSB Holdings, Inc. remains profitable and continues to serve its customers in Northcentral and Southeastern Wisconsin.

One notable highlight from the second quarter report is the 5.7% expansion in loans. This indicates that the bank is continuing to support businesses and individuals in the community by providing access to capital for their various needs. The growth in loans is a positive sign for the local economy, showing that businesses are investing in growth and individuals are able to access financing for homes, vehicles, and other expenses.

Overall, the second quarter earnings report for PSB Holdings, Inc. demonstrates the company’s resilience and commitment to serving its customers. Despite economic challenges, the bank has continued to provide financial support to the community, helping businesses and individuals thrive.

How This Will Affect Me:

As a customer of Peoples State Bank or a resident of Northcentral and Southeastern Wisconsin, the positive earnings report from PSB Holdings, Inc. is a reassuring sign. It indicates that the bank is financially stable and able to continue providing quality services to its customers. The expansion in loans also suggests that there may be increased opportunities for individuals and businesses to access financing, helping to support economic growth in the region.

How This Will Affect the World:

While the impact of PSB Holdings, Inc.’s earnings report may be more localized to the Northcentral and Southeastern Wisconsin region, it is still a positive sign for the broader financial sector. A profitable bank is good news for the stability of the financial system, and the growth in loans indicates confidence in the local economy. As businesses and individuals in the area continue to thrive, it can have a ripple effect on the larger economy, contributing to overall economic growth and stability.

Conclusion:

The second quarter earnings report from PSB Holdings, Inc. showcases the company’s financial strength and commitment to serving its customers. With a slight decrease in earnings but a significant expansion in loans, the bank is helping to support economic growth in Northcentral and Southeastern Wisconsin. As a customer or resident in the region, this news should be reassuring, and it also has positive implications for the broader financial sector and economy as a whole.