Pacific Financial Corp Earns $2.4 Million, or $0.24 per Diluted Share for First Quarter 2025; Board of Directors Approves 5% Stock Buyback Plan; Declares Quarterly Cash Dividend of $0.14 per Share
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Apr 25 2025
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Source: Newsfilter
Financial Performance: Pacific Financial Corporation reported a net income of $2.4 million for Q1 2025, showing a quarter-over-quarter increase but a year-over-year decrease. Key metrics included a return on average assets of 0.81% and a net interest margin improvement to 4.12%, despite challenges in lending demand due to high interest rates.
Capital Management and Growth: The company declared a quarterly cash dividend of $0.14 per share and authorized $5.3 million for stock repurchases. Total deposits grew to $1.07 billion, with non-interest bearing accounts making up 36% of total deposits, reflecting strong core deposit growth and improved asset quality metrics.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
