Business

Company reports Q4 results

HOULTON, Maine — Katahdin Bankshares Corp. (OTCQX: KTHN), parent company of Katahdin Trust Company, has announced fourth quarter earnings of $1.91 million, or $0.58 per common share.

  For the year ended Dec. 31, 2019, net income available to common shareholders totaled $7,685,000, an increase of $1,363,000 or 21.6 percent over the prior year. Total assets rose to a record level of $850,909,000, a 6 percent increase from 2018. 

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