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Published 12 days ago

Katahdin Bankshares Corp. reports first quarter 2024 results

Summary by Bangor Daily News
HOULTON – Katahdin Bankshares Corp. (OTCQX: KTHN), the parent company of Katahdin Trust Company, a full-service community bank in Maine founded in 1918, has announced 2024 first-quarter earnings of $2.04 million, or $0.64 per common share. Total assets for Katahdin Trust remained above $1 billion and strong asset quality continued. Although net income was down 18 percent from the same period in 2023, the Bank remains cautiously optimistic about …

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