Katahdin Bankshares Corp. Delivers Strong Growth in Q2 2025

Author: Henry Turner Updated: 07-22-2025 04:10 PM

Katahdin Bankshares Corp. Highlights Impressive Earnings

Katahdin Bankshares Corp. (OTCQX: KTHN) has announced outstanding financial results for the second quarter of 2025. The company, which operates Katahdin Trust Company, a well-respected community bank, reported earnings of $2.52 million or $0.79 per common share. This achievement marks a significant milestone with an increase of $144,000, representing a growth of 6.1% compared to the previous quarter and an impressive 26.1% when compared to the second quarter of 2024.

Growth in Total Assets

The total assets of Katahdin Bankshares Corp. reached an astonishing $1.09 billion, showcasing a growth of nearly $49 million from the same period last year. This remarkable increase reflects the company’s commitment to enhancing its services and meeting the needs of its community.

Leadership Insights

Jon J. Prescott, the President and Chief Executive Officer of Katahdin Trust, expressed confidence in their financial outcomes. "We are pleased with these results and look to build on them as we continue through 2025," he stated, highlighting the company's strategic focus on sustained performance and community engagement.

Katahdin Trust's Commitment to the Community

Founded in 1918, Katahdin Trust is not just a financial institution but a vital part of the community it serves. With 16 locations and over $1.087 billion in assets, the bank is dedicated to providing comprehensive banking services tailored to meet local needs. The company’s strong performance reflects its unwavering commitment to its customers and the broader community.

Explore More About Katahdin Bankshares Corp.

For those interested in delving deeper into Katahdin Bankshares Corp.’s financial health, there's a wealth of information available. The latest quarterly financial report can be accessed through the company’s official channels, allowing stakeholders to stay informed about its financial trajectory.

Connect with Katahdin Trust

Katahdin Trust encourages the community to stay connected through its various social media platforms. By following them online, customers and interested parties can receive updates on new products, community engagement efforts, and much more. Engaging with their initiatives can highlight the bank's active role in local development.

Frequently Asked Questions

What are the recent earnings reported by Katahdin Bankshares Corp.?

Katahdin Bankshares Corp. reported earnings of $2.52 million for the second quarter of 2025, which equals $0.79 per share.

How much has Katahdin Bankshares Corp. grown compared to last year?

The company saw a 26.1% increase in earnings compared to the second quarter of 2024.

What is the total asset value of Katahdin Bankshares Corp.?

The total assets of the company reached $1.09 billion, reflecting a growth of nearly $49 million from the previous year.

When was Katahdin Trust founded?

Katahdin Trust was founded in 1918, establishing a long history of community banking.

How can I learn more about Katahdin Bankshares Corp.?

You can learn more about Katahdin Bankshares Corp. and its services by visiting their official website or following them on social media platforms.

About The Author

Hi there, As a writer and financial specialist, Henry Turner is passionate about guiding people through the complex world of finance. Having worked in finance for many years, I am an expert at simplifying difficult financial ideas into understandable, useful insights for my blog and articles. My goal is to arm you with the confidence and information you need to make wise financial choices.

Writing for a number of financial blogs has allowed me to interact with readers from novice investors looking for fresh ideas to seasoned investors starting their financial journeys. My mission is to enable everyone to understand and access finance, so enabling you to confidently and clearly reach your financial goals. I appreciate you traveling with me toward success and financial literacy.

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