Petersburg, WV – Highlands Bankshares, Inc. (OTC: HBSI) announced unaudited earnings of $1,384,000 for the first three-month period ended March 31, 2025. This represents an increase of 55% from the $891,000 earned during the same period in 2024. On a per share basis, net income was $1.04 for the first three months of 2025, compared to earnings of $0.67 per share for the three months ended March 31, 2024.
On April 8, 2025, the Board of Directors declared a quarterly dividend of $0.45 per share to be paid on May 2, 2025 to all shareholders of record as of April 25, 2025. Based upon the current market price and annualizing the dividends paid to shareholders this quarter, Highlands’ current dividend yield is 5.29%.
Jack H. Walters, Chairman and Chief Executive Officer of the holding company, stated “Highlands is pleased to report increased earnings for Q1 2025 compared to the year ago period. Earnings were positively impacted by higher levels of net interest income due to growth in our loan portfolio, offset somewhat by higher levels of interest expense on deposits. We appreciate the continued trust of our customers and shareholders and will continue to do our best to serve all of our local communities with quality banking products and great customer service.”
Highlands Bankshares, Inc. operates twelve banking locations in West Virginia and Virginia through its two wholly-owned subsidiary banks, The Grant County Bank and Capon Valley Bank, and offers insurance services through its wholly-owned subsidiary HBI Life Insurance Company.
