Pacific Financial Corp Reports Second Quarter 2026 Earnings of $2.9 Million, or $0.29 per Diluted Share; Declares Quarterly Cash Dividend of $0.15 per Share
ABERDEEN, Wash., July 24, 2026 (GLOBE NEWSWIRE) -- Pacific Financial Corporation (OTCQX: PFLC), (“Pacific Financial”) or (the “Company”), the holding company for Bank of the Pacific (the “Bank”), reported net income of $2.9 million, or $0.29 per diluted share for the second quarter of 2026, compared to $3.1 million, or $0.30 per diluted share for the first quarter of 2026, and $2.7 million, or $0.27 per diluted share for the second quarter of 2025. The current quarter’s net income compared to
ABERDEEN, Wash., July 24, 2026 (GLOBE NEWSWIRE) -- Pacific Financial Corporation (OTCQX: PFLC), (“Pacific Financial”) or (the “Company”), the holding company for Bank of the Pacific (the “Bank”), reported net income of $2.9 million, or $0.29 per diluted share for the second quarter of 2026, compared to $3.1 million, or $0.30 per diluted share for the first quarter of 2026, and $2.7 million, or $0.27 per diluted share for the second quarter of 2025. The current quarter’s net income compared to the prior quarter reflects higher net interest income, lower recapture for credit losses, higher non-interest income and higher non-interest expenses. Non-interest expenses were higher in the current quarter due to expenses related to a pending merger with Banner Corporation.
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