Bank of Botetourt announces third quarter financial results and quarterly cash dividend
Key Highlights
- ➤Q3 net income $3.969M, up 37.72% year over year
- ➤Nine-month net income $12.355M, versus $8.094M last year
- ➤Net loans increased 4.15% to $781.507M; deposits rose 0.64%
- ➤Quarterly common dividend $0.25 per share, payable November 16
- ➤Net interest margin reached 4.11%, up 35 basis points year over year
Expert Statements
Michelle Austin, President & CEO of Bank of Botetourt
“We are pleased to report another successful quarter of strong financial performance, reflecting the continued strength and the disciplined execution of our long-term strategy. Our results demonstrate steady growth across the organization while maintaining our commitment to serving customers with the personalized banking experience they expect from Bank of Botetourt. We remain focused on creating long-term shareholder value, supporting the communities we serve, and investing in opportunities that position the Bank for continued success. I would like to thank our customers for their trust, our shareholders for their investment, and our employees for their dedication, professionalism, and commitment to excellence each day.”
Bank of Botetourt announces third quarter financial results and quarterly cash dividend PR Newswire
BUCHANAN, Va., Oct. 29, 2026 /PRNewswire/ -- Buchanan-based Bank of Botetourt (OTCQX: BORT and BORTP) announced today its unaudited financial results for the three and nine months-ended September 30, 2026. The Bank produced net income amounting to $3,969,000 or $1.95 per basic share in the third quarter. This amount compares to net income of $2,882,000 or $1.40 per share, for the same period last year. For the nine months-ended the Bank produced net income amounting to $12,355,000 or $6.08 per basic share. This amount compares to a net income of $8,094,000 or $3.94 per share, for the same period last year. The Board of Directors voted to pay the 7.00% preferred dividend, which calculates to $0.49 per share on November 6, 2026, to preferred shareholders of record October 30, 2026. Furthermore, the Board of Directors voted to pay the $0.25 per share quarterly dividend, or $1.00 per share annualized, which is payable on November 16, 2026, to common shareholders of record November 9, 2026.
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