Potomac Bancshares Reports Record Second Quarter Earnings with Strong Growth
Potomac Bancshares, Inc. (OTC: PTBS) reported second quarter net income of $3.3 million or $0.80 per share for the three months ending June 30, 2026. This marks a significant increase from both the first quarter and year-ago period—up by 9% and 60%, respectively. The company's return on average assets (ROA) reached 1.32%, while its ROE climbed to 15.52%. For the six months ending June 30, net income totaled $6.4 million or $1.54 per share, reflecting a 49% increase compared to the same period in 2025. The company attributed strong performance to organic growth across core markets and improved profitability metrics despite early loan payoffs. Loan balances increased by 7% annually while deposits grew at an annualized rate of 1%. The net interest margin expanded to 3.76%, and the efficiency ratio dropped to 61.15%, indicating better cost control. Potomac also announced plans for expansion into Winchester-Frederick County, Virginia with a new branch expected in Q3 2026. A dedicated commercial banker has been hired to support growth in treasury management services and deposits.
Tickers: $PTBS