Latest news for Kish Bancorp (OTC:KISB) Stock

Kish Bancorp

KISH BANCORP (PA)

Kish Bancorp Inc operates as a bank. It offers various services such as checking, savings, loans, online banking, and others. The bank generates its revenue in the form of interest income. The Company provides commercial and industrial, agricultural, commercial mortgage, residential real estate, and consumer loans and deposit services for its customers.

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The following post was written and/or published as a collaboration between Benzinga’s in-house sponsored content team and a financial partner of Benzinga.


After Surviving 2020, The Future Looks Bright For Community Banks In 2021

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The following post was written and/or published as a collaboration between Benzinga’s in-house sponsored content team and a financial partner of Benzinga.

2020 was a year of divergence in markets. Some industries, like health care and e-commerce, benefited greatly from the effects of the pandemic. Others, like energy and travel, did not. 

How The Major Indexes On OTC Markets Performed In 2020

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Kish Bancorp Inc

Press Releases

Kish Bancorp, Inc. Named to American Banker Magazine Top 100 Publicly Traded Community Banks

Kish Bancorp, Inc. Declares Quarterly Cash Dividend of $0.37 Per Share

Kish Bancorp, Inc. Reports Net Income of $3.2 Million in the Second Quarter of 2024 and $6.2 Million in the First Six Months of 2024

Kish Bancorp, Inc. Increases Quarterly Cash Dividend by 5% to $0.39 Per Share

Kish Bancorp, Inc. Reports Net Income of $4.2 Million in the Third Quarter of 2024 and $10.4 Million in the First Nine Months of 2024

Kish Bancorp, Inc. Declares Quarterly Cash Dividend of $0.39 Per Share

Kish Bancorp, Inc. Reports Net Income of $4.1 Million in the Fourth Quarter of 2024 and $14.5 Million for the Year 2024

The following post was written and/or published as a collaboration between Benzinga&rsquo;s in-house sponsored content team and a financial partner of Benzinga. 
Community banks play an important role in many small communities, acting as a source of capital for small, local businesses. In the early days of the pandemic, community banks provided a lot of much-needed aid during the initial rollout of the Payment Protection Program. During this time, community banks <a href="https://www.barrons.com/articles/smaller-banks-doled-out-bulk-of-ppp-loans-fed-data-show-51588677303" target="_blank">provided a vast majority</a> of PPP loans to small businesses.&nbsp;

However, even though community banks provided a great deal of aid, many were uncertain as to whether community banks would survive the pandemic.&nbsp;

According to Tim Melvin, author of the Community Bank Investor Newsletter and Banking On Profit, the number of loans in deferral and forbearance programs in the early days of COVID-19 was enough to have crashed the banking system.&nbsp;

&ldquo;Had the Fed and Congress not acted as quickly as they did early in the pandemic, we would have seen a disaster in the banking system on the scale of the 1930s,&rdquo; Melvin told Benzinga.

However, early action from the Fed and Congress seems to have been a saving grace for the sector.

&ldquo;As we move into 2021, community banks have plenty of capital, credit conditions are better than we could have hoped, and the future looks pretty bright,&rdquo; Melvin said.

For investors focused on community banks, additional light on the sector will be shed at the upcoming <a href="https://bit.ly/3pVCdBv" target="_blank">Community Bank Conference</a>, a Virtual Investor Conference hosted by OTC Markets Group. The two-day conference starting on Wednesday, March 10, will feature presentations from C-suite executives representing 16 different community banks.

Below is the schedule for the conference. Each presentation will cover updates on latest financials and will be followed by a live Q&amp;A session with attendees.

To register for Wednesday&rsquo;s conference, <a href="https://bit.ly/3pVCdBv" target="_blank">click here</a>.

<h3>Wednesday, March 10th&nbsp;</h3>

9:15 AM ET Janney Montgomery Scott

Keynote Presentation: Community Bank Valuations &ndash; amidst headwinds, what does the future path look like?

Speakers: Matthew Veneri, Head of Investment Banking and Dan Flaherty, Managing Director, Investment Banking

10:00 AM ET Royal Financial, Inc. (OTCQX:<a class="ticker" href="https://www.benzinga.com/stock/RYFL#OTCQX">RYFL</a>) 
Speaker: Leonard Szwajkowski, President &amp; CEO

10:30 AM ET Private Bancorp of America, Inc. (OTCQX:<a class="ticker" href="https://www.benzinga.com/stock/PBAM#OTCQX">PBAM</a>) 
Speakers: Rick Sowers, President &amp; CEO, and Richard Pimentel, EVP &amp; CFO

11:00 AM ET Victory Bancorp Inc. (OTCQX:<a class="ticker" href="https://www.benzinga.com/stock/VTYB#OTCQX">VTYB</a>) 
Speaker: Joe Major, Bank Leader

11:30 AM ET Suncrest Bank (OTCQX:<a class="ticker" href="https://www.benzinga.com/stock/SBKK#OTCQX">SBKK</a>) 
Speakers: Ciaran McMullan, President &amp; CEO, and Peter Nutz, Chief Credit Officer

12:00 PM ET White River Bancshares Company (OTCQX:<a class="ticker" href="https://www.benzinga.com/stock/WRIV#OTCQX">WRIV</a>) 
Speaker Information to Come

12:30 PM ET Freedom Bank of Virginia (OTCQX:<a class="ticker" href="https://www.benzinga.com/stock/FDVA#OTCQX">FDVA</a>) 
Speakers: Joe Thomas, President &amp; CEO, and Raj Mehra, EVP &amp; Chief Financial Officer

1:00 PM ET Mountain Commerce Bancorp, Inc. (OTCQX:<a class="ticker" href="https://www.benzinga.com/stock/MCBI#OTCQX">MCBI</a>) 
Speakers: William (&ldquo;Bill&rdquo;) E. Edwards - Founder, Vice Chairman, President &amp; CEO, Kevin W. Horne - Chief Credit Officer, Chief Operating Officer, and David A. Bright, CPA - Executive Vice President, Chief Financial Officer

1:30 PM ET Communities First Financial Corp. (OTCQX:<a class="ticker" href="https://www.benzinga.com/stock/CFST#OTCQX">CFST</a>) 
Speakers: Steve Miller, President &amp; CEO

2:00 PM ET Eagle Financial Services Inc. (OTCQX:<a class="ticker" href="https://www.benzinga.com/stock/EFSI#OTCQX">EFSI</a>) 
Speaker Information to Come

<h3>Thursday, March 11th</h3>

10:00 AM ET Alpine Banks of Colorado (OTCQX:<a class="ticker" href="https://www.benzinga.com/stock/ALPIB#OTCQX">ALPIB</a>) 
Speakers: Tom Kenning, Chief Administration Officer, and Eric Gardey, Chief Financial Officer

10:30 AM ET Kish Bancorp, Inc. (OTCQX:<a class="ticker" href="https://www.benzinga.com/stock/KISB#OTCQX">KISB</a>) 
Speakers: William P. Hayes, Chairman &amp; CEO, Gregory T. Hayes, President &amp; COO, and Mark J. Cvrkel, EVP, CFO &amp; Treasurer

11:00 AM ET BankFirst Capital Corp. (OTCQX:<a class="ticker" href="https://www.benzinga.com/stock/BFCC#OTCQX">BFCC</a>) 
Speakers: Moak Griffin, Chief Executive Officer, President, and Luke Yeatman, Executive Vice President

11:30 AM ET First Resource Bank (OTCQX:<a class="ticker" href="https://www.benzinga.com/stock/FRSB#OTCQX">FRSB</a>) 
Glenn B. Marshall, President &amp; CEO

12:00 PM ET Community Bancorp, Inc. (OTCQX:<a class="ticker" href="https://www.benzinga.com/stock/CMTV#OTCQX">CMTV</a>) 
Speakers: Kathryn M. Austin, President, Chief Executive Officer, and Louise Bonvechio, Executive Vice President, Chief Financial Officer, Community National Bank Treasurer and Corporate Secretary

12:30 PM ET InsCorp, Inc. (OTCQX:<a class="ticker" href="https://www.benzinga.com/stock/IBTN#OTCQX">IBTN</a>) 
Speakers: Jim Rieniets, President &amp; CEO, and Mark Bruchas, Executive Vice President &amp; CFO

1:00 PM ET First Home Bancorp, Inc. (OTCQX:<a class="ticker" href="https://www.benzinga.com/stock/FHBI#OTCQX">FHBI</a>) 
Speaker Information to Come

Photo by <a href="https://unsplash.com/@etiennemartin?utm_source=unsplash&amp;utm_medium=referral&amp;utm_content=creditCopyText">Etienne Martin</a> on <a href="https://unsplash.com/s/photos/bank?utm_source=unsplash&amp;utm_medium=referral&amp;utm_content=creditCopyText">Unsplash</a>

The preceding post was written and/or published as a collaboration between Benzinga&rsquo;s in-house sponsored content team and a financial partner of Benzinga. Although the piece is not and should not be construed as editorial content, the sponsored content team works to ensure that any and all information contained within is true and accurate to the best of their knowledge and research. This content is for informational purposes only and not intended to be investing advice.

The following post was written and/or published as a collaboration between Benzinga&rsquo;s in-house sponsored content team and a financial partner of Benzinga.

2020 was a year of divergence in markets. Some industries, like health care and e-commerce, benefited greatly from the effects of the pandemic. Others, like energy and travel, did not.&nbsp;

Looking at the indexes that track securities on OTC Markets, there were clear pockets of strength and weakness. Here&rsquo;s a rundown of how the major OTC Markets indexes performed in 2020.

<h3>OTCQX Composite</h3>

The <a href="https://www.otcmarkets.com/index/.OTCQX">OTCQX Composite Index</a>, a benchmark for the overall OTCQX Best Market, rose 11% in 2020. Much of those gains came in the fourth quarter, as the index gained 21% during the final three months of the year.

In January, OTC Markets Group announced that 58 new companies had been added to the index, including Acreage Holdings Inc. (OTCQX:<a class="ticker" href="https://www.benzinga.com/stock/ACRHF#OTCQX">ACRHF</a>) and Grayscale Bitcoin Cash Trust (OTCQX:<a class="ticker" href="https://www.benzinga.com/stock/BCHG#OTCQX">BCHG</a>), and 40 were removed, including InMed Pharmaceuticals, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INM#NASDAQ">INM</a>) and Smith-Midland Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMID#NASDAQ">SMID</a>), which graduated to the Nasdaq on November 12 and November 17 respectively.&nbsp;

<h3>OTCQX Billion+</h3>

The <a href="https://www.otcmarkets.com/index/.OTCQXBIL">OTCQX Billion+ Index</a>, posted similar numbers. The index, which tracks the performance of the 67 companies with market caps greater than $1 billion, rose 10% for the year but was up 21.5% in Q4.&nbsp;

This index includes only the largest companies that trade on OTC Markets, many of which are multinationals with operations on multiple continents and large cash cushions such as Roche Holding Ltd (OTCQX:<a class="ticker" href="https://www.benzinga.com/stock/RHHBY#OTCQX">RHHBY</a>), BASF SE (OTCQX:<a class="ticker" href="https://www.benzinga.com/stock/BASFY#OTCQX">BASFY</a>), and Experian plc (OTCQX:<a class="ticker" href="https://www.benzinga.com/stock/EXPGY#OTCQX">EXPGY</a>).&nbsp;

<h3>OTCQX Banks</h3>

The<a href="https://www.otcmarkets.com/index/.OTCQXBK"> OTCQX Banks Index</a>, comprised of OTCQX community and regional banks, ended 2020 down 8% for the year as low interest rates weighed on the sector.&nbsp;

According to OTC Markets Group, 14 banks were added to the index in the fourth quarter. Those banks were: Blackhawk Bancorp, Inc. (OTCQX:<a class="ticker" href="https://www.benzinga.com/stock/BHWB#OTCQX">BHWB</a>); Bank of San Francisco (OTCQX:<a class="ticker" href="https://www.benzinga.com/stock/BSFO#OTCQX">BSFO</a>); CoastalSouth Bancshares, Inc. (OTCQX:<a class="ticker" href="https://www.benzinga.com/stock/COSO#OTCQX">COSO</a>); Dacotah Banks, Inc. (OTCQX:<a class="ticker" href="https://www.benzinga.com/stock/DBIN#OTCQX">DBIN</a>); First Home Bancorp, Inc (OTCQX:<a class="ticker" href="https://www.benzinga.com/stock/FHBI#OTCQX">FHBI</a>); FineMark Holdings, Inc. (OTCQX:<a class="ticker" href="https://www.benzinga.com/stock/FNBT#OTCQX">FNBT</a>); High Country Bancorp, Inc. (OTCQX:<a class="ticker" href="https://www.benzinga.com/stock/HCBC#OTCQX">HCBC</a>); InsCorp, Inc. (OTCQX:<a class="ticker" href="https://www.benzinga.com/stock/IBTN#OTCQX">IBTN</a>); &nbsp;Kish Bancorp, Inc. (OTCQX:<a class="ticker" href="https://www.benzinga.com/stock/KISB#OTCQX">KISB</a>); Mars Bancorp, Inc. (OTCQX:<a class="ticker" href="https://www.benzinga.com/stock/MNBP#OTCQX">MNBP</a>); SVB&amp;T Corporation (OTCQX:<a class="ticker" href="https://www.benzinga.com/stock/SVBT#OTCQX">SVBT</a>); Virginia National Bankshares Corporation (OTCQX:<a class="ticker" href="https://www.benzinga.com/stock/VABK#OTCQX">VABK</a>); Valley Republic Bancorp (OTCQX:<a class="ticker" href="https://www.benzinga.com/stock/VLLX#OTCQX">VLLX</a>) and White River Bancshares Company (OTCQX:<a class="ticker" href="https://www.benzinga.com/stock/WRIV#OTCQX">WRIV</a>).

<h3>OTCQX U.S.</h3>

The <a href="https://www.otcmarkets.com/index/.OTCQXUS">OTCQX U.S. Index</a>, which tracks U.S. OTCQX companies, rose 40% in 2020.&nbsp;

The outperformance of the index compared to other OTC Markets indexes should hardly be a surprise, as broad-based U.S. equity indexes as a group outperformed their global counterparts last year.&nbsp;

However in the case of the&nbsp; OTCQX U.S. Index, much of the increase was due to the index&rsquo;s exposure to cryptocurrency assets like the Grayscale Bitcoin Trust (OTCQX:<a class="ticker" href="https://www.benzinga.com/stock/GBTC#OTCQX">GBTC</a>) and Grayscale Ethereum Trust (OTCQX:<a class="ticker" href="https://www.benzinga.com/stock/ETHC#OTCQX">ETHC</a>), both of which rose to new all-time highs in the fourth quarter.&nbsp;

OTC Markets Group said 17 companies were added to the index and 21 removed at the end of the quarter.&nbsp;

<h3>OTCQX Cannabis</h3>

Cannabis companies on the OTCQX market dramatically outperformed their exchange-listed peers last year.&nbsp;

The <a href="https://www.otcmarkets.com/index/.OTCQXMJ">OTCQX Cannabis Index</a>, which tracks such securities, rose 33% in 2020 and 68% in the fourth quarter alone. That return was better than four cannabis exchange traded funds, including the largest cannabis ETF, the ETFMG Alternative Harvest ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MJ#NYSE">MJ</a>), which fell 23% last year.&nbsp;

Six new companies joined the index in Q4: 4Front Ventures Corp. (OTCQX:<a class="ticker" href="https://www.benzinga.com/stock/FFNTF#OTCQX">FFNTF</a>); PHARMACIELO LTD. (OTCQX:<a class="ticker" href="https://www.benzinga.com/stock/PCLOF#OTCQX">PCLOF</a>); Subversive Capital Acquisition Corp (OTCQX:<a class="ticker" href="https://www.benzinga.com/stock/SBVCF#OTCQX">SBVCF</a>); Skylight Health Group Inc. (OTCQX:<a class="ticker" href="https://www.benzinga.com/stock/SHGFF#OTCQX">SHGFF</a>); Terra Tech Corp. (OTCQX:<a class="ticker" href="https://www.benzinga.com/stock/TRTC#OTCQX">TRTC</a>) and The Valens Company Inc. (OTCQX:<a class="ticker" href="https://www.benzinga.com/stock/VLNCF#OTCQX">VLNCF</a>).&nbsp;

The preceding post was written and/or published as a collaboration between Benzinga&rsquo;s in-house sponsored content team and a financial partner of Benzinga. Although the piece is not and should not be construed as editorial content, the sponsored content team works to ensure that any and all information contained within is true and accurate to the best of their knowledge and research. This content is for informational purposes only and not intended to be investing advice.

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