Highlands Bankshares, Inc. (OTC: HBSI) announces results of operations through June 30, 2025. Highlands Bankshares, Inc., the parent company of The Grant County Bank and Capon Valley Bank, posted year to date 2025 earnings of $2,808,000 or $2.12 per share of common stock outstanding (EPS), compared to $2,121,000 or $1.59 EPS for the same period of 2024.
On July 8, 2025, the Board of Directors declared a quarterly dividend to shareholders of $0.45 per share. The dividend was payable to all shareholders of record as of July 18, 2025 and was paid on or about August 1, 2025. Based upon the current market price and annualizing the dividends paid to shareholders this quarter, Highlands’ current dividend yield is 5.14% Return on average assets (ROAA) increased in 2025 to 0.92%, as compared to 0.76% in the same period of 2024.
The return on average equity (ROAE) increased to 8.79% at June 30, 2025, as compared to 7.43% at June 30, 2024. Total assets, as of June 30, 2025, increased $29,085,000 to $608,645,000 compared to December 31, 2024. Total liabilities increased $26,432,000 as of June 30, 2025 to $544,773000 compared to December 31, 2024 as a result of deposit growth. Shareholders’ Equity at June 30, 2025 was $63,872,000 or $48.16 per outstanding share, compared to December 31, 2024 of $61,282,000 or $45.84 per outstanding share.
Jack H. Walters, Chairman and Chief Executive Officer of the holding company, stated, “We are pleased to present improved results for Q2 2025 compared to the year ago quarter. Results were positively impacted by a 14% improvement in net interest margin over the linked quarter as deposit costs have stabilized during the first six months of 2025. We continued to see good loan growth across all segments along with excellent deposit growth. We believe this is due to our business model of building relationships with customers who value our community driven banking model and appreciate the ability to easily connect with their bankers who live and work in their communities.”
Highlands Bankshares, Inc. is listed on the OTC market under the symbol HBSI (http://www.otcmarkets.com). Highlands Bankshares, Inc. currently 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. Capon Valley Bank will be opening the new Winchester North branch, located in Winchester, Virginia, in late 2025.
