Potomac Bancshares, Inc. Reports 2024 Fourth Quarter and Full Year Results

January 31, 2025

CHARLES TOWN, W.Va., Jan. 31, 2025 /PRNewswire/ – Potomac Bancshares, Inc. (the “Company”) (OTCPK: PTBS), the bank holding company of Bank of Charles Town (the “Bank” or “BCT”), reported unaudited consolidated net income of $2.0 million and basic and diluted earnings per common share of $0.48 for the fourth quarter of 2024 and adjusted net income(1) of $2.3 million and adjusted basic and diluted earnings per common share(1) of $0.55.

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About the Company

Potomac Bank, a wholly owned subsidiary of Potomac Bancshares, Inc. (OTCID:PTBS), was founded in 1871 as Bank of Charles Town and renamed Potomac Bank on November 3, 2025. The Company’s total assets were $981 million as of June 30, 2026. The Bank conducts operations through its nine-branch network and two loan production offices serving the Eastern Panhandle of West Virginia, Washington County, Maryland, and Northern Virginia. The Bank offers comprehensive financial solutions through its consumer and commercial banking divisions, Trust, Wealth, and BCT Investments divisions, and its Residential Lending mortgage division. The Bank is also proud to serve its communities as a Small Business Administration (SBA) Preferred Lender. Over the past several years, the Bank has received numerous awards and recognitions, including American Banker’s “Top Performing Banks” (under $2 billion in assets) and “Best Banks to Work For”, as well as the Journal-News “Best of the Best” award and the LoudounNow “Loudoun’s Favorite” award.

The Company's shares are quoted on the OTCID marketplace under the symbol "PTBS." For more information about the Bank, please visit our website at www.potomac.bank.

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