Pacific Financial Corp Earns $2.4 Million, or $0.24 per Diluted Share for First Quarter 2025; Board of Directors Approves 5% Stock Buyback Plan; Declares Quarterly Cash Dividend of $0.14 per Share

ABERDEEN, Wash., April 25, 2025 (GLOBE NEWSWIRE) -- Pacific Financial Corporation (OTCQX: PFLC), (“Pacific Financial”) or the (“Company”), the holding company for Bank of the Pacific (the “Bank”), reported net income of $2.4 million, or$ 0.24 per diluted share for the first quarter of 2025, compared to $2.2 million, or$ 0.21 per diluted share for the fourth quarter of 2024, and $2.7 million, or$ 0.26 per diluted share for the first quarter of 2024. Current quarter net income includes a provision for credit ...