Bank of Botetourt Exceeds Budget Expectations, Records Profitable 2024; Board Votes to Increase Dividend 12.5%
Buchanan-based Bank of Botetourt (OTCPK: BORT and BORTP) announced today its unaudited financial results for the three and twelve months ended December 31, 2024. The Bank produced net income amounting to $1,954,000 or $0.94 per basic share in the fourth quarter. This amount compares to net income of $1,800,000 or $0.86 per share, for the same period last year. For the twelve months ended December 31, 2024, the Bank produced net income amounting to $7,942,000 or $3.82 per basic share. This amount