[Corrected Press Release] JD Bancshares, Inc. Announces Q2 2025 Financial Results

Jennings, LA., July 31, 2025 (ACCESSWIRE) – JD Bancshares, Inc. (the “Company”), (OTCQX: JDVB), the parent holding company of JD Bank (the “Bank”), is re-issuing in its entirety its press release providing its unaudited financial results for the three and six- month periods ended June 30, 2025 to correct the consolidated quarterly income statement and associated financial metrics and ratios.

Net income for the three-month period ended June 30, 2025 is $2,926,582 or $0.85 per common share compared to $2,925,651 or $0.85 per common share for the linked quarter ended March 31, 2025 and $3,028,833 or $0.88 per share for the prior year quarter ended June 30, 2024. Pre-tax, pre-provision operating income (PTPPOI) for the quarter ended June 30, 2025 is $3,843,052 compared to $3,612,441 for the linked quarter and $3,951,414 for the prior year quarter. PTPPOI excludes taxes, provision for credit losses, net losses on the sale of other real estate owned (OREO), net losses on the sale of investment securities and other non-recurring expense items. The $231,000 increase in the current quarter PTPPOI compared to the linked quarter is due to a $654,000 increase in net interest income and a $135,000 increase in recurring non-interest income, partially offset by a $558,000 increase in recurring non-interest expense. The $108,000 decrease between current and prior year PTPPOI is due to a $569,000 increase in net interest income, offset by a $60,000 decrease in recurring noninterest income and an increase in recurring non-interest expenses of $617,000.

For the six-month period ended June 30, 2025, net income is $5,852,233 or $1.71 per share compared to $6,681,230 or $1.95 per share for the prior year comparative period. PTPPOI for the current six-month period is $7,455,493 compared to $7,660,660 for the prior year period. The $205,000 decrease is primarily due to a $611,000 increase in net interest income, offset by a $133,000 decrease in recurring noninterest income, and a $683,000 increase in noninterest expenses.

Paul E. Brummett, II CEO, commented, “I am pleased to report the quarterly earnings and continued momentum for the Company. We experienced growth in loans and deposits while our net interest margin continued to improve. Asset quality is very solid as past dues continued to decline for the current period. As we look forward, our strong capital, disciplined credit culture and outstanding team have the Company well positioned for the future.”

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About JD Bancshares, Inc.

JD Bancshares, Inc. is the bank holding company of JD Bank, a state chartered bank headquartered in Jennings, Louisiana. JD Bank offers a variety of personal and commercial lending and deposit products through both physical and digital delivery channels. The Bank also offers both trust and investment services. JD Bank operates through 21 full service branch offices located along the Interstate 10 corridor from Lake Charles to Lafayette, Louisiana.

JD Bancshares, Inc. (OTCQX: JDVB) trades on the OTCQX Best Market. Companies meet high financial standards, follow best practice corporate governance, demonstrate compliance with U.S. securities laws, and have a professional third-party sponsor introduction. Investors can find current financial disclosure and Real-Time Level 2 quotes for the Company on www.otcmarkets.com\