In the market since 1866 - currently with a dividend yield of 4.6%

In the world of investing, a stable dividend yield is one of the main reasons why some investors reach for regional bank stocks. The company we'll feature today boasts a continuous dividend payout since 1989 and a current dividend yield of over 4.6%, well above the U.S. stock market average. While the quarterly dividend of $0.155 per share doesn't stand out for its growth dynamics, its stability combined with conservative management and a strong capital position make this company an attractive choice for fans of regular passive income.

Over the past year, the company has seen year-over-year revenue growth of more than 13%, while earnings per share (EPS) have increased by $0.08 year-over-year. All of this in an environment where the regional bank sector is still recovering from the shocks of 2023-2024. In addition to the solid dividend, the stock's very favorable valuation - with a relatively low P/E ratio - makes it a potentially undervalued stock.