Tc Bancshares Inc Financials
This page shows Tc Bancshares Inc (TCBC) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 4 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Financial Health Signals
Based on FY2023 annual data. Scores normalized against common benchmarks. How we calculate these scores
Tc Bancshares Inc's revenue surged 35.8% year-over-year to $20.8M, reflecting rapid business expansion. This strong growth earns a score of 100/100.
Tc Bancshares Inc has elevated debt relative to equity (D/E of 4.86), meaning the company relies heavily on borrowed funds. This high leverage results in a low score of 0/100, reflecting increased financial risk.
Tc Bancshares Inc has a free cash flow margin of 9.2%, earning a moderate score of 46/100. The company generates positive cash flow after capital investments, but with room for improvement.
Tc Bancshares Inc generates a 0.3% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 1/100. This is down from 2.1% the prior year.
Tc Bancshares Inc passes 5 of 9 financial strength tests. 3 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass, both operating efficiency signals pass.
For every $1 of reported earnings, Tc Bancshares Inc generates $15.17 in operating cash flow ($4.0M OCF vs $266K net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Key Financial Metrics
Tc Bancshares Inc generated $20.8M in revenue in fiscal year 2023. This represents an increase of 35.8% from the prior year.
Tc Bancshares Inc generated $1.9M in free cash flow in fiscal year 2023, representing cash available after capex. This represents a decrease of 53.7% from the prior year.
Tc Bancshares Inc reported $266K in net income in fiscal year 2023. This represents a decrease of 84.9% from the prior year.
Tc Bancshares Inc earned $0.06 per diluted share (EPS) in fiscal year 2023. This represents a decrease of 83.3% from the prior year.
Tc Bancshares Inc held $25.0M in cash against $0 in long-term debt as of fiscal year 2023.
Tc Bancshares Inc had 4M shares outstanding in fiscal year 2023. This represents a decrease of 10.3% from the prior year.
Tc Bancshares Inc's net profit margin was 1.3% in fiscal year 2023, showing the share of revenue converted to profit. This is down 10.2 percentage points from the prior year.
Tc Bancshares Inc's ROE was 0.3% in fiscal year 2023, measuring profit generated per dollar of shareholder equity. This is down 1.7 percentage points from the prior year.
Tc Bancshares Inc invested $2.1M in capex in fiscal year 2023, funding long-term assets and infrastructure. This represents an increase of 731.3% from the prior year.
TCBC Income Statement
| Metric | Q1'24 | Q3'23 | Q2'23 | Q4'22 | Q1'23 | Q4'21 | Q3'22 | Q2'22 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $6.0M+16.6% | $5.2M+0.8% | $5.1M+18.3% | $4.3M+29.7% | $3.4M-7.4% | $3.6M+7.3% | $3.4M+8.0% | $3.1M |
| Cost of Revenue | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Gross Profit | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Operating Income | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Interest Expense | $2.7M+43.5% | $1.9M+19.9% | $1.5M+111.1% | $731K+342.9% | $165K-9.8% | $183K-21.4% | $233K-16.6% | $280K |
| Income Tax | $3K+109.0% | -$29K-165.0% | $45K-37.9% | $73K-65.9% | $214K-10.5% | $239K+30.4% | $183K+8.5% | $169K |
| Net Income | $22K+123.5% | -$95K-164.5% | $147K+163.0% | -$233K-133.5% | $696K-1.6% | $707K+18.3% | $598K+4.8% | $570K |
| EPS (Diluted) | $0.01+150.0% | $-0.02-166.7% | $0.03+175.0% | $-0.04-128.6% | $0.14 | N/A | $0.12 | N/A |
TCBC Balance Sheet
| Metric | Q1'24 | Q3'23 | Q2'23 | Q4'22 | Q1'23 | Q4'21 | Q3'22 | Q2'22 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $474.7M+7.9% | $439.9M+3.1% | $426.7M-0.7% | $429.6M+8.0% | $397.9M+4.5% | $380.9M-1.5% | $386.7M-4.8% | $406.2M |
| Current Assets | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Cash & Equivalents | $23.8M+38.4% | $17.2M-14.6% | $20.2M-21.0% | $25.5M-52.2% | $53.4M+27.5% | $41.9M-13.2% | $48.2M-46.0% | $89.3M |
| Inventory | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Accounts Receivable | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Goodwill | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Liabilities | $396.8M+10.6% | $358.7M+4.4% | $343.5M-0.2% | $344.3M+10.5% | $311.7M+6.0% | $294.1M-2.5% | $301.5M-17.4% | $365.1M |
| Current Liabilities | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Equity | $77.8M-4.1% | $81.1M-2.5% | $83.2M-2.4% | $85.3M-1.1% | $86.2M-0.7% | $86.8M+1.9% | $85.2M+107.2% | $41.1M |
| Retained Earnings | $42.3M-3.9% | $44.0M-1.5% | $44.7M-2.6% | $45.9M+1.3% | $45.3M+1.6% | $44.6M+1.6% | $43.9M+1.4% | $43.3M |
TCBC Cash Flow Statement
| Metric | Q1'24 | Q3'23 | Q2'23 | Q4'22 | Q1'23 | Q4'21 | Q3'22 | Q2'22 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $1.4M+436.3% | $256K+118.2% | -$1.4M-263.9% | $857K-17.3% | $1.0M-39.6% | $1.7M+78.1% | $964K+341.9% | -$399K |
| Capital Expenditures | $64K-77.6% | $286K-66.7% | $859K+996.3% | $78K+10.9% | $71K+227.4% | $22K-19.8% | $27K-9.7% | $30K |
| Free Cash Flow | $1.3M+4455.6% | -$30K+98.7% | -$2.3M-390.6% | $779K-19.4% | $966K-43.0% | $1.7M+80.9% | $938K+318.8% | -$429K |
| Investing Cash Flow | -$10.8M+33.5% | -$16.3M-354.2% | -$3.6M+83.4% | -$21.5M-206.2% | -$7.0M-128.2% | -$3.1M+85.8% | -$21.6M-35.6% | -$16.0M |
| Financing Cash Flow | $8.2M-36.9% | $13.1M+985.2% | -$1.5M-106.6% | $22.5M+28.3% | $17.5M+451.0% | -$5.0M+75.5% | -$20.4M-148.9% | $41.7M |
| Dividends Paid | $223K | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | N/A | $1.9M | N/A | $351K | N/A | $0 | N/A | N/A |
TCBC Financial Ratios
| Metric | Q1'24 | Q3'23 | Q2'23 | Q4'22 | Q1'23 | Q4'21 | Q3'22 | Q2'22 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Operating Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Net Margin | 0.4%+2.2pp | -1.8%-4.7pp | 2.9%+8.2pp | -5.4%-26.1pp | 20.8%+1.2pp | 19.6%+1.8pp | 17.7%-0.5pp | 18.3% |
| Return on Equity | 0.0%-0.8pp | 0.8%+0.7pp | 0.2% | N/A | 0.8%0.0pp | 0.8%+0.1pp | 0.7%-0.7pp | 1.4% |
| Return on Assets | 0.0%+0.0pp | -0.0%-0.1pp | 0.0%+0.1pp | -0.1%-0.2pp | 0.2%-0.0pp | 0.2%+0.0pp | 0.1%+0.0pp | 0.1% |
| Current Ratio | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Debt-to-Equity | 5.10+0.7 | 4.42+0.3 | 4.13+0.1 | 4.04+0.4 | 3.62+0.2 | 3.39-0.2 | 3.54-5.3 | 8.88 |
| FCF Margin | 21.6%+22.2pp | -0.6%+43.5pp | -44.0%-62.0pp | 17.9%-10.9pp | 28.8%-18.0pp | 46.9%+19.1pp | 27.8%+41.5pp | -13.7% |
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Frequently Asked Questions
What is Tc Bancshares Inc's annual revenue?
Tc Bancshares Inc (TCBC) reported $20.8M in total revenue for fiscal year 2023. This represents a 35.8% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Tc Bancshares Inc's revenue growing?
Tc Bancshares Inc (TCBC) revenue grew by 35.8% year-over-year, from $15.3M to $20.8M in fiscal year 2023.
Is Tc Bancshares Inc profitable?
Yes, Tc Bancshares Inc (TCBC) reported a net income of $266K in fiscal year 2023, with a net profit margin of 1.3%.
What is Tc Bancshares Inc's earnings per share (EPS)?
Tc Bancshares Inc (TCBC) reported diluted earnings per share of $0.06 for fiscal year 2023. This represents a -83.3% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.
What is Tc Bancshares Inc's net profit margin?
Tc Bancshares Inc (TCBC) had a net profit margin of 1.3% in fiscal year 2023, representing the share of revenue converted into profit after all expenses.
What is Tc Bancshares Inc's return on equity (ROE)?
Tc Bancshares Inc (TCBC) has a return on equity of 0.3% for fiscal year 2023, measuring how efficiently the company generates profit from shareholder equity.
What is Tc Bancshares Inc's free cash flow?
Tc Bancshares Inc (TCBC) generated $1.9M in free cash flow during fiscal year 2023. This represents a -53.7% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Tc Bancshares Inc's operating cash flow?
Tc Bancshares Inc (TCBC) generated $4.0M in operating cash flow during fiscal year 2023, representing cash generated from core business activities.
What are Tc Bancshares Inc's total assets?
Tc Bancshares Inc (TCBC) had $466.6M in total assets as of fiscal year 2023, including both current and long-term assets.
What are Tc Bancshares Inc's capital expenditures?
Tc Bancshares Inc (TCBC) invested $2.1M in capital expenditures during fiscal year 2023, funding long-term assets and infrastructure.
How many shares does Tc Bancshares Inc have outstanding?
Tc Bancshares Inc (TCBC) had 4M shares outstanding as of fiscal year 2023.
What is Tc Bancshares Inc's debt-to-equity ratio?
Tc Bancshares Inc (TCBC) had a debt-to-equity ratio of 4.86 as of fiscal year 2023, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Tc Bancshares Inc's return on assets (ROA)?
Tc Bancshares Inc (TCBC) had a return on assets of 0.1% for fiscal year 2023, measuring how efficiently the company uses its assets to generate profit.
What is Tc Bancshares Inc's Piotroski F-Score?
Tc Bancshares Inc (TCBC) has a Piotroski F-Score of 5 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Tc Bancshares Inc's earnings high quality?
Tc Bancshares Inc (TCBC) has an earnings quality ratio of 15.17x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
How financially healthy is Tc Bancshares Inc?
Tc Bancshares Inc (TCBC) scores 37 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.