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.

TC BANCSHARES INC (TCBC) Financials

TCBC

Trailing 12 months to March 31, 2024

Revenue $14.8M -8.5% YoY

Net Income -$44K -103.1% YoY

EPS (Diluted) $0.00 -100.0% YoY

Free Cash Flow -$512K -107.4% YoY

Source SEC Filings (10-K/10-Q) Latest period Q1 FY2024, ended Mar 31, 2024 Reported May 10, 2024 Currency USD FYE December

Newest figures come from the 10-Q for Q1 FY2024, filed May 10, 2024. Each column of the statement tables below links to the filing it was taken from.

TC BANCSHARES INC (TCBC) reported $14.8M in revenue over the twelve months to Mar 31, 2024, down 8.5% from the prior twelve months. This page shows its 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).

Rhea AI TCBC FY2023 2026-09-05

Balance-sheet expansion is increasingly pressured by interest costs and weaker earnings conversion at TC Bancshares.

FY2023 operating cash flow of $4.0M remained well above net income of $266K, but free cash flow fell to $1.9M as capital expenditures reached $2.1M. That combination suggests reported earnings understated cash generation, while reinvestment absorbed nearly half of operating cash and limited the amount available after business spending.

The sharp deterioration in profitability was driven more by financing cost than by revenue: interest expense rose to $6.9M in FY2023 while revenue declined 5.3%. Net margin consequently compressed to 1.8% from 11.1% in FY2022, indicating that the earnings base is highly sensitive to funding costs.

Assets expanded to $466.6M as liabilities reached $386.9M, while equity fell to $79.6M. The resulting 4.9x debt-to-equity ratio, up from 4.0x, shows that growth was financed faster than the capital cushion grew; financing cash inflows of $33.0M also exceeded free cash flow.

Financial Health Signals

Financial health score not available

TC BANCSHARES INC does not currently provide enough eligible data for a peer-relative financial health score, so none is published. The signals and metrics below are current.

Piotroski F-Score Partial

4/6

TC BANCSHARES INC passes 4 of 6 computable financial strength tests (3 of the nine could not be computed from available data). 3 of 4 profitability signals pass, all 1 leverage/liquidity signals pass, neither operating efficiency signal passes.

Earnings Quality Cash-Backed

15.17x

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

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Earnings & Revenue

Revenue

$3.6M

YoY-8.1%

QoQ0.0%

TC BANCSHARES INC generated $3.6M in revenue in Q1 2024. This represents a decrease of 8.1% from the same quarter a year earlier. It is unchanged from the prior quarter.

Net Income

$22K

YoY-93.3%

QoQ+118.8%

TC BANCSHARES INC reported $22K in net income in Q1 2024. This represents a decrease of 93.3% from the same quarter a year earlier. Against the prior quarter it is up 118.8%.

EPS (Diluted)

$0.01

TC BANCSHARES INC earned $0.01 per diluted share (EPS) in Q1 2024.

EBITDA

Not reported for Q1 2024.

Cash & Balance Sheet

Free Cash Flow

$1.3M

YoY-64.9%

QoQ+176.3%

TC BANCSHARES INC generated $1.3M in free cash flow in Q1 2024, representing cash available after capex. This represents a decrease of 64.9% from the same quarter a year earlier. Against the prior quarter it is up 176.3%.

Cash & Debt

$23.8M

YoY-10.5%

QoQ-4.8%

TC BANCSHARES INC held $23.8M in cash as of Q1 2024; long-term debt is not reported for that period.

Shares Outstanding

TC BANCSHARES INC had 4M shares outstanding in Q1 2024.

Dividends Per Share

Not reported for Q1 2024.

Margins & Returns

Net Margin

0.6%

YoY-7.8pp

QoQ+3.9pp

TC BANCSHARES INC's net profit margin was 0.6% in Q1 2024, showing the share of revenue converted to profit. This is down 7.8 percentage points from the same quarter a year earlier. Against the prior quarter it is up 3.9 percentage points.

Return on Equity

0.0%

YoY-0.4pp

QoQ+0.2pp

TC BANCSHARES INC's ROE was 0.0% in Q1 2024, measuring profit generated per dollar of shareholder equity. This is down 0.4 percentage points from the same quarter a year earlier. Against the prior quarter it is up 0.2 percentage points.

Gross Margin

Not reported for Q1 2024.

Operating Margin

Not reported for Q1 2024.

Capital Allocation

Capital Expenditures

$64K

YoY-93.1%

QoQ+42.2%

TC BANCSHARES INC invested $64K in capex in Q1 2024, funding long-term assets and infrastructure. This represents a decrease of 93.1% from the same quarter a year earlier. Against the prior quarter it is up 42.2%.

R&D Spending

Not reported for Q1 2024.

Share Buybacks

Not reported for Q1 2024.

TCBC Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

TCBC quarterly income statement

Metric	TTM	FY2310-K	FY2210-K	FY2110-K	FY2010-K
Revenue	$14.8M	$15.1M-5.3%	$15.9M+3.4%	$15.4M+20.8%	$12.8M
SG&A Expenses	$8.6M	$8.5M+7.9%	$7.9M+6.4%	$7.4M+15.3%	$6.4M
Interest Expense	$8.3M	$6.9M+407.9%	$1.4M+33.4%	$1.0M-57.0%	$2.4M
Income Tax	-$10K	$108K-84.0%	$675K-17.9%	$823K+1970.3%	$40K
Net Income	-$44K	$266K-84.9%	$1.8M-33.3%	$2.6M+758.3%	$308K
EPS (Basic)	N/A	$0.06-83.3%	$0.36+33.3%	$0.27	N/A
EPS (Diluted)	$0.00	$0.06-83.3%	$0.36	$0.27	N/A
Diluted Shares (Avg)	N/A	5M-1.8%	5M	4M	N/A

Metric	Q1'2410-Q	Q4'2310-Q	Q3'2310-Q	Q2'2310-Q	Q1'2310-Q	Q4'2210-K	Q3'2210-Q	Q2'2210-Q
Revenue	$3.6M-8.1%	$3.6M-9.2%	$3.6M-14.1%	$3.9M-2.1%	$3.9M+5.3%	$4.0M-2.3%	$4.2M+7.5%	$4.0M+10.0%
SG&A Expenses	$2.1M+1.5%	$2.0M-13.1%	$2.3M+17.1%	$2.2M+14.6%	$2.1M+18.3%	$2.3M+24.3%	$1.9M+1.9%	$1.9M-2.5%
Interest Expense	$2.7M+110.4%	$2.2M+205.6%	$1.9M+552.4%	$1.5M+773.2%	$1.3M+664.4%	$731K+299.3%	$284K+21.7%	$177K-36.8%
Income Tax	$3K-97.8%	-$29K-139.0%	-$29K-113.9%	$45K-74.2%	$121K-43.5%	$73K-69.4%	$212K+15.7%	$176K+4.1%
Net Income	$22K-93.3%	-$118K+49.2%	-$95K-113.5%	$147K-75.3%	$332K-52.3%	-$233K-132.9%	$703K+17.6%	$594K+4.3%
EPS (Basic)	$0.01-85.7%	-$0.02+60.0%	-$0.02-114.3%	$0.03-75.0%	$0.07-50.0%	-$0.05-133.3%	$0.14+16.7%	$0.12
EPS (Diluted)	$0.01	-$0.02+60.0%	-$0.02-114.3%	$0.03-75.0%	$0.07-50.0%	-$0.05-133.3%	$0.14+16.7%	$0.12
Diluted Shares (Avg)	4M	N/A	5M-2.9%	5M-0.6%	5M+1.5%	N/A	5M+26.7%	5M

Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, R&D Expenses, Operating Income, EBITDA.

TCBC Balance Sheet

TCBC quarterly balance sheet

Metric	FY2310-K	FY2210-K	FY2110-K	FY2010-K
Total Assets	$466.6M+8.6%	$429.6M+12.8%	$380.9M+8.9%	$349.9M
Cash & Equivalents	$25.0M-2.0%	$25.5M-39.0%	$41.9M0.0%	$41.9M
Short-Term Investments	$0	$0	$0	$0
Long-Term Investments	$0	$0	$0	$0
Total Liabilities	$386.9M+12.4%	$344.3M+17.1%	$294.1M-5.1%	$310.1M
Total Equity	$79.6M-6.6%	$85.3M-1.8%	$86.8M+117.8%	$39.9M
Retained Earnings	$42.9M-6.6%	$45.9M+2.8%	$44.6M+6.3%	$42.0M

Metric	Q1'2410-Q	Q4'2310-Q	Q3'2310-Q	Q2'2310-Q	Q1'2310-Q	Q4'2210-K	Q3'2210-Q	Q2'2210-Q
Total Assets	$474.7M+10.5%	$466.6M+8.6%	$439.9M+8.3%	$426.7M-1.1%	$429.7M+8.0%	$429.6M+12.8%	$406.2M+5.0%	$431.4M+6.2%
Cash & Equivalents	$23.8M-10.5%	$25.0M-2.0%	$17.2M-27.4%	$20.2M-65.5%	$26.6M-50.1%	$25.5M-39.0%	$23.7M-50.8%	$58.5M-34.6%
Short-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0
Long-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0
Total Liabilities	$396.8M+15.4%	$386.9M+12.4%	$358.7M+11.6%	$343.5M-0.7%	$343.9M+10.3%	$344.3M+17.1%	$321.6M+6.6%	$345.8M-5.3%
Total Equity	$77.8M-9.3%	$79.6M-6.6%	$81.1M-4.1%	$83.2M-2.7%	$85.8M-0.4%	$85.3M-1.8%	$84.6M-0.6%	$85.5M+108.1%
Retained Earnings	$42.3M-7.1%	$42.9M-6.6%	$44.0M-5.0%	$44.7M-2.1%	$45.6M+0.6%	$45.9M+2.8%	$46.4M+5.6%	$45.7M+5.4%

Not reported in any period shown, so not listed: Current Assets, Inventory, Accounts Receivable, Goodwill, Current Liabilities, Non-Current Liabilities, Long-Term Debt.

TCBC Cash Flow Statement

TCBC quarterly cash flow statement

Metric	TTM	FY2310-K	FY2210-K	FY2110-K	FY2010-K
Operating Cash Flow	$741K	$4.0M-7.8%	$4.4M+10.8%	$3.9M+709.5%	-$648K
Depreciation & Amortization	N/A	$468K+34.5%	$348K-4.9%	$366K+6.4%	$344K
Stock-Based Compensation	N/A	$711K-14.0%	$827K	$0	N/A
Capital Expenditures	$1.3M	$2.1M+731.3%	$256K+73.6%	$147K-67.9%	$460K
Free Cash Flow	-$512K	$1.9M-53.7%	$4.1M+8.4%	$3.8M+443.3%	-$1.1M
Investing Cash Flow	-$48.9M	-$37.5M+46.1%	-$69.6M-109.9%	-$33.2M-274.7%	-$8.9M
Financing Cash Flow	$45.4M	$33.0M-32.6%	$48.9M+67.2%	$29.2M+7.6%	$27.2M
Share Buybacks	N/A	N/A	$1.1M	$0	N/A

Metric	Q1'2410-Q	Q4'2310-Q	Q3'2310-Q	Q2'2310-Q	Q1'2310-Q	Q4'2210-K	Q3'2210-Q	Q2'2210-Q
Operating Cash Flow	$1.4M-70.6%	$519K-39.5%	$256K-56.1%	-$1.4M-174.1%	$4.7M+349.8%	$857K-50.1%	$583K-39.6%	$1.9M+575.6%
Depreciation & Amortization	$137K-11.3%	-$12K+80.1%	$206K+39.5%	$119K-11.4%	$154K+23.0%	-$60K-267.5%	$148K+28.5%	$135K+20.9%
Stock-Based Compensation	$193K	N/A	N/A	N/A	$0	N/A	N/A	N/A
Capital Expenditures	$64K-93.1%	$45K-42.4%	$286K+265.8%	$859K+2905.6%	$936K+1225.0%	$78K+263.1%	$78K+190.7%	$29K-4.1%
Free Cash Flow	$1.3M-64.9%	$473K-39.2%	-$30K-106.0%	-$2.3M-221.2%	$3.7M+285.8%	$779K-54.1%	$505K-46.2%	$1.9M+535.9%
Investing Cash Flow	-$10.8M-1897.2%	-$18.3M+15.1%	-$16.3M-58.5%	-$3.6M+88.4%	$602K+108.6%	-$21.5M-599.0%	-$10.3M+52.6%	-$30.8M-93.0%
Financing Cash Flow	$8.2M+297.1%	$25.6M+13.8%	$13.1M+152.1%	-$1.5M-104.3%	-$4.2M-123.8%	$22.5M+550.3%	-$25.0M-22.8%	$34.0M-18.5%
Dividends Paid	$223K-11.6%	N/A	N/A	N/A	$252K	N/A	N/A	N/A
Share Buybacks	N/A	N/A	$1.9M+156.0%	N/A	N/A	$351K	$734K	N/A

TCBC Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

TCBC quarterly financial ratios

Metric	FY2310-K	FY2210-K	FY2110-K	FY2010-K
Net Margin	1.8%-9.3pp	11.1%-6.1pp	17.2%+14.7pp	2.4%
Return on Equity	0.3%-1.7pp	2.1%-1.0pp	3.0%+2.3pp	0.8%
Return on Assets	0.1%-0.4pp	0.4%-0.3pp	0.7%+0.6pp	0.1%
Debt-to-Equity	4.86+0.8x	4.04+0.6x	3.39-4.4x	7.78
Asset Turnover	0.030.0x	0.040.0x	0.040.0x	0.04
FCF Margin	12.6%-13.2pp	25.9%+1.2pp	24.7%+33.4pp	-8.7%

Metric	Q1'2410-Q	Q4'2310-Q	Q3'2310-Q	Q2'2310-Q	Q1'2310-Q	Q4'2210-K	Q3'2210-Q	Q2'2210-Q
Net Margin	0.6%-7.8pp	-3.3%+2.6pp	-2.6%-19.3pp	3.8%-11.2pp	8.4%-10.1pp	-5.8%-23.1pp	16.7%+1.4pp	15.0%-0.8pp
Return on Equity	0.0%-0.4pp	-0.1%+0.1pp	-0.1%-0.9pp	0.2%-0.5pp	0.4%-0.4pp	-0.3%-1.1pp	0.8%+0.1pp	0.7%-0.7pp
Return on Assets	0.0%-0.1pp	0.0%0.0pp	0.0%-0.2pp	0.0%-0.1pp	0.1%-0.1pp	-0.1%-0.2pp	0.2%0.0pp	0.1%0.0pp
Debt-to-Equity	5.10+1.1x	4.86+0.8x	4.42+0.6x	4.13+0.1x	4.01+0.4x	4.04+0.6x	3.80+0.3x	4.04-4.8x
Asset Turnover	0.010.0x	0.010.0x	0.010.0x	0.010.0x	0.010.0x	0.010.0x	0.010.0x	0.010.0x
FCF Margin	36.1%-58.3pp	13.1%-6.5pp	-0.8%-12.8pp	-58.3%-105.4pp	94.4%+68.6pp	19.5%-21.9pp	12.0%-12.0pp	47.1%+59.0pp

Not reported in any period shown, so not listed: Gross Margin, Operating Margin, Current Ratio.

Similar Companies

Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.

Company	Fiscal year	Revenue	Net income	Net margin	Market cap	Health score
TC BANCSHARES INC TCBC	FY2023	$15.1M	$266K	1.8%	$90.5M	—
PEOPLES FINCL CORP MISS PFBX	FY2025	$27.5M	$3.9M	14.2%	$110.8M	—

Where TC BANCSHARES INC Ranks

Frequently Asked Questions

What is TC BANCSHARES INC's annual revenue?

TC BANCSHARES INC (TCBC) reported $15.1M in total revenue for fiscal year 2023. This represents a -5.3% 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 declined by 5.3% year-over-year, from $15.9M to $15.1M 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 1.8%.

What is TC BANCSHARES INC's net profit margin?

TC BANCSHARES INC (TCBC) had a net profit margin of 1.8% 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 4 out of 6 computable signals; 3 of the nine could not be computed from available data, so the full-scale strength rating is not shown. 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 to 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.