Welcome to our dedicated page for Triad Business B news (Ticker: TBBC), a resource for investors and traders seeking the latest updates and insights on Triad Business B stock.
Triad Business Bank (TBBC) provides specialized financial services to small and midsize enterprises across North Carolina's Triad region. This news hub offers investors and stakeholders timely access to official announcements, strategic updates, and regulatory developments.
Track all essential updates in one centralized location, including quarterly earnings reports, leadership changes, partnership announcements, and regulatory filings. Our curated collection ensures you stay informed about TBBC's commercial lending initiatives, treasury management solutions, and market positioning.
Key updates include new product launches, branch network expansions, and financial performance metrics. Discover how TBBC maintains its focus on personalized business banking while navigating evolving industry trends through verified press releases and authorized statements.
Bookmark this page for convenient access to primary source materials about Triad Business Bank's operations. Check regularly for the latest developments impacting the bank's services in Greensboro, High Point, Winston-Salem, and surrounding communities.
Triad Business Bank reported a significant turnaround in Q1 2025, posting a net income of $199,000 compared to a loss of $101,000 in Q1 2024. The bank's performance improved through:
- Net interest margin increase to 2.27% (up 17 basis points)
- Net interest income growth to $2.9 million (up $247,000)
- 13% reduction in personnel expenses
The bank's loan portfolio grew by $15.2 million to $374.4 million, with 48% in commercial and industrial loans. Total assets stood at $521.2 million, while deposits decreased by $23.9 million. The bank maintains "well-capitalized" status with total capital ratio of 12.34%. Notable improvements include zero non-performing loans and a positive outlook for margin growth as lower-yielding assets mature and are replaced with higher-yielding investments.
Triad Business Bank (TBBC) has revised its unaudited financial results for 2024, increasing its allowance for credit loss on a downgraded publicly traded corporate bond from $1.1 million to $2.6 million. This adjustment has resulted in a revised net loss of $4.3 million for the 2024 fiscal year.
Despite the increased loss provision, the bank maintains a strong regulatory capital position of $61.6 million, representing 12.48% of risk-weighted assets as of December 31, 2024.
Triad Business Bank (TBBC) reported a net loss of $1.4 million in Q4 2024, primarily due to a $1.7 million provision for credit losses, including a $1.1 million reserve for a corporate bond. Despite the loss, the bank showed improvement in core operating income, reaching $299,000 in Q4 2024 compared to a loss of $478,000 in Q4 2023.
Key financial metrics include:
- Net interest income increased $376,000 to $3.0 million
- Net interest margin improved to 2.27% from 2.09%
- Total assets grew to $525.2 million
- Loans increased by $39.5 million to $373.7 million
- Total regulatory capital remained strong at $63.1 million (12.78% of risk-weighted assets)
The bank successfully reduced operating expenses, with noninterest expense decreasing $368,000 (11%) year-over-year. Employee count decreased from 62 to 56, and the bank completed a $6.0 million common stock offering in June 2024.
Triad Business Bank (OTC Pink: TBBC) announced its unaudited Q2 2024 results. Key highlights include:
- Raised $6.0 million in additional capital
- Reduced annual operating costs by $2.0 million
- Net loss of $611,000 for Q2 2024
- Loan balances increased by $4.2 million to $363.4 million
- Added 26 new business relationships in Q2
- Shareholders' equity increased $6.5 million
- Total capital levels at 13.3% of risk-weighted assets
The bank aims to achieve profitability in the final two quarters of 2024. Net interest income increased to $2.7 million, while the net interest margin slightly decreased to 2.08%. The bank's loan portfolio grew 18% annualized through the first six months of 2024.
Triad Business Bank (TBBC) announced unaudited first quarter 2024 results, showing a net loss of $101,000, an improvement from the previous quarter. The Bank saw positive trends with increased capital levels, loan balances, and deposit relationships. Management outlined a plan to improve profitability by focusing on core deposits, making strategic loans, and reducing expenses. Despite challenges in 2023, the Bank is committed to enhancing customer service and financial stability.
Triad Business Bank completed its second full year of operations by achieving profitability in two quarters of 2022. The Bank reported net revenue of $12.1 million and core operating earnings of $1.0 million. The fourth quarter of 2022 showed a net income of $79,000, contrasting with a net loss of $537,000 in Q4 2021. Core loans surged 62% to $272.2 million, while total assets rose 19% to $445.1 million. AOCI showed a loss of $20.1 million. Management expects continued growth in loans and deposits and increased profitability in 2023.
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