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Triad Business Bank - TBBC STOCK NEWS

Welcome to our dedicated news page for Triad Business Bank (Ticker: TBBC), a resource for investors and traders seeking the latest updates and insights on Triad Business Bank.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Triad Business Bank's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Triad Business Bank's position in the market.

Rhea-AI Summary
Triad Business Bank (TBBC) achieved a $500 million total asset milestone despite interest rate volatility. In 2023, the Bank saw a 12% increase in customer deposit transactions, expanded commercial deposit customers by 24%, and originated 151 new loans totaling $163 million. The Bank reported a net loss of $4.3 million for 2023 with a decline in net interest margin. Total interest income increased by 64% to $23.2 million, while interest expense rose by $10 million. The Bank's capital position remains strong, with regulatory capital exceeding 'Well-Capitalized' requirements.
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Rhea-AI Summary
Triad Business Bank (TBB) reported a decline in net interest margin, with a core operating loss of $403,000 in Q3 2023. The bank's assets were $498.3 million, and it facilitated over $4.2 billion in transactions. TBB's interest income increased to $6.2 million, but noninterest expense rose to $3.23 million. The bank's regulatory capital decreased by 0.27% to $59.9 million. TBB's net interest margin declined to 2.15% in Q3 2023.
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Triad Business Bank

OTC:TBBC

TBBC Rankings

TBBC Stock Data

37.02M
1.7%
Commercial Banking
Finance and Insurance
Link
US
Greensboro