Texas Community Bancshares Inc Stock Price, News & Analysis

Texas Community Bancshares (NASDAQ: TCBS) reported strong Q1 2025 financial results with a net income of $643,000, compared to a net loss of $2.7 million in Q1 2024. The company achieved earnings of $0.22 per share, marking its fourth consecutive quarter of growth. Net interest income increased by 12.3% to $3.3 million, with net interest margin improving by 45 basis points to 3.24%. The improvement was largely attributed to successful balance sheet restructuring in 2024 and ongoing efficiency projects. The board approved a new stock repurchase program for up to 5% of outstanding shares. Asset quality remained strong with classified loans at 4.72% and nonaccrual loans at 0.67%. The bank maintains a strong capital position with a leverage ratio of 11.09%, well above the 9.0% requirement for "well-capitalized" status.

Texas Community Bancshares (NASDAQ: TCBS) has announced a new stock repurchase program authorized by its Board of Directors. The program allows the company to repurchase up to 153,083 shares, representing approximately 5% of its outstanding common stock as of February 25, 2025.

The company also reported successfully completing over 85% of its previous share repurchase program, which had authorized 161,316 shares. The new repurchases will be conducted through open market purchases, including via an SEC Rule 10b5-1 trading plan, or through privately negotiated transactions, subject to market conditions.

TCBS maintains the right to suspend or discontinue the program at any time, emphasizing its commitment to maintaining financial flexibility for core operations investments.

Texas Community Bancshares (NASDAQ: TCBS), the holding company of Broadstreet Bank, has declared a quarterly cash dividend of $0.04 per share of common stock. The dividend will be paid on March 24, 2025, to stockholders of record as of March 10, 2025.

Broadstreet Bank, established in 1934, operates seven locations in northeast Texas. Starting with initial assets of $4,057 as a Savings and Loan Association, the bank has grown to $442 million in assets. The institution provides full-service personal and business banking services, along with residential and commercial real estate lending.

Texas Community Bancshares (NASDAQ: TCBS), the holding company of Broadstreet Bank, has declared a quarterly cash dividend of $0.04 per share of common stock. The dividend will be paid on December 26, 2024, to stockholders of record as of December 12, 2024. Broadstreet Bank, established in 1934, operates seven locations in northeast Texas and has grown from initial assets of $4,057 to $446 million. The bank provides full-service personal and business banking services, along with residential and commercial real estate lending.

Texas Community Bancshares (NASDAQ: TCBS), the holding company of Broadstreet Bank, SSB, has declared a quarterly cash dividend of $0.04 per share of common stock. The dividend will be payable on September 26, 2024 to stockholders of record as of September 12, 2024. Broadstreet Bank, established in 1934, has grown from $4,057 in assets to a $450 million community bank operating seven locations in northeast Texas. The bank offers full-service personal and business banking, along with residential and commercial real estate lending.

Texas Community Bancshares, the holding company of Broadstreet Bank, SSB, announced a quarterly cash dividend of $0.04 per share. The dividend will be payable on June 28, 2024, to stockholders of record as of June 14, 2024. Broadstreet Bank, established in 1934, operates seven locations in northeast Texas and has grown into a $463 million community bank. The bank offers full-service personal and business banking, as well as residential and commercial real estate lending.

Texas Community Bancshares, Inc. (NASDAQ: TCBS) reported a net loss of $2.7 million for Q1 2024, up from a $1.0 million loss in Q1 2023. Losses per share were $(0.90) in Q1 2024 compared to $(0.33) in Q1 2023. The loss was primarily due to the sale of performing loans and write-downs on pending loan sales. Net interest income rose by $331,000 to $3.0 million, while noninterest income decreased by $2.4 million, largely due to loan sales and branch demolition costs. Noninterest expenses increased by $433,000, driven by higher salaries, occupancy costs, and other expenses. Despite the challenges, the company improved its net interest margin and maintained strong asset quality. Shareholders' equity fell by $2.2 million to $51.5 million, mainly due to net losses and share repurchases.