Welcome to our dedicated page for Texas Community Bancshares news (Ticker: TCBS), a resource for investors and traders seeking the latest updates and insights on Texas Community Bancshares stock.
Texas Community Bancshares, Inc. (NASDAQ: TCBS) is the holding company for Broadstreet Bank, SSB, a Texas-chartered savings bank with seven locations in northeast Texas. This news page aggregates company-issued updates and regulatory disclosures so readers can follow how the community banking franchise and its parent evolve over time.
News about Texas Community Bancshares often focuses on financial performance, capital management, and community banking operations
Investors can also find announcements about cash dividends and stock repurchase programs. The Board of Directors has declared quarterly cash dividends and special cash dividends on the company’s common stock, and has authorized multiple stock repurchase programs allowing the repurchase of up to approximately 5% of outstanding shares under each program. Press releases describe the size of each authorization, the methods of repurchase, and the status of prior programs.
Another recurring news theme is executive and governance developments. Recent communications have covered a Chief Financial Officer transition, including the retirement of the prior CFO, related transition and consulting arrangements, and the appointment of a new CFO with community banking and finance experience. These updates are often accompanied by Form 8-K filings that provide additional detail.
Because Texas Community Bancshares operates through a community bank with a long history in northeast Texas, news items may also reference investments in technology, new banking products, and changes in branch-related properties. Readers interested in TCBS can use this page to review the company’s official announcements, financial trends, and corporate actions over time.
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.
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