Texas Community Bancshares, Inc. Announces Declaration of Quarterly Cash Dividend

Rhea-AI Summary

Texas Community Bancshares, Inc. (NASDAQ: TCBS) declared a quarterly cash dividend of $0.02 per share, marking the first dividend payment since its NASDAQ listing in July 2021. The dividend will be paid on March 24, 2023, to shareholders of record as of March 10, 2023. Texas Community Bancshares, the holding company for Mineola Community Bank, has seen significant growth since its establishment in 1934, expanding from $4,057 in assets to $417 million. The bank operates six branches in northeast Texas, providing a range of banking services.

Positive

• Declared first dividend since NASDAQ listing
• Quarterly cash dividend of $0.02 per share
• Strong asset growth from $4,057 to $417 million since 1934
• Established community presence with six locations in northeast Texas

Negative

• None.

News Market Reaction – TCBS

-0.41%

-0.41% Session move

In the trading session that priced this news, TCBS declined 0.41%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

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MINEOLA, Texas, Feb. 22, 2023 /PRNewswire/ -- Texas Community Bancshares, Inc. (the "Company") (NASDAQ: "TCBS"), the holding company of Mineola Community Bank, S.S.B., announced today that its Board of Directors has declared the payment of a quarterly cash dividend in the amount of $0.02 per share of common stock. The dividend will be payable on or about March 24, 2023 to stockholders of record as of the close of business on March 10, 2023. This will be the first dividend paid since the Company's listing on the NASDAQ in July 2021.

About Texas Community Bancshares, Inc. and Mineola Community Bank, S.S.B.

Texas Community Bancshares is the holding company for Mineola Community Bank, S.S.B., a Texas-chartered savings bank that operates six locations in northeast Texas. Established in 1934, Mineola Community Bank opened as a Savings and Loan Association with $4,057 in assets and has since grown into a $417 million dollar community bank. The Bank leverages more than eighty-eight years of proven strength in creating financial opportunities for the communities it serves by offering full-service personal and business banking to consumers along with residential and commercial real estate lending. For more information on the Bank, or to view investor relations for the Company, visit www.mineolacb.com.

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SOURCE Texas Community Bancshares, Inc.

FAQ

What is the dividend amount announced by TCBS?

Texas Community Bancshares, Inc. announced a dividend of $0.02 per share.

When will the dividend be paid to shareholders of TCBS?

The dividend will be paid on March 24, 2023.

What is the record date for TCBS's dividend payment?

The record date for the dividend payment is March 10, 2023.

When did TCBS list on NASDAQ?

Texas Community Bancshares, Inc. listed on NASDAQ in July 2021.