Texas Community Bancshares, Inc. Announces Quarterly Cash Dividend

Rhea-AI Summary

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.

Positive

• Consistent dividend payment indicating financial stability
• Strong asset growth to $446 million from initial $4,057
• Established presence with seven locations in northeast Texas

Negative

• Relatively low dividend amount of $0.04 per share

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MINEOLA, Texas, Nov. 19, 2024 /PRNewswire/ -- Texas Community Bancshares, Inc. (the "Company") (NASDAQ: "TCBS"), the holding company of Broadstreet Bank, SSB, announced today that its Board of Directors has declared the payment of a quarterly cash dividend in the amount of $0.04 per share of common stock. The dividend will be payable on or about December 26, 2024 to stockholders of record as of the close of business on December 12, 2024.  

About Texas Community Bancshares, Inc. and Broadstreet Bank, SSB
Texas Community Bancshares is the holding company for Broadstreet Bank, SSB, a Texas-chartered savings bank that operates seven locations in northeast Texas.  Established in 1934, Broadstreet Bank opened as a Savings and Loan Association with $4,057 in assets and has since grown into a $446 million dollar community bank. The Bank leverages ninety 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.broadstreet.bank.

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SOURCE Texas Community Bancshares, Inc.

FAQ

What is the dividend amount for TCBS stock in Q4 2024?

Texas Community Bancshares (TCBS) declared a quarterly cash dividend of $0.04 per share for Q4 2024.

When is the dividend payment date for TCBS shareholders?

The dividend will be paid on December 26, 2024, to stockholders of record as of December 12, 2024.

What is the current asset value of Broadstreet Bank (TCBS)?

Broadstreet Bank currently has assets of $446 million, growing from its initial $4,057 in 1934.

How many locations does TCBS's Broadstreet Bank operate?

Broadstreet Bank operates seven locations throughout northeast Texas.