Texas Community Bancshares, Inc. Announces Quarterly Cash Dividend

Rhea-AI Summary

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.

Positive

• Declared quarterly cash dividend of $0.04 per share
• Consistent dividend payments indicate financial stability
• Growth from $4,057 in assets to $450 million demonstrates long-term success

Negative

• None.

News Market Reaction

+1.43%

1 alert

+1.43% News Effect

On the day this news was published, TCBS gained 1.43%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

MINEOLA, Texas, Aug. 27, 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 September 26, 2024 to stockholders of record as of the close of business on September 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 $450 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 amount of Texas Community Bancshares' (TCBS) quarterly dividend for 2024?

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

When will Texas Community Bancshares (TCBS) pay its latest quarterly dividend?

The quarterly dividend will be payable on or about September 26, 2024 to stockholders of record as of the close of business on September 12, 2024.

How many locations does Broadstreet Bank, a subsidiary of Texas Community Bancshares (TCBS), operate?

Broadstreet Bank, SSB, a subsidiary of Texas Community Bancshares (TCBS), operates seven locations in northeast Texas.

What is the current asset size of Broadstreet Bank, owned by Texas Community Bancshares (TCBS)?

Broadstreet Bank, owned by Texas Community Bancshares (TCBS), has grown into a $450 million community bank since its establishment in 1934.