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 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.

Positive

• Consistent dividend payment maintained
• Strong asset growth from $4,057 to $442 million since inception
• Diversified revenue streams across personal, business, and real estate lending

Negative

• Low dividend yield at $0.04 per share quarterly

News Market Reaction

-2.43%

1 alert

-2.43% News Effect

On the day this news was published, TCBS declined 2.43%, reflecting a moderate negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

MINEOLA, Texas, Feb. 26, 2025 /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 March 24, 2025 to stockholders of record as of the close of business on March 10, 2025.  

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 $442 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.

 

 

 

View original content to download multimedia:https://www.prnewswire.com/news-releases/texas-community-bancshares-inc-announces-quarterly-cash-dividend-302386639.html

SOURCE Texas Community Bancshares, Inc.

FAQ

What is the dividend amount and payment date for TCBS's Q1 2025 dividend?

TCBS will pay a quarterly dividend of $0.04 per share on March 24, 2025, to stockholders of record as of March 10, 2025.

How many locations does Broadstreet Bank operate under TCBS?

Broadstreet Bank operates seven locations in northeast Texas.

What is the current asset size of TCBS's Broadstreet Bank?

Broadstreet Bank has grown to $442 million in assets from its initial $4,057 in 1934.

What banking services does TCBS's Broadstreet Bank offer?

Broadstreet Bank offers full-service personal and business banking, along with residential and commercial real estate lending.