Welcome to our dedicated page for Third Century Bp news (Ticker: TDCB), a resource for investors and traders seeking the latest updates and insights on Third Century Bp stock.
Third Century Bp (TDCB) delivers comprehensive banking and financial solutions through retail services, corporate credit facilities, and strategic advisory offerings. This news hub provides investors and stakeholders with essential updates about the company's operational developments and market position.
Access timely announcements including quarterly earnings reports, leadership changes, regulatory compliance updates, and strategic partnership details. Our curated collection enables efficient tracking of TDCB's financial performance indicators and industry-specific initiatives.
Key content categories include dividend declarations, risk management framework enhancements, product portfolio expansions, and sustainability-related banking initiatives. All materials maintain factual accuracy while avoiding speculative commentary about future performance.
Bookmark this page for streamlined access to TDCB's latest financial disclosures and operational updates. Combine regular monitoring with independent research to maintain informed perspectives on the company's evolving market role.
Third Century Bancorp (TDCB), based in Indiana, declared a $0.10 per share dividend for shareholders of record on December 15, 2022, with a payment date set for January 4, 2023. As of September 30, 2022, the bank reported $272 million in assets, reinforcing its stability within the financial sector. Founded in 1890, Mutual Savings Bank operates multiple branches across Franklin, Trafalgar, and Greenwood, Indiana.
Third Century Bancorp (TDCB) reported a net income of $639,000 for Q3 2022, down 18.49% from $784,000 in Q3 2021, resulting in earnings per share of $0.55 versus $0.66. A significant decline in non-interest income, particularly from investment securities and mortgage sales, contributed to this drop. Conversely, net interest income increased by 23.49% due to rising interest rates and loan growth. Total assets rose to $272.1 million, primarily driven by a 14.78% increase in loans. However, stockholders' equity fell from $21.5 million to $7.1 million amid rising market interest rates.
Third Century Bancorp (TDCB) announced the appointment of Philip L. Powell as a new director, effective October 1, 2022. Powell, a well-known figure in the Indiana community, brings over 37 years of business experience from his role as President of Allied Technologies, Inc. His appointment fills a director seat vacated earlier this year. President and CEO David A. Coffey expressed confidence that Powell's expertise and community connections will positively impact the bank, which has over $270 million in assets.
Third Century Bancorp (TDCB) announced a dividend of $0.10 per share, declared on August 18, 2022, for shareholders of record on September 15, 2022. The payment is scheduled for October 4, 2022. With assets of $272 million as of June 30, 2022, Mutual Savings Bank, the parent company of TDCB, continues to operate multiple branches in Indiana, including locations in Franklin, Trafalgar, and Greenwood.
Third Century Bancorp (TDCB) reported net income of $574,000 for Q2 2022, up from $508,000 for Q2 2021, translating to $0.50 per basic share. This increase was driven by a $306,000 rise in net interest income, largely from a 20.73% uptick in interest income due to asset growth. However, non-interest income dropped by $302,000, largely from a 42.40% decrease in the gain on sold mortgages. Total assets grew by 12.90% to $272.7 million. Stockholders’ equity fell to $8.7 million, impacted by $13.5 million in unrealized losses from securities.
Third Century Bancorp (OTCPINK: TDCB) declared a $0.10 dividend per share for shareholders of record on June 15, 2022, with an expected payment date of July 5, 2022. The bank has $261 million in assets as of March 31, 2022, and operates in Franklin, Trafalgar, and Greenwood, Indiana. Established in 1890, Mutual Savings Bank is its primary banking institution.
Third Century Bancorp reported a net income of $367,000 for Q1 2022, down 11.35% from $414,000 in Q1 2021. Earnings per share were $0.31, compared to $0.35 a year earlier. Despite a $198,000 drop in non-interest income, primarily due to decreased mortgage loan sales amid rising interest rates, net interest income rose by $173,000, supported by lower loan loss provisions. Total assets increased by $20 million to $261.6 million, while total deposits rose by $17.3 million. Shareholder equity fell to $16.5 million.
Third Century Bancorp (TDCB) reported a net income of $634,000 for Q4 2021, a significant increase from $311,000 in Q4 2020. For the full year, net income rose 32.17% to a record $2.3 million, or $2.00 per basic share. In Q4, net interest income increased 13.83% to $1.8 million, driven by higher interest income. Total assets expanded by 15.23% to $241.6 million. Despite challenges in 2022, the company is optimistic about continued growth.
Third Century Bancorp (TDCB) announced a dividend of $0.09 per share, declared on February 17, 2022, for shareholders of record on March 15, 2022. Payment is scheduled for April 4, 2022. Founded in 1890, Mutual Savings Bank, the bank’s parent company, holds $242 million in assets as of December 31, 2021. The institution operates branches in Franklin, Trafalgar, and Greenwood, Indiana.
Third Century Bancorp (TDCB) has successfully completed a private placement of $10 million in 3.75% Fixed-to-Floating Rate Subordinated Notes due February 15, 2032. The Notes will qualify as Tier 2 capital and the net proceeds will be used for various corporate purposes, including supporting the Bank and repurchasing common stock. The interest on the Notes is fixed at 3.75% for the first five years, transitioning to a floating rate thereafter. CEO David A. Coffey remarked on the favorable terms and positive implications for growth and shareholder value.
FAQ
What is the current stock price of Third Century Bp (TDCB)?
What is the market cap of Third Century Bp (TDCB)?
