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 Bancorp (TDCB) is the Indiana-based holding company for Mutual Savings Bank, a full-service financial institution founded in 1890. This news page aggregates company-issued announcements so readers can follow how the bank’s operations and capital decisions are reflected over time.
According to its press releases, Third Century Bancorp regularly reports unaudited quarterly earnings for the periods ended March 31, June 30, and September 30, along with selected financial ratios and balance sheet data. These updates cover net income, net interest income, non-interest income and expense, provisions for credit losses, total assets, deposits, Federal Home Loan Bank advances, subordinated notes, and stockholders’ equity. Management commentary often highlights factors such as net interest margin, non-interest income, loan growth, funding costs, and asset quality.
The company also issues recurring dividend announcements, in which the Board of Directors declares cash dividends per share of common stock and specifies record and payment dates. These dividend releases typically restate key background information about Mutual Savings Bank, including its founding in 1890, its status as a full-service financial institution, and its locations in Franklin, Trafalgar, Greenwood, and Bargersville or Johnson County, Indiana.
Investors and observers can use this news feed to review Third Century Bancorp’s own description of its financial performance, capital actions, and community banking footprint. By reading the sequence of earnings and dividend announcements, users can see how management characterizes trends in earnings, balance sheet composition, and the bank’s role as a locally based financial institution in Johnson County, Indiana.
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.
Third Century Bancorp has extended its stock repurchase program to acquire the remaining 37,800 shares of common stock, initially authorized in December 2020. To date, 12,200 shares have been repurchased at an average price of $15.52 per share. The program has no expiration date and allows for purchases in various market conditions. Management will decide on share repurchases based on stock availability, market conditions, and financial performance. No additional shares will be repurchased until after the release of year-end 2021 earnings.
Third Century Bancorp (OTCPINK: TDCB) announced a dividend of
Third Century Bancorp (TDCB) reported a net income of $784,000 for Q3 2021, significantly up from $532,000 in Q3 2020, marking a 47.37% increase. Earnings per share rose to $0.66 from $0.45. The growth was driven by a $165,000 boost in net interest income and a $165,000 reduction in non-interest expenses, particularly due to lower personnel costs. Total assets rose 14.16% to $239.3 million, largely fueled by a 19.36% increase in total deposits. However, non-interest income decreased by 10.66% compared to the previous year.
Third Century Bancorp, parent company of Mutual Savings Bank, announced a dividend of $0.09 per share on August 19, 2021, for shareholders of record on September 15, 2021. The payable date for the dividend is October 4, 2021. The bank, founded in 1890, operates with $230 million in assets as of June 30, 2021, and has locations in Franklin, Trafalgar, and Greenwood, Indiana.
Third Century Bancorp (TDCB) announced a $0.09 per share dividend for shareholders of record as of June 15, 2021. The dividend will be payable on July 2, 2021. As of March 31, 2021, Mutual Savings Bank, which TDCB is the parent company of, reported $224 million in assets. This financial institution, established in 1890, has multiple branches in Indiana including Franklin, Trafalgar, and Greenwood.
FAQ
What is the current stock price of Third Century Bp (TDCB)?
What is the market cap of Third Century Bp (TDCB)?
