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 (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.
Third Century Bancorp (TDCB) announced a net income of $414,000 for Q1 2021, a decline of 8.61% from $453,000 in Q1 2020. Earnings per share decreased to $0.35 from $0.38. The drop in net income was primarily due to a 14.87% rise in non-interest expenses, which increased by $228,000. However, non-interest income rose by 28.25% to $688,000, driven by increased gains on mortgage loan sales. Total assets grew 6.82% to $223.8 million. Stockholders' equity fell to $19.9 million, with a decrease in unrealized gains due to rising interest rates.
Third Century Bancorp (TDCB) reported a net income of $311,000 for Q4 2020, a slight decline from $321,000 in Q4 2019. For the full year, net income rose to $1,772,000, up 78.45% from $993,000 in 2019. Notable highlights include a 145.87% increase in non-interest income, largely due to gains from mortgage loan sales. Total assets increased by 19.06% to $209.6 million, driven by a significant rise in investment securities. Despite the successes, non-interest expenses rose by 34.39%, impacting the quarterly net income. The company anticipates future loan loss provisions could increase due to COVID-19 impacts.
Third Century Bancorp (TDCB) announced a $0.08 per share dividend on February 25, 2021, for shareholders of record as of March 15, 2021. The payable date is set for April 2, 2021. As of December 31, 2020, Mutual Savings Bank, the company's subsidiary, boasts $209 million in assets. Founded in 1890, the bank operates several branches in Indiana, including locations in Franklin, Trafalgar, and Greenwood.
Third Century Bancorp has launched a stock repurchase program to buy back up to 50,000 shares, representing approximately 5% of its outstanding common stock. This program is effective until December 8, 2021, and shares may be repurchased in open market or private transactions. The timing and quantity of repurchases will depend on market conditions and the company’s financial performance. Founded in 1890, the company operates Mutual Savings Bank in Indiana, offering full-service financial solutions.