Thomasville Bancshares, Inc. Announces Earnings, Cash Dividend, and Stock Repurchase Program
Rhea-AI Summary
Thomasville Bancshares (OTCID: THVB) reported strong Q1 2026 results, announcing an 18% rise in net income to $12,413,453, EPS of $1.96 (basic), and a $1.50 per share cash dividend payable July 2, 2026.
The board also authorized a stock repurchase program of up to $5 million through January 2027. Total assets reached $2.095 billion and loans grew 12% year-over-year to $1.788 billion.
Positive
- Net income +18% to $12,413,453 in Q1 2026
- Loans grew $196 million, +12% year-over-year
- Announced cash dividend of $1.50 per share payable July 2, 2026
- Authorized up to $5 million common stock repurchase through Jan 2027
- Total assets reached $2.095 billion, up $196 million year-over-year
Negative
- None.
News Market Reaction – THVB
In the Apr 16 session, THVB gained 3.15%, reflecting a moderate positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
AI-generated analysis. How Rhea-AI works. Not financial advice.
THOMASVILLE, Ga., April 16, 2026 (GLOBE NEWSWIRE) -- Thomasville Bancshares, Inc. (OTCID: THVB), the parent company of Thomasville National Bank and TNB Financial Services, reported its financial results for the first quarter ended March 31, 2026. The company also announced its Board of Directors approved a cash dividend of
First-Quarter 2026 Highlights
- Net Income for the quarter of
$12,413,453 compared to$10,503,378 for the same period last year, an increase of18% . - Earnings per share for the quarter were
$1.96 (basic) and$1.86 (diluted). - Pre-tax pre-provision income of
$16.9 million , an increase of$2.4 million , or16% , compared to the same period in 2025. - Return on Average Assets of
2.44% and Return on Average Tangible Equity of24.66% . - Total Assets of
$2.095 billion , an increase of$196 million over the same period in 2025. - Loans grew
$196 million to$1.788 billion , or12% year-over-year. - Deposits increased
$148 million to$1.790 billion , or9% year-over-year. - Regulatory Capital was
$209 million or10.14% of assets. - TNB Financial, provider of trust and investment services, has client assets over
$5.4 billion .
Stephen H. Cheney, Chairman and CEO, said “We are pleased to report our strong financial performance for the first quarter of 2026 and that our results allow us to continue our tradition of paying a dividend in July to our shareholders. We believe that our Bank is well positioned to continue this strong performance throughout the year. As we enter our 31st year we recognize the support of this community, our shareholders, and customers have made our Bank extremely successful, and we are very pleased to share the earnings of the Company with the people that made it a reality. Our increasing dividend over the last five years reflects the growth and outstanding performance of our bank. Since 2021 TNB has returned
Bank President, Bert Hodges stated, “Our resilient culture that empowers our bankers to be creative thinkers has become extremely unique in our industry. This continues to set us apart and has led to superior credit quality, solid customer loyalty, and excellent opportunities for growth. The talent, pride and competitive spirit of our bankers makes us more confident than ever about the future of TNB.”
The authorized stock repurchase program which will occur through the end of January 2027 will be made in accordance with applicable securities and other federal and state laws and may be made from time to time in the open market or in privately negotiated transactions. The amount and timing of the repurchase will be based on a variety of factors, including share acquisition price, regulatory limitations and other market and economic factors. The program does not require the Company to repurchase any specific number of shares.
In commenting on the common stock repurchase program, Stephen Cheney, CEO stated “we continue to see a substantial opportunity for value creation in our company over the long term. The strength of our business model, balance sheet and cash flow enable us to continue investing for the long term, while also opportunistically buying back stock through our repurchase program.”
About Thomasville Bancshares, Inc., and Thomasville National Bank
Thomasville Bancshares, Inc. was founded in 1995 as the holding company for Thomasville National Bank. TNB along with its two banking divisions; St. Simons Bank & Trust and Tallahassee National Bank, have total assets over
