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Touchstone Bankshares Inc - TSBA STOCK NEWS

Welcome to our dedicated news page for Touchstone Bankshares (Ticker: TSBA), a resource for investors and traders seeking the latest updates and insights on Touchstone Bankshares.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Touchstone Bankshares's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Touchstone Bankshares's position in the market.

Rhea-AI Summary
Touchstone Bankshares, Inc. reported preliminary, unaudited results for the three and twelve months ended December 31, 2023. The Company's net income available to common shareholders for the three months ended December 31, 2023, was $1.1 million, with basic and diluted earnings per common share at $0.32. For the twelve months ended December 31, 2023, the net income available to common shareholders was $1.6 million, with basic and diluted earnings per common share at $0.49. The Company's President and CEO, James R. Black, commented on the challenges faced by the financial industry and the success of cost-saving initiatives. The Company also reported a decrease in net interest income and noninterest income for the three months ended December 31, 2023, compared to the same period in 2022. Additionally, the noninterest expense decreased for the same period. For the twelve months ended December 31, 2023, there was an increase in net interest income, provision for credit losses, and noninterest expense compared to the same period in 2022.
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Touchstone Bankshares, Inc. (TSBA) appoints Adam Sothen as Executive Vice President and Chief Financial Officer, bringing 25 years of experience in the financial and banking industry. Sothen's previous roles include serving as CFO for a $1.5 billion multi-bank holding company in Maryland and other community banks in Virginia. Touchstone Bank President and CEO James Black expresses excitement for Sothen's leadership and experience, anticipating further progress for the organization.
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Touchstone Bankshares, Inc. (TSBA) declared an annual cash dividend of $0.32 per share for common and preferred shareholders of record as of January 5, 2024, payable January 19, 2024. The Company's President and CEO, James R. Black, expressed gratitude for the shareholders' loyalty and support in the local community bank.
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Touchstone Bankshares, Inc. reported unaudited results for the quarter ended September 30, 2023. Net income for the quarter was $456 thousand, with basic and diluted earnings per common share of $0.14. Return on average assets was 0.28% and return on average common equity was 4.34%. Net interest income for the quarter was $5.1 million, a decrease of 6.1% compared to the same period last year. Noninterest income for the quarter was $930 thousand, an increase of 10.6% compared to last year.
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Touchstone Bankshares promotes Shauna Robertson to Executive Vice President, Chief Banking and Human Resources Officer. Justin Clay appointed as interim CFO.
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Touchstone Bankshares Inc

OTC:TSBA

TSBA Rankings

TSBA Stock Data

23.40M
3.10M
0.41%
Commercial Banking
Finance and Insurance
Link
US
Mc Kenney