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TAYLOR(CLVN B)BKG BRLN MD - $TYCB STOCK NEWS

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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 TAYLOR(CLVN B)BKG BRLN MD'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.

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News
Taylor Bank Announces Opening of Loan Production Office in Salisbury, Maryland
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Calvin B. Taylor Bankshares, Inc. (TYCB) announced the opening of a Loan Production Office (LPO) in Salisbury, Maryland, to cater to commercial lending needs. The move reflects the company's commitment to serving the community and fostering growth. The LPO, situated at 1408 South Salisbury Boulevard, boasts a local lending and business development team, operating by appointment only. President and CEO Raymond M. Thompson expressed enthusiasm about expanding Taylor Bank's presence in Wicomico County and building partnerships for community advancement.

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Calvin B. Taylor Bankshares, Inc. Announces Increase in Quarterly Cash Dividend to $0.35 per Share
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Calvin B. Taylor Bankshares, Inc. (TYCB) has announced an increase in their quarterly cash dividend to $0.35 per share for the first quarter of 2024, marking a $0.01 increase compared to the prior quarter. The dividend is payable on May 2, 2024, to stockholders of record as of April 22, 2024. The company's President and CEO, Raymond M. Thompson, highlighted the strong earnings performance in the 1st quarter of 2024 and emphasized the stable liquidity, asset quality, and capital metrics. The decision to raise the dividend showcases the Board's commitment to providing a consistent and sustainable return on investment for stockholders.
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Calvin B. Taylor Bankshares, Inc. Reports Fourth Quarter and Year End Financial Results for 2023
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Calvin B. Taylor Bankshares, Inc. (TYCB) reported strong financial results for the year ended December 31, 2023, with net income of $13.5 million, a 14.6% increase from the previous year. Return on Average Assets and Equity also improved significantly. Despite a decrease in deposits, the company's financial condition remained robust, with a focus on core deposits and liquidity.
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Taylor Bank Announces President and Chief Executive Officer Retirement and Succession Plan
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Calvin B. Taylor Bankshares, Inc. announced the retirement of President and CEO Raymond M. Thompson, effective December 31, 2024, after 27 years of service. M. Dean Lewis, the current Executive Vice President and CFO, will succeed Mr. Thompson, effective January 1, 2025. Mr. Lewis has a strong financial background and has been with the company since 2012. The Board of Directors expressed gratitude to Mr. Thompson and looks forward to a successful leadership transition in 2024.
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Calvin B. Taylor Bankshares, Inc. Announces Quarterly Cash Dividend of $0.34 per Share
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Calvin B. Taylor Bankshares, Inc. (TYCB) declared a regular quarterly cash dividend of $0.34 per share, payable on February 1, 2024. The announcement was made on January 16, 2024, and the dividend is for stockholders of record as of January 22, 2024.
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Calvin B. Taylor Bankshares, Inc. Announces Special Cash Dividend of $0.40 per Share
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Calvin B. Taylor Bankshares, Inc. (TYCB) Declares Special Cash Dividend of $0.40 per Share
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Calvin B. Taylor Bankshares, Inc. Reports Third Quarter 2023 Financial Results
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Calvin B. Taylor Bankshares, Inc. (TYCB) reported a 23.8% increase in net income for the nine months ended September 30, 2023, reaching $10.7 million, with a 11.5% increase in quarterly net income to $4.1 million for the third quarter of 2023. Organic loan growth continued in 2023 with loans growing $42.2 million, or 8.2%, since December 31, 2022. However, deposits decreased by $11.5 million or 1.4% since December 31, 2022, and deposits decreased by $42.0 million or 5.0% in the previous 12 months. On-balance sheet liquidity remained strong at 30.7% of total deposits as of September 30, 2023.
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Calvin B. Taylor Bankshares, Inc. Announces Quarterly Cash Dividend of $0.34 per Share
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Calvin B. Taylor Bankshares, Inc. declares a regular quarterly cash dividend of $0.34 per share.
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Calvin B. Taylor Bankshares, Inc. Reports Second Quarter 2023 Financial Results
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Calvin B. Taylor Bankshares reports strong financial performance with net income increasing 33% to $6.6 million for the six months ended June 30, 2023. Net interest income increased by 29.1% to $14.8 million. Organic loan growth of $47.0 million (9.2%) and improvement in net interest margin contributed to higher earnings. However, deposits and total assets decreased by $43.0 million (5.2%) and $38.8 million (4.2%) respectively in the previous 12 months. On-balance sheet liquidity remains strong at 29.0% of total deposits. Noncore funding sources were not utilized.
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Calvin B. Taylor Bankshares, Inc. Announces Increase in Quarterly Cash Dividend to $0.34 per Share
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TAYLOR(CLVN B)BKG BRLN MD

OTC:TYCB

TYCB Rankings

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TYCB Stock Data

137.69M
2.14M
Commercial Banking
Finance and Insurance
Link
United States of America
Berlin

About TYCB

calvin b. taylor bankshares, inc. operates as the holding company for calvin b. taylor banking company that provides commercial banking products and services for individuals, small-to medium-sized businesses, associations, and governmental entities. it accepts checking, money market, savings, and individual retirement accounts, as well as certificates of deposit. the company also offers consumer loans to individuals for personal, family, or household purchases, such as automobiles, trucks and vans, mobile homes, and personal expenses; mortgage loans comprising secured loans to individuals to purchase, construct, or enhance a primary or second home property; commercial loans, including secured and unsecured loans for business and professional purposes to retailers, wholesalers, service and related businesses, and manufacturers. in addition, it provides debit cards; atm services; and online, mobile, and phone banking services. the company has 11 banking locations within the eastern coast