Welcome to our dedicated page for Taylor Calvin B Bankshares news (Ticker: TYCB), a resource for investors and traders seeking the latest updates and insights on Taylor Calvin B Bankshares stock.
Taylor Calvin B Bankshares Inc (TYCB) maintains this dedicated news hub for stakeholders tracking developments at one of the Eastern Seaboard's oldest community banking institutions. Established in 1890, the company combines traditional relationship banking with modern financial services across its Delmarva Peninsula network.
This resource aggregates official press releases, regulatory disclosures, and financial updates essential for monitoring the bank's commercial lending activities, deposit product innovations, and community reinvestment initiatives. Users will find timely information on:
• Quarterly earnings and capital adequacy reports
• Strategic expansions in digital banking services
• Regulatory compliance updates including CECL implementation
• Community partnership announcements and local impact initiatives
Bookmark this page for direct access to primary source materials from TYCB's leadership team, ensuring informed decision-making about this century-old regional financial institution.
Calvin B. Taylor Bankshares, Inc. (OTCQX: TYCB) reported net income of $2.29 million for 1Q22, down 11.8% from $2.60 million in 1Q21. The decline was primarily due to a $346 thousand decrease in income from bank-owned life insurance. Despite this, the bank saw organic loan growth of 6.8% since December 2021 and a 3.9% increase in net interest income to $5.27 million. Total assets surged 20.5% year-over-year to $905.2 million. The quarterly dividend rose 3.45% to $0.30 per share.
Calvin B. Taylor Bankshares, Inc. (OTCQX: TYCB) has declared a quarterly cash dividend of $0.30 per share, representing a 3.45% increase from the previous quarter. This dividend will be paid on April 15, 2022, to stockholders on record as of March 31, 2022. Established in 1890, Calvin B. Taylor Bank provides a variety of banking services across 12 locations in the Delmarva Peninsula, encompassing Worcester County, Maryland, Sussex County, Delaware, and Accomack County, Virginia.
Calvin B. Taylor Bankshares, Inc. (OTCQX: TYCB) reported a net income of $9.48 million for 2021, up from $7.27 million in 2020. The fourth quarter net income was $2.14 million, a 51.4% increase year-over-year. Total assets grew 27.1% to $904.5 million, while average deposits surged by 31.1%. Net interest income rose 9.6% to $21.68 million, driven by organic loan growth and PPP loan repayments, although net interest margin decreased to 2.79%. Dividends declared were $1.16 per share, reflecting a 5.5% increase.
Calvin B. Taylor Bankshares (OTCQX: TYCB) has declared a quarterly cash dividend of $0.29 per share, payable on January 15, 2022, to shareholders of record as of December 31, 2021. The bank, founded in 1890, operates 12 locations across the eastern Delmarva Peninsula, providing a variety of banking services. This dividend reflects the company's commitment to returning value to its shareholders while maintaining a strong local presence.
Calvin B. Taylor Bankshares, Inc. (OTCQX: TYCB) reported a net income of $2.67 million for 3Q21, up from $1.91 million in 3Q20, and $7.34 million for the first nine months, compared to $5.85 million last year. Loan repayments under the PPP totaled $20.6 million in 3Q21. Total assets grew by 30.6% year-over-year to $914 million. Despite strong deposit growth of 35%, the net interest margin decreased to 2.76%. Noninterest income rose 39.8% to $1.03 million in 3Q21, reflecting increased consumer spending.
Calvin B. Taylor Bankshares, Inc. (OTCQX: TYCB) has announced a quarterly cash dividend of $0.29 per share, payable on October 15, 2021 to shareholders of record as of September 30, 2021. Founded in 1890, the bank operates 12 locations across the eastern Delmarva Peninsula, providing a variety of banking services through both physical and digital channels.
Calvin B. Taylor Bankshares, Inc. (OTCQX: TYCB) reported a net income of $2.07 million for Q2 2021, a 2% increase year-over-year but a decrease from $2.60 million in Q1 2021. For the first half of 2021, net income reached $4.67 million, up from $3.94 million in the same period of 2020. The provision for loan losses decreased significantly, reflecting improved economic conditions due to COVID-19. Total assets grew by 30.1% year-over-year to $839 million, driven by organic loan growth despite the impact of PPP loan repayments.
Calvin B. Taylor Bankshares, Inc. (OTCQX: TYCB) has declared a quarterly cash dividend of $0.29 per share. This dividend is payable on July 15, 2021 to stockholders of record as of June 30, 2021. Calvin B. Taylor Bank, founded in 1890, operates across 12 locations in the Delmarva Peninsula, offering diverse banking services. The bank's commitment to providing reliable banking solutions strengthens its position in the market.
Calvin B. Taylor Bankshares, Inc. (OTCQX: TYCB) reported strong first-quarter results for 2021, with net income rising 35.8% to $2.60 million compared to Q1 2020. This marks an 83.6% increase from Q4 2020. The company saw organic asset growth of 5.6%, with total assets reaching $751.4 million. Loans increased 22.9% year-over-year, driven by a rise in SBA PPP loans and strong demand for commercial and residential loans. Noninterest income jumped 122.2% to $1.34 million, boosted by nonrecurring income from bank-owned life insurance. However, net interest margin declined to 3.05% from 3.93% a year prior.
On March 11, 2021, Calvin B. Taylor Bankshares, Inc. (OTCQX: TYCB) announced a quarterly cash dividend of $0.29 per share. The dividend will be paid on April 15, 2021, to stockholders of record as of March 31, 2021. Established in 1890, the bank operates 12 locations across the eastern coastal areas of the Delmarva Peninsula, providing a wide range of banking services through both physical and digital channels.
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