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.
Calvin B. Taylor Bankshares, Inc. (OTCQX: TYCB), the holding company for Calvin B. Taylor Bank, regularly issues news and updates related to its commercial banking operations on the Delmarva Peninsula. Company announcements cover financial results, dividends, capital management actions, and developments in its regional banking franchise.
Investors following TYCB news will find detailed quarterly and year-to-date financial results, including discussions of net income, net interest income, net interest margin, loan and deposit growth, efficiency ratio, asset quality metrics, and regulatory capital ratios. Management commentary in these releases explains how loan and deposit trends, funding costs, and yields on earning assets influence overall performance.
The Company also publishes news about its dividend policy and stock repurchase activity. Press releases describe regular quarterly cash dividends per share and note when the Board of Directors approves increases in the dividend. Other announcements discuss stock repurchase programs, including authorizations, remaining capacity, and the role of repurchases in the Company’s capital management approach.
Operational and strategic updates appear in TYCB news as well. The Bank has reported on the opening of a new branch in Cape Charles, Virginia, enhancements to its core banking system and digital capabilities, and expansion of commercial lending services in markets such as Sussex County, Delaware. Personnel news, such as the hiring of a commercial loan officer and vice president to support commercial lending growth, is also included.
This news page aggregates these releases so readers can review earnings announcements, dividend declarations, capital actions, and regional banking developments for Calvin B. Taylor Bankshares, Inc. over time.
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.
Calvin B. Taylor Bankshares, Inc. (TYCB) reported its financial results for FY20 and 4Q20. Net income for FY20 fell to $7.27 million ($2.62 per share), down from $8.33 million ($2.99 per share) in FY19. The fourth quarter net income was $1.41 million ($0.51 per share), a decrease compared to $1.71 million in 4Q19. Total assets increased by 29.9% to $711.8 million, driven by a 35.4% rise in deposits. The bank faced higher provisions for loan losses, up 257.4% for FY20, amid ongoing economic uncertainty from COVID-19.