Bancorp Stock Price, News & Analysis

Bancorp 34, Inc. (BCTF) is the parent company of Southwest Heritage Bank, a community-focused financial institution in the savings institutions segment of the finance and insurance sector. According to company disclosures, Bancorp 34, Inc. is headquartered in Scottsdale, Arizona and its banking operations are conducted through Southwest Heritage Bank, which offers full-service community banking through branch locations in Arizona and New Mexico.

Corporate structure and banking footprint

Bancorp 34, Inc. is described in its public communications as the holding company for Southwest Heritage Bank (previously referenced as Bank 34). The bank’s headquarters are in Scottsdale, Arizona. The company reports that Southwest Heritage Bank operates multiple full-service community bank branches. These branches are located in Maricopa County, Arizona, in the cities of Scottsdale and Gilbert; in Pima County, Arizona, in the cities of Tucson and Green Valley; and in New Mexico in the cities of Alamogordo in Otero County and Las Cruces in Dona Ana County. Earlier disclosures also refer to Bank 34 operating branches in Scottsdale and Peoria, Arizona, and in Alamogordo and Las Cruces, New Mexico, reflecting the bank’s community banking footprint in those markets.

Through this structure, Bancorp 34, Inc. functions as a savings and loan holding company overseeing a community bank that serves customers in selected markets in Arizona and New Mexico. The company’s communications emphasize its role as a parent company and the use of press releases and regulatory filings to report detailed quarterly financial results.

Business focus and financial reporting

As a savings institution and community bank holding company, Bancorp 34, Inc. reports on traditional banking metrics such as net interest income, non-interest income and expense, loan growth, deposit balances, asset quality measures and capital ratios. In its third quarter 2025 performance update, the company highlighted net income at both the consolidated and bank levels, loan growth over the linked quarter, changes in deposit mix, and tangible book value per share. The company also discussed trends in net interest margin, cost of funds, and efficiency measures, along with changes in non-performing assets and the allowance for credit losses.

The company uses both GAAP and non-GAAP financial measures in its reporting. Non-GAAP measures referenced include core net income, core net interest margin, core return on average assets and equity, core overhead ratio, and core efficiency ratio. Bancorp 34, Inc. states that these non-GAAP measures are intended to provide investors and management with additional insight into its financial position and performance, while noting that such measures are supplemental to GAAP metrics and may not be comparable to similarly titled measures at other companies.

Capital, regulation and trading venue

Bancorp 34, Inc. has described itself as a savings and loan holding company. In August 2020, the company announced that it had notified the NASDAQ Stock Market of its intent to voluntarily delist its common stock from the NASDAQ Capital Market and to deregister its common stock with the U.S. Securities and Exchange Commission. The company indicated that it planned to file a Form 25 to remove its common stock from NASDAQ listing and a Form 15 to terminate registration under the Securities Exchange Act of 1934. In that announcement, Bancorp 34, Inc. stated that it had applied to have its shares quoted on the OTCQB Market following the NASDAQ delisting.

The company cited expected cost savings from no longer filing periodic reports with the SEC, including reductions in accounting and legal fees, as a key factor in the decision to deregister. It also noted that its financial statements would continue to be audited by an independent accounting firm and that it intended to publish quarterly and annual financial information via press releases or by postings on the bank’s website. The bank’s detailed quarterly financial results are also reported to its primary federal regulator, with those reports available on the FDIC’s website.

Strategic transactions and branding

Bancorp 34, Inc. has reported on a merger with CBOA Financial, Inc., the parent company of Commerce Bank of Arizona. Company communications describe this transaction as a merger between Bancorp 34, Inc. and CBOA Financial, Inc., with the combined bank to rebrand as Southwest Heritage Bank. The company has discussed merger-related expenses, regulatory approvals, and amendments to the merger agreement, including revisions to the stock exchange ratio and extensions of the outside closing date. In its disclosures, Bancorp 34, Inc. and CBOA Financial, Inc. indicated that they anticipated closing the merger and proceeding under the Southwest Heritage Bank brand.

In addition to the rebranding, the company has noted that it has used private placement transactions and other capital-related actions in connection with its growth and merger activities. Earlier communications also reference a mutual-to-stock conversion and related stock offering completed in October 2016, after which Bancorp 34, Inc. began paying dividends, including a special dividend and recurring quarterly dividends, as determined by its board of directors.

Risk management and asset quality

The company’s public financial updates provide insight into its approach to credit risk and asset quality. Bancorp 34, Inc. has reported on non-performing assets, classified loans, and the allowance for credit losses, including specific commentary on individual commercial real estate credits that required provisions or reclassification. For example, the company has described downgrading a single, well-collateralized relationship to non-accrual status, the associated impact on non-performing asset ratios, and the decision not to record additional reserves based on collateral and analysis. It has also reported on the transfer of a problem credit to other real estate owned and subsequent sale of the related note, with associated losses recognized in its financial statements.

These disclosures illustrate the company’s practice of updating investors on changes in credit quality, reserve levels, and the impact of specific credits on earnings and capital. They also show how Bancorp 34, Inc. uses both quantitative metrics and narrative explanations to describe its risk profile and credit management decisions.

Dividends, capital actions and shareholder considerations

Bancorp 34, Inc. has a history of capital actions directed at its shareholders. In 2020, the company announced a quarterly cash dividend of $0.05 per share, noting that this was its seventh dividend since its mutual-to-stock conversion and related stock offering. The company also referenced a prior special dividend and a program of quarterly dividends, while emphasizing that future dividends would be subject to the discretion of its board of directors.

In the same period, the company’s board of directors adopted a stock repurchase program with a stated total purchase cost limit. The company indicated that repurchases would be made consistent with its trading policies and that the timing and amount of repurchases could be adjusted or discontinued based on factors such as market conditions, alternative investment opportunities, and liquidity. These disclosures highlight Bancorp 34, Inc.’s use of dividends and share repurchases as tools within its overall capital management framework.

Management changes and leadership

Bancorp 34, Inc. has reported several leadership changes over time. In 2020, the company announced the appointment of a new Co-President and Chief Executive Officer, with the then-current President and Chief Executive Officer remaining for a transition period. The announcement described the incoming executive’s background in advising community banks on mergers and acquisitions, capital raising, and strategic planning. Later, in 2024, the company disclosed the resignation of its Chief Executive Officer and director and the appointment of a new Chairman and Chief Executive Officer for both the company and the bank. The new leader was described as having held multiple CEO roles in U.S. community and regional banking and having experience at multinational banking organizations, financial technology companies, and advisory firms.

These leadership updates provide context on the company’s governance and its emphasis on experience in community banking, mergers and acquisitions, and strategic growth. They also underscore that executive leadership has evolved alongside the company’s merger activity and rebranding efforts.

Trading status and investor information

Bancorp 34, Inc. has communicated that its common stock was previously listed on the NASDAQ Capital Market under the symbol BCTF and that it chose to voluntarily delist and deregister with the SEC. Following that decision, the company applied to have its shares quoted on the OTCQB Market. Subsequent press releases refer to Bancorp 34, Inc. as trading on the OTCQB under the symbol BCTF. As a result of deregistration, the company’s obligation to file periodic reports on Forms 10-K, 10-Q and 8-K with the SEC was suspended, with financial information instead provided through press releases and regulatory reports to banking regulators.

For investors researching BCTF stock, company press releases provide details on quarterly performance, merger progress, branch footprint, capital ratios, and changes in leadership. Historical SEC filings, including registration statements related to the merger with CBOA Financial, Inc., are available through the SEC’s EDGAR system for periods before deregistration.