TEXAS COMMUNITY BANCSHARES, INC. REPORTS UNAUDITED FINANCIAL RESULTS FOR THREE MONTHS ENDED MARCH 31, 2024 AND 2023 [Yahoo! Finance]
Texas Community Bancshares, Inc. (TCBS)
Company Research
Source: Yahoo! Finance
holding company for Broadstreet Bank, SSB, today reported a net loss of $2.7 million for the three months ended March 31, 2024 compared to net loss of $1.0 million for the three months ended March 31 , 2023. Losses per basic and diluted shares for the three months ended March 31, 2024 were and respectively, compared to losses per basic and diluted share of for the three months ended March 31 Texas Community Bancshares' President and Chief Executive Officer (CEO) Jason Sobel , said, "The loss experienced in the first quarter was the result of deliberate actions taken as part of an ongoing strategic plan to reposition the balance sheet and improve the future performance of the Company. The reported loss was primarily the result of loans sold, and the fair value write-down on pending loan sales. All loans sold were performing loans. The average yield on loans sold was 4.5% while the fed funds target rate is 5.5% allowing for an immediate increase in yield even while redeploying the fun
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News
- Don't Race Out To Buy Texas Community Bancshares, Inc. (NASDAQ:TCBS) Just Because It's Going Ex-Dividend [Yahoo! Finance]Yahoo! Finance
- Texas Community Bancshares, Inc. Announces Quarterly Cash Dividend [Yahoo! Finance]Yahoo! Finance
- Texas Community Bancshares, Inc. Announces Quarterly Cash DividendPR Newswire
- TEXAS COMMUNITY BANCSHARES, INC. REPORTS UNAUDITED FINANCIAL RESULTS FOR THREE MONTHS ENDED MARCH 31, 2024 AND 2023PR Newswire
TCBS
Sec Filings
- 6/20/24 - Form 11-K
- 6/17/24 - Form 144/A
- 6/14/24 - Form 144
- TCBS's page on the SEC website