Third Century Bancorp Releases Earnings for the Quarter Ended September 30, 2024
Third Century Bancorp (TDCB)
NASDAQ:AMEX Investor Relations:
snl.com/irweblinkx/corporateprofile.aspx?iid=100209
Company Research
Source: Business Wire
FRANKLIN, Ind.--(BUSINESS WIRE)--OTCPINK: TDCB - Third Century Bancorp (“Company”), the holding company for Mutual Savings Bank (“Bank”), announced it recorded unaudited net income of $262,000 for the quarter ended September 30, 2024, or $0.22 per basic and diluted share, compared to net income of $271,000 for the quarter ended September 30, 2023, or $0.23 per basic and diluted share.“Our Third Century Bancorp financial performance for 2024 is on track with where we planned. We anticipated continued pressure on the net interest margin due to higher funding costs,” stated David A. Coffey, President and CEO. “With the FED action to lower the FED Funds target, we anticipate this translating in a positive way to our income statement.” Coffey concluded, “The Johnson County market is very competitive and has always been. However, as the only community bank located in Johnson County, Indiana, we feel our growth opportunities for the remainder of 2024 are pretty solid and will provide a p
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