Thomasville Bancshares, Inc. Announces Third Quarter 2024 Results
THOMASVILLE BNCSHS INC (THVB)
Company Research
Source: GlobeNewswire
THOMASVILLE, Ga., Oct. 28, 2024 (GLOBE NEWSWIRE) -- Thomasville Bancshares, Inc. (OTC PINK: THVB), the parent company of Thomasville National Bank and TNB Financial Services, today announced financial results for the quarter ended September 30, 2024. Third Quarter 2024 Highlights Net Income for the quarter of $9,386,870 compared to $8,467,575 for the same period last year, an increase of 11%.YTD Net Income of $28,950,864 compared to $26,162,967 for the same period in 2023, an increase of 11%.Earnings per share for the first nine months were $4.53 (basic) and $4.36 (diluted).YTD Return on Average Assets of 2.21% and Return on Average Tangible Equity of 24.28%.Total Assets of $1.816 billion, an increase of $241 million over the same period in 2023.Loans grew to $1.514 billion, an increase of $150 million or 11% year-over-year.Deposits grew to $1.573 billion, an increase of $220 million or 16% year-over-year.Regulatory Capital was $167 million or 9.26% of assets. During the third
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