Thomasville Bancshares, Inc. Announces Third Quarter 2024 Results [Yahoo! Finance]
THOMASVILLE BNCSHS INC (THVB)
Company Research
Source: Yahoo! Finance
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 quarter the company paid a $6.9 million cash dividend ($1.05 per share). TNB Financial, provider of trust and investment servic
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