The Community Financial Corporation Reports a 44% Increase in Net Income for the Nine Months Ended September 30, 2017
The Community Financial Corporation (TCFC)
US:NASDAQ Investor Relations:
cbtc.com/about/news-and-events/august-2017/the-community-financial-corporation-announces-it-w
Company Research
Source: GlobeNewswire
WALDORF, Md., Oct. 20, 2017 (GLOBE NEWSWIRE) -- The Community Financial Corporation (NASDAQ:TCFC) (the “Company”), the holding company for Community Bank of the Chesapeake (the “Bank”), reported its results of operations for the third quarter and nine months ended September 30, 2017. Net income was $2.8 million for the three months ended September 30, 2017, an increase of $819,000 or 41.7%, compared to $2.0 million for the three months ended September 30, 2016. Earnings per common share (diluted) at $0.60 increased $0.18 from $0.42 per common share (diluted) for the three months ended September 30, 2016. The Company’s returns on average assets and common stockholders’ equity for the third quarter of 2017 were 0.80% and 9.99%, respectively, compared to 0.63% and 7.48%, respectively, for the third quarter of 2016. Net income was $7.7 million for the nine months ended September 30, 2017, an increase of $2.4 million or 44.4%, compared to $5.3 million for the nine months ended Sept
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