TEXAS COMMUNITY BANCSHARES, INC. REPORTS UNAUDITED FINANCIAL RESULTS FOR THE YEAR ENDED DECEMBER 31, 2023
Texas Community Bancshares, Inc. (TCBS)
Company Research
Source: PR Newswire
MINEOLA, Texas, Feb. 23, 2024 /PRNewswire/ -- Texas Community Bancshares, Inc. ("Texas Community Bancshares" or the "Company") (NASDAQ: TCBS), the holding company for Broadstreet Bank, SSB, today reported a net loss of $733,000 for the year ended December 31, 2023, compared to net income of $1,754,000 for 2022. Losses per basic and diluted share for the year ended December 31, 2023 were $(0.24), compared to basic and diluted earnings per share of $0.58 for 2022. Texas Community Bancshares' President and Chief Executive Officer (CEO) Jason Sobel said, "Texas Community Bancshares 2023 loss was in a year of extraordinary internal changes, including strategic balance sheet realignment, retirement of the former CEO, a change in the bank name, and branch growth. Securities sales of $19.8 million in 2023, resulting in a loss of $1.4 million, net of tax, and the origination of more commercial loans are part of a concentrated effort initiated in 2023 to reshape Broadstreet Bank's balance sheet
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News
- Do These 3 Checks Before Buying Texas Community Bancshares, Inc. (NASDAQ:TCBS) For Its Upcoming Dividend [Yahoo! Finance]Yahoo! Finance
- Texas Community Bancshares, Inc. Declares Dividend IncreasePR Newswire
- TEXAS COMMUNITY BANCSHARES, INC. REPORTS UNAUDITED FINANCIAL RESULTS FOR THE YEAR ENDED DECEMBER 31, 2023 [Yahoo! Finance]Yahoo! Finance
TCBS
Sec Filings
- 4/18/24 - Form DEF
- 3/27/24 - Form 10-K
- 2/29/24 - Form 4
- TCBS's page on the SEC website