Town and Country Financial Corporation Reports Record Third Quarter 2019 Financial Results; Increases Dividend 40%
TOWN AND COUNTRY FINCL CP (TWCF)
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Company Research
Source: GlobeNewswire
SPRINGFIELD, Ill., Nov. 01, 2019 (GLOBE NEWSWIRE) -- Town and Country Financial Corporation (the “Company”) (OTC Pink: TWCF) today announced financial results for the third quarter of 2019. Key highlights included: Record core net income of $2.1 million in the third quarter,Core net income in the first nine months of 2019, 25% above the first nine months of 2018,Portfolio loans exceeded $600 million for the first time,Commercial loans, including commercial real estate, grew 15% in the twelve months ended September 30, 2019,Mortgage banking fees reached a new high,Reduced overhead in the first nine months of 2019, compared to the first nine months of 2018,Strong credit quality, with nonperforming loans net of government guarantees of 0.53% as of September 30, 2019, and 0.55% as of September 30, 2018; Core net income was $2.1 million in the third quarter of 2019, compared to $1.9 million in the third quarter of 2018. Core net income was $5.6 million in the nine months ended Septemb
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