Triad Business B - TBBC STOCK NEWS

Triad Business Bank (OTC Pink: TBBC) announced its unaudited Q2 2024 results. Key highlights include:

• Raised $6.0 million in additional capital
• Reduced annual operating costs by $2.0 million
• Net loss of $611,000 for Q2 2024
• Loan balances increased by $4.2 million to $363.4 million
• Added 26 new business relationships in Q2
• Shareholders' equity increased $6.5 million
• Total capital levels at 13.3% of risk-weighted assets

The bank aims to achieve profitability in the final two quarters of 2024. Net interest income increased to $2.7 million, while the net interest margin slightly decreased to 2.08%. The bank's loan portfolio grew 18% annualized through the first six months of 2024.

Triad Business Bank (TBBC) announced unaudited first quarter 2024 results, showing a net loss of $101,000, an improvement from the previous quarter. The Bank saw positive trends with increased capital levels, loan balances, and deposit relationships. Management outlined a plan to improve profitability by focusing on core deposits, making strategic loans, and reducing expenses. Despite challenges in 2023, the Bank is committed to enhancing customer service and financial stability.

Triad Business Bank (TBBC) achieved a $500 million total asset milestone despite interest rate volatility. In 2023, the Bank saw a 12% increase in customer deposit transactions, expanded commercial deposit customers by 24%, and originated 151 new loans totaling $163 million. The Bank reported a net loss of $4.3 million for 2023 with a decline in net interest margin. Total interest income increased by 64% to $23.2 million, while interest expense rose by $10 million. The Bank's capital position remains strong, with regulatory capital exceeding 'Well-Capitalized' requirements.

Triad Business Bank (TBB) reported a decline in net interest margin, with a core operating loss of $403,000 in Q3 2023. The bank's assets were $498.3 million, and it facilitated over $4.2 billion in transactions. TBB's interest income increased to $6.2 million, but noninterest expense rose to $3.23 million. The bank's regulatory capital decreased by 0.27% to $59.9 million. TBB's net interest margin declined to 2.15% in Q3 2023.

Triad Business Bank completed its second full year of operations by achieving profitability in two quarters of 2022. The Bank reported net revenue of $12.1 million and core operating earnings of $1.0 million. The fourth quarter of 2022 showed a net income of $79,000, contrasting with a net loss of $537,000 in Q4 2021. Core loans surged 62% to $272.2 million, while total assets rose 19% to $445.1 million. AOCI showed a loss of $20.1 million. Management expects continued growth in loans and deposits and increased profitability in 2023.

Triad Business Bank reported a profitable third quarter of 2022, with net income of $228,000, or $0.03 per diluted share, a significant turnaround from a loss of $101,000 in the previous quarter. Core operating income rose to $449,000, reflecting a $303,000 increase. Loan growth was robust, with core loans increasing by $16.3 million. Total assets and deposits also grew by 3% and 4%, respectively. However, the Bank experienced a temporary $19 million loss in its bond portfolio due to rising interest rates, which will recover as bonds mature.

Triad Business Bank reported significant growth in the second quarter of 2022, achieving a core operating income of $146,000, up 140% from the previous quarter. Total assets increased 10% to $429.9 million, with core loans and deposits rising 9% and 15% respectively. The net interest margin improved to 2.77%, benefiting from a rising interest rate environment. Although the Bank posted a net loss of $101,000 for the quarter, the outlook remains positive as management anticipates continued growth and profitability.