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Triad Business Bank (OTC Pink - "TBBC"), April 3, 2025, Amends Unaudited Results for 2024

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Triad Business Bank (TBBC) has revised its unaudited financial results for 2024, increasing its allowance for credit loss on a downgraded publicly traded corporate bond from $1.1 million to $2.6 million. This adjustment has resulted in a revised net loss of $4.3 million for the 2024 fiscal year.

Despite the increased loss provision, the bank maintains a strong regulatory capital position of $61.6 million, representing 12.48% of risk-weighted assets as of December 31, 2024.

Triad Business Bank (TBBC) ha rivisto i suoi risultati finanziari non auditati per il 2024, aumentando la sua riserva per perdite su crediti su un'obbligazione societaria quotata in borsa declassata da 1,1 milioni di dollari a 2,6 milioni di dollari. Questo aggiustamento ha portato a una perdita netta rivista di 4,3 milioni di dollari per l'anno fiscale 2024.

Nonostante l'aumento della riserva per perdite, la banca mantiene una solida posizione di capitale regolamentare di 61,6 milioni di dollari, pari al 12,48% delle attività ponderate per il rischio al 31 dicembre 2024.

Triad Business Bank (TBBC) ha revisado sus resultados financieros no auditados para 2024, aumentando su provisión para pérdidas crediticias sobre un bono corporativo cotizado degradado de 1,1 millones de dólares a 2,6 millones de dólares. Este ajuste ha dado como resultado una pérdida neta revisada de 4,3 millones de dólares para el año fiscal 2024.

A pesar del aumento en la provisión de pérdidas, el banco mantiene una fuerte posición de capital regulatorio de 61,6 millones de dólares, que representa el 12,48% de los activos ponderados por riesgo al 31 de diciembre de 2024.

트라이애드 비즈니스 뱅크 (TBBC)는 2024년 감사되지 않은 재무 결과를 수정하여, 등급이 하락한 상장 기업 채권에 대한 신용 손실 충당금을 110만 달러에서 260만 달러로 증가시켰습니다. 이 조정으로 인해 2024 회계 연도의 수정된 순손실이 430만 달러로 나타났습니다.

손실 충당금이 증가했음에도 불구하고, 은행은 2024년 12월 31일 기준으로 위험 가중 자산의 12.48%를 차지하는 강력한 규제 자본 위치인 6160만 달러를 유지하고 있습니다.

Triad Business Bank (TBBC) a révisé ses résultats financiers non audités pour 2024, augmentant sa provision pour pertes sur créances sur une obligation d'entreprise cotée déclassée de 1,1 million de dollars à 2,6 millions de dollars. Cet ajustement a entraîné une perte nette révisée de 4,3 millions de dollars pour l'exercice fiscal 2024.

Malgré l'augmentation de la provision pour pertes, la banque maintient une forte position de capital réglementaire de 61,6 millions de dollars, représentant 12,48 % des actifs pondérés en fonction du risque au 31 décembre 2024.

Triad Business Bank (TBBC) hat seine nicht testierten Finanzzahlen für 2024 überarbeitet und die Rückstellung für Kreditverluste auf eine herabgestufte börsennotierte Unternehmensanleihe von 1,1 Millionen Dollar auf 2,6 Millionen Dollar erhöht. Diese Anpassung hat zu einem überarbeiteten Nettoverlust von 4,3 Millionen Dollar für das Geschäftsjahr 2024 geführt.

Trotz der erhöhten Verlustrückstellung hält die Bank eine starke regulatorische Kapitalposition von 61,6 Millionen Dollar, was 12,48% der risikogewichteten Aktiva zum 31. Dezember 2024 entspricht.

Positive
  • Strong regulatory capital position of $61.6 million (12.48% of risk-weighted assets)
Negative
  • Increased allowance for credit loss from $1.1M to $2.6M on downgraded corporate bond
  • Revised net loss of $4.3M for 2024
  • Investment grade corporate bond in portfolio lost its rating

GREENSBORO, N.C., April 3, 2025 /PRNewswire/ -- On February 25, 2025, Triad Business Bank (the "Bank") issued a press release announcing unaudited results for 2024. The operating results reported at that time included a $1.1 million allowance for credit loss on a publicly traded corporate bond that had recently lost its investment grade rating and its market value indicated there was credit impairment. The Bank has revised its estimate of the credit impairment and increased the allowance for credit loss on this bond to $2.6 million, resulting in a revised net loss of $ 4.3 million for 2024. The Bank's total regulatory capital is strong, totaling $61.6 million or 12.48% of risk weighted assets at December 31, 2024.

Cision View original content:https://www.prnewswire.com/news-releases/triad-business-bank-otc-pink--tbbc-april-3-2025-amends-unaudited-results-for-2024-302420218.html

SOURCE Triad Business Bank

FAQ

What is the revised 2024 net loss for Triad Business Bank (TBBC)?

TBBC reported a revised net loss of $4.3 million for 2024, following increased credit loss provisions.

How much did TBBC increase its credit loss allowance in the 2024 revision?

TBBC increased its credit loss allowance from $1.1 million to $2.6 million, a $1.5 million increase.

What is TBBC's regulatory capital position as of December 31, 2024?

TBBC maintains $61.6 million in regulatory capital, representing 12.48% of risk-weighted assets.

When did Triad Business Bank (TBBC) announce its original unaudited 2024 results?

TBBC originally announced its unaudited 2024 results on February 25, 2025.
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