TCFC - TCFC STOCK NEWS

Community Bank of the Chesapeake announces the passing of board member Kimberly C. Briscoe-Tonic, who served from 2016 and was a key contributor to the bank's strategic direction. Her extensive experience as a business owner enhanced the bank's growth and community connection. Briscoe-Tonic, aged 54, was known for her positivity and commitment to her local community. The Community Financial Corporation (NASDAQ: TCFC) oversees the bank, which operates with assets exceeding $2.3 billion across 12 banking centers.

The Community Financial Corporation (NASDAQ: TCFC) has declared a quarterly cash dividend of $0.175 per share. This dividend will be paid on or about July 26, 2022 to shareholders of record as of the close of business on July 12, 2022. The company, based in Waldorf, Maryland, operates through the Community Bank of the Chesapeake with multiple branches in Maryland and Virginia. The release includes forward-looking statements about potential risks affecting the company's future performance.

The Community Financial Corporation (NASDAQ: TCFC) reported a net income of $6.3 million for Q1 2022, equating to $1.10 per diluted share, stable compared to Q1 2021. However, it shows a decline from $6.8 million or $1.18 per share in Q4 2021. Total portfolio loans rose by $50.7 million, reflecting a 12.9% annualized growth. Non-interest bearing accounts surged by $198.6 million, now comprising 30.8% of total deposits. The bank's asset quality remained stable with non-accrual loans at 0.34% of total assets. A 17% common dividend increase was announced in Q4 2021, further supporting shareholder returns.

Community Bank of the Chesapeake has been awarded a prestigious “Five-Star Superior” rating by BauerFinancial, marking it as one of the strongest financial institutions in the U.S. This rating acknowledges the bank's exceptional performance and financial strength, based on factors including profitability, asset quality, and regulatory compliance. CEO William Pasenelli credits the bank's success to diligent leadership and a commitment to serving customers and communities. The bank, headquartered in Waldorf, Maryland, has assets exceeding $2.3 billion.

The Community Financial Corporation (NASDAQ: TCFC) has announced a quarterly cash dividend of $0.175 per share, scheduled for payment on or about April 25, 2022. Shareholders of record as of April 12, 2022 will receive this dividend. The Company serves as the bank holding entity for Community Bank of the Chesapeake, with locations in Maryland and Virginia.

i2c Inc. is hosting a virtual roundtable on February 23, 2022, to discuss the growing trend of in-house credit card issuing. The webinar will feature panelists from Visa, Aite-Novarica, and Community Bank of the Chesapeake, focusing on strategies for small- to mid-sized banks to profitably issue credit cards. Key topics include buy now pay later trends, self-issuance benefits, and a case study showcasing Community Bank of the Chesapeake's success in credit-issuing.

The Community Financial Corporation (NASDAQ: TCFC) reported record earnings of $6.8 million for Q4 2021, marking a 10% year-over-year increase. Diluted EPS reached $1.18, up from $1.04 in Q4 2020. Total assets grew by 14.8% to $2.3 billion, driven by a 24.21% increase in transaction deposits. The Company resumed stock repurchases and increased its quarterly dividend by 17% to $0.175. Loan growth was robust, with gross portfolio loans up 12%, while the return on equity improved to 13%. Non-accrual loans decreased, demonstrating strong asset quality.

The Community Financial Corporation (NASDAQ: TCFC) announces the continuation of its stock repurchase plan, authorizing the buyback of 99,450 shares for up to $4 million. This follows the completion of repurchasing 200,550 shares under the original plan which began in October 2020. CEO William J. Pasenelli emphasizes the strategy aims to enhance shareholder value, especially as the stock is seen as undervalued. The buyback will occur in compliance with federal laws and could terminate by September 30, 2022, if all shares are not purchased.

The Community Financial Corporation (NASDAQ: TCFC) announced the appointment of James M. Burke as President and CEO, effective August 31, 2022, following the retirement of William J. Pasenelli. Under Pasenelli's leadership, the Company experienced significant growth, including successful acquisitions and improved asset quality. Burke, who joined the Bank in 2005, is expected to continue these efforts. A consulting arrangement with Pasenelli will follow his retirement, ensuring a smooth transition. The Company manages approximately $2.3 billion in assets and is recognized as a top-performing small-cap bank.