TCFC - TCFC STOCK NEWS

The Community Financial Corporation (NASDAQ: TCFC) reported a record net income of $6.4 million, or $1.12 per diluted share, for Q3 2021, marking a 68.6% increase from $3.8 million in Q3 2020. Return on average assets (ROAA) and equity (ROACE) were 1.17% and 12.45%, respectively. The bank's noninterest-bearing deposits rose 19.5% to $432.6 million. Asset quality improved, with non-accrual loans down to 0.31% of total assets. Total assets increased by 12.4% to $2.28 billion, while net loans decreased slightly to $1.57 billion. The bank aims for 8%-10% net loan growth in 2022.

The Community Financial Corporation (NASDAQ: TCFC) has been recognized as one of the top-performing small-cap banks in the Piper Sandler Bank & Thrift Sm-All Stars Class of 2021. This accolade highlights TCFC's market cap below $2.5 billion, with only 35 institutions making the list. The selection criteria included metrics like growth, profitability, credit quality, and capital strength. Leaders of the company acknowledge this recognition as a testament to their team's efforts and their commitment to delivering value to shareholders through strong financial performance.

The Community Financial Corporation (NASDAQ: TCFC) has declared a quarterly cash dividend of $0.15 per share, payable on or about October 18, 2021. Stockholders of record as of the close of business on October 4, 2021 will receive this dividend. As the bank holding company for Community Bank of the Chesapeake, TCFC operates multiple branches across Maryland and Virginia. The release also includes forward-looking statements regarding potential economic risks and uncertainties affecting future performance.

The Community Financial Corporation (NASDAQ: TCFC) reported strong financial performance for Q2 2021, with net income reaching $6.4 million or $1.10 per diluted share, up from $3.5 million in Q2 2020. For the first half of 2021, net income totaled $12.7 million, a significant increase compared to $6.2 million in the same period last year. The company achieved record returns on average assets (ROAA) and equity (ROACE), at 1.22% and 12.62% respectively. However, net interest margins compressed to 3.37% due to a low-interest-rate environment. The company also repurchased shares and increased dividends by 20%.

Community Bank of the Chesapeake has launched its annual Calendar Contest, inviting community members to submit photos for the 2022 calendar themed "Celebrating the Beauty in our Community." Submissions are accepted from June 1 to August 2, 2021, with selected photos voted on by the community. Participants can send digital copies via email or mail, ensuring photos are landscape-oriented and at least 300 dpi. The contest is open to everyone, including non-customers, promoting community engagement and showcasing local beauty.

The Community Financial Corporation (NASDAQ: TCFC) announced a quarterly cash dividend of $0.15 per share, to be paid on or about July 23, 2021. Shareholders of record as of July 12, 2021 will receive this payment. The Company, operating through Community Bank of the Chesapeake, serves various locations in Maryland and Virginia.

Forward-looking statements in the press release highlight potential risks, including economic trends and regulatory changes, that could impact future performance.

The Community Financial Corporation (NASDAQ: TCFC) reported strong financial results for Q1 2021, with net income of $6.3 million or $1.07 per diluted share, up from $2.7 million or $0.47 a year earlier. Key performance metrics included a return on average assets (ROAA) of 1.22% and a return on average common equity (ROACE) of 12.53%. Non-accrual loans fell to 0.77% of total assets, reflecting improved asset quality. A 20% increase in the quarterly dividend to $0.15 was also announced. The company continues to expand in Virginia, opening a new branch to capitalize on growing deposits and loans.

The Board of Directors of Community Financial Corporation (TCFC) has appointed James M. Burke as President, effective February 25, 2021. Burke, a banking veteran with over 20 years of experience, previously served as Executive Vice President and Chief Risk Officer. William Pasenelli remains as CEO. Chairman Austin J. Slater praised Burke’s leadership and experience, emphasizing his role in the company’s growth. Community Bank of the Chesapeake, a wholly-owned subsidiary of TCFC, manages over $2 billion in assets and operates 12 banking centers.

The Community Financial Corporation (NASDAQ: TCFC) has declared a quarterly cash dividend of $0.15 per share, set for payment on approximately April 26, 2021, to shareholders recorded by April 12, 2021. This announcement reflects the company's ongoing commitment to returning value to its investors. The Community Financial Corporation operates through its subsidiary, Community Bank of the Chesapeake, with multiple branches across Maryland and Virginia.