Thomasville Bancshares Inc - THVB STOCK NEWS

Thomasville Bancshares (OTCPK:THVB) has declared a cash dividend of $1.25 per share, payable on December 13, 2024, to shareholders of record as of December 3, 2024. The total dividend for 2024 amounts to $2.30, marking a 15% increase from the 2023 dividend of $2.00. The company has distributed over $108 million in dividends to local shareholders over the past twenty-five years, demonstrating its commitment to sharing earnings with the community.

Thomasville Bancshares (OTC PINK: THVB) reported strong Q3 2024 financial results. Net income reached $9.39 million, up 11% from Q3 2023. Year-to-date net income increased 11% to $28.95 million. The company achieved earnings per share of $4.53 (basic) and $4.36 (diluted) for the first nine months. Total assets grew to $1.816 billion, with loans increasing 11% to $1.514 billion and deposits rising 16% to $1.573 billion. The company maintained strong regulatory capital of $167 million and paid a $6.9 million cash dividend ($1.05 per share). TNB Financial's client assets exceeded $4.7 billion.

Thomasville Bancshares, Inc. (OTC PINK: THVB) reported strong financial results for Q2 2024. Net income increased 15% to $10,206,006, while year-to-date net income rose 10% to $19,563,994. Earnings per share for the first six months were $3.10. The company achieved impressive YTD returns, with a 2.28% Return on Average Assets and a 25.06% Return on Average Tangible Equity.

Total assets grew to $1.765 billion, up $185 million year-over-year. Loans increased by 10.3% to $1.472 billion. The company's regulatory capital stood at $166 million, representing 9.51% of assets. TNB Financial, the company's trust and investment services provider, now manages over $4 billion in client assets.

Thomasville Bancshares, Inc. (THVB) announces a cash dividend of $1.05 per share and strong first-quarter 2024 results. The company reported a 6% increase in net income, a 24.74% return on average shareholders' equity, and total assets of $1.743 billion. TNB has experienced significant loan growth and maintains a total Regulatory Capital of $155 million, well above the required level. The Annual Meeting of Shareholders is scheduled for May 14th.

Thomasville Bancshares, Inc. (THVB) reported a 30% increase in net income to $33.5 million, resulting in a 2.14% ROA and a 23.9% ROE for the year ended December 31, 2023. Total assets increased to $1.65 billion, with loans growing by 12% to $1.42 billion and deposits growing by 7% to $1.43 billion. The company also announced a $5 million stock repurchase authorization and increased dividends for the 23rd consecutive year. TNB Financial Services had an outstanding year with over $4.1 billion in assets under management and generating over $16 million in fee income. The company's credit quality remained strong with a non-performing assets ratio of 0.05% at year end.