Thomasville Bancshares, Inc. Announces Second Quarter 2024 Results
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. (OTC PINK: THVB) ha riportato risultati finanziari solidi per il secondo trimestre del 2024. Il reddito netto è aumentato del 15% a $10,206,006, mentre il reddito netto da inizio anno è salito del 10% a $19,563,994. Gli utili per azione per i primi sei mesi sono stati di $3.10. L'azienda ha ottenuto risultati impressionanti in termini di rendimenti da inizio anno, con un return on average assets del 2.28% e un return on average tangible equity del 25.06%.
Il totale degli attivi è cresciuto a $1.765 miliardi, con un aumento di $185 milioni rispetto all'anno precedente. I prestiti sono aumentati del 10.3% a $1.472 miliardi. Il capitale regolamentare dell'azienda si è attestato a $166 milioni, pari al 9.51% degli attivi. TNB Financial, il fornitore di servizi fiduciari e d'investimento dell'azienda, gestisce ora oltre $4 miliardi in attivi dei clienti.
Thomasville Bancshares, Inc. (OTC PINK: THVB) reportó resultados financieros sólidos para el segundo trimestre de 2024. El ingreso neto aumentó un 15% a $10,206,006, mientras que el ingreso neto acumulado hasta la fecha creció un 10% a $19,563,994. Las ganancias por acción en los primeros seis meses fueron de $3.10. La compañía logró retornos acumulativos impresionantes, con un retorno sobre activos promedio del 2.28% y un retorno sobre capital tangible promedio del 25.06%.
Los activos totales crecieron a $1.765 mil millones, un aumento de $185 millones con respecto al año anterior. Los préstamos aumentaron un 10.3% a $1.472 mil millones. El capital regulatorio de la compañía se situó en $166 millones, lo que representa el 9.51% de los activos. TNB Financial, el proveedor de servicios fiduciarios e inversiones de la compañía, ahora gestiona más de $4 mil millones en activos de clientes.
Thomasville Bancshares, Inc. (OTC PINK: THVB)는 2024년 2분기에 강력한 재무 실적을 보고했습니다. 순이익은 15% 증가하여 $10,206,006에 달했으며, 연초 대비 순이익은 10% 상승하여 $19,563,994에 도달했습니다. 주당순이익은 첫 6개월 동안 $3.10이었습니다. 이 회사는 연초 대비 수익률에서 인상적인 성과를 달성했으며, 평균 자산당 수익률이 2.28%, 평균 유형 자본 수익률이 25.06%에 이릅니다.
총 자산은 $1.765억으로 증가하였고, 전년 대비 $185백만 증가했습니다. 대출은 10.3% 증가하여 $1.472억에 달합니다. 이 회사의 규제 자본은 $166백만으로, 자산의 9.51%를 차지합니다. 회사의 신탁 및 투자 서비스 제공업체인 TNB Financial은 현재 고객 자산을 40억 달러 이상 관리하고 있습니다.
Thomasville Bancshares, Inc. (OTC PINK: THVB) a annoncé des résultats financiers solides pour le deuxième trimestre de 2024. Le revenu net a augmenté de 15 % pour atteindre 10 206 006 $, tandis que le revenu net depuis le début de l'année a augmenté de 10 % à 19 563 994 $. Les bénéfices par action pour les six premiers mois étaient de 3,10 $. L'entreprise a obtenu des rendements cumulés impressionnants, avec un retour sur actifs moyen de 2,28 % et un retour sur équité tangible moyenne de 25,06 %.
Les actifs totaux ont augmenté pour atteindre 1,765 milliard $, soit une hausse de 185 millions $ par rapport à l'année précédente. Les prêts ont augmenté de 10,3 % pour atteindre 1,472 milliard $. Le capital réglementaire de l'entreprise était de 166 millions $, représentant 9,51 % des actifs. TNB Financial, le fournisseur de services de fiducie et d'investissement de l'entreprise, gère désormais plus de 4 milliards $ d'actifs pour le compte de ses clients.
Thomasville Bancshares, Inc. (OTC PINK: THVB) berichtete starke Finanzergebnisse für das zweite Quartal 2024. Der Nettogewinn stieg um 15% auf $10,206,006, während der Nettogewinn von Jahresbeginn bis heute um 10% auf $19,563,994 zunahm. Der Gewinn pro Aktie in den ersten sechs Monaten betrug $3.10. Das Unternehmen erzielte beeindruckende YTD-Renditen mit einer Rendite von 2.28% auf das durchschnittliche Vermögen und 25.06% auf das durchschnittliche materielle Eigenkapital.
Die Gesamtsumme der Vermögenswerte wuchs auf $1.765 Milliarden, ein Anstieg um $185 Millionen im Vergleich zum Vorjahr. Kredite erhöhten sich um 10.3% auf $1.472 Milliarden. Das regulatorische Kapital des Unternehmens belief sich auf $166 Millionen und entsprach 9.51% der Vermögenswerte. TNB Financial, der Treuhand- und Anlageberatungsanbieter des Unternehmens, verwaltet jetzt über $4 Milliarden an Kundenvermögen.
- Net income increased 15% year-over-year to $10,206,006 in Q2 2024
- Year-to-date net income rose 10% to $19,563,994
- Earnings per share for the first six months were $3.10
- Return on Average Assets of 2.28% and Return on Average Tangible Equity of 25.06%
- Total assets grew by $185 million to $1.765 billion year-over-year
- Loans increased by 10.3% to $1.472 billion year-over-year
- Regulatory capital at $166 million, representing 9.51% of assets
- TNB Financial now manages over $4 billion in client assets
- None.
THOMASVILLE, Ga., July 25, 2024 (GLOBE NEWSWIRE) -- Thomasville Bancshares, Inc. (OTC PINK: THVB), the parent company of Thomasville National Bank and TNB Financial Services, today announced financial results for the quarter ended June 30, 2024.
Second Quarter 2024 Highlights
- Net Income for the quarter of
$10,206,006 compared to$8,846,207 for the same period last year, an increase of15% . - YTD Net Income of
$19,563,994 compared to$17,695,392 for the same period in 2023, an increase of10% . - Earnings per share for the first six months were
$3.10 . - YTD Return on Average Assets of
2.28% and Return on Average Tangible Equity of25.06% . - Total Assets of
$1.76 5 billion, an increase of$185 million over the same period in 2023. - Loans grew
$137 million to$1.47 2 billion, a10.3% increase year-over-year. - Regulatory Capital was
$166 million or9.51% of assets. - TNB Financial, provider of trust and investment services, now has client assets over
$4 billion .
Stephen H. Cheney, Chairman and CEO, said, “We are pleased to report our strong financial performance for the second quarter ended June 30, 2024. We believe that our Bank is well positioned to continue this strong performance in the second half of 2024 and beyond.”
Charles H. Hodges III, President, commented on the loan growth, “Enabled by experienced and empowered bankers, our ability to quickly respond to our customers’ needs with a common sense approach continues to separate us from the trends of the banking industry and is allowing us to achieve solid growth while maintaining excellent credit quality.”
The Bank’s regulatory capital as of June 30, 2024, was
About Thomasville Bancshares, Inc., and Thomasville National Bank
Thomasville Bancshares, Inc. was founded in 1995 as the holding company for Thomasville National Bank. Today the Bank has total assets of over
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