Thomasville Bancshares, Inc. Announces Third Quarter 2024 Results
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 (OTC PINK: THVB) ha riportato risultati finanziari solidi per il terzo trimestre del 2024. Il reddito netto ha raggiunto $9,39 milioni, in aumento dell'11% rispetto al terzo trimestre del 2023. Il reddito netto dall'inizio dell'anno è aumentato dell'11% a $28,95 milioni. L'azienda ha registrato utili per azione di $4,53 (base) e $4,36 (diluiti) per i primi nove mesi. Il totale degli attivi è cresciuto a $1,816 miliardi, con prestiti in aumento dell'11% a $1,514 miliardi e depositi in crescita del 16% a $1,573 miliardi. L'azienda ha mantenuto un forte capitale regolamentare di $167 milioni e ha distribuito un dividendo in contante di $6,9 milioni ($1,05 per azione). Gli attivi dei clienti di TNB Financial hanno superato i $4,7 miliardi.
Thomasville Bancshares (OTC PINK: THVB) reportó sólidos resultados financieros para el tercer trimestre de 2024. El ingreso neto alcanzó $9,39 millones, un aumento del 11% en comparación con el tercer trimestre de 2023. El ingreso neto acumulado en el año aumentó un 11% a $28,95 millones. La compañía logró ganancias por acción de $4,53 (básicas) y $4,36 (diluidas) en los primeros nueve meses. Los activos totales crecieron a $1,816 mil millones, con préstamos que aumentaron un 11% a $1,514 mil millones y depósitos que subieron un 16% a $1,573 mil millones. La empresa mantuvo un sólido capital regulatorio de $167 millones y pagó un dividendo en efectivo de $6,9 millones ($1,05 por acción). Los activos de clientes de TNB Financial superaron los $4,7 mil millones.
Thomasville Bancshares (OTC PINK: THVB)는 2024년 3분기 강력한 재무 성과를 발표했습니다. 순이익은 $9.39 백만에 달하여, 2023년 3분기 대비 11% 증가했습니다. 연초 누적 순이익은 11% 증가한 $28.95 백만입니다. 회사는 첫 아홉 달 동안 기본 $4.53 및 희석 $4.36의 주당 순이익을 기록했습니다. 총 자산은 $1.816억으로 증가했으며, 대출은 11% 증가하여 $1.514억에 달하고, 예금은 16% 증가하여 $1.573억에 도달했습니다. 회사는 $167 백만의 강력한 규제 자본을 유지하고, $6.9 백만의 현금 배당금 ($1.05 per 주)를 지급했습니다. TNB Financial의 고객 자산은 $4.7 백만을 초과했습니다.
Thomasville Bancshares (OTC PINK: THVB) a annoncé de solides résultats financiers pour le troisième trimestre 2024. Le revenu net a atteint $9,39 millions, soit une augmentation de 11 % par rapport au troisième trimestre 2023. Le revenu net depuis le début de l'année a augmenté de 11 % pour atteindre $28,95 millions. La société a enregistré un bénéfice par action de $4,53 (de base) et $4,36 (dilué) au cours des neuf premiers mois. Les actifs totaux ont crû pour atteindre $1,816 milliards, avec des prêts augmentant de 11 % à $1,514 milliards et des dépôts en hausse de 16 % à $1,573 milliards. La société a maintenu un solide capital réglementaire de $167 millions et a versé un dividende en espèces de $6,9 millions ($1,05 par action). Les actifs des clients de TNB Financial ont dépassé les $4,7 milliards.
Thomasville Bancshares (OTC PINK: THVB) hat starke Finanzzahlen für das dritte Quartal 2024 veröffentlicht. Der Nettogewinn betrug $9,39 Millionen, was einem Anstieg von 11% im Vergleich zum dritten Quartal 2023 entspricht. Der Nettogewinn seit Jahresbeginn stieg um 11% auf $28,95 Millionen. Das Unternehmen erzielte einen Gewinn pro Aktie von $4,53 (Basis) und $4,36 (verwässert) in den ersten neun Monaten. Die Gesamtaktiva wuchsen auf $1,816 Milliarden, wobei die Kredite um 11% auf $1,514 Milliarden und die Einlagen um 16% auf $1,573 Milliarden anstiegen. Das Unternehmen hielt ein starkes regulatorisches Kapital von $167 Millionen und zahlte eine Bardividende von $6,9 Millionen ($1,05 pro Aktie). Die Kundenvermögen von TNB Financial überstiegen $4,7 Milliarden.
- Net income increased 11% YoY to $9.39 million in Q3 2024
- YTD net income grew 11% to $28.95 million
- Strong ROA of 2.21% and ROTE of 24.28%
- Loans increased 11% YoY to $1.514 billion
- Deposits grew 16% YoY to $1.573 billion
- TNB Financial client assets exceeded $4.7 billion
- None.
THOMASVILLE, Ga., Oct. 28, 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 September 30, 2024.
Third Quarter 2024 Highlights
- Net Income for the quarter of
$9,386,870 compared to$8,467,575 for the same period last year, an increase of11% . - YTD Net Income of
$28,950,864 compared to$26,162,967 for the same period in 2023, an increase of11% . - Earnings per share for the first nine months were
$4.53 (basic) and$4.36 (diluted). - YTD Return on Average Assets of
2.21% and Return on Average Tangible Equity of24.28% . - Total Assets of
$1.81 6 billion, an increase of$241 million over the same period in 2023. - Loans grew to
$1.51 4 billion, an increase of$150 million or11% year-over-year. - Deposits grew to
$1.57 3 billion, an increase of$220 million or16% year-over-year. - Regulatory Capital was
$167 million or9.26% of assets. During the third quarter the company paid a$6.9 million cash dividend ($1.05 per share). - TNB Financial, provider of trust and investment services, now has client assets over
$4.7 billion .
Stephen H. Cheney, Chairman and CEO, said “We are pleased to report our strong financial performance for the third quarter ended September 30, 2024. We believe that our Bank is well positioned to continue this strong performance through the remainder of 2024 and beyond.”
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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