TWCF - TWCF STOCK NEWS

Town and Country Financial Corporation (OTC: TWCF) announces the promotion of Denise Skiles to Executive Vice President and Chief Financial Officer following the retirement of Ed Depenbrok on September 30, 2022. Skiles has been with the company since 1982 and has played a vital role in its growth from $51 million to approximately $900 million in assets. The company is also moving forward with a planned merger with HBT Financial, Inc., expected to close in Q1 2023, pending regulatory approvals.

HBT Financial and Town and Country Financial Corporation announced a merger agreement valued at approximately $101.4 million. The merger will enhance HBT's Illinois market presence, giving it access to Springfield and St. Louis areas. As of June 30, 2022, Town and Country reported $875 million in assets and $744 million in deposits. The transaction is expected to yield a 17% earnings per share increase in 2023, with a 2.0-year tangible book value dilution earnback period. The deal requires regulatory approvals and is set to close in Q1 2023.

Town and Country Financial Corporation (TWCF) reported a second quarter 2022 net income of $2.6 million or $0.93 per share, showing a slight decrease from $2.8 million or $0.99 per share in Q2 2021. The company's return on average assets (ROA) stood at 1.19% with a return on tangible common equity (ROTCE) of 13.87%. Despite low housing activity affecting mortgage revenue, net interest margin expanded to 3.47%. A cash dividend of $0.14 per share was declared, payable September 15, 2022.

Town and Country Financial Corporation (TWCF) announced a record net income of $3.9 million ($1.37 per share) for Q1 2022, up from $2.8 million ($0.99 per share) in Q1 2021. The ROTCE improved to 19.92%, compared to 16.29% a year earlier. Despite challenges from rising interest rates and a 3.1% decline in tangible book value per share, total assets increased to $896.8 million. The company declared a dividend of $0.14 per share, further illustrating strong performance amid industry headwinds. Nonperforming loans improved to 0.77% of total loans.

Three Town and Country Financial Corporation (TWCF) Board members announced their retirement in April 2022 after a combined 76 years of service. Mark O. Roberts, Jr. retired after 48 years, overseeing significant growth from $25 million to over $900 million in assets. John S. Cobb, with 22 years on the Board, contributed to governance and strategic direction. Bart J. Solon, a Board member since 2016, brought entrepreneurial insights. New directors elected at the Annual Meeting include David E. Kirschner and others, ensuring continued governance.

Town and Country Financial Corporation (TWCF) reported strong financial results for Q4 2021 and record net income for the full year, posting $2.67 million in net income for Q4 and $11.2 million for 2021, up from $7.1 million in 2020. EPS for the year reached $3.95, a significant increase from $2.49 in 2020. The company maintained solid asset quality with a zero provision for loan losses and a ROTCE of 15.23%. Total assets rose to $907 million, supported by a $53 million increase in deposits. Although mortgage banking fees declined, the tangible book value per share increased by 14% to $27.60.

Town and Country Financial Corporation (TWCF) reported record third quarter net income of $2.9 million with earnings per share of $1.04, compared to $2.1 million ($0.73) in Q3 2020. The company achieved net revenue of $11.5 million, supported by a strong net interest income of $7.1 million and mortgage banking fees of $3.1 million. The tangible book value per share rose 16% year-over-year to $27.00. A 40% dividend increase to $0.14 reflects strong profitability. Total assets increased to $892.6 million, primarily driven by a $65.8 million rise in deposits.

Town and Country Financial Corporation (TWCF) has appointed Marc Perry to its Board of Directors as of September 30, 2021. Mr. Perry brings over 20 years of experience in technical management and corporate business development from his role at KBR, Inc. His expertise will enhance the Board's capabilities, benefiting shareholders, customers, and employees. Additionally, Perry's involvement with various organizations emphasizes his commitment to community and innovation. Town and Country Financial Corporation operates a range of banking services through its branches across Illinois.

Town and Country Financial Corporation (TWCF) reported record financial results for Q2 2021, with net income reaching $2.8 million ($0.99 per share), significantly up from $1.1 million ($0.37 per share) in Q2 2020. Key highlights included a strong net revenue of $11.1 million, driven by robust mortgage volumes, and a return on tangible common equity of 15.96%. Additionally, total deposits increased by $20 million year-over-year. The company declared a $0.10 cash dividend for shareholders, payable on September 15, 2021.