TAYLOR(CLVN B)BKG BRLN MD - TYCB STOCK NEWS

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Calvin B. Taylor Bankshares, Inc., the holding company for Calvin B. Taylor Banking Company, operates as a commercial banking provider offering a range of banking products and services to individuals, small-to-medium-sized businesses, associations, and governmental entities. The company offers various types of accounts, including checking, money market, savings, and individual retirement accounts, as well as consumer loans, mortgage loans, and commercial loans. Additionally, it provides debit cards, ATM services, and online, mobile, and phone banking services. With 11 banking locations along the eastern coast, Calvin B. Taylor Bankshares, Inc. is committed to delivering exceptional financial services to the communities it serves.

04/10/2024 05:10 PM

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Calvin B. Taylor Bankshares, Inc. Reports Fourth Quarter and Year End Financial Results for 2023

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Calvin B. Taylor Bankshares, Inc. (TYCB) reported strong financial results for the year ended December 31, 2023, with net income of $13.5 million, a 14.6% increase from the previous year. Return on Average Assets and Equity also improved significantly. Despite a decrease in deposits, the company's financial condition remained robust, with a focus on core deposits and liquidity.

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01/29/2024 04:35 PM

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Taylor Bank Announces President and Chief Executive Officer Retirement and Succession Plan

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Calvin B. Taylor Bankshares, Inc. announced the retirement of President and CEO Raymond M. Thompson, effective December 31, 2024, after 27 years of service. M. Dean Lewis, the current Executive Vice President and CFO, will succeed Mr. Thompson, effective January 1, 2025. Mr. Lewis has a strong financial background and has been with the company since 2012. The Board of Directors expressed gratitude to Mr. Thompson and looks forward to a successful leadership transition in 2024.

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01/16/2024 04:30 PM

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Calvin B. Taylor Bankshares, Inc. Announces Quarterly Cash Dividend of $0.34 per Share

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Calvin B. Taylor Bankshares, Inc. (TYCB) declared a regular quarterly cash dividend of $0.34 per share, payable on February 1, 2024. The announcement was made on January 16, 2024, and the dividend is for stockholders of record as of January 22, 2024.

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12/18/2023 04:30 PM

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Calvin B. Taylor Bankshares, Inc. Announces Special Cash Dividend of $0.40 per Share

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Calvin B. Taylor Bankshares, Inc. (TYCB) Declares Special Cash Dividend of $0.40 per Share

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12/07/2023 09:00 AM

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Calvin B. Taylor Bankshares, Inc. Reports Third Quarter 2023 Financial Results

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Calvin B. Taylor Bankshares, Inc. (TYCB) reported a 23.8% increase in net income for the nine months ended September 30, 2023, reaching $10.7 million, with a 11.5% increase in quarterly net income to $4.1 million for the third quarter of 2023. Organic loan growth continued in 2023 with loans growing $42.2 million, or 8.2%, since December 31, 2022. However, deposits decreased by $11.5 million or 1.4% since December 31, 2022, and deposits decreased by $42.0 million or 5.0% in the previous 12 months. On-balance sheet liquidity remained strong at 30.7% of total deposits as of September 30, 2023.

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09/29/2023 08:30 AM

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Calvin B. Taylor Bankshares, Inc. Announces Quarterly Cash Dividend of $0.34 per Share

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Calvin B. Taylor Bankshares, Inc. declares a regular quarterly cash dividend of $0.34 per share.

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09/12/2023 07:15 PM

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Calvin B. Taylor Bankshares, Inc. Reports Second Quarter 2023 Financial Results

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Calvin B. Taylor Bankshares reports strong financial performance with net income increasing 33% to $6.6 million for the six months ended June 30, 2023. Net interest income increased by 29.1% to $14.8 million. Organic loan growth of $47.0 million (9.2%) and improvement in net interest margin contributed to higher earnings. However, deposits and total assets decreased by $43.0 million (5.2%) and $38.8 million (4.2%) respectively in the previous 12 months. On-balance sheet liquidity remains strong at 29.0% of total deposits. Noncore funding sources were not utilized.

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06/21/2023 04:30 PM

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Calvin B. Taylor Bankshares, Inc. Announces Increase in Quarterly Cash Dividend to $0.34 per Share

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06/02/2023 04:30 PM

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Calvin B. Taylor Bankshares, Inc. Reports First Quarter 2023 Financial Results

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03/10/2023 05:00 PM

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Calvin B. Taylor Bankshares, Inc. Announces Quarterly Cash Dividend of $0.33 per Share

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Calvin B. Taylor Bankshares, Inc. (OTCQX:TYCB) announced a quarterly cash dividend of $0.33 per share, payable on April 17, 2023, to stockholders of record by the close of business on March 31, 2023. The company's President, Raymond M. Thompson, highlighted strong first-quarter earnings driven by a balanced investment portfolio and ongoing loan demand, alongside an interest rate increase by the Federal Reserve. Although economic concerns persist, the Board remains committed to delivering stable returns to shareholders.

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FAQ

What is the current stock price of TAYLOR(CLVN B)BKG BRLN MD (TYCB)?

The current stock price of TAYLOR(CLVN B)BKG BRLN MD (TYCB) is $48 as of January 17, 2025.

What is the market cap of TAYLOR(CLVN B)BKG BRLN MD (TYCB)?

The market cap of TAYLOR(CLVN B)BKG BRLN MD (TYCB) is approximately 130.9M.

What products and services does Calvin B. Taylor Bankshares, Inc. offer?

Calvin B. Taylor Bankshares, Inc. provides commercial banking products and services, including checking, money market, savings, and individual retirement accounts, as well as consumer loans, mortgage loans, and commercial loans.

How many banking locations does Calvin B. Taylor Bankshares, Inc. have?

Calvin B. Taylor Bankshares, Inc. has 11 banking locations along the eastern coast.

What are the highlights of Calvin B. Taylor Bankshares, Inc.'s financial results for the latest quarter?

Calvin B. Taylor Bankshares, Inc. reported strong financial performance in the latest quarter, showcasing net income growth and ongoing organic loan growth.

What is the Company's approach to maintaining liquidity and capital?

Calvin B. Taylor Bankshares, Inc. emphasizes maintaining on-balance sheet liquidity, remaining highly liquid, well-capitalized, and ready to meet the loan and deposit needs of the communities it serves.

How does Calvin B. Taylor Bankshares, Inc. address deposit outflows and changes in deposit trends?

Calvin B. Taylor Bankshares, Inc. closely monitors deposit outflows, with a focus on managing interest rate sensitive deposits moving to short-term bond investments, while maintaining a commitment to core deposits and preserving liquidity.

What factors have influenced the recent loan growth experienced by Calvin B. Taylor Bankshares, Inc.?

Loan growth at Calvin B. Taylor Bankshares, Inc. has been driven by strong demand for local real estate, previously committed construction loans, and borrowers seeking to secure lower interest rates amidst rising interest rate environments.