Welcome to our dedicated page for Tri-County Financial news (Ticker: TYFG), a resource for investors and traders seeking the latest updates and insights on Tri-County Financial stock.
Tri-County Financial Group (TYFG) provides comprehensive community banking services through its First State Bank subsidiary, with strategic focus on asset quality and regional growth. This news hub offers investors and stakeholders timely updates about the company's financial developments and market position.
Access authoritative reporting on TYFG's quarterly earnings, strategic initiatives, and regulatory filings. Our curated collection features press releases about loan portfolio adjustments, deposit growth strategies, and leadership updates – all essential for understanding this regional banking leader's trajectory.
Key coverage areas include detailed analyses of interest margin trends, non-performing loan ratios, and community reinvestment programs. Bookmark this page for immediate access to TYFG's latest financial disclosures and operational milestones, carefully vetted for accuracy and relevance.
Tri-County Financial Group (OTCQX: TYFG) has reported its Q1 2025 financial results. The company achieved a net income of $2.6 million ($1.07 per share), slightly down from $2.7 million ($1.10 per share) in Q1 2024. Net interest margin improved to 3.31% from 2.93% year-over-year, while net interest income increased 10% to $11.6 million.
Key financial metrics include:
- Non-interest income rose 20% to $3.6 million
- Total loans decreased 1% to $1.278 billion
- Total deposits grew by $18.2 million (1% year-over-year)
- Investment portfolio decreased 13% to $147.4 million
The company maintains strong asset quality with nonperforming loans at 0.40% of total loans, improved from 0.63% in Q1 2024. The Board declared a regular dividend of $0.25 per share, payable April 10, 2025. TYFG's capital position remains solid with a Tier 1 leverage ratio of 9.79%.
Tri-County Financial Group (OTCQX: TYFG) reported Q4 2024 net income of $2.4 million ($1.00 per share), up from $2.3 million ($0.94 per share) in Q4 2023. Full-year 2024 net income reached $10.4 million ($4.33 per share), compared to $10.0 million in 2023.
Q4 2024 performance showed improvements with net interest income at $10.9 million (up 2%), non-interest income at $4.0 million (up 5%), while non-interest expense increased to $11.9 million (up 2.6%). The investment portfolio decreased 18% to $143.7 million, while total loans slightly increased to $1.285 billion. Asset quality improved with nonperforming loans decreasing to 0.33% from 0.55% year-over-year.
The company maintained strong capital levels with a Tier 1 leverage ratio of 10.26% and declared a regular dividend of $0.25 per share.
Tri-County Financial Group (OTCQX: TYFG) reported Q3 2024 net income of $3.1 million ($1.27 per share), down from $3.6 million ($1.45 per share) in Q3 2023. Nine-month net income increased to $8.0 million ($3.33 per share) from $7.8 million. Net interest income remained stable at $10.9 million. Total loans grew 2% to $1.26 billion, while deposits increased 5% year-over-year. The investment portfolio decreased 15% to $146.6 million. Asset quality improved with nonperforming loans at 0.41% of total loans. The company maintains a solid Tier 1 leverage ratio of 9.56% and declared a $0.20 per share dividend.
Tri-County Financial Group (OTCQX: TYFG) reported its Q2 2024 financial results. Net income was $2.3 million ($0.95 per share), down from $2.7 million in Q2 2023. For the first half of 2024, net income reached $5.0 million ($2.06 per share). Net interest income decreased 4% to $10.6 million, while non-interest income increased 3% to $4.1 million. Total loans grew 6% year-over-year to $1.29 billion. Deposits increased 4% to $49.9 million. The company maintained a solid Tier 1 leverage ratio of 9.45%. A regular dividend of $0.20 per share was declared, payable on July 11, 2024.
Tri-County Financial Group, Inc. reported strong financial results for the first quarter of 2024. Net income increased to $2.7 million compared to $1.5 million in the same period last year. The net interest income and total loans also saw positive growth, while non-interest income experienced a slight decrease. The company maintained a healthy asset quality, with low nonperforming loans and a solid Tier 1 leverage ratio. Despite challenges in the mortgage market, Tri-County Financial Group, Inc. remains focused on improving margins and offering competitive rates to its customers.
Tri-County Financial Group, Inc. (OTCQX: TYFG) reported fourth quarter 2022 financial results, showing net income of $2.3 million ($0.92 per share), up from $1.9 million ($0.79 per share) a year earlier. Net interest income slightly decreased to $10.7 million, reflecting a net interest margin of 3.27%. Noninterest income fell by 36% to $2.5 million due to decreased mortgage volume. Total loans rose by 19% to $1.211 billion, with nonperforming loans at 0.25%. The company declared a regular dividend of $0.20 and a special dividend of $0.10 per share.
Tri-County Financial Group has declared a quarterly dividend of 20 cents per share, alongside a special dividend of 10 cents per share. Both dividends are payable on January 12, 2023, to shareholders of record on December 31, 2022. This move underscores the company's commitment to returning value to its shareholders amid a robust financial standing.
