Tri-County Financial Group, Inc. Reports First Quarter 2025 Financial Results
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) ha comunicato i risultati finanziari del primo trimestre 2025. La società ha registrato un utile netto di 2,6 milioni di dollari (1,07 dollari per azione), leggermente inferiore ai 2,7 milioni di dollari (1,10 dollari per azione) del primo trimestre 2024. Il margine di interesse netto è migliorato al 3,31% rispetto al 2,93% dell’anno precedente, mentre il reddito da interessi netti è aumentato del 10%, raggiungendo 11,6 milioni di dollari.
I principali indicatori finanziari includono:
- Il reddito non da interessi è cresciuto del 20%, arrivando a 3,6 milioni di dollari
- Il totale dei prestiti è diminuito dell’1%, attestandosi a 1,278 miliardi di dollari
- Il totale dei depositi è aumentato di 18,2 milioni di dollari (1% su base annua)
- Il portafoglio investimenti è sceso del 13%, a 147,4 milioni di dollari
L’azienda mantiene una solida qualità degli asset con prestiti in sofferenza pari allo 0,40% del totale prestiti, migliorati rispetto allo 0,63% del primo trimestre 2024. Il Consiglio ha dichiarato un dividendo ordinario di 0,25 dollari per azione, pagabile il 10 aprile 2025. La posizione patrimoniale di TYFG resta solida con un rapporto di leva Tier 1 del 9,79%.
Tri-County Financial Group (OTCQX: TYFG) ha reportado sus resultados financieros del primer trimestre de 2025. La compañía logró un ingreso neto de 2.6 millones de dólares (1.07 dólares por acción), ligeramente inferior a los 2.7 millones de dólares (1.10 dólares por acción) del primer trimestre de 2024. El margen de interés neto mejoró a 3.31% desde 2.93% interanual, mientras que los ingresos netos por intereses aumentaron un 10%, alcanzando los 11.6 millones de dólares.
Las métricas financieras clave incluyen:
- Los ingresos no relacionados con intereses aumentaron un 20% hasta 3.6 millones de dólares
- Los préstamos totales disminuyeron un 1% hasta 1.278 mil millones de dólares
- Los depósitos totales crecieron 18.2 millones de dólares (1% interanual)
- La cartera de inversiones disminuyó un 13% hasta 147.4 millones de dólares
La empresa mantiene una sólida calidad de activos con préstamos morosos en 0.40% del total de préstamos, mejorando desde 0.63% en el primer trimestre de 2024. La Junta declaró un dividendo regular de 0.25 dólares por acción, pagadero el 10 de abril de 2025. La posición de capital de TYFG sigue siendo sólida con un ratio de apalancamiento Tier 1 del 9.79%.
Tri-County Financial Group (OTCQX: TYFG)는 2025년 1분기 재무 실적을 발표했습니다. 회사는 260만 달러(주당 1.07달러)의 순이익을 기록했으며, 이는 2024년 1분기의 270만 달러(주당 1.10달러)보다 소폭 감소한 수치입니다. 순이자마진은 전년 대비 2.93%에서 3.31%로 개선되었으며, 순이자수익은 10% 증가한 1,160만 달러를 기록했습니다.
주요 재무 지표는 다음과 같습니다:
- 비이자수익은 20% 증가하여 360만 달러
- 총 대출액은 1% 감소하여 12억 7,800만 달러
- 총 예금은 1년 전 대비 1% 증가한 1,820만 달러 증가
- 투자 포트폴리오는 13% 감소하여 1억 4,740만 달러
회사는 총 대출 대비 부실 대출 비율이 0.40%로, 2024년 1분기의 0.63%에서 개선되며 강한 자산 건전성을 유지하고 있습니다. 이사회는 주당 0.25달러의 정기 배당금을 선언했으며, 2025년 4월 10일에 지급될 예정입니다. TYFG의 자본 상태는 Tier 1 레버리지 비율 9.79%로 견고합니다.
Tri-County Financial Group (OTCQX: TYFG) a publié ses résultats financiers du premier trimestre 2025. La société a réalisé un revenu net de 2,6 millions de dollars (1,07 dollar par action), en légère baisse par rapport à 2,7 millions de dollars (1,10 dollar par action) au premier trimestre 2024. La marge d’intérêt nette s’est améliorée à 3,31% contre 2,93% l’année précédente, tandis que le revenu net d’intérêts a augmenté de 10% pour atteindre 11,6 millions de dollars.
Les principaux indicateurs financiers comprennent :
- Les revenus hors intérêts ont augmenté de 20% pour atteindre 3,6 millions de dollars
- Le total des prêts a diminué de 1% pour s’établir à 1,278 milliard de dollars
- Les dépôts totaux ont augmenté de 18,2 millions de dollars (1% en glissement annuel)
- Le portefeuille d’investissements a diminué de 13% pour atteindre 147,4 millions de dollars
L’entreprise maintient une bonne qualité d’actifs avec des prêts non performants à 0,40% du total des prêts, en amélioration par rapport à 0,63% au premier trimestre 2024. Le conseil d’administration a déclaré un dividende régulier de 0,25 dollar par action, payable le 10 avril 2025. La position en capital de TYFG reste solide avec un ratio de levier Tier 1 de 9,79%.
Tri-County Financial Group (OTCQX: TYFG) hat seine Finanzergebnisse für das erste Quartal 2025 veröffentlicht. Das Unternehmen erzielte einen Nettoertrag von 2,6 Millionen US-Dollar (1,07 US-Dollar je Aktie), was leicht unter den 2,7 Millionen US-Dollar (1,10 US-Dollar je Aktie) im ersten Quartal 2024 liegt. Die Nettozinsmarge verbesserte sich von 2,93 % auf 3,31 % im Jahresvergleich, während der Nettozinsertrag um 10 % auf 11,6 Millionen US-Dollar stieg.
Wichtige Finanzkennzahlen sind:
- Die Erträge aus nicht zinstragenden Geschäften stiegen um 20 % auf 3,6 Millionen US-Dollar
- Die Gesamtkredite sanken um 1 % auf 1,278 Milliarden US-Dollar
- Die Gesamteinlagen wuchsen um 18,2 Millionen US-Dollar (1 % im Jahresvergleich)
- Das Anlageportfolio verringerte sich um 13 % auf 147,4 Millionen US-Dollar
Das Unternehmen hält eine starke Vermögensqualität mit notleidenden Krediten von 0,40 % der Gesamtkredite, verbessert gegenüber 0,63 % im ersten Quartal 2024. Der Vorstand erklärte eine reguläre Dividende von 0,25 US-Dollar je Aktie, zahlbar am 10. April 2025. Die Kapitalposition von TYFG bleibt mit einer Tier-1-Leverage-Ratio von 9,79 % solide.
- None.
- None.
Net income for the first quarter of 2025 was
Net interest income was
Non-interest income was
Non-interest expense was
Our investment portfolio consists entirely of debt securities classified as available-for-sale; therefore, unrealized gains and losses are fully reported on our balance sheet. None of our securities are classified as held-to-maturity. The investment portfolio decreased
Total loans decreased
The provision for credit loss had a provision of
Total deposits increased
The Company's capital levels remain solid as of March 31, 2025, with a Tier 1 leverage ratio of
On March 18, 2025, the Board of Directors declared a regular dividend of
In announcing the results, Tri-County Financial Group, Inc. President and CEO Tim McConville, stated, "Our first quarter numbers reflected solid earnings and improvement of net interest margin and in-market deposit growth. Despite the challenging economic and political environment for financial institutions, solid earnings performance existed as we remain attentive to our loan and deposit strategies. We remain diligent in monitoring our local competition to offer competitive rates while continuing to provide exceptional community banking services. Our loan portfolio continues to remain strong with minimal charge-offs and we believe that our diversified balance sheet and lines of business continue to be well-positioned. Asset quality as measured by nonperforming loans to total loans is stable as we continue to see solid performance with our borrowers. In our 85th year of business with First State Bank, we remain steadfast in our commitment to the communities and our customers in which we serve."
Tri-County Financial Group, Inc. is the parent holding company for First State Bank, with offices in
Note: This press release may contain forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. Actual results and trends could differ materially from those set forth in such statements due to various factors, including operating; legal and regulatory risks; changing economic and competitive conditions; and other risks and uncertainties.
TRI COUNTY FINANCIAL GROUP, INC. & SUBSIDIARIES | |||||
CONSOLIDATED STATEMENTS OF INCOME | |||||
QUARTER ENDED MARCH 31ST | |||||
(Unaudited, 000s omitted, except share data) | |||||
2025 | 2024 | ||||
Interest Income | $ 19,530 | $ 18,989 | |||
Interest Expense | 7,892 | 8,509 | |||
Net Interest Income | 11,638 | 10,480 | |||
Provision for Credit Losses | 501 | (1,286) | |||
Net Interest Income After Provision for Credit | 11,137 | 11,766 | |||
Non-Interest Income | 3,596 | 3,012 | |||
FDIC Assessments | 166 | 180 | |||
Non-Interest Expenses | 11,134 | 11,008 | |||
Income Before Income Taxes | 3,433 | 3,590 | |||
Applicable Income Taxes | 879 | 915 | |||
Security Gains (Losses) | - | - | |||
Net Income (Loss) | $ 2,554 | $ 2,675 | |||
Basic Net Income Per Share | $ 1.07 | $ 1.10 | |||
Weighted Average Shares Outstanding | 2,388,443 | 2,423,418 | |||
TRI-COUNTY FINANCIAL GROUP, INC. & SUBSIDIARIES | ||||
CONSOLIDATED BALANCE SHEETS | ||||
(Unaudited, 000s omitted, except share data) | ||||
ASSETS | 3/31/2025 | 3/31/2024 | ||
Cash and Due from Banks | $ 43,692 | $ 21,372 | ||
Federal Funds Sold | 1,842 | 1,353 | ||
Debt Securities Available-for-Sale | 147,398 | 169,149 | ||
Loans and Leases | 1,278,334 | 1,290,647 | ||
Less: Allowance for Credit Losses | (14,504) | (15,005) | ||
Loans, Net | 1,263,830 | 1,275,642 | ||
Premises & Equipment | 25,147 | 25,481 | ||
Intangibles | 8,694 | 8,717 | ||
Other Real Estate Owned | 241 | 167 | ||
Accrued Interest Receivable | 8,198 | 8,230 | ||
Other Assets | 37,450 | 39,859 | ||
TOTAL ASSETS | $ 1,536,492 | $ 1,549,970 | ||
LIABILITIES | ||||
Demand Deposits | 178,860 | 175,133 | ||
Interest-bearing Demand Deposits | 417,340 | 406,154 | ||
Savings Deposits | 203,928 | 198,660 | ||
Time Deposits | 502,816 | 504,837 | ||
Total Deposits | 1,302,944 | 1,284,784 | ||
Repurchase Agreements | 22,266 | 21,107 | ||
FHLB and Other Borrowings | 32,917 | 74,500 | ||
Interest Payable | 160 | 161 | ||
Subordinated Debt | 9,840 | 9,816 | ||
Total Repos & Borrowings | 65,183 | 105,584 | ||
Other Liabilities | 21,702 | 21,654 | ||
Dividends Payable | 609 | 496 | ||
TOTAL LIABILITIES | $ 1,390,438 | $ 1,412,518 | ||
STOCKHOLDERS' EQUITY | ||||
Common Stock | 2,388 | 2,424 | ||
Additional Paid-in-Capital | 20,956 | 22,429 | ||
Retained Earnings | 131,750 | 123,603 | ||
Accumulated Other Comprehensive Loss | (9,040) | (11,004) | ||
TOTAL STOCKHOLDERS' EQUITY | 146,054 | 137,452 | ||
TOTAL LIABILITIES AND | $ 1,536,492 | $ 1,549,970 | ||
Book Value Per Share | $ 61.15 | $ 56.72 | ||
Tangible Book Value Per Share | $ 57.51 | $ 53.12 | ||
Bid Price | $ 44.50 | $ 41.52 | ||
Period End Outstanding Shares | 2,388,443 | 2,423,518 | ||
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SOURCE Tri-County Financial Group, Inc.
FAQ
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