Texas Community Bancshares Inc (OQ:TCBS)
Business Focus: Banks
Mixed as of April 01, 2024
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Latest 10 SEC Form 4 filings for TCBS*US within the last 6 months
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Company News
Feb 23, 2024 15:15 ET
TEXAS COMMUNITY BANCSHARES, INC. REPORTS UNAUDITED FINANCIAL RESULTS FOR THE YEAR ENDED DECEMBER 31, 2023
MINEOLA, Texas, Feb. 23, 2024 /PRNewswire/ -- Texas Community Bancshares, Inc. ("Texas Community Bancshares" or the "Company") (NASDAQ: TCBS), the holding company for Broadstreet Bank, SSB, today reported a net loss of $733,000 for the year ended December 31, 2023, compared to net income of $1,754,000 for 2022. Losses per basic and diluted share for the year ended December 31, 2023 were $(0.24), compared to basic and diluted earnings per share of $0.58 for 2022.
Nov 09, 2023 15:00 ET
Texas Community Bancshares, Inc. Authorizes New Stock Repurchase Program
MINEOLA, Texas, Nov. 9, 2023 /PRNewswire/ -- Texas Community Bancshares, Inc. (the "Company") (NASDAQ: TCBS), the holding company of Mineola Community Bank, S.S.B., announced that its Board of Directors has approved a new stock repurchase program that authorizes the Company to repurchase up to 161,316 shares, which equals approximately 5% of its outstanding common stock as of October 25, 2023. The Company also announced that as of November 3, 2023, it had completed the repurchase of all 164,842 shares of its common stock authorized under the prior share repurchase program previously disclose
Valuation Ratios
Industry
Sector
Beta
N/A
--
--
Price to Sales - TTM
3.97
2.64
3.63
Price to Book - most recent quarter
0.84
1.02
1.32
Price to Cash Flow per share - TTM
--
12.01
13.19
Price to Free Cash Flow per share - TTM
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16.78
15.76
Business Summary
| Sector: Financials | Industry: Banks |
Texas Community Bancshares, Inc. is a holding company for Broadstreet Bank, SSB (the Bank). The Bank is a Texas-chartered savings bank. The Bank's business consists primarily of taking deposits from the general public and investing those deposits, together with funds generated from operations and borrowings from the Federal Home Loan Bank of Dallas, in residential real estate loans and commercial real estate loans and, to a lesser extent, commercial loans, construction and land loans, and consumer and other loans. It also invests in securities which have historically consisted primarily of mortgage-backed securities and obligations issued by the United States government-sponsored enterprises and others, state and municipal securities, collateralized mortgage obligations, corporate bonds, and Federal Home Loan Bank stock. It offers a variety of deposit accounts, including checking accounts, money market accounts, savings accounts and certificates of deposit accounts.
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