TC Bancshares, Inc. Reports Earnings Results for the First Quarter Ended March 31, 2024
May 11, 2024 at 01:31 am IST
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TC Bancshares, Inc. reported earnings results for the first quarter ended March 31, 2024. For the first quarter, the company reported net interest income was USD 3.39 million compared to USD 3.62 million a year ago. Net income was USD 0.022237 million compared to USD 0.332029 million a year ago.
Basic earnings per share from continuing operations was USD 0.01 compared to USD 0.07 a year ago. Diluted earnings per share from continuing operations was USD 0.01 compared to USD 0.07 a year ago.
TC Bancshares, Inc. is a bank holding company. The Company, through its subsidiary TC Federal Bank (the Bank), operates a chartered savings bank. The Bankâs business consists primarily of taking deposits from the general public and investing those deposits, together with funds generated from operations in one-to-four family residential real estate loans, commercial real estate and multi-family loans, acquisition, development and land loans, commercial and industrial loans, home equity loans and lines of credit and consumer loans. It conducts its business from its main office in Thomasville, Georgia as well as additional branch banking locations in Tallahassee, Florida and new branch locations in Jacksonville, Florida and Savannah, Georgia. Its investment portfolio includes United States treasury securities; securities issued by the United States government and its agencies or government sponsored enterprises, including mortgage-backed securities and collateralized mortgage obligations.
TC BANCSHARES, INC. 
