Quarterly ResultMay 13, 2026, 04:22 PM
Tri-County Financial Q1 Net Income $4.47M, EPS $1.88
AI Summary
Tri-County Financial Group, Inc. reported a significant increase in net income and earnings per share for the first quarter of 2026. Net income rose by 75.1% to $4.47 million, with basic EPS increasing by 75.7% to $1.88. The company also saw strong growth in net interest income and non-interest income, alongside a recovery in credit loss expense.
Key Highlights
- Net income increased by 75.1% to $4.47 million for Q1 2026.
- Basic earnings per share rose by 75.7% to $1.88 for Q1 2026.
- Net interest income grew by 17.6% to $13.68 million in Q1 2026.
- Total non-interest income increased by 14.3% to $4.11 million.
- The company reported a credit loss recovery of $305K in Q1 2026.
- Total deposits increased by 0.39% to $1.31 billion as of March 31, 2026.
- Cash dividends on common stock increased to $0.28 per share.
- Total stockholders' equity increased by 2.45% to $161.64 million.