Texas Community Bancshares, Inc.

Texas Community Bancshares, Inc. (TCBS) announced it has entered into a definitive merger agreement to acquire The Banc of San Jacinto County Bancshares, Inc. (SJCB) in an all-cash transaction valued at $9.5 million. The deal also includes SJCB's subsidiary, The Bank of San Jacinto County. As of June 30, 2026, SJCB Bank had total assets of $41.951 million. The merger is expected to close in the first quarter of 2027, subject to regulatory and shareholder approvals. Both companies' boards have unanimously approved the agreement.

Texas Community Bancshares reported a strong financial performance for the second quarter and first half of 2026. Net income for Q2 2026 increased significantly by 43% year-over-year, driven by higher net interest income and noninterest income. The company also saw growth in its balance sheet, with increases in total assets, loans receivable, and total deposits. Diluted earnings per share also showed a substantial improvement.

Texas Community Bancshares reported a strong first quarter for 2026, with net income increasing 30.0% to $836 thousand and basic earnings per share rising 45.5% to $0.32. The company saw a 3.1% increase in net interest income and a significant 51.1% jump in total noninterest income. Additionally, the provision for credit losses decreased substantially, and the company declared a higher cash dividend of $0.05 per share.

Texas Community Bancshares, Inc. reported strong unaudited financial results for the first quarter ended March 31, 2026. The company's net income increased by 30.0% to $836,000, up from $643,000 in the same period last year. This marks the sixth consecutive record quarter for the company, with Q1 2026 net income already surpassing the full-year net income of $518,000 reported in 2021.