TC Bancshares, Inc. Reports Earnings Results for the Full Year Ended December 31, 2023
March 22, 2024 at 08:31 am EDT
Share
TC Bancshares, Inc. reported earnings results for the full year ended December 31, 2023. For the full year, the company reported net interest income was USD 13.92 million compared to USD 13.97 million a year ago. Net income was USD 0.265825 million compared to USD 1.76 million a year ago.
Basic earnings per share from continuing operations was USD 0.06 compared to USD 0.36 a year ago. Diluted earnings per share from continuing operations was USD 0.06 compared to USD 0.36 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. 
