Texas Community Bancshares, Inc. Reports Earnings Results for the First Quarter Ended March 31, 2022
May 13, 2022 at 03:01 pm EDT
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Texas Community Bancshares, Inc. reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported net interest income was USD 2.31 million compared to USD 2.04 million a year ago. Net income was USD 0.391 million compared to USD 0.242 million a year ago. Basic earnings per share from continuing operations was USD 0.13. Diluted earnings per share from continuing operations was USD 0.13.
Texas Community Bancshares, Inc. is a holding company for Broadstreet Bank, SSB (the Bank). The Bank is a Texas-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 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.
TEXAS COMMUNITY BANCSHARES, INC. 
