Texas Community Bancshares, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 10, 2023 at 05:01 pm EDT
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Texas Community Bancshares, Inc. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported net interest income was USD 2.65 million compared to USD 2.49 million a year ago. Net income was USD 0.16 million compared to USD 0.416 million a year ago. Basic earnings per share from continuing operations was USD 0.05 compared to USD 0.14 a year ago. Diluted earnings per share from continuing operations was USD 0.05 compared to USD 0.14 a year ago.
For the six months, net interest income was USD 5.28 million compared to USD 4.8 million a year ago. Net loss was USD 0.857 million compared to net income of USD 0.807 million a year ago. Basic loss per share from continuing operations was USD 0.28 compared to basic earnings per share from continuing operations of USD 0.27 a year ago. Diluted loss per share from continuing operations was USD 0.28 compared to diluted earnings per share from continuing operations of USD 0.27 a year ago.
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. 
