Third Century Bancorp Q1 FY26 net income rises 34.72% to $605,000
THIRD CENTURY BANCORP 0.00%
THIRD CENTURY BANCORP TDCB | 16.18 | 0.00% |
- Third Century Bancorp posted net income of $605,000 for quarter ended March 31, 2026, up 34.72%, with EPS of $0.52.
- Net interest income climbed to $2.44 million, driven by higher average loan balances and average cash balances.
- Net interest margin widened 0.09 percentage points to 2.93%.
- Total deposits increased to $282.17 million while FHLB advances fell to $42 million as the bank reduced higher-cost wholesale funding.
- CEO David A. Coffey cited growth in core earnings, no non-performing loans, and expense control; tangible book value per share rose to $12.27.
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