Texas Community Bancshares posts FY2023 net loss of $733K vs $1.75M profit in 2022

Texas Community Bancshares, Inc.

2023-FY EPS reported -$0.24

Net loss per share $(0.24), down from EPS of $0.58 in 2022.
Net interest income rose 7.6% to $11.1M; noninterest income fell 78.9% to $352K due to $1.7M securities loss.
Securities sales of $19.8M as part of balance sheet restructuring; $1.4M after-tax loss.
Noninterest expense increased 22.4% to $12.0M driven by incentive plan costs and CEO retirement expenses.
Shareholders' equity declined 3.9% to $53.7M; 174,842 shares repurchased for $2.2M.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.85

Texas Community Bancshares, Inc. reported the year ended December 31, 2022 results: net income net income of $1,754,000, EPS $0.58.

Period: the year ended December 31, 2022
Net income: net income of $1,754,000
EPS: $0.58
Result: reported results

Exact text from the filing

Texas Community Bancshares, Inc. ("Texas Community Bancshares" or the "Company") (NASDAQ: TCBS), the holding company for Broadstreet Bank, SSB, today reported a net loss of $733,000 for the year ended December 31, 2023, compared to net income of $1,754,000 for 2022.

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 0.85

Texas Community Bancshares, Inc. reported the year ended December 31, 2023 results: net income a net loss of $733,000, EPS $(0.24).

Period: the year ended December 31, 2023
Net income: a net loss of $733,000
EPS: $(0.24)
Result: reported results

Exact text from the filing

On February 23, 2024, Texas Community Bancshares, Inc. issued a press release announcing its unaudited consolidated financial results for the year ended December 31, 2023.

View on SEC.gov

Browse all earnings releases →

Texas Community Bancshares, Inc. filing history →

Source: SEC EDGAR

accession 0001558370-24-001625

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.