Recent Insider Transactions • Jun 11
Director recently bought US$345k worth of stock On the 10th of June, Anthony Scavuzzo bought around 20k shares on-market at roughly US$17.25 per share. This transaction amounted to 23% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought US$315k more in shares than they have sold in the last 12 months. Declared Dividend • May 22
First quarter dividend of US$0.06 announced Shareholders will receive a dividend of US$0.06. Ex-date: 2nd June 2026 Payment date: 16th June 2026 Dividend yield will be 1.4%, which is lower than the industry average of 3.2%. Sustainability & Growth The dividend has increased by an average of 36% per year over the past 3 years and payments have been stable during that time. Earnings per share has grown by 115% over the last 3 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Announcement • May 21
Texas Community Bancshares, Inc. announces Quarterly dividend, payable on June 16, 2026 Texas Community Bancshares, Inc. announced Quarterly dividend of USD 0.0600 per share payable on June 16, 2026, ex-date on June 02, 2026 and record date on June 02, 2026. Announcement • Apr 17
Texas Community Bancshares, Inc., Annual General Meeting, May 19, 2026 Texas Community Bancshares, Inc., Annual General Meeting, May 19, 2026. Location: broadstreet bank, ssb main office, 215 west broad street, mineola, texas United States Reported Earnings • Mar 27
Full year 2025 earnings released: EPS: US$1.04 (vs US$0.45 loss in FY 2024) Full year 2025 results: EPS: US$1.04 (up from US$0.45 loss in FY 2024). Revenue: US$15.6m (up 48% from FY 2024). Net income: US$2.84m (up US$4.15m from FY 2024). Profit margin: 18% (up from net loss in FY 2024). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 46% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Declared Dividend • Mar 01
Third quarter dividend of US$0.05 announced Shareholders will receive a dividend of US$0.05. Ex-date: 10th March 2026 Payment date: 24th March 2026 Dividend yield will be 1.3%, which is lower than the industry average of 3.2%. Sustainability & Growth The dividend has increased by an average of 36% per year over the past 3 years and payments have been stable during that time. Earnings per share has grown by 20% over the last 3 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Announcement • Feb 25
Texas Community Bancshares, Inc. Increases Quarterly Cash Dividend, Payable on or About March 24, 2026 Texas Community Bancshares, Inc. announced that its Board of Directors has declared the payment of a quarterly cash dividend of $0.05 per share on each outstanding share of common stock. The dividend will be payable on or about March 24, 2026, to stockholders of record as of the close of business on March 10, 2026. Announcement • Dec 03
Texas Community Bancshares, Inc. and Broadstreet Bank, SSB Appoint Jason McCrary As Chief Financial Officer, Effective December 1, 2025 Texas Community Bancshares, Inc. appointed Jason McCrary, CPA as Chief Financial Officer of Texas Community Bancshares, Inc. and its bank subsidiary, Broadstreet Bank, SSB, effective December 1, 2025. His intended appointment was previously announced ion on November 13, 2025. Declared Dividend • Nov 21
Third quarter dividend increased to US$0.08 Dividend of US$0.08 is 100% higher than last year. Ex-date: 2nd December 2025 Payment date: 16th December 2025 Dividend yield will be 1.3%, which is lower than the industry average of 3.2%. Sustainability & Growth The dividend has increased by an average of 26% per year over the past 3 years and payments have been stable during that time. Earnings per share has grown by 20% over the last 3 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Announcement • Nov 14
Texas Community Bancshares, Inc. and Broadstreet Bank Announce Chief Financial Officer Transition, Effective December 1, 2025 On November 10, 2025, Julie Sharff notified Texas Community Bancshares, Inc. and its bank subsidiary, Broadstreet Bank, SSB (the Bank), that she intends to retire as the Company’s and the Bank’s Chief Financial Officer effective at the close of business on December 1, 2025. Following retirement, she will continue to serve as a full-time employee of the Company and the Bank until February 20, 2026, after which she will serve as a consultant to the Company through May 8, 2026. The Company and the Bank intend to appoint Jason McCrary, CPA to succeed Ms. Sharff as Chief Financial Officer effective upon her retirement. During her tenure of over 28 years with the Company and the Bank, Ms. Sharff has been an integral part of shaping the Company’s strategy and growth. She helped guide the Company through several key milestones – including its initial public offering and transition to a publicly-traded company and the establishment of public reporting and compliance practices. She will continue to consult with the Company as Jason McCrary settles into his role to ensure a smooth transition. Mr. McCrary brings more than two decades of experience in accounting, finance, and community banking leadership to the role. Julie Mr. McCrary (age 55) joined the Bank in December 2024 and currently serves as Vice President – Finance/Accounting. Before joining the Bank, he was employed by BTH Bank, NA, starting in January 2018, and served as its Chief Financial Officer from December 2020 until its acquisition by Origin Bank in October 2022. He continued to serve with Origin Bank through April 2024. Jason joined the Company in 2024 as Vice President of Finance and Accounting and has since played a key role in advancing the organization’s financial operations. He began his career in public accounting with Deloitte & Touche, LLP in Ft. Worth, Texas, serving in the Audit and Assurance practice. He later held finance and accounting roles with a global pharmaceutical company before beginning his banking career in 2012. Since entering community banking, McCrary has held financial leadership positions with two East Texas-based community banks, including serving as Chief Financial Officer of a nearly $2 billion institution prior to its acquisition by a larger regional bank. His experience spans financial reporting, strategic planning, mergers and acquisitions, and regulatory compliance, with a strong focus on fostering sustainable growth within community banking organizations. McCrary holds a Bachelor’s degree from Abilene Christian University and a Bachelor of Business Administration in Accounting from the University of Texas at Arlington. He is a Certified Public Accountant licensed in the State of Texas. Ms. Sharff will continue as a full-time employee of the Bank with the title of Senior Vice President until February 20, 2026. Reported Earnings • Nov 09
Third quarter 2025 earnings released: EPS: US$0.25 (vs US$0.17 in 3Q 2024) Third quarter 2025 results: EPS: US$0.25 (up from US$0.17 in 3Q 2024). Revenue: US$3.92m (up 13% from 3Q 2024). Net income: US$680.0k (up 32% from 3Q 2024). Profit margin: 17% (up from 15% in 3Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Declared Dividend • Aug 29
Second quarter dividend of US$0.04 announced Dividend of US$0.04 is the same as last year. Ex-date: 11th September 2025 Payment date: 25th September 2025 Dividend yield will be 1.0%, which is lower than the industry average of 3.2%. Sustainability & Growth The dividend has increased by an average of 26% per year over the past 3 years and payments have been stable during that time. Earnings per share has grown by 42% over the last 3 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Announcement • Aug 28
Texas Community Bancshares, Inc. Declares Quarterly Cash Dividend on Common Stock, Payable on or About September 25, 2025 Texas Community Bancshares, Inc. announced that its Board of Directors has declared the payment of a quarterly cash dividend in the amount of $0.04 per share of common stock. The dividend will be payable on or about September 25, 2025 to stockholders of record as of the close of business on September 11, 2025. New Risk • Aug 14
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 92% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 24% per year over the past 5 years. Shareholders have been substantially diluted in the past year (92% increase in shares outstanding). Minor Risks Significant insider selling over the past 3 months (US$99k sold). Market cap is less than US$100m (US$90.3m market cap). Reported Earnings • Aug 03
Second quarter 2025 earnings released: EPS: US$0.24 (vs US$0.12 in 2Q 2024) Second quarter 2025 results: EPS: US$0.24 (up from US$0.12 in 2Q 2024). Revenue: US$3.80m (up 9.9% from 2Q 2024). Net income: US$678.0k (up 95% from 2Q 2024). Profit margin: 18% (up from 10% in 2Q 2024). Over the last 3 years on average, earnings per share has fallen by 24% per year but the company’s share price has remained flat, which means it is well ahead of earnings. Declared Dividend • May 23
First quarter dividend of US$0.04 announced Dividend of US$0.04 is the same as last year. Ex-date: 5th June 2025 Payment date: 20th June 2025 Dividend yield will be 1.0%, which is lower than the industry average of 3.2%. Sustainability & Growth The dividend has increased by an average of 41% per year over the past 2 years and payments have been stable during that time. Earnings per share has grown by 17% over the last 3 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. New Risk • May 22
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 92% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 46% per year over the past 5 years. Shareholders have been substantially diluted in the past year (92% increase in shares outstanding). Minor Risk Market cap is less than US$100m (US$88.7m market cap). Announcement • May 21
Texas Community Bancshares, Inc. Announces Quarterly Cash Dividend, Payable on or About June 20, 2025 Texas Community Bancshares, Inc. announced that its Board of Directors has declared the payment of a quarterly cash dividend in the amount of $0.04 per share of common stock. The dividend will be payable on or about June 20, 2025 to stockholders of record as of the close of business on June 5, 2025. Reported Earnings • May 04
First quarter 2025 earnings released: EPS: US$0.22 (vs US$0.90 loss in 1Q 2024) First quarter 2025 results: EPS: US$0.22 (up from US$0.90 loss in 1Q 2024). Net income: US$643.0k (up US$3.33m from 1Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 58 percentage points per year, which is a significant difference in performance. Announcement • Apr 19
Texas Community Bancshares, Inc., Annual General Meeting, May 20, 2025 Texas Community Bancshares, Inc., Annual General Meeting, May 20, 2025. Location: broadstreet bank, ssbmain office, 215 west broad street, mineola,texas, United States Declared Dividend • Mar 02
Third quarter dividend of US$0.04 announced Dividend of US$0.04 is the same as last year. Ex-date: 10th March 2025 Payment date: 24th March 2025 Dividend yield will be 0.9%, which is lower than the industry average of 3.2%. Sustainability & Growth The dividend has increased by an average of 41% per year over the past 2 years and payments have been stable during that time. Announcement • Feb 27
Texas Community Bancshares, Inc. Announces Quarterly Cash Dividend, Payable on or About March 24, 2025 Texas Community Bancshares, Inc. announced that its Board of Directors has declared the payment of a quarterly cash dividend in the amount of $0.04 per share of common stock. The dividend will be payable on or about March 24, 2025 to stockholders of record as of the close of business on March 10, 2025. Announcement • Jan 23
Texas Community Bancshares, Inc. Announces Clifton D. Bradshaw and Robert L. Smith, III Decline to Stand for Re-Election as Directors On January 21, 2025, Clifton D. Bradshaw and Robert L. Smith, III notified Texas Community Bancshares, Inc. that they decline to stand for re-election as directors of the Company. Their terms as directors expire at the 2025 Annual Meeting of Stockholders. Their decisions were not due to a disagreement, known to an executive officer of the Company, on any matter relating to the Company’s operations, policies or practices. To eliminate the vacancies that will be created on the Company’s Board of Directors, the Board of Directors has taken action to reduce the number of directors of the Company effective concurrently with the expiration of Messrs. Bradshaw’s and Smith’s terms as directors. Recent Insider Transactions Derivative • Dec 13
Senior VP & Chief Lending Officer notifies of intention to sell stock Terri Baucum intends to sell 7k shares in the next 90 days after lodging an Intent To Sell Form on the 12th of December. If the sale is conducted around the recent share price of US$15.00, it would amount to US$105k. Since March 2024, Terri's direct individual holding has decreased from 21.71k shares to 16.75k. Company insiders have collectively bought US$610k more than they sold, via options and on-market transactions, in the last 12 months. Upcoming Dividend • Dec 06
Upcoming dividend of US$0.04 per share Eligible shareholders must have bought the stock before 12 December 2024. Payment date: 26 December 2024. The company is not currently making a profit and is not cash flow positive. Trailing yield: 1.1%. Lower than top quartile of American dividend payers (4.2%). Lower than average of industry peers (2.5%). New Risk • Nov 26
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 196% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 67% per year over the past 5 years. Shareholders have been substantially diluted in the past year (196% increase in shares outstanding). Declared Dividend • Nov 22
Third quarter dividend of US$0.04 announced Shareholders will receive a dividend of US$0.04. Ex-date: 12th December 2024 Payment date: 26th December 2024 Dividend yield will be 1.1%, which is lower than the industry average of 3.2%. Sustainability & Growth The dividend has increased by an average of 41% per year over the past 2 years and payments have been stable during that time. Announcement • Nov 20
Texas Community Bancshares, Inc. Declares Quarterly Cash Dividend, Payable on or About December 26, 2024 Texas Community Bancshares, Inc. announced that its board of directors has declared the payment of a quarterly cash dividend in the amount of $0.04 per share of common stock. The dividend will be payable on or about December 26, 2024 to stockholders of record as of the close of business on December 12, 2024. Declared Dividend • Aug 30
Second quarter dividend of US$0.04 announced Shareholders will receive a dividend of US$0.04. Ex-date: 12th September 2024 Payment date: 26th September 2024 Dividend yield will be 1.0%, which is lower than the industry average of 3.2%. Sustainability & Growth The dividend has increased by an average of 41% per year over the past 2 years and payments have been stable during that time. Recent Insider Transactions • Aug 29
Director recently bought US$210k worth of stock On the 26th of August, Anthony Scavuzzo bought around 15k shares on-market at roughly US$13.99 per share. This transaction amounted to 22% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought US$476k more in shares than they have sold in the last 12 months. Announcement • Aug 28
Texas Community Bancshares, Inc. Announces Quarterly Cash Dividend, Payable on or About September 26, 2024 Texas Community Bancshares, Inc. announced that its Board of Directors has declared the payment of a quarterly cash dividend in the amount of $0.04 per share of common stock. The dividend will be payable on or about September 26, 2024 to stockholders of record as of the close of business on September 12, 2024. New Risk • Jun 12
New minor risk - Insider selling There has been significant insider selling in the company's shares over the past 3 months. Total value of shares sold: US$80k This is considered a minor risk. There are several reasons why an insider may be selling, including to cover a tax obligation or pay for some other expense. However, we generally consider it a negative if insiders have been selling, especially if they do so below the current price. It implies that they considered a lower price to be reasonable. This is a weak signal, but if there is a pattern of unexplained selling, it can be a sign the insider believes the company's stock is overpriced. Note: We only include open market transactions and private dispositions of directly owned stock by individuals, not by corporations or trusts. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 54% per year over the past 5 years. Minor Risks Significant insider selling over the past 3 months (US$80k sold). Market cap is less than US$100m (US$42.6m market cap). Upcoming Dividend • Jun 08
Upcoming dividend of US$0.04 per share Eligible shareholders must have bought the stock before 14 June 2024. Payment date: 28 June 2024. The company is not currently making a profit and is not cash flow positive. Trailing yield: 1.1%. Lower than top quartile of American dividend payers (4.7%). Lower than average of industry peers (3.0%). Recent Insider Transactions • Jun 06
Insider recently bought US$100k worth of stock On the 31st of May, Anthony Scavuzzo bought around 7k shares on-market at roughly US$14.33 per share. This transaction amounted to 11% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought US$337k more in shares than they have sold in the last 12 months. Declared Dividend • May 24
First quarter dividend of US$0.04 announced Shareholders will receive a dividend of US$0.04. Ex-date: 14th June 2024 Payment date: 28th June 2024 Dividend yield will be 1.0%, which is lower than the industry average of 3.2%. Sustainability & Growth The company is yet to establish a track record of dividend growth or stability as it hasn't paid a regular dividend for at least 2 years. Announcement • May 23
Texas Community Bancshares, Inc. Announces Quarterly Cash Dividend, Payable on or About June 28, 2024 Texas Community Bancshares, Inc. announced that its Board of Directors has declared the payment of a quarterly cash dividend in the amount of $0.04 per share of common stock. The dividend will be payable on or about June 28, 2024 to stockholders of record as of the close of business on June 14, 2024. Upcoming Dividend • Mar 06
Upcoming dividend of US$0.04 per share Eligible shareholders must have bought the stock before 13 March 2024. Payment date: 28 March 2024. Trailing yield: 0.9%. Lower than top quartile of American dividend payers (4.7%). Lower than average of industry peers (3.0%). Reported Earnings • Feb 25
Full year 2023 earnings released: US$0.23 loss per share (vs US$0.58 profit in FY 2022) Full year 2023 results: US$0.23 loss per share (down from US$0.58 profit in FY 2022). Revenue: US$11.1m (down 7.4% from FY 2022). Net loss: US$733.0k (down 142% from profit in FY 2022). Announcement • Jan 25
Texas Community Bancshares, Inc., Annual General Meeting, May 21, 2024 Texas Community Bancshares, Inc., Annual General Meeting, May 21, 2024. Recent Insider Transactions • Dec 20
Insider recently bought US$428k worth of stock On the 18th of December, Anthony Scavuzzo bought around 33k shares on-market at roughly US$12.97 per share. This transaction increased Anthony Scavuzzo's direct individual holding by 1x at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought US$260k more in shares than they have sold in the last 12 months. Announcement • Nov 29
Texas Community Bancshares, Inc. Declares Quarterly Cash Dividend, Payable on or About December 28, 2023 On November 16, 2023, the Board of Directors of Texas Community Bancshares, Inc. declared a quarterly cash dividend of $0.03 per share on the Company’s outstanding common stock, payable on or about December 28, 2023 to stockholders of record as of the close of business on December 8, 2023. Announcement • Nov 27
Texas Community Bancshares, Inc. Announces Chief Executive Officer Changes On November 17, 2023, James H. Herlocker, III retired as Chief Executive Officer of Texas Community Bancshares, Inc. He also retired as Chief Executive Officer and a Director of Mineola Community Bank, S.S.B. On November 21, 2023, the Company appointed Jason Sobel as Chief Executive Officer of the Company. Mr. Herlocker’s retirement. Mr. Sobel was also appointed Chief Executive Officer of the Bank. Mr. Sobel (age 46) has served as President and a Director of the Bank since March 2023. Before joining the Bank, he was Regional President and Senior Loan Officer with Prosperity Bank, El Campo, Texas. Announcement • Nov 26
Texas Community Bancshares, Inc. Announces Management Changes On November 17, 2023, James H. Herlocker, III retired as President and a Director of Texas Community Bancshares, Inc. He also retired as Chief Executive Officer and a Director of Mineola Community Bank, S.S.B. On November 21, 2023, the Company appointed Jason Sobel as President and a Director of the Company. He was also appointed to the Company’s class of directors whose terms expire in 2026, filling the vacancy created by Mr. Herlocker’s retirement. Mr. Sobel was also appointed Chief Executive Officer of the Bank. Mr. Sobel (age 46) has served as President and a Director of the Bank since March 2023. Before joining the Bank, he was Regional President and Senior Loan Officer with Prosperity Bank, El Campo, Texas. Recent Insider Transactions • Nov 16
President of Mineola Community Bank recently bought US$60k worth of stock On the 13th of November, Jason Sobel bought around 5k shares on-market at roughly US$12.70 per share. This trade did not impact their existing holding. This was the largest purchase by an insider in the last 3 months. Despite this recent purchase, insiders have collectively sold US$159k more in shares than they bought in the last 12 months. Reported Earnings • Nov 10
Third quarter 2023 earnings released: EPS: US$0.15 (vs US$0.18 in 3Q 2022) Third quarter 2023 results: EPS: US$0.15 (down from US$0.18 in 3Q 2022). Revenue: US$3.41m (up 6.4% from 3Q 2022). Net income: US$456.0k (down 15% from 3Q 2022). Profit margin: 13% (down from 17% in 3Q 2022). The decrease in margin was driven by higher expenses. Recent Insider Transactions • Sep 20
Senior Vice President recently sold US$126k worth of stock On the 14th of September, Clinton Yarbrough sold around 10k shares on-market at roughly US$12.25 per share. This transaction amounted to 26% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of US$220k more than they bought in the last 12 months. Recent Insider Transactions • Sep 12
Senior Vice President recently sold US$116k worth of stock On the 8th of September, Clinton Yarbrough sold around 9k shares on-market at roughly US$12.41 per share. This transaction amounted to 19% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of US$98k more than they bought in the last 12 months. Upcoming Dividend • Aug 31
Upcoming dividend of US$0.03 per share at 1.0% yield Eligible shareholders must have bought the stock before 07 September 2023. Payment date: 25 September 2023. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 1.0%. Lower than top quartile of American dividend payers (4.9%). Lower than average of industry peers (3.6%). Recent Insider Transactions Derivative • Aug 25
Senior Vice President notifies of intention to sell stock Clinton Yarbrough intends to sell 20k shares in the next 90 days after lodging an Intent To Sell Form on the 18th of August. If the sale is conducted around the recent share price of US$12.21, it would amount to US$244k. Since March 2023, Clinton's direct individual holding has decreased from 52.93k shares to 49.63k. Company insiders have collectively bought US$26k more than they sold, via options and on-market transactions, in the last 12 months. New Risk • Aug 13
New major risk - Revenue and earnings growth Earnings have declined by 2.0% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 2.0% per year over the past 5 years. Minor Risks Profit margins are more than 30% lower than last year (0.8% net profit margin). Shareholders have been diluted in the past year (9.1% increase in shares outstanding). Market cap is less than US$100m (US$41.5m market cap). Reported Earnings • Aug 13
Second quarter 2023 earnings released: EPS: US$0.051 (vs US$0.14 in 2Q 2022) Second quarter 2023 results: EPS: US$0.051 (down from US$0.14 in 2Q 2022). Revenue: US$3.07m (up 5.9% from 2Q 2022). Net income: US$160.0k (down 62% from 2Q 2022). Profit margin: 5.2% (down from 14% in 2Q 2022). The decrease in margin was driven by higher expenses. Announcement • Jul 28
Texas Community Bancshares, Inc. Announces Quarterly Cash Dividend, Payable on or about September 25, 2023 Texas Community Bancshares, Inc. announced that its Board of Directors has declared the payment of a quarterly cash dividend in the amount of $0.03 per share of common stock. The dividend will be payable on or about September 25, 2023 to stockholders of record as of the close of business on September 8, 2023. Upcoming Dividend • Jun 01
Upcoming dividend of US$0.03 per share at 0.7% yield Eligible shareholders must have bought the stock before 08 June 2023. Payment date: 26 June 2023. Payout ratio is a comfortable 18% and this is well supported by cash flows. Trailing yield: 0.7%. Lower than top quartile of American dividend payers (5.2%). Lower than average of industry peers (3.8%). Announcement • May 26
Texas Community Bancshares, Inc. Declares Quarterly Dividend, Payable on or About June 26, 2023 Texas Community Bancshares, Inc. announced that its Board of Directors has declared a quarterly dividend of $0.03 per share of common stock. This represents a 50% increase compared to the prior quarterly dividend of $0.02 per share. The dividend will be payable on or about June 26, 2023 to stockholders of record as of the close of business on June 9, 2023. Reported Earnings • May 18
First quarter 2023 earnings released: US$0.33 loss per share (vs US$0.13 profit in 1Q 2022) First quarter 2023 results: US$0.33 loss per share (down from US$0.13 profit in 1Q 2022). Revenue: US$1.34m (down 51% from 1Q 2022). Net loss: US$1.02m (down 360% from profit in 1Q 2022). Valuation Update With 7 Day Price Move • Apr 25
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to US$9.80, the stock trades at a trailing P/E ratio of 17.5x. Average trailing P/E is 8x in the Banks industry in the US. Total loss to shareholders of 44% over the past year. Reported Earnings • Apr 02
Full year 2022 earnings released: EPS: US$0.58 (vs US$0.17 in FY 2021) Full year 2022 results: EPS: US$0.58 (up from US$0.17 in FY 2021). Revenue: US$11.9m (up 18% from FY 2021). Net income: US$1.75m (up 239% from FY 2021). Profit margin: 15% (up from 5.1% in FY 2021). The increase in margin was driven by higher revenue. Valuation Update With 7 Day Price Move • Mar 14
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to US$12.40, the stock trades at a trailing P/E ratio of 23.2x. Average trailing P/E is 11x in the Mortgage industry in the US. Total loss to shareholders of 27% over the past year. Announcement • Jan 26
Texas Community Bancshares, Inc., Annual General Meeting, May 24, 2023 Texas Community Bancshares, Inc., Annual General Meeting, May 24, 2023. Reported Earnings • Nov 17
Third quarter 2022 earnings released: EPS: US$0.18 (vs US$0.066 loss in 3Q 2021) Third quarter 2022 results: EPS: US$0.18 (up from US$0.066 loss in 3Q 2021). Revenue: US$3.20m (up 26% from 3Q 2021). Net income: US$539.0k (up US$737.0k from 3Q 2021). Profit margin: 17% (up from net loss in 3Q 2021). The move to profitability was primarily driven by higher revenue. Reported Earnings • Aug 12
Second quarter 2022 earnings released: EPS: US$0.14 (vs US$0.058 in 2Q 2021) Second quarter 2022 results: EPS: US$0.14 (up from US$0.058 in 2Q 2021). Revenue: US$2.90m (up 18% from 2Q 2021). Net income: US$416.0k (up 122% from 2Q 2021). Profit margin: 14% (up from 7.6% in 2Q 2021). The increase in margin was driven by higher revenue. Announcement • May 27
Texas Community Bancshares, Inc., Annual General Meeting, Aug 30, 2022 Texas Community Bancshares, Inc., Annual General Meeting, Aug 30, 2022. Reported Earnings • May 14
First quarter 2022 earnings released First quarter 2022 results: EPS: US$0.13. Revenue: US$2.72m (up 13% from 1Q 2021). Net income: US$391.0k (up 61% from 1Q 2021). Profit margin: 14% (up from 10.0% in 1Q 2021). The increase in margin was driven by higher revenue. Announcement • Feb 25
Texas Community Bancshares, Inc. Announces Addition of Four New Board Members Texas Community Bancshares, Inc., the holding company of Mineola Community Bank, S.S.B. announced the recent addition of four new members to the Boards of Directors of the Company and the Bank. Joining the Company's and the Bank's Boards of Directors are: Anthony R. Scavuzzo, CFA and Managing Principal, has been named to sit on the Company's Executive Committee. Mr. Scavuzzo also sits on the Investment Committee for Castle Creek. He works with the Board of Directors at several portfolio companies including Mid Penn Bancorp, Pathfinder Bancorp, Enterprise Financial Services Corp, McGregor Bancshares, Guaranty Federal Bancshares, First Bancshares of Texas, and Lincoln Bancorp. He also serves on various board committees regarding governance, compensation, risk, and asset/liability management. Mr. Scavuzzo received his MBA from the University of Chicago Booth School of Business with a BBA from the University of Iowa. He is also a CFA Charterholder. Kerry A. Kindle, Sr., RPh, serves on the Company's Audit Committee. He had served as an Advisory Director for the Bank since 2017. Mr. Kindle is the owner of Economy Drug in Grand Saline, Texas, and Crandall Pharmacy in Crandall, Texas. He currently serves on the Board for the Grand Saline Economic Development Corporation as well as the Grand Saline Hospital Board. Demethrius T. Boydhas been named to serve on the Nominating and Corporate Governance Committee of the Company's Board of Directors. He had served as an Advisory Director for the Bank since 2013. He is the Senior Pastor of St. Paul Missionary Baptist Church in Mineola, Texas, is a member and President of the Mineola Ministerial Alliance, and currently serves on the Addie McFarland School Board. Bryan Summervilleserves on the Company's Compensation Committee. Mr. Summerville has been with Tyler Pipe Company for forty years and currently serves as the Wade Drains Operation Manager. He owns a decorative concrete business, East Texas Crete, and has also worked the last thirty years in rental property management. Mr. Summerville is a Councilman for the City of Lindale. He had served as an Advisory Director for the Bank since June 2020. Announcement • Jan 28
Texas Community Bancshares, Inc Announces Board Appointments On January 26, 2022, the Board of Directors of Texas Community Bancshares, Inc. elected Demethrius T. Boyd, Kerry A. Kindle, Anthony R. Scavuzzo and Bryan Summerville to serve as Directors of the Company. Mr. Boyd was elected to serve as a member of the class of Directors whose terms expire in 2024. Mr. Kindle was elected to serve as a member of the class of Directors whose terms expire in 2022. Messrs. Scavuzzo and Summerville were elected to serve as members of the class of Directors whose terms expire in 2023. Neither individual was elected as a Director pursuant to any arrangement or understanding between the individual and any other person. Mr. Boyd has been named to serve of the Nominating and Corporate Governance Committee of the Company’s Board of Directors. Mr. Kindle has been named to serve on the Company’s Audit Committee. Mr. Scavuzzo have been named to serve on the Company’s Executive Committee. Mr. Summerville has been named to serve on the Company’s Compensation Committee. Board Change • Jan 01
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 1 experienced director. 8 highly experienced directors. Director Mark Pickens was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.