Tri City Bankshares Past Earnings Performance
Past criteria checks 4/6
Tri City Bankshares's earnings have been declining at an average annual rate of -14.5%, while the Banks industry saw earnings growing at 7.1% annually. Revenues have been growing at an average rate of 0.7% per year. Tri City Bankshares's return on equity is 7.6%, and it has net margins of 17.8%.
Key information
-14.5%
Earnings growth rate
-15.5%
EPS growth rate
| Banks Industry Growth | 11.2% |
| Revenue growth rate | 0.7% |
| Return on equity | 7.6% |
| Net Margin | 17.8% |
| Last Earnings Update | 30 Sep 2024 |
Recent past performance updates
No updates
Recent updates
No updates
Revenue & Expenses Breakdown
How Tri City Bankshares makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 30 Sep 24 | 69 | 12 | 47 | 0 |
| 30 Jun 24 | 68 | 6 | 47 | 0 |
| 31 Mar 24 | 67 | 6 | 0 | 0 |
| 31 Dec 23 | 69 | 6 | 47 | 0 |
| 30 Sep 23 | 72 | 8 | 48 | 0 |
| 30 Jun 23 | 74 | 16 | 48 | 0 |
| 31 Mar 23 | 76 | 17 | 48 | 0 |
| 31 Dec 22 | 76 | 17 | 48 | 0 |
| 30 Sep 22 | 73 | 17 | 46 | 0 |
| 30 Jun 22 | 73 | 17 | 46 | 0 |
| 31 Mar 22 | 71 | 16 | 46 | 0 |
| 31 Dec 21 | 70 | 15 | 46 | 0 |
| 30 Sep 21 | 70 | 15 | 44 | 0 |
| 31 Dec 20 | 66 | 14 | 44 | 0 |
| 30 Sep 20 | 68 | 15 | 42 | 0 |
| 31 Dec 19 | 70 | 19 | 42 | 0 |
| 30 Sep 19 | 67 | 19 | 40 | 0 |
| 30 Jun 19 | 67 | 18 | 40 | 0 |
| 31 Mar 19 | 67 | 18 | 0 | 0 |
| 31 Dec 18 | 66 | 17 | 40 | 0 |
| 30 Sep 18 | 65 | 14 | 39 | 0 |
| 30 Jun 18 | 64 | 13 | 39 | 0 |
| 31 Mar 18 | 63 | 12 | 0 | 0 |
| 31 Dec 17 | 61 | 11 | 39 | 0 |
| 30 Sep 17 | 60 | 12 | 36 | 0 |
| 30 Jun 17 | 58 | 11 | 36 | 0 |
| 31 Mar 17 | 57 | 10 | 36 | 0 |
| 31 Dec 16 | 57 | 11 | 37 | 0 |
| 30 Sep 16 | 56 | 10 | 34 | 0 |
| 30 Jun 16 | 54 | 10 | 34 | 0 |
| 31 Mar 16 | 57 | 11 | 0 | 0 |
| 31 Dec 15 | 55 | 11 | 35 | 0 |
| 30 Sep 15 | 54 | 10 | 32 | 0 |
| 30 Jun 15 | 54 | 10 | 32 | 0 |
| 31 Mar 15 | 51 | 8 | 32 | 0 |
| 31 Dec 14 | 51 | 9 | 33 | 0 |
| 30 Sep 14 | 50 | 10 | 32 | 0 |
| 30 Jun 14 | 49 | 10 | 32 | 0 |
| 31 Mar 14 | 49 | 10 | 32 | 0 |
| 31 Dec 13 | 49 | 9 | 32 | 0 |
Quality Earnings: TRCY has high quality earnings.
Growing Profit Margin: TRCY's current net profit margins (17.8%) are higher than last year (11.3%).
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: TRCY's earnings have declined by 14.5% per year over the past 5 years.
Accelerating Growth: TRCY's earnings growth over the past year (50.3%) exceeds its 5-year average (-14.5% per year).
Earnings vs Industry: TRCY earnings growth over the past year (50.3%) exceeded the Banks industry -12.2%.
Return on Equity
High ROE: TRCY's Return on Equity (7.6%) is considered low.