Texas Community Bancshares sets quarterly dividend

MINEOLA, Texas – Texas Community Bancshares, Inc. (NASDAQ:TCBS), the parent company of Broadstreet Bank, SSB, has announced a quarterly cash dividend of $0.04 per share, representing an annual yield of 1.03% at the current stock price of $15.58. The dividend is scheduled to be paid on June 20, 2025, to shareholders on record as of June 5, 2025.

The announcement marks a continuing commitment by the company to provide returns to its shareholders. Texas Community Bancshares operates as a holding company for Broadstreet Bank, which has been a fixture in the northeast Texas banking scene since its establishment in 1934. Starting with just over $4,000 in assets, the bank has grown significantly over the decades, boasting assets of $441 million as of the latest figures. According to InvestingPro data, the company has demonstrated strong revenue growth of 54% in the last twelve months, while maintaining a conservative valuation with a price-to-book ratio of 0.84.

Broadstreet Bank serves the local community through its seven locations, offering a range of financial services including personal and business banking, as well as residential and commercial real estate lending. The bank’s long history and growth reflect its role in fostering economic opportunities within the communities it serves. With a market capitalization of $44.52 million, the bank has maintained profitability over the last twelve months, as noted in InvestingPro’s analysis, which reveals additional insights about the company’s financial health.

This financial move comes as part of the company’s ongoing strategy to enhance shareholder value and maintain a stable dividend payout. The dividend payment is in line with the company’s past practices of sharing profits with its stockholders.

Investors and those interested in the company’s financial activities can access more information about Texas Community Bancshares and Broadstreet Bank through the investor relations section on the bank’s website. This dividend declaration is based on a press release statement from Texas Community Bancshares, Inc.

In other recent news, Texas Community Bancshares, Inc., the parent company of Broadstreet Bank, has initiated a new stock repurchase program. The board has authorized the buyback of up to 153,083 shares, representing approximately 5% of its outstanding common stock as of late February 2025. This move comes after the company completed over 85% of its previous repurchase program, which targeted 161,316 shares. The repurchases may occur on the open market, potentially under a SEC Rule 10b5-1 trading plan, or through privately negotiated transactions, depending on market conditions. Texas Community Bancshares has noted that there is no guarantee on the exact number of shares that will be repurchased. The company has emphasized its commitment to maintaining financial flexibility to support ongoing investments in its core operations. The repurchase strategy aligns with the company’s broader goal of enhancing shareholder value while managing capital efficiently. The new stock repurchase program is subject to change and may be halted or terminated at any time.

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