Tri-County Financial Group, Inc. Reports Third Quarter 2026 Financial Results
Tri-County Financial Group reported Q3 2026 net income of $3.4 million ($1.39 per share), down about 8% from $3.7 million ($1.56) a year earlier, pressured by costs to wind down First State Mortgage and merger-related expenses. Net interest income rose 12% to $14.5 million, and nine-month net income climbed to $11.9 million ($5.00 per share) from $9.8 million. The mortgage subsidiary posted a $1.7 million year-to-date loss before its termination. Asset quality stayed solid with nonperforming loans at 0.53% of loans, deposits grew $34.3 million to $1.287 billion, and the board declared a $0.28 per share dividend.
Key figures
- Eps
- 1.39
- Revenue
- 0
- Total loans
- 1302607000
- Total assets
- 1584713000
- Q3 net income
- 3353000
- Nine month eps
- 5
- Prior year eps
- 1.56
- Total deposits
- 1287263000
- Allowance ratio
- 1.17%
- Q3 net income yoy
- -8%
- Dividend per share
- 0.28
- Net interest income
- 14517000
- Non interest income
- 3471000
- Book value per share
- 68.47
- Nine month net income
- 11900000
- Net interest income yoy
- 12%
- Non interest income yoy
- -20%
- Nonperforming loan ratio
- 0.53%
- Allowance for credit loss
- 15279000
- Tangible book value per share
- 64.92
- Mortgage subsidiary ytd net loss
- 1700000
AI analysis
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