Business
Thomasville Bancshares, Inc. Announces Earnings, Cash Dividend, and Stock Repurchase Program
Thomasville Bancshares, Inc. Announces Earnings, Cash Dividend, and Stock Repurchase Program.
About this update from Thomasville Bancshares, Inc.
[{"type":"text","content":"\r\n\r\n \r\n \r\n Thomasville Bancshares, Inc. Announces Earnings, Cash Dividend, and Stock Repurchase Program\r\n \r\n \r\n\r\n\r\nThomasville Bancshares, Inc. Announces Earnings, Cash Dividend, and Stock Repurchase Program\r\n\r\n\r\n\r\n\r\n\r\nTHOMASVILLE, Ga., April 16, 2026 (GLOBE NEWSWIRE) -- Thomasville Bancshares, Inc. (OTCID: THVB), the parent company of Thomasville National Bank and TNB Financial Services, reported its financial results for the first quarter ended March 31, 2026. The company also announced its Board of Directors approved a cash dividend of $1.50 per share. The dividend will be paid on July 2, 2026, to shareholders of record as of June 12, 2026. In addition, the company announced its board of directors has authorized the company to repurchase up to $5 million of its outstanding common stock. First-Quarter 2026 Highlights \r\n Net Income for the quarter of $12,413,453 compared to $10,503,378 for the same period last year, an increase of 18%.\r\n Earnings per share for the quarter were $1.96 (basic) and $1.86 (diluted).\r\n Pre-tax pre-provision income of $16.9 million, an increase of $2.4 million, or 16%, compared to the same period in 2025.\r\n Return on Average Assets of 2.44% and Return on Average Tangible Equity of 24.66%.\r\n Total Assets of $2.095 billion, an increase of $196 million over the same period in 2025.\r\n Loans grew $196 million to $1.788 billion, or 12% year-over-year.\r\n Deposits increased $148 million to $1.790 billion, or 9% year-over-year.\r\n Regulatory Capital was $209 million or 10.14% of assets. \r\n TNB Financial, provider of trust and investment services, has client assets over $5.4 billion.\r\n Stephen H. Cheney, Chairman and CEO, said “We are pleased to report our strong financial performance for the first quarter of 2026 and that our results allow us to continue our tradition of paying a dividend in July to our shareholders. We believe that our Bank is well positioned to continue this strong performance throughout the year. As we enter our 31st year we recognize the support of this community, our shareholders, and customers have made our Bank extremely successful, and we are very pleased to share the earnings of the Company with the people that made it a reality. Our increasing dividend over the last five years reflects the growth and outstanding performance of o...