For the quarter ending 2025-09-30, TECTP made $55,714,000 in revenue. $5,002,000 in net income. Net profit margin of 8.98%.
| Income Statement | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 |
|---|---|---|---|---|
| Loan, including fees | 18,370,000 | 17,502,000 | 15,867,000 | 13,978,500 |
| Securities | 542,000 | 543,000 | 530,000 | 563,000 |
| Federal funds sold | 15,000 | 12,000 | 12,000 | 13,000 |
| Interest-bearing deposits | 1,475,000 | 691,000 | 887,000 | 1,052,000 |
| Total interest income | 20,402,000 | 18,748,000 | 17,296,000 | 15,606,500 |
| Deposits | 9,022,000 | 8,213,000 | 8,014,000 | 7,200,500 |
| Borrowed funds | 322,000 | 319,000 | 318,000 | 500,500 |
| Total interest expense | 9,344,000 | 8,532,000 | 8,332,000 | 7,701,000 |
| Net interest income | 11,058,000 | 10,216,000 | 8,964,000 | 7,905,500 |
| Provision for credit losses | 2,003,000 | 1,836,000 | 855,000 | 1,291,000 |
| Net interest income after provision for credit losses | 9,055,000 | 8,380,000 | 8,109,000 | 6,614,500 |
| Trust income | 2,084,000 | 1,955,000 | 1,964,000 | 1,868,500 |
| Rental income | - | - | - | 90,000 |
| Gain on sale of loans | 0 | - | - | 0 |
| Advisory income | 4,795,000 | 4,542,000 | 4,399,000 | 4,937,000 |
| Brokerage income | 2,190,000 | 2,513,000 | 3,163,000 | 2,099,000 |
| Service fees and other income | 2,917,000 | 2,391,000 | 3,342,000 | 2,582,500 |
| Total non-interest income | 11,986,000 | 11,401,000 | 12,868,000 | 11,577,000 |
| Salaries and employee benefits | 9,195,000 | 9,456,000 | 10,348,000 | 9,615,500 |
| Occupancy and equipment | 536,000 | 537,000 | 539,000 | 510,000 |
| Trust expenses | 635,000 | 608,000 | 630,000 | 631,000 |
| Brokerage and advisory direct costs | 587,000 | 647,000 | 638,000 | 544,000 |
| Professional fees | 569,000 | 538,000 | 574,000 | 413,500 |
| Data processing | 350,000 | 381,000 | 323,000 | 291,500 |
| Other | 2,110,000 | 2,019,000 | 2,243,000 | 1,871,500 |
| Total non-interest expense | 13,982,000 | 14,186,000 | 15,295,000 | 13,877,000 |
| Income before income taxes | 7,059,000 | 5,595,000 | 5,682,000 | 4,314,500 |
| Income tax expense | 1,564,000 | 1,324,000 | 1,229,000 | 1,290,000 |
| Net income | 5,495,000 | 4,271,000 | 4,453,000 | 3,024,500 |
| Preferred stock dividends | 493,000 | 471,000 | 524,000 | 460,500 |
| Net income available to common stockholders | 5,002,000 | 3,800,000 | 3,929,000 | 2,564,000 |
| Basic (in dollars per share) | 0.74 | 0.56 | 0.58 | 0.365 |
| Diluted (in dollars per share) | 0.73 | 0.55 | 0.57 | 0.36 |
| Weighted average common shares outstanding (in shares) | 6,776,601 | 6,777,000 | 6,820,440 | -3,535,073 |
| Weighted average diluted shares outstanding (in shares) | 6,876,918 | 6,875,416 | 6,917,769 | -3,626,039 |
Tectonic Financial, Inc. (TECTP)
Tectonic Financial, Inc. (TECTP)