Thomasville Bancshares Reports Strong Q1 2025 Financial Outcomes
Thomasville Bancshares, Inc. Announces Dividend and Financial Results
Recently, Thomasville Bancshares, Inc. (OTC PINK: THVB), the parent company of Thomasville National Bank, revealed its financial performance for the first quarter ending March 31, 2025. Alongside this announcement, the Board of Directors declared a cash dividend of $1.25 per share, set to be distributed on July 2, 2025, to shareholders of record by June 11, 2025.
Chairman and CEO, Stephen H. Cheney, expressed satisfaction regarding the bank’s robust financial outcomes, emphasizing its commitment to maintaining the tradition of July dividends. He shared, “This strong financial performance enables us to reward our shareholders, and we are grateful for their ongoing support.”
Looking back on the bank’s journey, Cheney acknowledged the pivotal role the community, shareholders, and customers played in the bank's ongoing success. He conveyed, “Being a locally owned bank means that our profits stay in the community, reinforcing the significance of our local connections.” Over the years, TNB has contributed more than $116 million in dividends to its local shareholders, showcasing its dedication to community welfare.
First-Quarter Financial Highlights
For the first quarter of 2025, Thomasville Bancshares noted several commendable financial metrics:
- Net Income: $10,503,378, reflecting a 12% increase from $9,386,870 year-over-year.
- Earnings per Share: $1.66 (basic) and $1.58 (diluted).
- Return on Assets: 2.27% and Return on Average Tangible Equity of 24.27%.
- Total Assets: $1.899 billion, up by $156 million compared to the same period in 2024.
- Loans: Grew to $1.592 billion, an increase of $158 million or 11% from the previous year.
- Deposits: rose to $1.642 billion, representing a $134 million increase or 9% year-over-year.
- Regulatory Capital: stood at $180 million, equivalent to 9.53% of assets.
- TNB Financial Services: reported client assets exceeding $4.7 billion, highlighting its extensive trust and investment offerings.
Cheney stated, “During these times of economic uncertainty, our consistent results distinguish us in the market. We are optimistic about TNB's ability to sustain this strong performance throughout 2025.”
Leadership Perspectives
Bert Hodges, the Bank President, remarked on the unique culture within TNB that encourages creativity among its bankers. He noted that this culture fosters outstanding credit quality and strong customer loyalty, driving growth opportunities. Hodges expressed confidence in TNB's future, stating, “The talent and competitive spirit of our team provide us with optimism for what lies ahead.”
About Thomasville Bancshares, Inc. and Its Commitment
Founded in 1995, Thomasville Bancshares, Inc. serves as the holding company for Thomasville National Bank, which boasts total assets exceeding $1.899 billion. Recognized as a top-performing community bank, TNB was ranked 7th nationally in American Banker’s Top 200 Community Banks based on average return on shareholders’ equity over the past three years. The bank’s financial services division manages client assets surpassing $4.7 billion, offering a range of financial products and services including financial planning, investments, and trusts. With a significant presence across several states, TNB continues to prioritize its local shareholders, proving its commitment to fostering community prosperity.
Frequently Asked Questions
What is Thomasville Bancshares, Inc.’s recent dividend announcement?
Thomasville Bancshares, Inc. has declared a cash dividend of $1.25 per share to shareholders.
What were the net income results for Q1 2025?
The net income for Q1 2025 was reported at $10,503,378, a 12% increase from the previous year.
How do the company’s earnings per share compare year-over-year?
The earnings per share for the quarter were $1.66 basic and $1.58 diluted, showing significant performance.
What does TNB Financial Services manage?
TNB Financial Services oversees client assets exceeding $4.7 billion, providing various financial services.
How has TNB performed compared to the previous year?
TNB has demonstrated significant growth in loans and deposits, indicating strong performance against the previous year's metrics.
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