Third Century Bancorp Q2 Net Income Nearly Doubles, Dividend Hiked 25%
TDCB has more than doubled off its 52-week low of $6.45 on light trading volume (0.1× avg).
Summary
Third Century Bancorp reported Q2 net income of $719,000, nearly double the prior year, driven by higher loan and cash balances. EPS rose to $0.62 from $0.32. The board raised the quarterly dividend by 25%, signaling confidence in sustained earnings. Credit quality improved, with a $27,000 provision reversal and no net charge-offs. The stock is trading near its 52-week high of $17.61, reflecting strong momentum. No forward guidance was provided.
At the time of this announcement, TDCB was trading at $17.20 on OTC in the Finance sector, with a market capitalization of approximately $20.3M. The 52-week trading range was $6.45 to $17.61. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Reuters.