Tectonic Financial, Inc.

Tectonic Financial, Inc. is a financial holding company based in Dallas, Texas, providing banking, trust, investment advisory, third-party administration and recordkeeping, securities brokerage, underwriting, and insurance services. The company serves high net worth individuals, small businesses, and institutions across the United States. Formed in late 2016, it acquired T Bancshares, Inc. and its subsidiary, T Bank, National Association. A merger with Tectonic Holdings, LLC on May 13, 2019, brought Tectonic Advisors, LLC and Sanders Morris LLC, along with its subsidiary HWG Insurance Agency LLC, into the company, expanding its offerings to include investment advisory, securities brokerage, investment banking, and insurance services. As of December 31, 2024, Tectonic Financial had consolidated assets of $863.4 million, total loans held for investment of $660.2 million, loans held for sale of $47.0 million, deposits of $711.1 million, and shareholders' equity of $113.4 million. Net income for the year ended December 31, 2024, was $13.9 million. The company's Series B preferred stock trades on the Nasdaq Capital Market under the symbol "TECTP". Its primary operating entities include T Bank, a full-service, nationally chartered commercial banking association offering traditional community banking, factoring, trust, and third-party administration services. Tectonic Advisors, a registered investment advisor, provides investment advisory services to individuals, institutions (including affiliates), and families, advising on portfolios for an asset-based fee. As of December 31, 2024, Tectonic Advisors managed approximately $4.4 billion in client assets under management, which includes $2.0 billion of AUM held by T Bank as a fiduciary.