Tri-County Financial Group, Inc Reports Second Quarter 2021 Financial Results prnewswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prnewswire.com Daily Mail and Mail on Sunday newspapers.
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MENDOTA, Ill., April 28, 2021 /PRNewswire/ Tri-County Financial Group, Inc. (The Company) (OTCQX: TYFG) today announced financial results for the first quarter of 2021.
Net income for the first quarter of 2021 was $3.6 million ($1.47 per share), compared to $3.2 million ($1.30 per share) during the first quarter of 2020.
Net interest income was $10.2 million during the three months ended March 31, 2021, compared to $8.7 million for the three months ended March 31, 2020, an increase of 17%. The net interest margin was 3.65% in 2021, and 3.30% in 2020.
Noninterest income was $6.0 million for the three months ended March 31, 2021, an increase of $0.6 million, or 11%, compared to $5.4 million during the three months ended March 31, 2020. The increase can be primarily attributed to growth in mortgage banking fees from the prior year. First State Mortgage net income increased by $0.7 million compared to the first quarter of 2021.
Tri-County Financial Group, Inc Reports First Quarter 2021 Financial Results prnewswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prnewswire.com Daily Mail and Mail on Sunday newspapers.
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MENDOTA, Ill., April 13, 2021 /PRNewswire/ Tri-County Financial Group, Inc. (The Company) (OTCQX: TYFG) today announced financial results for the fourth quarter of 2020.
Net income for the fourth quarter of 2020 was $5.8 million ($2.36 per share), compared to $1.8 million ($0.74 per share) during the fourth quarter of 2019. The Company has experienced record earnings for the twelve months ended December 31, 2020, with net income of $20.1 million, compared to $8.9 million for the twelve months ended December 31, 2019, an increase of $11.3 million or 127%.
Net interest income was $38.8 million during the twelve months ended December 31, 2020, compared to $33.5 million for the twelve months ended December 31, 2019. The net interest margin was 3.31% in 2020, and 3.19% in 2019.