Tri-County Financial Group Reports Q3 2026 Results Amid Mortgage Subsidiary Wind-down
Tri-County Financial Group (TYFG) reported third-quarter 2026 net income of $3.4 million ($1.39 per share), representing an 8% decrease compared to the same period in 2025. The decline was primarily driven by the termination of its mortgage subsidiary, First State Mortgage, which incurred wind-down costs and a year-to-date net loss of $1.7 million. Additionally, merger-related costs associated with a definitive agreement with HBT Financial, Inc. impacted the quarter's results. Despite these headwinds, the company saw a 12% increase in net interest income, reaching $14.5 million. Asset quality remains stable, with nonperforming loans at 0.53% of total loans and total deposits growing to $1.287 billion. The company's nine-month net income rose to $11.9 million, up from $9.8 million in the prior year period.
Tickers: $TYFG
Topics: financial results interest income mortgage company termination net income