Tectonic Financial, Inc. (TECTP) 10-Year Financial Performance & Capital Metrics

TECTP • • Banking & Credit

Financial ServicesRegional BanksCommunity & Regional Retail BankingSoutheast Community Banks

AboutTectonic Financial, Inc., a financial holding company, provides banking and financial products and services to high net worth individuals, small businesses, and institutions in the United States. It offers commercial and consumer banking services, such as demand deposits, regular savings accounts, money market accounts, individual retirement accounts, and certificates of deposit; commercial and real estate loans, dental loans, commercial and industrial, commercial real estate, construction loans, and consumer installment loans; and wealth management and trust services. The company also provides trust, investment advisory, securities brokerage, factoring, third-party administration, recordkeeping, underwriting, and insurance services. It offers services through various delivery systems, including automated teller machines, mobile banking, and internet banking. Tectonic Financial, Inc. was formerly known as T Acquisition, Inc. and changed its name to Tectonic Financial, Inc. in May 2019. The company was incorporated in 2016 and is headquartered in Dallas, Texas.Show more

Net Interest Income $0
Total Revenue $72M +9.7%
Net Income $14M -8.4%
Return on Equity 12.65% -15.5%
Net Interest Margin 0%
Efficiency Ratio 58.1% +4.6%
ROA 1.81% -23.3%
Equity / Assets 13.14% -16.7%
Book Value per Share 15.72 +7.3%
Tangible BV/Share 12.75 +9.3%
Debt/Equity 0.19 -37.2%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Strong 5Y profit CAGR of 16.6%
✓Well capitalized: 13.1% equity/assets
✓Diversified revenue: 100.0% from non-interest income
✓Trading at only 0.6x book value

✗Weaknesses

✗Weak Piotroski F-Score: 3/9

Price & Volume

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Growth Metrics

Revenue CAGR

10Y13.03%

5Y12.38%

3Y6.29%

TTM-

Profit (Net Income) CAGR

10Y16.45%

5Y16.63%

3Y-3.45%

TTM-75.74%

EPS CAGR

10Y1.07%

5Y11.38%

3Y-8.6%

TTM17.13%

ROCE

10Y Avg4.72%

5Y Avg3.84%

3Y Avg4.02%

Latest3.93%

Peer Comparison

Southeast Community Banks

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
FFINFirst Financial Bankshares, Inc.	4.68B	32.65	20.93	18.79%	30.24%	14.14%	6.26%	0.12
FHNFirst Horizon Corporation	11.85B	24.44	17.97	4.71%	15.7%	9.58%	10.33%	0.50
AUBAtlantic Union Bankshares Corporation	5.47B	38.36	17.13	28.8%	15.53%	4.22%	5.51%	0.17
UCBUnited Community Banks, Inc.	4.09B	33.91	16.62	14.65%	17.05%	8.83%	7.4%	0.13
SNVSynovus Financial Corp.	6.95B	50.05	16.52	1.16%	14.09%	13.7%	11.01%	0.35
PNFPPinnacle Financial Partners, Inc.	14.67B	97.65	16.38	15.32%	16.65%	9.1%	5.5%	0.39
CADECadence Bank	8.27B	44.40	16.03	32.37%	18.03%	9.08%	9.39%	0.01
ABCBAmeris Bancorp	5.56B	81.41	15.69	9.75%	21.97%	9.91%	2.53%	0.11

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Net Interest Income+	0	0	0	0	0	0	-3.63M	27.48M	0	0
NII Growth %	-	-	-	-	-	-	-	8.58%	-1%	-
Net Interest Margin %	-	-	-	-	-	-	-	-	-	-
Interest Income	0	0	0	0	0	0	0	33.38M	0	0
Interest Expense	0	0	0	0	0	0	3.63M	5.9M	0	0
Loan Loss Provision	0	0	0	0	0	0	-3.63M	-5.9M	0	0
Non-Interest Income+	22.32M	22.22M	20.64M	35.14M	40.3M	47.62M	60.17M	32.87M	65.88M	72.24M
Non-Interest Income %	-	-	-	-	-	-	-	-	-	-
Total Revenue+	22.32M	22.22M	20.64M	35.14M	40.3M	47.62M	60.17M	66.26M	65.88M	72.24M
Revenue Growth %	0.05%	-0%	-0.07%	0.7%	0.15%	0.18%	0.26%	0.1%	-0.01%	0.1%
Non-Interest Expense	17.22M	16.04M	17.11M	24.51M	30.52M	33.7M	38.33M	44.8M	36.58M	41.98M
Efficiency Ratio	-	-	-	-	-	-	-	-	-	-
Operating Income+	15.55M	14.59M	11.2M	10.63M	9.78M	13.92M	21.84M	21.45M	29.29M	30.27M
Operating Margin %	-	-	-	-	-	-	-	-	-	-
Operating Income Growth %	0.05%	-0.06%	-0.23%	-0.05%	-0.08%	0.42%	0.57%	-0.02%	0.37%	0.03%
Pretax Income+	5.1M	6.18M	3.53M	10.63M	9.78M	13.92M	21.84M	21.45M	19.06M	18.32M
Pretax Margin %	-	-	-	-	-	-	-	-	-	-
Income Tax+	1.8M	2.2M	598K	1.01M	1.9M	3M	4.8M	4.42M	3.84M	4.38M
Effective Tax Rate %	-	-	-	-	-	-	-	-	-	-
Net Income+	3.29M	3.98M	2.93M	8.82M	6.46M	9.37M	15.48M	15.48M	15.22M	13.94M
Net Margin %	-	-	-	-	-	-	-	-	-	-
Net Income Growth %	0.08%	0.21%	-0.26%	2.01%	-0.27%	0.45%	0.65%	-0%	-0.02%	-0.08%
Net Income (Continuing)	3.29M	3.98M	2.93M	9.62M	7.88M	10.93M	17.03M	17.03M	15.22M	13.94M
EPS (Diluted)+	1.63	1.96	1.04	1.34	0.98	1.42	2.20	2.11	1.87	1.68
EPS Growth %	0.08%	0.2%	-0.47%	0.29%	-0.27%	0.45%	0.55%	-0.04%	-0.11%	-0.1%
EPS (Basic)	1.62	1.96	1.04	1.34	0.98	1.42	2.21	2.11	1.87	1.71
Diluted Shares Outstanding	2.02M	2.03M	2.81M	6.56M	6.57M	6.58M	7.02M	7.34M	7.29M	7.21M

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash & Short Term Investments+	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Cash & Due from Banks	8.71M	12.32M	16.22M	18.46M	20.2M	46.87M	45.99M	8.55M	58.77M	5.85M
Short Term Investments	0	0	0	0	0	0	1000K	1000K	1000K	1000K
Total Investments+	0	0	0	0	0	0	17.16M	20.63M	22.98M	20.28M
Investments Growth %	-	-	-	-	-	-	-	0.2%	0.11%	-0.12%
Long-Term Investments	0	0	0	0	0	0	0	0	0	0
Accounts Receivables	0	0	0	0	0	0	0	0	0	0
Goodwill & Intangibles+	-	-	-	-	-	-	-	-	-	-
Goodwill	0	0	8.38M	8.38M	10.73M	10.73M	21.44M	21.44M	21.44M	21.44M
Intangible Assets	1.52M	1.93M	3.66M	1.38M	1.18M	979K	777K	569K	359K	0
PP&E (Net)	4.5M	4.57M	4.9M	5.61M	6.4M	5.81M	6.13M	6.23M	4.76M	4.73M
Other Assets	162.2M	194.28M	240.36M	277.84M	326.55M	431.52M	482.33M	513.9M	889K	0
Total Current Assets	8.71M	12.32M	16.22M	18.46M	20.2M	46.87M	45.99M	42.16M	58.77M	26.13M
Total Non-Current Assets	168.22M	200.78M	257.3M	293.2M	344.85M	466.56M	539.02M	570.38M	27.45M	27.6M
Total Assets+	176.93M	213.09M	273.52M	311.66M	365.06M	513.43M	585.01M	612.54M	677.35M	863.38M
Asset Growth %	0.08%	0.2%	0.28%	0.14%	0.17%	0.41%	0.14%	0.05%	0.11%	0.27%
Return on Assets (ROA)	0.02%	0.02%	0.01%	0.03%	0.02%	0.02%	0.03%	0.03%	0.02%	0.02%
Accounts Payable	0	0	0	0	0	0	0	0	0	0
Total Debt+	0	0	29M	13.91M	24M	95.69M	46.52M	12M	33M	22M
Net Debt	-8.71M	-12.32M	12.78M	-4.54M	3.8M	48.82M	529K	-30.16M	-25.77M	-5.85M
Long-Term Debt	0	0	29M	13.91M	24M	95.69M	46.52M	12M	33M	22M
Short-Term Debt	0	0	0	0	0	0	0	0	0	0
Other Liabilities	0	0	219.54M	260.27M	266.58M	0	0	504.04M	537.49M	727.95M
Total Current Liabilities	2.14M	915K	1.71M	257K	0	0	0	0	0	0
Total Non-Current Liabilities	149.72M	181.94M	246.83M	273.93M	314.4M	95.69M	46.52M	515.94M	570.49M	749.95M
Total Liabilities	2.14M	915K	248.54M	274.19M	314.58M	453.41M	500.22M	516.04M	570.49M	749.95M
Total Equity+	27.21M	31.16M	24.98M	37.47M	50.48M	60.01M	84.79M	96.5M	106.86M	113.43M
Equity Growth %	0.14%	0.15%	-0.2%	0.5%	0.35%	0.19%	0.41%	0.14%	0.11%	0.06%
Equity / Assets (Capital Ratio)	-	-	-	-	-	-	-	-	-	-
Return on Equity (ROE)	0.13%	0.14%	0.1%	0.28%	0.15%	0.17%	0.21%	0.17%	0.15%	0.13%
Book Value per Share	13.46	15.34	8.89	5.71	7.68	9.11	12.07	13.15	14.65	15.72
Tangible BV per Share	-	-	-	-	-	-	-	-	-	-
Common Stock	40K	40K	65K	66K	66K	66K	71K	71K	72K	72K
Additional Paid-in Capital	22.76M	22.96M	23.07M	31.48M	39.05M	39.2M	50.18M	50.7M	51.25M	50.02M
Retained Earnings	4.4M	8.38M	1.9M	6.13M	11.29M	20.66M	34.85M	48.56M	58.92M	68.17M
Accumulated OCI	10K	-223K	-58K	-209K	54K	68K	-328K	-2.37M	-1.82M	-1.64M
Treasury Stock	0	0	0	0	0	0	0	-481K	-1.57M	-3.2M
Preferred Stock	0	0	0	1K	17K	17K	17K	17K	17K	17K

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	7.37M	133K	-12.57M	-12.22M	-18.18M	-20.45M	-43.03M	-35.79M	-33.19M	-86.63M
Operating CF Growth %	9.29%	-0.98%	-95.53%	0.03%	-0.49%	-0.12%	-1.1%	0.17%	0.07%	-1.61%
Net Income	3.29M	3.98M	2.93M	9.62M	7.88M	10.93M	17.03M	17.03M	15.22M	13.94M
Depreciation & Amortization	351K	637K	780K	1.48M	924K	634K	544K	436K	457K	451K
Deferred Taxes	0	0	0	0	0	0	-216K	311K	-56K	0
Other Non-Cash Items	4.62M	-3.19M	-16.75M	-23.05M	-28.82M	-30.1M	-59.66M	-53.8M	-43.99M	-107.81M
Working Capital Changes	-991K	-1.49M	391K	-374K	1.72M	-2.06M	-1.28M	277K	-5.12M	6.79M
Cash from Investing+	-16.89M	-30.16M	-44.91M	-12.2M	-23.4M	-87.44M	29.48M	21.17M	-643K	-74.03M
Purchase of Investments	0	0	0	0	0	0	-17M	-7.41M	-405.8M	0
Sale/Maturity of Investments	0	0	0	0	0	0	1000K	1000K	1000K	0
Net Investment Activity	-	-	-	-	-	-	-	-	-	-
Acquisitions	0	0	-18.74M	0	-2.5M	0	-3.19M	-435.16M	0	0
Other Investing	-16.72M	-29.88M	-26.17M	-12.04M	-20.72M	-87.38M	-407.28M	21.29M	-62.44M	-73.81M
Cash from Financing+	11.3M	33.64M	75.17M	24.23M	43.33M	134.55M	12.68M	10.78M	50.44M	165.62M
Dividends Paid	0	0	-10.68M	-802K	-1.42M	-1.55M	-2.84M	-3.32M	-3.58M	-4.68M
Share Repurchases	0	0	0	0	0	0	0	-481K	-1.09M	-2.96M
Stock Issued	0	0	0	0	0	0	0	0	0	0
Net Stock Activity	-	-	-	-	-	-	-	-	-	-
Debt Issuance (Net)	0	0	1000K	-1000K	1000K	1000K	-1000K	-1000K	1000K	-1000K
Other Financing	11.3M	33.64M	62.85M	35.12M	39.66M	64.41M	93.62M	49.1M	34.12M	184.26M
Net Change in Cash+	1.78M	3.61M	17.69M	-11.55M	1.75M	26.66M	-876K	-3.84M	16.61M	4.96M
Exchange Rate Effect	0	0	0	0	0	0	0	0	0	0
Cash at Beginning	6.93M	8.71M	12.32M	30.01M	18.46M	20.2M	46.87M	45.99M	42.16M	58.77M
Cash at End	8.71M	12.32M	30.01M	18.46M	20.2M	46.87M	45.99M	42.16M	58.77M	63.72M
Interest Paid	0	0	0	0	0	0	0	0	0	0
Income Taxes Paid	0	0	0	0	0	0	0	0	0	0
Free Cash Flow+	7.2M	-151K	-12.57M	-12.38M	-18.36M	-20.51M	-43.21M	-35.91M	-33.56M	-86.84M
FCF Growth %	5.52%	-1.02%	-82.27%	0.02%	-0.48%	-0.12%	-1.11%	0.17%	0.07%	-1.59%

Banking Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	12.91%	13.64%	10.45%	28.24%	14.69%	16.97%	21.38%	17.08%	14.97%	12.65%
Return on Assets (ROA)	1.94%	2.04%	1.21%	3.01%	1.91%	2.13%	2.82%	2.58%	2.36%	1.81%
Net Interest Margin	0%	0%	0%	0%	0%	0%	-0.62%	4.49%	0%	0%
Efficiency Ratio	77.17%	72.19%	82.89%	69.74%	75.73%	70.76%	63.71%	67.62%	55.53%	58.1%
Equity / Assets	15.38%	14.62%	9.13%	12.02%	13.83%	11.69%	14.49%	15.75%	15.78%	13.14%
Book Value / Share	13.46	15.34	8.89	5.71	7.68	9.11	12.07	13.15	14.65	15.72
NII Growth	-	-	-	-	-	-	-	857.68%	-100%	-
Dividend Payout	-	-	364.09%	9.1%	22%	16.56%	18.37%	21.43%	23.53%	33.61%

Frequently Asked Questions

Valuation & Price

Tectonic Financial, Inc. (TECTP) has a price-to-earnings (P/E) ratio of 6.1x. This may indicate the stock is undervalued or faces growth challenges.

Growth & Financials

Tectonic Financial, Inc. (TECTP) grew revenue by 9.7% over the past year. This is steady growth.

Yes, Tectonic Financial, Inc. (TECTP) is profitable, generating $3.3M in net income for fiscal year 2024 (19.3% net margin).

Dividend & Returns

Yes, Tectonic Financial, Inc. (TECTP) pays a dividend with a yield of 6.36%. This makes it attractive for income-focused investors.

Tectonic Financial, Inc. (TECTP) has a return on equity (ROE) of 12.7%. This is reasonable for most industries.

Industry Metrics

Tectonic Financial, Inc. (TECTP) has a net interest margin (NIM) of N/A. NIM has been under pressure due to interest rate environment.

Tectonic Financial, Inc. (TECTP) has an efficiency ratio of 58.1%. This is reasonable for a bank.

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