Tri-Continental Corporation (TY) 10-Year Financial Performance & Capital Metrics

TY • • Banking & Credit

Financial ServicesAsset ManagementTraditional Asset ManagementGlobal Diversified Asset Managers

AboutTri-Continental Corporation is a closed ended equity mutual fund launched and managed by Columbia Management Investment Advisers, LLC. It primarily invests in the public equity markets of the United States. The fund invests in stocks of companies that operate across diversified sectors. It seeks to invest in stocks of large-cap companies. The fund benchmarks the performance of its portfolio against S&P 500 Index. Tri-Continental Corporation was formed in January 1929 and is domiciled in the United States.Show more

Net Interest Income $32M +6.5%
Total Revenue $322M +26.7%
Net Income $321M +26.7%
Return on Equity 17.57% +16.8%
Net Interest Margin 1.68% -2.1%
Efficiency Ratio 0.28% -13.0%
ROA 17.53% +16.7%
Equity / Assets 99.77%
Book Value per Share 36.81 +11.5%
Tangible BV/Share 36.81 +11.5%
Debt/Equity 0.00

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Company is almost debt free
✓Efficient operations: 0.3% efficiency ratio
✓Well capitalized: 99.8% equity/assets
✓Share count reduced 2.4% through buybacks
✓Diversified revenue: 90.0% from non-interest income
✓Trading at only 0.9x book value

✗Weaknesses

✗Weak NIM of 1.7%

Price & Volume

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Growth Metrics

Revenue CAGR

10Y20%

5Y-1.25%

3Y-9.69%

TTM-

Profit (Net Income) CAGR

10Y8.33%

5Y-1.23%

3Y-9.71%

TTM84.24%

EPS CAGR

10Y10.16%

5Y-0.48%

3Y-7.98%

TTM90.91%

ROCE

10Y Avg10.12%

5Y Avg10.15%

3Y Avg5.55%

Latest17.57%

Peer Comparison

Global Diversified Asset Managers

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
SIISprott Inc.	2.97B	115.19	60.31	19.02%	29.28%	14.59%	2.27%
EMBJEmbraer S.A.	13.36B	73.93	38.51	21.38%	5.51%	10.43%	3.03%	0.78
BENFranklin Resources, Inc.	13.54B	25.97	28.54	3.45%	5.98%	3.61%	6.73%	0.94
BLKBlackRock, Inc.	179.4B	1156.65	27.53	14.27%	31.21%	9.86%	2.62%	0.29
IVZInvesco Ltd.	13.08B	29.39	24.91	6.13%	12.77%	6.75%	8.57%	0.48
SEICSEI Investments Company	10.6B	86.54	19.62	10.7%	27.35%	28.87%	5.34%	0.01
JHGJanus Henderson Group plc	7.15B	47.89	18.71	17.67%	16.53%	9.41%	9.57%	0.10
STTState Street Corporation	38.07B	136.29	16.60	19.64%	12.23%	10.78%		1.45

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	22.29M	21.24M	24.9M	23.72M	22.25M	23.75M	28.05M	30.11M	32.06M
NII Growth %	-	-	-0.05%	0.17%	-0.05%	-0.06%	0.07%	0.18%	0.07%	0.06%
Net Interest Margin %	-	-	-	-	-	-	-	-	-	-
Interest Income	0	22.29M	21.24M	24.9M	23.72M	22.25M	23.75M	28.05M	30.12M	32.06M
Interest Expense	0	0	0	0	0	0	392	208	419	639
Loan Loss Provision	6.45M	0	0	7.49M	7.14M	6.97M	8.49M	7.68M	-419	-639
Non-Interest Income+	56.19M	164.36M	260.91M	-97.17M	318.74M	176.75M	412.92M	-319.44M	223.79M	289.6M
Non-Interest Income %	-	-	-	-	-	-	-	-	-	-
Total Revenue+	56.19M	186.66M	282.16M	-72.27M	342.46M	198.99M	436.67M	-291.39M	253.91M	321.66M
Revenue Growth %	0.08%	2.32%	0.51%	-1.26%	5.74%	-0.42%	1.19%	-1.67%	1.87%	0.27%
Non-Interest Expense	88.42M	1.24M	1.2M	1.19M	1.16M	1.03M	969.54K	817.3K	827.53K	912.11K
Efficiency Ratio	-	-	-	-	-	-	-	-	-	-
Operating Income+	48.73M	185.42M	280.96M	-73.45M	341.3M	197.96M	435.7M	-292.2M	253.08M	320.75M
Operating Margin %	-	-	-	-	-	-	-	-	-	-
Operating Income Growth %	0.09%	2.8%	0.52%	-1.26%	5.65%	-0.42%	1.2%	-1.67%	1.87%	0.27%
Pretax Income+	-32.23M	185.42M	280.96M	-73.45M	341.3M	197.96M	435.7M	-292.2M	253.08M	320.75M
Pretax Margin %	-	-	-	-	-	-	-	-	-	-
Income Tax+	161.93M	0	0	53.29M	0	0	0	0	0	0
Effective Tax Rate %	-	-	-	-	-	-	-	-	-	-
Net Income+	-34.11M	185.42M	280.96M	-73.45M	341.3M	197.96M	435.7M	-292.2M	253.08M	320.75M
Net Margin %	-	-	-	-	-	-	-	-	-	-
Net Income Growth %	-1.24%	6.44%	0.52%	-1.26%	5.65%	-0.42%	1.2%	-1.67%	1.87%	0.27%
Net Income (Continuing)	-34.11M	185.42M	280.96M	-73.45M	341.3M	197.96M	435.7M	-292.2M	253.08M	320.75M
EPS (Diluted)+	-0.58	3.23	5.17	-1.36	6.36	3.77	7.97	-5.39	4.78	6.21
EPS Growth %	-1.25%	6.57%	0.6%	-1.26%	5.68%	-0.41%	1.11%	-1.68%	1.89%	0.3%
EPS (Basic)	-0.58	3.23	5.17	-1.36	6.36	3.77	7.97	-5.39	4.78	6.07
Diluted Shares Outstanding	58.86M	57.41M	54.34M	54.01M	53.64M	52.47M	54.67M	54.25M	52.95M	51.65M

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+	0	0	0	0	0	123.91K	0	0	0	0
Cash & Due from Banks	0	0	0	0	0	123.91K	0	0	0	0
Short Term Investments	0	0	0	0	0	0	0	0	0	0
Total Investments+	1.41B	1.5B	1.67B	1.46B	1.7B	1.77B	2.04B	1.61B	1.74B	1.89B
Investments Growth %	-0.08%	0.06%	0.11%	-0.12%	0.16%	0.05%	0.15%	-0.21%	0.08%	0.09%
Long-Term Investments	1.41B	1.5B	1.67B	1.46B	1.7B	1.77B	2.04B	1.61B	1.74B	1.89B
Accounts Receivables	0	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Goodwill & Intangibles+	-	-	-	-	-	-	-	-	-	-
Goodwill	0	0	0	0	0	0	0	0	0	0
Intangible Assets	0	0	0	0	0	0	0	0	0	0
PP&E (Net)	0	0	0	0	0	0	0	0	0	0
Other Assets	431.81K	-1.5B	-1.67B	-1.46B	0	0	0	0	1.5M	0
Total Current Assets	13.19M	22.52M	9.79M	12.7M	8.9M	10.13M	8.39M	9.94M	18.03M	10.92M
Total Non-Current Assets	1.41B	1.5B	1.67B	1.46B	1.7B	1.77B	2.04B	1.61B	1.74B	1.89B
Total Assets+	1.43B	1.52B	1.68B	1.47B	1.71B	1.78B	2.05B	1.62B	1.75B	1.91B
Asset Growth %	-0.08%	0.07%	0.1%	-0.12%	0.16%	0.05%	0.15%	-0.21%	0.08%	0.09%
Return on Assets (ROA)	-0.02%	0.13%	0.18%	-0.05%	0.21%	0.11%	0.23%	-0.16%	0.15%	0.18%
Accounts Payable	3.95M	14.04M	1.77M	4.85M	3M	1.68M	1.65M	1.18M	4M	2.75M
Total Debt+	0	0	0	0	0	0	85.95K	189.55K	0	9.53K
Net Debt	0	0	0	0	0	-123.91K	85.95K	189.55K	0	9.53K
Long-Term Debt	0	0	0	0	0	0	0	0	0	0
Short-Term Debt	0	0	0	0	0	0	85.95K	189.55K	0	9.53K
Other Liabilities	0	0	0	0	0	321.14K	85.95K	189.55K	418.7K	555.15K
Total Current Liabilities	5.12M	13.08M	470.46K	4.06M	2.19M	1.09M	2.12M	1.18M	4M	3.76M
Total Non-Current Liabilities	4.85M	13.08M	470.46K	4.06M	3.31M	321.14K	85.95K	189.55K	418.7K	555.15K
Total Liabilities	5.12M	14.49M	2.22M	5.23M	2.19M	2M	3.11M	1.78M	4.42M	4.31M
Total Equity+	1.42B	1.51B	1.68B	1.47B	1.7B	1.78B	2.04B	1.61B	1.75B	1.9B
Equity Growth %	-0.08%	0.06%	0.11%	-0.12%	0.16%	0.05%	0.15%	-0.21%	0.08%	0.09%
Equity / Assets (Capital Ratio)	-	-	-	-	-	-	-	-	-	-
Return on Equity (ROE)	-0.02%	0.13%	0.18%	-0.05%	0.22%	0.11%	0.23%	-0.16%	0.15%	0.18%
Book Value per Share	24.14	26.28	30.83	27.20	31.73	33.98	37.38	29.76	33.03	36.81
Tangible BV per Share	-	-	-	-	-	-	-	-	-	-
Common Stock	29.43M	28.38M	27.4M	26.93M	26.82M	26.24M	27.33M	27.12M	26.2M	26.27M
Additional Paid-in Capital	0	1.52B	1.47B	1.44B	1.44B	1.41B	1.48B	1.46B	1.41B	1.42B
Retained Earnings	-208.04M	2.5M	-1.47M	-39.71M	197.6M	307.6M	499.18M	85.45M	269.92M	417.23M
Accumulated OCI	0	82.81M	129.55M	0	0	0	0	0	0	0
Treasury Stock	0	0	0	0	0	0	0	0	0	0
Preferred Stock	38.11M	37.64M	37.64M	37.64M	37.64M	37.64M	37.64M	37.64M	37.64M	37.64M

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+	-32.23M	185.42M	280.96M	-73.45M	341.3M	0	0	0	0	0
Operating CF Growth %	-1.22%	6.75%	0.52%	-1.26%	5.65%	-1%	-	-	-	-
Net Income	-32.23M	185.42M	280.96M	-73.45M	341.3M	197.96M	435.7M	-292.2M	253.08M	320.75M
Depreciation & Amortization	0	0	0	0	0	0	0	0	0	0
Deferred Taxes	0	0	0	0	0	0	0	0	0	0
Other Non-Cash Items	32.23M	-185.42M	-280.96M	73.45M	-55.26M	-197.96M	-435.7M	292.2M	-253.08M	-320.75M
Working Capital Changes	97.06M	33.78M	182.6M	42.98M	55.26M	0	0	0	0	0
Cash from Investing+	0	0	0	0	0	0	0	0	0	0
Purchase of Investments	0	0	0	0	0	0	0	0	0	0
Sale/Maturity of Investments	0	0	0	0	0	0	0	0	0	0
Net Investment Activity	-	-	-	-	-	-	-	-	-	-
Acquisitions	0	0	0	0	0	0	0	0	0	0
Other Investing	0	0	0	0	0	0	0	0	0	0
Cash from Financing+	-96.34M	-97.29M	-114.25M	-132.89M	-108.11M	0	0	0	0	0
Dividends Paid	0	0	0	0	0	0	0	0	0	0
Share Repurchases	0	0	0	0	0	0	0	0	0	0
Stock Issued	0	0	0	0	0	0	0	0	0	0
Net Stock Activity	-	-	-	-	-	-	-	-	-	-
Debt Issuance (Net)	0	0	0	0	0	0	0	0	0	0
Other Financing	-96.34M	-97.29M	-114.25M	-132.89M	-108.11M	0	0	0	0	0
Net Change in Cash+	-128.57M	88.13M	166.71M	-206.55M	233.19M	0	0	0	0	0
Exchange Rate Effect	0	0	0	0	0	0	0	0	0	0
Cash at Beginning	0	0	0	206.67K	-206.34M	233.19M	123.91K	0	0	0
Cash at End	-128.57M	88.13M	166.71M	-206.34M	233.19M	123.91K	123.91K	0	0	0
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+	-32.23M	185.42M	280.96M	-73.45M	341.3M	0	0	0	0	0
FCF Growth %	-1.22%	6.75%	0.52%	-1.26%	5.65%	-1%	-	-	-	-

Banking Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	-2.3%	12.66%	17.65%	-4.67%	21.53%	11.36%	22.77%	-15.98%	15.05%	17.57%
Return on Assets (ROA)	-2.29%	12.57%	17.56%	-4.66%	21.47%	11.34%	22.74%	-15.95%	15.02%	17.53%
Net Interest Margin	0%	1.46%	1.27%	1.69%	1.39%	1.25%	1.16%	1.74%	1.72%	1.68%
Efficiency Ratio	157.36%	0.66%	0.42%	-1.64%	0.34%	0.52%	0.22%	-0.28%	0.33%	0.28%
Equity / Assets	99.62%	99.05%	99.87%	99.65%	99.81%	99.89%	99.85%	99.89%	99.75%	99.77%
Book Value / Share	24.14	26.28	30.83	27.2	31.73	33.98	37.38	29.76	33.03	36.81
NII Growth	-	-	-4.71%	17.21%	-4.74%	-6.21%	6.74%	18.12%	7.36%	6.47%

Frequently Asked Questions

Valuation & Price

Tri-Continental Corporation (TY) has a price-to-earnings (P/E) ratio of 5.4x. This may indicate the stock is undervalued or faces growth challenges.

Growth & Financials

Tri-Continental Corporation (TY) grew revenue by 26.7% over the past year. This is strong growth.

Yes, Tri-Continental Corporation (TY) is profitable, generating $508.3M in net income for fiscal year 2024 (99.7% net margin).

Dividend & Returns

Tri-Continental Corporation (TY) has a return on equity (ROE) of 17.6%. This is reasonable for most industries.

Industry Metrics

Tri-Continental Corporation (TY) has a net interest margin (NIM) of 1.7%. NIM has been under pressure due to interest rate environment.

Tri-Continental Corporation (TY) has an efficiency ratio of 0.3%. This is excellent, indicating strong cost control.

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