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Complete financial analysis of Triad Business Bank (TBBC) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Triad Business Bank, a leading company in the Banks – Regional industry within the Financial Services sector.
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Triad Business Bank (TBBC)
About Triad Business Bank
Triad Business Bank provides various banking products and services in the United States. It offers checking, savings, money market, and retirement accounts, as well as certificates of deposit; and home equity loan, real estate investment purchases or refinances, and refinance existing loan services, as well as acquisition financing and working capital loans. The company also provides online banking, personal online bill pay, E-statements, personal debit cards, and mobile deposit and banking services, as well as treasury solutions and merchant services. In addition, the company offers letters of credit products, such as export letters of credit, export documentary collections, import letter of credit, import documentary collections, and foreign or domestic letters of credit; and lines of credit products, including revolving, equipment purchases, guidance, seasonal cash flow, additional working capital, and inventory financing. Further, the company provides lockbox, remote deposit capture, and mobile capture services; ACH origination, wire origination, and purchase card services; and fraud protection services. Additionally, it offers zero balance, line of credit, and checking sweep services. The company operates three banking offices in the Triad region of North Carolina. Triad Business Bank was incorporated in 2020 and is based in Greensboro, North Carolina.
| Metric | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|
| Revenue | 8.57M | 14.94M | 9.40M | 2.76M |
| Cost of Revenue | -15.57M | 0.00 | 0.00 | 910.08K |
| Gross Profit | 24.14M | 14.94M | 9.40M | 1.85M |
| Gross Profit Ratio | 281.77% | 100.00% | 100.00% | 66.99% |
| Research & Development | 0.00 | 0.00 | 0.00 | 0.00 |
| General & Administrative | 621.51K | 535.62K | 530.63K | 598.52K |
| Selling & Marketing | 376.15K | 306.89K | 226.65K | 199.93K |
| SG&A | 997.66K | 842.50K | 757.28K | 798.45K |
| Other Expenses | 10.08M | -2.67M | -2.25M | -1.62M |
| Operating Expenses | 11.08M | 2.67M | 2.25M | 5.83M |
| Cost & Expenses | 11.08M | 15.23M | 10.97M | 5.83M |
| Interest Income | 23.27M | 14.18M | 8.61M | 3.33M |
| Interest Expense | 12.66M | 2.72M | 1.23M | 632.74K |
| Depreciation & Amortization | 88.49K | 85.67K | 82.56K | 48.90K |
| EBITDA | -4.23M | 0.00 | -1.48M | -3.94M |
| EBITDA Ratio | -49.39% | -0.73% | -15.01% | -142.88% |
| Operating Income | -2.39M | -296.43K | -1.57M | -3.99M |
| Operating Income Ratio | -27.84% | -1.98% | -16.66% | -144.65% |
| Total Other Income/Expenses | -1.93M | -296.43K | -962.34K | -493.92K |
| Income Before Tax | -4.32M | -296.43K | -1.57M | -3.99M |
| Income Before Tax Ratio | -50.42% | -1.98% | -16.66% | -144.65% |
| Income Tax Expense | 0.00 | 67.24K | -1.49M | 172.00 |
| Net Income | -4.32M | -363.67K | -1.57M | -3.99M |
| Net Income Ratio | -50.42% | -2.43% | -16.66% | -144.66% |
| EPS | -0.65 | -0.06 | -0.27 | -0.78 |
| EPS Diluted | -0.65 | -0.06 | -0.27 | -0.78 |
| Weighted Avg Shares Out | 6.65M | 6.60M | 5.72M | 5.08M |
| Weighted Avg Shares Out (Dil) | 6.65M | 6.60M | 5.72M | 5.08M |
Triad Business Bank (OTC Pink - "TBBC"), August 6, 2024, Announces Unaudited Second Quarter 2024 Results
Triad Business Bank (OTC Pink - "TBBC"), May 2, 2024, Announces Unaudited First Quarter 2024 Results
Triad Business Bank (OTC Pink - "TBBC"), February 9, 2024, Announces Unaudited Results for 2023, Including Fourth Quarter Results
Triad Business Bank (OTC Pink - "TBBC"), August 8, 2023, Announces Unaudited Second Quarter 2023 Results
Source: https://incomestatements.info
Category: Stock Reports