Tectonic Financial, Inc. (TECTP) Income Statement Analysis

See more : ITC Limited (ITC.BO) Income Statement Analysis – Financial Results

Complete financial analysis of Tectonic Financial, Inc. (TECTP) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Tectonic Financial, Inc., a leading company in the Banks – Regional industry within the Financial Services sector.

You may be interested

Tectonic Financial, Inc. (TECTP)

Industry: Banks - Regional

Sector: Financial Services

Website: https://www.t.financial

About Tectonic Financial, Inc.

Tectonic 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.

Metric	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012
Revenue	65.88M	66.26M	60.17M	47.62M	40.30M	35.14M	20.64M	22.22M	22.32M	21.23M	18.38M	14.85M
Cost of Revenue	0.00	32.87M	30.78M	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Gross Profit	65.88M	33.39M	29.38M	47.62M	40.30M	35.14M	20.64M	22.22M	22.32M	21.23M	18.38M	14.85M
Gross Profit Ratio	100.00%	50.39%	48.84%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
Research & Development	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
General & Administrative	2.75M	2.27M	2.50M	2.12M	2.68M	2.06M	1.42M	1.45M	1.26M	1.17M	1.22M	777.00K
Selling & Marketing	558.00K	475.00K	26.78M	24.15M	21.17M	16.40M	8.02M	2.40K	21.00K	55.00K	4.70M	3.61M
SG&A	3.31M	35.55M	29.29M	26.27M	23.85M	18.46M	9.43M	7.63M	6.77M	6.46M	5.91M	4.39M
Other Expenses	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Expenses	36.58M	44.81M	38.33M	33.70M	30.52M	24.51M	17.11M	16.04M	17.22M	16.44M	15.20M	12.77M
Cost & Expenses	36.58M	44.81M	38.33M	33.70M	30.52M	24.51M	17.11M	16.04M	17.22M	16.44M	15.20M	12.77M
Interest Income	0.00	33.39M	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Interest Expense	0.00	5.90M	3.63M	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Depreciation & Amortization	-19.06M	-21.45M	-21.84M	-13.92M	-9.78M	-10.63M	-3.96M	-6.18M	-5.10M	-4.79M	-3.18M	-2.08M
EBITDA	-1.55M	-1.55M	-1.55M	-1.55M	-1.42M	-802.00K	-432.00K	23.01M	26.01M	24.76M	1.82M	0.00
EBITDA Ratio	-2.36%	-2.34%	-2.58%	-3.26%	-3.53%	-2.28%	-2.09%	0.00%	0.00%	0.00%	9.90%	0.00%
Operating Income	29.29M	21.45M	21.84M	13.92M	9.78M	10.63M	3.96M	6.18M	5.10M	4.79M	3.18M	2.08M
Operating Income Ratio	44.47%	32.38%	36.29%	29.24%	24.27%	30.26%	19.20%	27.81%	22.83%	22.55%	17.30%	14.02%
Total Other Income/Expenses	-10.24M	0.00	0.00	0.00	0.00	0.00	-7.67M	-8.41M	-10.46M	-9.99M	-9.29M	0.00
Income Before Tax	19.06M	21.45M	21.84M	13.92M	9.78M	10.63M	3.53M	6.18M	5.10M	4.79M	3.18M	2.08M
Income Before Tax Ratio	28.93%	32.38%	36.29%	29.24%	24.27%	30.26%	17.11%	27.81%	22.83%	22.55%	17.30%	14.02%
Income Tax Expense	3.84M	4.42M	4.80M	3.00M	1.90M	1.01M	598.00K	2.20M	1.80M	1.75M	910.00K	0.00
Net Income	15.22M	15.48M	15.48M	9.37M	6.46M	8.82M	2.93M	3.98M	3.29M	3.04M	4.09M	2.08M
Net Income Ratio	23.10%	23.36%	25.73%	19.68%	16.02%	25.10%	14.21%	17.91%	14.75%	14.31%	22.25%	14.02%
EPS	1.87	2.11	2.21	1.42	0.98	1.34	1.04	1.96	1.62	1.50	2.02	1.16
EPS Diluted	1.87	2.11	2.20	1.42	0.98	1.34	1.04	1.96	1.63	1.51	2.03	1.15
Weighted Avg Shares Out	7.31M	7.34M	7.01M	6.60M	6.59M	6.58M	2.81M	2.03M	2.03M	2.03M	2.02M	1.80M
Weighted Avg Shares Out (Dil)	7.29M	7.34M	7.02M	6.58M	6.57M	6.56M	2.81M	2.03M	2.02M	2.02M	2.02M	1.80M

Tectonic Financial Appoints David Clifford as Chief Operating Officer

December 19, 2023prnewswire.com

HOUSTON , Dec. 19, 2023 /PRNewswire/ -- Tectonic Financial, Inc. ("Tectonic Financial" or the "Company") (Nasdaq: TECTP), a technology-focused financial services company, today announced the appointment of David Clifford as its Chief Operating Officer. Mr. Clifford joined the Company in 2018...