Tri-County Financial Group, Inc. Reports Fourth Quarter and Year-to-Date 2025 Financial Results
MWN-AI** Summary
Tri-County Financial Group, Inc. has released its financial results for the fourth quarter and the full year of 2025, showing significant growth compared to the previous year. The company reported a net income of $3.9 million ($1.64 per share) for Q4 2025, a substantial rise from $2.4 million ($1.00 per share) in Q4 2024. For the entire year, net income reached $13.7 million ($5.73 per share), increasing by 32% from $10.4 million ($4.33 per share) in 2024.
The increase in net interest income to $13.2 million for Q4 2025 represented a 21% improvement from $10.9 million a year prior, while non-interest income also saw a boost, rising by 13% to $4.5 million. However, non-interest expenses increased slightly to $12.5 million, up by $0.6 million from the prior year.
Total loans grew to $1.33 billion, a 3% increase from $1.29 billion, while the investment portfolio expanded to $154.2 million, reflecting a 7% year-over-year growth. Despite a rise in nonperforming loans as a percentage of total loans, asset quality remained strong with low charge-offs. The company’s total deposits increased by $30.6 million year-over-year to reach $1.304 billion, with approximately $44.9 million from brokered deposits.
Tri-County Financial Group’s solid capital levels include a Tier 1 leverage ratio of 10.02%. The Board declared a regular dividend of $0.25 per share, signaling confidence in sustained growth and profitability. President and CEO Kirk Ross highlighted the robust earnings and ongoing strategies for deposit growth in a competitive banking environment, reinforcing their commitment to exceptional community banking services.
MWN-AI** Analysis
Tri-County Financial Group, Inc. (OTCQX: TYFG) has reported solid fourth quarter and full-year results for 2025, highlighting significant growth, particularly in net income and net interest margins, which should capture investor attention. The company’s net income rose 62.5% year-over-year in Q4 to $3.9 million, yielding $1.64 per share, while annual net earnings jumped 32% to $13.7 million ($5.73 per share). This underlines a robust revenue generation framework and operational efficiencies.
The increase in net interest income—up 21% to $13.2 million in Q4—reflects effective asset management strategies amid fluctuating interest rates. The company’s focus on increasing yields on earning assets while controlling funding costs is commendable. Additionally, their consistent non-interest income growth, culminating at $4.5 million in Q4, paired with a manageable increase in non-interest expenses, suggests operational stability.
Investors should also note Tri-County’s strong capital position, with a Tier 1 leverage ratio of 10.02%, offering a buffer against economic downturns. The nonperforming loans ratio of 0.43% indicates that asset quality remains stable, a critical factor for risk management in banking.
With total deposits increasing by approximately $30.6 million year-over-year, the company illustrates effective deposit growth strategies, adding resilience to its liquidity position. Moreover, the declaration of a regular dividend of $0.25 per share enhances shareholder value and signals management’s confidence in future earnings stability.
Given these positive indicators, investors may find current share prices, around $49.10, attractive relative to the company's book value per share of $66.43 and tangible book value of $62.77. In summary, Tri-County Financial Group presents a compelling investment opportunity, supported by solid financial performance, prudent risk management, and consistent growth strategies. Potential investors should consider these factors when evaluating stock acquisition.
**MWN-AI Summary and Analysis is based on asking OpenAI to summarize and analyze this news release.
PR Newswire
MENDOTA, Ill., Feb. 25, 2026 /PRNewswire/ -- Tri-County Financial Group, Inc. (the "Company") (OTCQX: TYFG) today announced financial results for the fourth quarter of 2025.
Net income for the fourth quarter of 2025 was $3.9 million ($1.64 per share), compared to $2.4 million ($1.00 per share) during the fourth quarter of 2024. Net income was $13.7 million ($5.73 per share) for the twelve-month period ending December 31, 2025, compared to $10.4 million ($4.33 per share) for the twelve-month period ending December 31, 2024, an increase of 32%.
Net interest income was $13.2 million during the quarter ended December 31, 2025, compared to $10.9 million in the same period of 2024, an increase of 21%.
Non-interest income was $4.5 million for the fourth quarter of 2025, an increase of $0.5 million, or 13%, compared to $4.0 million during the quarter ended December 31, 2024.
Non-interest expense was $12.5 million during the quarter ended December 31, 2025, compared to $11.9 million for the fourth quarter of 2024, an increase of $0.6 million.
Our investment portfolio consists entirely of debt securities classified as available-for-sale; therefore, unrealized gains and losses are fully reported on our balance sheet. None of our securities are classified as held-to-maturity. The investment portfolio increased $10.5 million or 7% year over year and totaled $154.2 million at December 31, 2025, as compared to $143.7 million at December 31, 2024.
Total loans increased $42.6 million, or 3%, to $1.33 billion at December 31, 2025, from $1.29 billion at December 31, 2024. Nonperforming loans as a percentage of total loans were 0.43% as of December 31, 2025, compared to 0.33% at December 31, 2024.
The credit loss expense was $0.3 million for the quarter ended December 31, 2025. The allowance for credit loss was $15.0 million at December 31, 2025 and represented 1.13% of gross loans, compared to $14.4 million at December 31, 2024 and 1.12% of gross loans. Asset quality continues to remain strong and charge offs remain low.
Total deposits increased by $30.6 million, year-over-year. Total deposits were $1.304 billion at December 31, 2025, which consisted of approximately $44.9 million of brokered deposits. Total deposits were $1.273 billion at December 31, 2024, which consisted of approximately $49.3 million of brokered deposits. Without factoring in brokered deposits, total deposits increased approximately $35 million year-over-year. Federal Home Loan Bank (FHLB) advances were $77.9 million and $67.9 million at December 31, 2025 and 2024, respectively.
The Company's capital levels remain strong as of December 31, 2025, with a Tier 1 leverage ratio of 10.02%.
On December 9, 2025, the Board of Directors declared a regular dividend of $0.25 per share, payable January 8, 2026, to shareholders of record on December 31, 2025.
In announcing the results, Tri-County Financial Group, Inc. President and CEO Kirk Ross, stated, "Our fourth quarter results reflected solid earnings with strong growth in net interest income and continued improvement in our net interest margin. We believe solid earnings performance will continue with increased yields on our earning assets and lower funding costs as we continue to see repricing in our loan portfolio. We remain attentive to our loan strategies and our asset quality remains strong. We are continuing our deposit growth strategies in a competitive market and monitor our local competition to offer competitive rates while continuing to provide exceptional community banking services. "
Tri-County Financial Group, Inc. is the parent holding company for First State Bank, with offices in Mendota, Batavia, Bloomington, Champaign, Geneva, LaMoille, McNabb, North Aurora, Ottawa, Peru, Princeton, Rochelle, Shabbona, St. Charles, Streator, Sycamore, Waterman and West Brooklyn. First State Bank is the parent company of First State Mortgage Services, LLC and First State Insurance. Tri-County Financial Group, Inc. shares are quoted under the symbol TYFG and traded on OTCQX.
Note: This press release may contain forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. Readers should note that the forward-looking statements included in this press release are not a guarantee of future events, and that actual events may differ materially from those made in or suggested by the forward-looking statements due to various factors, including operating; legal and regulatory risks; changing economic and competitive conditions; and other risks and uncertainties. Any forward-looking statements presented herein are made only as of the date of this press release, and the Company does not undertake any obligation to update or revise any forward-looking statements to reflect changes in assumptions, the occurrence of unanticipated events, or otherwise.
Contact:
Lana Eddy, Secretary
leddy@firststatebank.biz
815.538.2265
TRI COUNTY FINANCIAL GROUP, INC. & SUBSIDIARIES | |||||
CONSOLIDATED STATEMENTS OF INCOME | |||||
QUARTER ENDED DECEMBER 31ST | |||||
(Unaudited, 000s omitted, except share data) | |||||
2025 | 2024 | ||||
Interest Income | 21,296 | 19,531 | |||
Interest Expense | 8,051 | 8,584 | |||
Net Interest Income | 13,245 | 10,947 | |||
Provision (Recovery) for Credit Losses | 18 | 74 | |||
Net Interest Income After Provision (Recovery) | 13,227 | 10,873 | |||
Non-Interest Income | 4,532 | 4,021 | |||
FDIC Assessments | 181 | 170 | |||
Non-Interest Expenses | 12,359 | 11,680 | |||
Income Before Income Taxes | 5,219 | 3,044 | |||
Applicable Income Taxes | 1,329 | 653 | |||
Security Gains (Losses) | - | - | |||
Net Income (Loss) | 3,890 | 2,391 | |||
Basic Net Income Per Share | 1.64 | 1.00 | |||
Weighted Average Shares Outstanding | 2,375,565 | 2,396,410 |
TRI-COUNTY FINANCIAL GROUP, INC. & SUBSIDIARIES | ||||
CONSOLIDATED BALANCE SHEETS | ||||
(Unaudited, 000s omitted, except share data) | ||||
ASSETS | 12/31/2025 | 12/31/2024 | ||
Cash and Due from Banks | 46,193 | 42,418 | ||
Federal Funds Sold | 3,446 | 2,558 | ||
Debt Securities Available-for-Sale | 154,207 | 143,735 | ||
Loans and Leases | 1,327,983 | 1,285,419 | ||
Less: Allowance for Credit Losses | (14,992) | (14,444) | ||
Loans, Net | 1,312,991 | 1,270,975 | ||
Premises & Equipment | 24,330 | 25,344 | ||
Intangibles | 8,678 | 8,700 | ||
Other Real Estate Owned | 101 | 920 | ||
Accrued Interest Receivable | 8,222 | 7,475 | ||
Other Assets | 37,553 | 37,160 | ||
TOTAL ASSETS | 1,595,721 | 1,539,285 | ||
LIABILITIES | ||||
Demand Deposits | 167,062 | 170,545 | ||
Interest-bearing Demand Deposits | 426,398 | 399,103 | ||
Savings Deposits | 198,919 | 202,410 | ||
Time Deposits | 511,544 | 501,239 | ||
Total Deposits | 1,303,923 | 1,273,297 | ||
Repurchase Agreements | 23,105 | 22,679 | ||
FHLB and Other Borrowings | 77,917 | 67,917 | ||
Interest Payable | 73 | 73 | ||
Subordinated Debt | 9,859 | 9,834 | ||
Total Repos & Borrowings | 110,954 | 100,503 | ||
Other Liabilities | 22,466 | 21,680 | ||
Dividends Payable | 607 | 611 | ||
TOTAL LIABILITIES | 1,437,950 | 1,396,091 | ||
STOCKHOLDERS' EQUITY | ||||
Common Stock | 2,375 | 2,394 | ||
Additional Paid-in-Capital | 20,426 | 21,212 | ||
Retained Earnings | 141,073 | 129,793 | ||
Accumulated Other Comprehensive Loss | (6,103) | (10,205) | ||
TOTAL STOCKHOLDERS' EQUITY | 157,771 | 143,194 | ||
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY | 1,595,721 | 1,539,285 | ||
Book Value Per Share | 66.43 | 59.81 | ||
Tangible Book Value Per Share | 62.77 | 56.18 | ||
Bid Price | 49.10 | 45.50 | ||
Period End Outstanding Shares | 2,375,138 | 2,394,193 |
SOURCE Tri-County Financial Group, Inc
FAQ**
How does Tri County Financial Group Inc. TYFG plan to sustain the 32% increase in net income year-over-year, and what initiatives are being implemented to further enhance profitability in the upcoming quarters?
Given the increase in nonperforming loans from 0.33% to 0.43%, what measures is Tri County Financial Group Inc. TYFG taking to mitigate credit risks and maintain asset quality moving forward?
With total loans increasing by only while deposits grew more substantially, how does Tri County Financial Group Inc. TYFG intend to accelerate loan growth to match deposit trends in a competitive lending environment?
In light of the rise in net interest income and the improved net interest margin, what strategies does Tri County Financial Group Inc. TYFG have in place to continue optimizing its asset yields and managing funding costs for future growth?
**MWN-AI FAQ is based on asking OpenAI questions about Tri County Financial Group Inc. (OTC: TYFG).
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