Tectonic Financial, INC
Market Movers (8-K)
NASDAQ
Tectonic Financial, Inc. announced the completion of previously disclosed redemptions of its Series B Preferred Stock and subordinated notes.
NASDAQ
Tectonic Financial, Inc. completed a $40 million private placement of 7.25% Fixed-to-Floating Rate Subordinated Notes due 2036 to refinance existing debt and preferred stock.
Capital raise
Better than expected
NASDAQ
Tectonic Financial, Inc. declared a quarterly cash dividend on its Series B Preferred Stock and announced a conditional redemption of the same stock.
NASDAQ
Tectonic Financial, Inc. announced its intent to redeem all outstanding Series B Preferred Stock, leading to its delisting from NASDAQ and deregistration with the SEC, conditioned on obtaining funding.
Better than expected
Capital raise
Delay expected
NASDAQ
Tectonic Financial, Inc. files an amended 8-K to include pro forma financial statements following the spin-off of Tectonic Advisors, LLC.
Capital raise
Better than expected
NASDAQ
Tectonic Financial, Inc. completed the separation and distribution of Tectonic Advisors, LLC, receiving $35 million in cash and repurchasing 22.25% of its common stock.
Quarterly Earnings (10-Q)
NASDAQ
Tectonic Financial, Inc. announced a significant increase in net income and assets for the third quarter and nine months ended September 30, 2025, despite rising credit loss provisions.
NASDAQ
Tectonic Financial, Inc. announced significant increases in net income and earnings per share for the second quarter and first half of 2025, driven by robust loan growth and improved net interest margin.
Better than expected
NASDAQ
Tectonic Financial's Q1 2025 net income available to common stockholders increased by 44.4% year-over-year, driven by growth in net interest and non-interest income.
Better than expected
NASDAQ
Tectonic Financial's Q3 2024 results show a rise in net income available to common shareholders, driven by increased net interest and non-interest income, but tempered by higher provisions for credit losses and non-interest expenses.
Worse than expected
NASDAQ
Tectonic Financial's Q2 2024 results show a slight increase in net income available to common shareholders, but a decrease in earnings per share compared to the same period last year.
Worse than expected
NASDAQ
Tectonic Financial's first quarter of 2024 saw a decrease in net income available to common shareholders despite an increase in total assets, driven by higher expenses and credit loss provisions.
Worse than expected
Annual Reports (10-K)
NASDAQ
Tectonic Financial's 2024 10-K filing reveals growth in assets and net income, alongside detailed risk factors and regulatory compliance information.
Capital raise
Worse than expected
NASDAQ
Tectonic Financial, Inc. reports a net income of $15.2 million for the year ended December 31, 2023, with total assets reaching $677.3 million.
Capital raise
Worse than expected
Insider Trading (Form 4)
NASDAQ
Tectonic Financial's CEO, A. Haag Sherman, disposed of 5,000 shares of Series B Preferred Stock following a redemption call by the issuer.
NASDAQ
Tectonic Financial, Inc.'s Chief Financial Officer, Michelle Kay Baird, reported the disposition of 2,500 shares of Series B Non-Cumulative Perpetual Preferred Stock due to an issuer redemption.
NASDAQ
Tectonic Financial, Inc. director Thomas McDougal reported the redemption of 29,967 shares of Series B Non-Cumulative Perpetual Preferred Stock by the issuer.
NASDAQ
Tectonic Financial, Inc. redeemed 2,500 shares of Series B Non-Cumulative Perpetual Preferred Stock held by Director Barb Bomersbach at $10 per share.
NASDAQ
Tectonic Financial's CEO and 10% owner, Sherman A. Haag, reported the sale of 20,000 shares of common stock at $5.70 per share.
NASDAQ
Tectonic Financial Director Thomas R. Sanders reported the disposition of 172,840 shares of common stock, primarily linked to the spin-off of Tectonic Advisors, LLC.
Schedule 13D - Activist Investments
NASDAQ
Tectonic Financial, Inc. filed an amended Schedule 13D detailing the spin-off of Tectonic Advisors, LLC, a $35 million cash infusion, and significant changes to its reporting shareholder group.