Form 8-K

8-K — Texas Community Bancshares, Inc.

Accession: 0001104659-26-048381

Filed: 2026-04-24

Period: 2026-04-24

CIK: 0001849466

SIC: 6036 (SAVINGS INSTITUTIONS, NOT FEDERALLY CHARTERED)

Item: Results of Operations and Financial Condition

Item: Financial Statements and Exhibits

Documents

8-K — tcbs-20260424x8k.htm (Primary)

EX-99.1 (tcbs-20260424xex99d1.htm)

XML — IDEA: XBRL DOCUMENT (R1.htm)

8-K

8-K (Primary)

Filename: tcbs-20260424x8k.htm · Sequence: 1

Texas Community Bancshares, Inc._April 24, 2026

0001849466false00018494662026-04-242026-04-24

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): April 24, 2026

Texas Community Bancshares, Inc.

(Exact Name of Registrant as Specified in its Charter)

Maryland

001-40610

86-2760335

(State or Other Jurisdiction of Incorporation)

(Commission File No.)

(I.R.S. Employer Identification No.)

215 West Broad Street, Mineola, Texas

75773

(Address of Principal Executive Offices)

(Zip Code)

(903) 569-2602

(Registrant’s telephone number, including area code)

Not Applicable

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Common stock, par value $0.01 per share

TCBS

The Nasdaq Stock Market, LLC

Title of Each Class

Trading Symbol(s)

Name of Each Exchange on Which Registered

Indicate by check mark whether the Registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 or Rule 12b-2 of the Securities Exchange Act of 1934.

Emerging growth company ☒

If an emerging growth company, indicate by check mark if the Registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☒

Item 2.02Results of Operations and Financial Condition.

On April 24, 2026, Texas Community Bancshares, Inc. issued a press release announcing its unaudited consolidated financial results for the three months ended March 31, 2026. A copy of the press release is furnished as Exhibit 99.1 and is incorporated herein by reference.

Item 9.01Financial Statements and Exhibits.

(d)

Exhibits

99.1

Press Release dated April 24, 2026

104

Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

TEXAS COMMUNITY BANCSHARES, INC.

Date: April 24, 2026

By:

/S/ Jason Sobel

Jason Sobel

President and Chief Executive Officer

EX-99.1

Filename: tcbs-20260424xex99d1.htm · Sequence: 2

Exhibit 99.1

Company Contact:

Jason Sobel

President and Chief Executive Officer

Texas Community Bancshares, Inc.

(903) 569-2602

jsobel@broadstreet.bank

TEXAS COMMUNITY BANCSHARES, INC. REPORTS UNAUDITED FINANCIAL RESULTS FOR

THE FIRST QUARTER ENDED MARCH 31, 2026

MINEOLA, Texas; April 24, 2026 — Texas Community Bancshares, Inc. (“Texas Community Bancshares” or the “Company”) (NASDAQ: TCBS), the holding company for Broadstreet Bank, SSB, today reported net income of $836,000 for the three months ended March 31, 2026, compared to net income of $643,000 for the three months ended March 31, 2025.

Texas Community Bancshares’ President and Chief Executive Officer (CEO) Jason Sobel, said, “I am pleased to report continued momentum across our key financial measures. Net income increased to $836,000 for the quarter, up from $643,000 in the 1st quarter of 2025, representing a 30.0% improvement compared to the same period last year. This marks our sixth consecutive record quarter in our 92-year history. In addition, compared to 2021, the year in which we went public—when full-year net income was $518,000—we have already generated more than 150% of that amount in the first quarter of 2026.”

“We still have over $80 million in our loan portfolio at rates of 4% or less that will continue to pay down and be replaced with new loans at current market rates. Currently, we are seeing favorable loan demand that is helping us reach our growth target. We have also grown our lower cost deposit base, which is helping reduce our funding costs.”

“The bank has continued to modernize by automating portions of our loan processing, issuing tap-to-pay cards on site, and deploying ATMs that accept deposits for transactions that cannot be completed through mobile deposit.”

“As we continue to meet our improvement targets, we are now poised for growth. We plan to enter the outer DFW market and broke ground this quarter in Terrell, Texas. With the area experiencing significant expansion, we expect to be the fourth bank in a market with more than $1 billion in deposits.”

“Last year, we foreclosed on two large real estate relationships and moved the underlying collateral properties to Other Real Estate Owned. Both are located in desirable areas – one in our primary market area, and one in the DFW metroplex. Each property is being marketed for sale, and we have received strong interest.”

“There is a lot of noise in the economy today, and we believe we are positioned to benefit across a range of scenarios. If rates rise, we can replace low-rate loans with higher-yielding credits. If rates decline, we can lower our funding costs. If loan demand increases, we are prepared to grow. If loan demand slows, we can meaningfully pay down non-core funding to reduce interest expense and adjust fixed-rate deposit costs to improve efficiency. We also have more variable-rate assets than ever before, which provides additional flexibility in changing market conditions.”

“We continue to believe we are stronger, more efficient, and better positioned than ever to capitalize on opportunities in 2026. We will continue to work with trusted partners as we evaluate options to expand our market share, optimize our branch network, and grow our client base. We remain committed to executing our strategic growth plan while creating long-term value and returns for our shareholders.”

Results of Operations

Net interest income increased $103,000, or 3.1%, to $3.4 million for the three months ended March 31, 2026 from $3.3 million for the three months ended March 31, 2025 due to a decrease in interest expense of $167,000. This

resulted primarily from a reduction of $10.4 million, or 3.5%, in average interest-bearing deposits from $293.6 million for the three months ended March 31, 2025 to $283.2 million for the three months ended March 31, 2026. Additionally, the cost of interest-bearing deposits decreased 12 basis points over the same period to 2.33% for the three months ended March 31, 2026 from 2.45% for the same period in 2025.

Interest income for the three months ended March 31, 2026 decreased $64,000, or 1.1% to $5.6 million. Loan interest increased by $254,000, or 5.8% to $4.7 million for three months ended March 31, 2026 from $4.4 million for the three months ended March 31, 2025. Loan yields increased 26 basis points, or 4.4%, to 6.14% for the three months ended March 31, 2026 from 5.88% for the same period in 2025. This was offset by a decrease of $266,000, or 25.9%, in interest on securities. Average securities decreased $18.1 million, or 18.8%, to $78.0 million for the three months ended March 31, 2026 from $96.1 million for the same period in 2025. The average yield on securities also decreased 37 basis points, or 8.7% to 3.91% for the three months ended March 31, 2026 from 4.28% for the same period in 2025.

The provision for credit losses was $6,000 for the three months ended March 31, 2026, a decrease of $107,000, or 94.7% compared to $113,000 for the three months ended March 31, 2025 primarily due to a $4.7 million decrease in loans in the 1st quarter of 2026 and changes in the composition of the loan portfolio. Net interest income after provision for credit losses was $3.4 million for the first quarter of 2026, compared to $3.2 million for the same period in 2025.

Noninterest income increased $236,000, or 51.1%, to $698,000 for the three months ended March 31, 2026, compared to $462,000 for the same period in 2025. This was due primarily to $168,000 in rental income on a multifamily property foreclosed on in the 3rd quarter of 2025, as well as a $57,000 referral fee earned in connection with the payoff and transfer of an existing multifamily loan to capital markets. The foreclosed property is currently held in Other Real Estate Owned. It is over 90% occupied and is currently being marketed for sale.

Noninterest expense increased $240,000, or 8.2%, to $3.2 million for the three months ended March 31, 2026 from $2.9 million for the same period in 2025. This was due primarily to $104,000 in expense related to the foreclosed multifamily noted previously, and a $77,000 increase in technology expense related to the implementation of an online loan origination and account opening platform.

Net interest margin increased 25 basis points, or 7.6%, to 3.49% for the three months ended March 31, 2026, compared to 3.24% for the three months ended March 31, 2025. Average interest-earning assets were $393.8 million for the three months ended March 31, 2026, compared to $411.0 million for the same period in 2025, and the yield on average interest-earning assets increased to 5.66% from 5.48% over the same period. Average interest-bearing liabilities decreased to $328.7 million for the three months ended March 31, 2026, compared to $343.8 million for the same period in 2025, and the cost of interest-bearing liabilities decreased to 2.60% from 2.68% over the same period.

Financial Condition

Total assets increased $604,000, or 0.1%, to $430.4 million at March 31, 2026, compared to $429.8 million at December 31, 2025. Interest bearing deposits in banks increased $4.6 million, or 83.6%, to $10.1 million, from $5.5 million at December 31, 2025. Loans and leases receivable, net, decreased $4.7 million, or 1.6% to $298.5 million at March 31, 2026, compared to $303.2 million at December 31, 2025 following the payoff of a large multifamily loan in the first quarter of 2026. Total securities, including both available for sale and held to maturity securities, decreased $585,000, or 0.8%, to $77.6 million at March 31, 2026 compared to $78.2 million at December 31, 2025 due to maturities and paydowns, and partially offset by purchases made in the 1st quarter of 2026.

Total deposits increased $4.1 million, or 1.3%, to $332.0 million at March 31, 2026, compared to $327.9 million at December 31, 2025, with most of this growth in non-interest bearing deposit accounts. Advances from the Federal Home Loan Bank decreased $4.1 million, or 9.0% to $41.6 million at March 31, 2026, compared to $45.7 million at December 31, 2025, as two advances totaling $4.0 million were repaid prior to maturity.

Asset Quality

Net chargeoffs remain low and the quality of the loan portfolio remains strong. At March 31, 2026, past due loans represented 0.91%, and nonaccrual loans represented 0.65%, of the loan portfolio. At March 31, 2026, the allowance for credit losses to total loans and leases was 1.14%.

Nonperforming assets decreased $235,000, or 1.8%, to $11.2 million, or 2.60% of total assets, at March 31, 2026, compared to $11.4 million, or 2.65% of total assets, at December 31, 2025, primarily due to the sale of one bank owned property that was previously held for future expansion, but subsequently transferred to other real estate owned.

Shareholders’ Equity

Total shareholders’ equity increased $477,000, or 0.9%, to $54.2 million at March 31, 2026 from $53.8 million at December 31, 2025. This increase was primarily due to net income for the three months ended March 31, 2026 of $836,000, an increase of $37,000 from stock based compensation expense, and an increase of $56,000 from the accrual of ESOP commitments. This was partially offset by a $309,000 increase in accumulated other comprehensive loss, net of tax, and quarterly dividends paid totaling $143,000. At March 31, 2026, Broadstreet Bank was well capitalized and had a leverage ratio of 11.97%.

At March 31,

At December 31,

2026

2025

(Unaudited)

Selected Consolidated Financial Condition Data (Amounts in thousands):

Total assets

430,446

429,842

Cash and cash equivalents

6,454

6,450

Interest bearing deposits in banks

10,083

5,509

Securities available for sale

60,070

59,893

Securities held to maturity

17,521

18,283

Loans and leases receivable, net

298,501

303,205

Premises and equipment, net

13,121

11,459

Bank owned life insurance

6,587

6,544

Other real estate owned

9,104

9,271

Restricted investments carried at cost

2,805

2,773

Total deposits

331,957

327,904

Advances from the Federal Home Loan Bank

41,567

45,669

Total shareholders' equity

54,234

53,757

For the Three Months Ended March 31,

2026

2025

(Unaudited)

Selected Consolidated Operating Data (Amounts in thousands):

Interest income

5,570

5,634

Interest expense

2,139

2,306

Net interest income

3,431

3,328

Provision for credit losses

113

Net interest income after provision for credit losses

3,425

3,215

Noninterest income

698

462

Noninterest expense

3,168

2,928

Income before income taxes

955

749

Income tax expense

119

106

Net income

836

643

About Texas Community Bancshares, Inc.

Texas Community Bancshares, Inc. is the holding company for Broadstreet Bank, SSB (the “Bank”). The Bank operates seven full-service branch locations in Texas in Wood, Smith and Van Zandt counties with the home office being located in Mineola, Texas. Texas Community Bancshares is traded on the NASDAQ Capital Market Exchange under the symbol “TCBS.”

Statement About Forward-Looking Statements

Statements contained in this news release that are not historical facts may constitute forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995 and such forward-looking statements are subject to significant risks and uncertainties. The Company intends such forward-looking statements to be covered by the safe harbor provisions contained in the Act. The Company’s ability to predict results or the actual effect of future plans or strategies is inherently uncertain. Factors which could have a material adverse effect on the Company’s operations and future prospects include, but are not limited to, general and local economic conditions; changes in market interest rates, deposit flows, demand for loans, and real estate values; competition; competitive products and pricing; the ability of the Company’s customers to make scheduled loan payments; loan delinquency rates and trends; the Company’s ability to manage the risks involved in its business; the Company’s ability to control costs and expenses; inflation, and market and monetary fluctuations; changes in federal and state legislation and regulations applicable to the Company’s business; and other factors that may be disclosed in the Company’s periodic reports as filed with the Securities and Exchange Commission. These risks and uncertainties should be considered in evaluating forward-looking statements and undue reliance should not be placed on such statements. The Company assumes no obligation to update any forward-looking statements except as may be required by applicable law or regulation.

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