TECTP Research | Milton Maxwell

TECTP

Tectonic Financial, Inc.

11.07

+0.01+0.09%

Dec 16, 4:00:00 PM EST

Upcoming Earnings

Report date

≈ -/-

Earnings Call Transcripts

This Quarter (Q1 '26)

No earnings call transcript available yet

Last Quarter (Q4 '25)

No earnings call transcript available

Key Stats

Market Cap

44.85M

P/E (TTM)

5.14

Basic EPS (TTM)

2.15

Dividend Yield

0.01%

Recent Filings

8-K

Redeems preferred stock, notes

2/19/26Feb 19, 2026

Tectonic Financial completed redemption of all 1,725,000 outstanding Series B Preferred shares on February 17, 2026. Its subsidiary T Bancshares simultaneously redeemed 7.125% Fixed-to-Floating Rate Subordinated Notes due 2027 and 2028. Redemptions clear key capital structures. No terms disclosed.

8-K

Tectonic issues $40M Tier 2 notes

2/12/26Feb 12, 2026

Tectonic Financial issued $40 million in 7.25% fixed-to-floating subordinated notes due 2036 on February 11, 2026, to accredited investors in a private placement. Proceeds will refinance T Bancshares notes and redeem 9% Series B preferred stock, while qualifying as Tier 2 capital. Notes fix at 7.25% until 2031, then float at 3-month SOFR plus 368 bps; callable after five years. Subordinated to senior debt.

8-K

Series B dividend declared

1/27/26Jan 27, 2026

Tectonic Financial declared a quarterly cash dividend of $0.2768541 per share on its 9.00% Series B Preferred Stock, covering November 17, 2025 to February 17, 2026, payable February 17 to holders of record February 6. It follows the January 16 announcement of conditional redemption of the stock on or about February 17. Dividend meets fixed-rate obligations.

8-K

Redeems preferred stock, delists.

1/15/26Jan 15, 2026

Tectonic Financial plans to redeem all 1,725,000 shares of its 9.00% Series B Preferred Stock at $10.00 per share plus declared unpaid dividends on February 17, 2026, triggering Nasdaq delisting and SEC deregistration. TBI will concurrently redeem its 2027 and 2028 Notes at 100% principal plus accrued interest. All redemptions hinge on securing funding. Delisting slashes reporting costs.

8-K

Spinco spin-off completed

1/5/26Jan 5, 2026

Tectonic Financial completed the separation and distribution of Tectonic Advisors (Spinco) to its continuing shareholders on January 5, 2026, receiving 1.53 million common shares (22.25% fully diluted) and $35 million cash from a repaid promissory note. Directors Steven B. Clapp and Thomas Sanders resigned immediately after, with no disagreements. Board declared $0.14 per share common dividend, payable February 18 to pre-distribution holders. Cash targets debt repayment, preferred redemption, or buybacks.

About

Tectonic Financial, Inc., a financial holding company, provides banking and financial products and services to high-net-worth individuals, small businesses, and institutions in Dallas, Tarrant, Denton, Collin, and Rockwall counties. It offers commercial and consumer banking services, such as demand deposits, regular savings accounts, money market accounts, individual retirement accounts, and certificates of deposits; commercial and real estate loans, dental loans, commercial real estate, construction loans, and consumer installment loans; investment services; 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; online, telephone, mobile, and Internet banking services; and other banking services. 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 based in Dallas, Texas.

CEO

Mr. Arthur Haag Sherman CPA, J.D.

IPO

5/30/2019

Website

https://www.t.financial

Employees

215

Sector

Financial Services

Industry

Banks - Regional