TECTP Tectonic Financial, Inc.

Overview and Growth

Fiscal 2024 results for Tectonic Financial, Inc. included $7.48M of revenue and net income of $13.94M. Reported revenue of $7.48M establishes the scale of the bank’s recognized income for the year and provides context for comparing earnings with the financial resources employed. The top line expanded 16.1% from $6.44M in fiscal 2023, increasing the company’s operating scale. Diluted earnings per share were $1.68, translating the period’s attributable earnings into the amount reported for each diluted share. Diluted EPS decreased by 10.2% from $1.87 in fiscal 2023, showing how the earnings change reached shareholders on a per-share basis. The diluted weighted-average share count was 7.21M, linking total earnings with the per-share result received by shareholders. The diluted share count was 1.1% lower than fiscal 2023, when diluted shares averaged 7.29M, adding context to the EPS comparison. The bank reported $863.38M of total assets, the resource base supporting its lending, investing, and other financial activities and the basis for assessing earnings returns, capitalization, liquidity, and its shareholder-capital buffer.

Profitability

Bottom-line earnings totaled $13.94M for the fiscal year. The final earnings result represented 186.3% of revenue, connecting the absolute net income figure with the company’s top-line scale. Pretax income was $18.32M, isolating the reported earnings outcome before the income-tax provision recognized for the fiscal year. Pretax income represented 244.9% of revenue, placing earnings before tax in the context of the company’s operating scale. Income tax expense totaled $4.38M, providing the reported tax component that separates pretax and after-tax earnings. The income-tax provision equaled 23.9% of pretax income, showing the tax burden absorbed by the year’s earnings. The relationship between net income and period-end equity was 12.3%, indicating the profitability achieved on book capital. Return on period-end assets was 1.6%, connecting net income with the company’s total asset base. Current net income of $13.94M was below fiscal 2023 net income of $15.22M, showing the direction of the bottom-line change. Bank earnings depend on a large financial-asset base, making bottom-line profitability and returns on book capital central to the analysis. Asset-based returns show the earnings produced by the bank’s full balance sheet, while equity-based returns relate that result specifically to the shareholder-capital base and clarify the relationship between them.

Liquidity and Capital Structure

Total assets were $863.38M, supported by $749.95M of liabilities and $113.43M of shareholder equity. Reported cash and equivalents were $63.72M, separating immediately recognizable cash resources from the rest of the current-asset base. Book equity represented 13.1% of total assets, quantifying the balance-sheet share supported by shareholder capital. The liabilities-to-assets relationship was 86.9%, placing reported obligations against the full positive asset balance. Cash and equivalents equaled 7.4% of total assets, showing the liquid cash component within the company’s broader resource base. The asset base changed 27.5% from $677.35M in fiscal 2023, leaving current total assets higher year over year. Book equity was 6.2% higher than fiscal 2023 equity of $106.86M, showing how shareholder capital changed year over year. The reported cash balance changed 8.4% from $58.77M in fiscal 2023, ending higher year over year. The mix of equity and liabilities is central to a bank’s resilience because book capital provides the balance sheet’s principal loss-absorbing layer. Year-over-year movement in total assets shows whether the banking platform expanded or contracted, while the accompanying change in book equity shows how shareholder capital moved alongside that balance-sheet scale.

Based on the annual report for the fiscal year ending Dec 31, 2024. Analysis generated Sep 24, 2026.