Teche Holding Company operates as the holding company for Teche Federal Bank that provides various financial services in the United States. The company’s deposit products include savings accounts, checking accounts, money market accounts, demand and NOW accounts, and certificates of deposit. Its loan portfolio comprises one-to-four-family residential real estate loans; construction loans; multi-family and commercial real estate loans; commercial non-real estate loans; commercial land loans; consumer lot loans; home equity loans on single family residences; and consumer loans consisting of loans secured by deposits, home equity loans, automobile loans, mobile home loans, and unsecured persona...
1120 Jefferson Terrace Boulevard
New Iberia, LA 70560
Founded in 1934
Teche Holding Company Announces Unaudited Earnings Results for the Second Quarter and Six Months Ended March 31, 2014; Announces Net Charge-Offs for the Second Quarter Ended March 31, 2014
Apr 30 14
Teche Holding Company announced unaudited earnings results for the second quarter and six months ended March 31, 2014. For the quarter, the company reported earnings amounted to $1.1 million, or $0.51 per diluted share. This is compared to $1.6 million, or $0.75 per diluted share, for the same quarter in fiscal 2013, a decrease of $0.24 per diluted share, or 32.0% compared to the prior year second quarter results. Quarterly operating revenue decreased to $11.7 million for the current quarter, as compared to $11.9 million in the linked quarter and increased from $11.3 million for the same period a year ago. Basic earnings per share were $0.52 against $0.76 a year ago. Book value per common share was $44.12 against $42.40 a year ago. Tangible book value per share increased to $42.39, an increase of 0.2%, or $0.10 compared to December 31, 2013 and 4.4%, or $1.77, year-over-year. Interest income was $9.4 million compared to $9.0 million, net interest income was $7,876,000 against $7,305,000 a year ago. Income before income taxes was $2,074,000 against $2,321,000 a year ago. Annualized return on average equity was 4.67% against 7.19% a year ago. Annualized return on average assets was 0.50% against 0.74% a year ago. Adjusted net income was $1,102,000 against $1,560,000 a year ago.
For the six months, the company reported earnings amounted to $3.5 million, or $1.65 per diluted share, compared to $4.6 million or $2.24 per diluted share, for the same period in fiscal 2013, a decrease of $0.59 per diluted share, or 26.3%. Interest income was $18.9 million compared to $18.6 million, net interest income was $15,769,000 against $15,044,000 a year ago. Income before income taxes was $5,543,000 against $6,970,000 a year ago. Annualized return on average equity was 7.55% against 10.68% a year ago. Annualized return on average equity was 0.81% against 1.09% a year ago. Adjusted net income was $3,517,000 against $4,633,000 a year ago.
Net charge-offs for the quarter were $0.1 million, or 0.02% of average loans, compared to $0.3 million, or 0.05% of average loans, for the same period a year ago.
Teche Holding Company, Special/Extraordinary Shareholders Meeting, May 28, 2014
Apr 23 14
Teche Holding Company, Special/Extraordinary Shareholders Meeting, May 28, 2014. Agenda: To consider acquisition by merger of Teche Holding Company by IberiaBank Corp.
Teche Holding Company Announces Quarterly Dividend, Payable on March 31, 2014
Feb 27 14
The Board of Directors of Teche Holding Company announced that it had declared a quarterly dividend of $0.38 per share of its common stock. This dividend represents a quarterly payout ratio of 33.0% based on diluted earnings per share for the quarter ended December 31, 2013. The dividend will be paid on March 31, 2014 to shareholders of record as of the close of business on March 17, 2014.