The Community Financial Corporation (TCFC) released its first quarter results on Tuesday, April 27, 2021. The company reported net earnings of $1.07 per share for the first quarter ending March 31, 2021. Earnings for this past quarter were up 129 percent compared to the same period a year ago.
The Community Financial Corporation was founded in 1950 and is headquartered in Waldorf, Maryland. The Community Financial Corporation operates as the bank holding company for Community Bank of the Chesapeake that provides commercial and retail banking services to individuals and businesses. The company's deposit products include savings, money market, demand deposit, and time deposit accounts.
The Community Financial Corporation's revenue increased 0 percent over the past trailing twelve-month period versus the previous twelve-month period. Operating margins increased to 41.87% over the same period. Net earnings for past trailing twelve months were $19.69 million, up 39% from the prior year.
Overall liquidity of the balance sheet, as measured by the current ratio, decreased 80.91% this past year. The current ratio for The Community Financial Corporation now stands at 0.26. The company increased shares outstanding by 0.09%.
Shares of TCFC are currently trading around $34.75. In terms of valuation, the stock is trading at a trailing twelve-month price to earnings ratio of 10.41 and price to book ratio of 1.02.