Tectonic Financial, Inc. is a technology-focused financial services company offering a comprehensive range of services including commercial banking, trust, retirement, retirement plan administration, insurance, securities brokerage, wealth management, and factoring through its subsidiaries T Bank, N.A., Tectonic Advisors, LLC, Sanders Morris LLC, HWG Insurance Agency LLC, The Nolan Company, a division of T Bank, N.A., and Integra Funding Solutions, a division of T Bank, N.A. Dedicated to delivering exceptional customer experiences, Tectonic Financial combines high-tech solutions with a personal touch, providing high returns on equity and assets. The Company’s non-cumulative perpetual preferred stock is publicly traded on Nasdaq Global Select Market under the symbol “TECTP.” For more information, visit tectonicfinancial.com.
Company profile
Ticker
TECTP
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
T Acquisition, Inc.
SEC CIK
Corporate docs
Subsidiaries
T Bancshares, Inc. • Tectonic Advisors, LLC • Sanders Morris Harris LLC • HWG Insurance LLC ...
IRS number
820764846
Latest filings (excl ownership)
8-K
Other Events
26 Jan 24
8-K
Tectonic Financial Appoints David Clifford as Chief Operating Officer
19 Dec 23
10-Q
2023 Q3
Quarterly report
14 Nov 23
8-K
Other Events
24 Oct 23
10-Q
2023 Q2
Quarterly report
14 Aug 23
8-K
Other Events
25 Jul 23
10-Q
2023 Q1
Quarterly report
15 May 23
8-K
Other Events
25 Apr 23
10-K
2022 FY
Annual report
31 Mar 23
8-K
Other Events
24 Jan 23
Financial summary
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Diluted EPS |
Annual (USD) | Dec 22 | Dec 21 | Dec 20 | Dec 19 | |
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Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 47.73 mm | 47.73 mm | 47.73 mm | 47.73 mm | 47.73 mm | 47.73 mm |
Cash burn (monthly) | (no burn) | (no burn) | (no burn) | (no burn) | 1.72 mm | 2.48 mm |
Cash used (since last report) | n/a | n/a | n/a | n/a | 10.30 mm | 14.86 mm |
Cash remaining | n/a | n/a | n/a | n/a | 37.43 mm | 32.87 mm |
Runway (months of cash) | n/a | n/a | n/a | n/a | 21.7 | 13.2 |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
17 Nov 23 | Darrell Cain | Series B Non-Cumulative Perpetual Preferred Stock | Buy | Acquire P | No | No | 10.1 | 1,000 | 10.10 k | 7,000 |
18 Aug 23 | Darrell Cain | Series B Non-Cumulative Perpetual Preferred Stock | Buy | Acquire P | No | No | 10.1439 | 1,000 | 10.14 k | 6,000 |
18 Aug 23 | Darrell Cain | Series B Non-Cumulative Perpetual Preferred Stock | Buy | Acquire P | No | No | 10.15 | 1,000 | 10.15 k | 5,000 |
18 May 23 | Darrell Cain | Series B Non-Cumulative Perpetual Preferred Stock | Buy | Acquire P | No | No | 10.11 | 1,000 | 10.11 k | 4,000 |
18 May 23 | Darrell Cain | Series B Non-Cumulative Perpetual Preferred Stock | Buy | Acquire P | No | No | 10.19 | 1,000 | 10.19 k | 3,000 |
17 Nov 22 | Darrell Cain | Series B Non-Cumulative Perpetual Preferred Stock | Buy | Acquire P | No | No | 10.34 | 1,000 | 10.34 k | 2,000 |