Tri-County Financial Reports Q4 Results

MENDOTA, Ill., — Tri-County Financial Group, Inc. has announced net income for the fourth quarter of 2022 was $2.3 million ($0.92 per share), compared to $1.9 million ($0.79 per share) during the fourth quarter of 2021.

On December 13, 2022, the Board of Directors declared a regular dividend of $0.20 per share and a special dividend of $0.10 per share, payable January 12, 2023, to shareholders of record on December 31, 2022.

In announcing the results, President and CEO, Tim McConville, stated "Our fourth quarter numbers again represented solid earnings performance for 2022 despite a slowdown in the mortgage banking industry.  Asset quality as measured by nonperforming loans to total loans is stable as we continue to see strong performance with our borrowers."

Great Lake Banker Magazine

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