Tri-County Financial Group, Inc. ($TYFG) Announces Strong Financial Results for Q4 2025
MENDOTA, Ill., Feb. 25, 2026 - Tri-County Financial Group, Inc. (the "Company") today unveiled its financial results for the fourth quarter of 2025.
Net income for Q4 2025 reached $3.9 million, or $1.64 per share, up from $2.4 million, or $1.00 per share, in Q4 2024. For the full year ending December 31, 2025, net income was $13.7 million, or $5.73 per share, representing a 32% increase from $10.4 million, or $4.33 per share, in the previous year.
Net interest income for the fourth quarter was $13.2 million, a 21% rise from $10.9 million in the same period last year. Non-interest income also saw an increase, rising by 13% to $4.5 million compared to $4.0 million in Q4 2024.
On the expense side, non-interest expenses increased to $12.5 million from $11.9 million in Q4 2024, marking a rise of $0.6 million.
The investment portfolio, entirely composed of available-for-sale debt securities, grew by 7% year-over-year to $154.2 million, up from $143.7 million at the end of 2024.
Total loans rose by $42.6 million, or 3%, reaching $1.33 billion at December 31, 2025, compared to $1.29 billion a year earlier. The percentage of nonperforming loans also increased slightly to 0.43% from 0.33%.
For the quarter, the credit loss expense was $0.3 million, with an allowance for credit losses at $15.0 million, representing 1.13% of gross loans, compared to 1.12% a year prior. Asset quality remains strong, with low charge-offs.
Deposits grew by $30.6 million year-over-year, totaling $1.304 billion as of December 31, 2025, which included approximately $44.9 million in brokered deposits. Without brokered deposits, the increase was about $35 million. Federal Home Loan Bank advances were $77.9 million, an increase from $67.9 million in 2024.
As of December 31, 2025, the Company's capital levels are robust, with a Tier 1 leverage ratio of 10.02%.
On December 9, 2025, the Board declared a regular dividend of $0.25 per share, payable on January 8, 2026, to shareholders of record as of December 31, 2025.
President and CEO Kirk Ross commented on the results, stating, "Our fourth quarter results reflected solid earnings with strong growth in net interest income and continued improvement in our net interest margin. We believe solid earnings performance will continue with increased yields on our earning assets and lower funding costs. We remain attentive to our loan strategies, and our asset quality remains strong. We are continuing our deposit growth strategies in a competitive market, offering competitive rates while providing exceptional community banking services."
Tri-County Financial Group, Inc. operates First State Bank, with branches across numerous locations including Mendota, Batavia, and more. Shares are traded under the symbol TYFG on OTCQX. For further insights, visit Inside Ticker.