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TECTP

Tectonic Financial, Inc.

TECTP

Tectonic Financial, Inc. • NASDAQ
$11.01 ▼ -0.63% (-0.07)
Market Cap $44.61 M
52w High $12.08
52w Low $9.95
Dividend Yield 1.15%
P/E 5.11
Volume 504
Outstanding Shares 4.05M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $20.402M ▲ $20.402M ▲ $5.495M ▲ 26.934% ▲ $0.74 ▲ $54K ▲
Q2-2025 $19.781M ▼ $10.912M ▼ $4.271M ▼ 21.591% ▲ $0.56 ▼ $0 ▼
Q1-2025 $30.164M ▲ $15.295M ▲ $4.453M ▲ 14.763% ▲ $0.58 ▲ $14.074M ▲
Q4-2024 $19.699M ▼ $11.77M ▲ $-10.947M ▼ -55.571% ▼ $0.28 ▼ $-29.927M ▼
Q3-2024 $89.028M $10.181M $4.74M 5.324% $0.67 $0

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $27.998M ▼ $1.064B ▲ $944.686M ▲ $119.151M ▲
Q2-2025 $30.108M ▲ $997.02M ▲ $882.435M ▲ $114.585M ▲
Q1-2025 $26.992M ▲ $910.459M ▲ $799.142M ▲ $111.317M ▼
Q4-2024 $26.129M ▼ $863.38M ▲ $749.951M ▲ $113.429M ▲
Q3-2024 $30.862M $847.503M $734.695M $112.808M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $5.495M ▲ $-17.264M ▲ $19.84M ▲ $57.655M ▼ $60.231M ▲ $-17.264M ▲
Q2-2025 $4.271M ▼ $-32.491M ▲ $-12.94M ▼ $82.107M ▲ $36.676M ▲ $-32.491M ▲
Q1-2025 $4.453M ▲ $-35.62M ▼ $-2.817M ▲ $41.773M ▲ $3.336M ▲ $-35.62M ▼
Q4-2024 $-10.947M ▼ $-30.296M ▼ $-21.786M ▼ $13.04M ▼ $-39.042M ▼ $56.336M ▲
Q3-2024 $4.74M $-22.472M $-7.1M $64.077M $34.505M $-22.273M

Five-Year Company Overview

Income Statement

Income Statement Over the past five years, Tectonic Financial has shown steady, if modest, growth in revenue with consistent profitability. Operating profit has trended upward, which points to better cost control and a more efficient business model. Net income has stayed positive each year, but earnings per share have slipped from their recent peak, suggesting some pressure on margins or a less favorable mix of business in the most recent period. Overall, the income statement reflects a stable, profitable regional financial platform, but not one in a rapid growth phase and with some recent softening in per‑share results.

Balance Sheet

Balance Sheet The balance sheet has strengthened over time, with total assets and shareholders’ equity both rising steadily. This indicates that the company has been building its franchise and retaining earnings. Debt levels are moderate and lower than they were a few years ago, which reduces financial risk and interest burdens. One watchpoint is that reported cash is currently on the lower side compared with prior years, which can limit flexibility if conditions suddenly worsen. In general, though, leverage looks controlled and the balance sheet appears reasonably sound for a smaller regional financial group.

Cash Flow

Cash Flow Despite reported accounting profits, cash flow from operations has been negative for several years, and free cash flow has matched that pattern. For a financial institution, this often reflects growth in loans and other earning assets that use cash in the short term, rather than traditional capital spending. Even so, a business that consistently consumes cash needs reliable funding and tight risk management. The absence of meaningful capital expenditures is normal for an asset‑light, service‑based model, but the recurring negative operating cash flow is an important area to monitor, especially alongside the relatively low cash balance.

Competitive Edge

Competitive Edge Tectonic Financial competes as a niche, diversified regional financial platform rather than a plain‑vanilla bank. Its mix of commercial banking, wealth management, advisory, retirement services, niche factoring, and insurance gives it multiple ways to serve the same client and to earn fees beyond traditional lending. This integrated approach supports cross‑selling, deeper client relationships, and some resilience when one segment of the market slows. However, the company still operates in highly competitive arenas, facing larger national banks, specialized asset managers, and digital‑first fintechs. Its advantage rests more on relationship depth, local and sector expertise, and integration across services than on sheer scale.

Innovation and R&D

Innovation and R&D Innovation at Tectonic appears focused on technology and integration rather than heavy formal R&D spending. The “single cloud core” strategy and unified data platform are designed to connect all subsidiaries, enabling faster loan decisions, real‑time portfolio views, and streamlined onboarding. The rapid rollout of tools like the PPP loan portal and a digital onboarding system for the factoring business shows an ability to move quickly using agile and low‑code development. This approach can improve client experience and internal efficiency, but it is not a unique moat on its own—other institutions can pursue similar tools. The key differentiator will be how well Tectonic continues to execute on integrating technology across its ecosystem and turning data into better risk and client insights.

Summary

Tectonic Financial presents as a steadily growing, consistently profitable regional financial platform that has been strengthening its balance sheet and building a diversified set of earnings streams. Its integrated structure across banking, wealth, retirement, factoring, and insurance gives it multiple levers for growth and resilience, supported by a modern, cloud‑based technology backbone. At the same time, the business has been using rather than generating cash, with low reported cash balances and persistent negative operating cash flow that warrant attention, especially in a cyclical and regulated sector like financial services. The long‑term story hinges on whether the company can keep improving profitability per share, maintain asset quality and funding access through credit cycles, and fully realize the benefits of its integrated, tech‑enabled model in an increasingly competitive landscape.