Tri-County Q3 Net Income Falls 9.7% as Mortgage Unit Winds Down
Photo: TokenPost
Tri-County Financial Group’s third-quarter net income fell 9.7% year over year as costs to wind down its mortgage subsidiary affected results, while its CEO also cited merger expenses. Net income was $3.353 million for the quarter ended Sept. 30, compared with $3.712 million in the same quarter of 2025. Basic net income per share was $1.39, down from $1.56. Net interest income increased to $14.517 million from $12.969 million. Noninterest income declined to $3.471 million from $4.448 million. Tri-County terminated its mortgage company, First State Mortgage, during the quarter and incurred costs as it continued to wind down the business.
Source: TokenPost
