Touchstone Bankshares, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
July 31, 2023 at 02:00 pm
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Touchstone Bankshares, Inc. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported net interest income was USD 5.11 million compared to USD 5.08 million a year ago. Net income was USD 0.285 million compared to USD 0.605 million a year ago. Basic earnings per share from continuing operations was USD 0.09 compared to USD 0.18 a year ago. Diluted earnings per share from continuing operations was USD 0.09 compared to USD 0.18 a year ago.
For the six months, net interest income was USD 10.54 million compared to USD 9.64 million a year ago. Net income was USD 0.089 million compared to USD 1.74 million a year ago. Basic earnings per share from continuing operations was USD 0.03 compared to USD 0.53 a year ago. Diluted earnings per share from continuing operations was USD 0.03 compared to USD 0.52 a year ago.
Touchstone Bank (the Bank) is a local community bank. The Bank provides depository and lending services to customers primarily within the counties of Dinwiddie, Chesterfield and Prince George and the cities of Colonial Heights, Hopewell, and Petersburg. The Bank offers a range of services, including personal, business, loans, services and tools, and wealth management. The Bank's personal and business services include checking account, savings account, loans, and credit card services. The Bank's services and tools include account services, treasury services and various tools. The Bank provides investment, and insurance products and services through its subsidiary, Infinex Investments, Inc. The Bank also provides networking solutions to Virginia community banks through its subsidiary, McKenney Group, LLC. The Bank has approximately 10 branches serving Southern and Central Virginia and two branches and a loan center serving Northern North Carolina.
TOUCHSTONE BANKSHARES, INC. 
