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General information

Country: UNITED STATES

Sector: Banks — Regional

Tectonic Financial, Inc., a financial holding company, offers banking, trust, investment advisory, securities brokerage, and insurance services to high net worth individuals, small businesses, and institutions in the United States. Tectonic Financial, Inc. was formerly known as T Acquisition, Inc. and changed its name to Tectonic Financial, Inc. in May 2019. The company was founded in 2016 and is based in Dallas, Texas.
Website: t.financial



Growth: Bad revenue growth rate -22.2%, there is slowdown compared to average historical growth rates 89.9%. The revenue growth dynamics is unstable

Profitability: LTM net profit margin is positive, +76.7%. On average the margin is decreasing unsteadily. Gross margin is high, +100.0%.

Cash Flow Generation: Dividend yield for the last twelve months 8.8%.

Undervaluation: Fundamental value created in LTM (estimate)


Entry Point: Share price is 24.3% higher than minimum and 5.3% lower than maximum for the last 3 years

AI Insight: the companies with similar growth trajectories, Net Income margin, industries and geography on average are valued 8.2x by P / Sales multiple , the company can be >100% undervalued

Key Financials (Download financials)

Ticker: TECTP
Share price, USD:  (-0.7%)10.23
year average price 10.12  


year start price 9.99 2023-05-10

min close price 9.99 2023-07-11

max close price 10.52 2024-05-01

current price 10.23 2024-05-09
Common stocks: 7 336 195

Dividend Yield:  8.8%
P / E LTM: 3.3x
P / E annualized: 4.7x
Last revenue growth (y/y):  -22.2%
Last growth of Net Income (y/y):  -50.0%
Historical revenue growth:  89.9%
Historical growth of Net Income:  78.0%
P / Sales: 2.5x
Margin (Net Income LTM / Revenue): 76.7%
Fundamental value created in LTM:
Market Cap ($m): 75
Price to Book: 0.7x

Revenue and Net Income

Quarterly values ($m)

Change (y/y)

Share price and dividends (Download history)

Share price

Payment USD per share

Multiple and potential

EV / Sales

Potential dynamics

More information for subscribed users:
detailed calculation of
Fundamental value created in LTM

Financial reporting

Income Statement

Property 2023 q4 2023 q3 2023 q2 2023 q1 2022 q4 2022 q3 2019 q1
date 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30 2019-03-31
symbol TECTP TECTP TECTP TECTP TECTP TECTP TECTP
reportedCurrency USD USD USD USD USD USD USD
cik 2M 2M 2M 2M 2M 2M 2M
fillingDate 2024-04-01 2023-11-14 2023-08-14 2023-05-15 2023-03-31 2022-11-14 2019-03-31
acceptedDate 2024-04-01 14:47:18 2023-11-14 13:01:48 2023-08-14 13:02:26 2023-05-15 14:01:41 2023-03-31 14:01:21 2022-11-14 11:01:37 2019-03-30 20:00:00
calendarYear 2023.000 2023.000 2023.000 2023.000 2022.000 2022.000 2021.000
period Q4 Q3 Q2 Q1 Q4 Q3 Q1
revenue 16M 17M 16M 11M 25M 9M 5M
costOfRevenue 0 5M 4M 0 0 0 0
grossProfit 16M 12M 11M 11M 25M 9M 0
grossProfitRatio 1.000 0.699 0.723 1.000 1.000 1.000 0
researchAndDevelopmentExpenses 0 0 0 0 0 0 0
generalAndAdministrativeExpenses 679 000 608 000 737 000 523 000 1M 298 000 3M
sellingAndMarketingExpenses 558 000 8M 8M 0 0 0 0
sellingGeneralAndAdministrativeExpenses 10M 9M 9M 523 000 1M 298 000 3M
otherExpenses 0 0 0 0 0 0 0
operatingExpenses 12M 11M 12M 523 000 1M 298 000 0
costAndExpenses 12M 11M 12M 523 000 1M 298 000 0
interestIncome 0 10M 9M 11M 25M 9M 4M
interestExpense 0 5M 4M 4M 4M 2M 1M
depreciationAndAmortization -4M -5M -4M 0 329 000 107 000 386 000
ebitda -389 000 -388 000 -388 000 10M 19M 7M 4M
ebitdaratio -0.024 -0.023 -0.025 0.904 0.779 0.807 0.682
operatingIncome 4M 5M 4M 10M 19M 7M 0
operatingIncomeRatio 0.243 0.318 0.248 0.904 0.765 0.795 0
totalOtherIncomeExpensesNet 0 0 0 -4M -3M -1M 0
incomeBeforeTax 4M 5M 4M 6M 16M 6M 2M
incomeBeforeTaxRatio 0.243 0.318 0.248 0.550 0.639 0.652 0.331
incomeTaxExpense 556 000 1M 839 000 1M 3M 1M 364 000
netIncome 3M 4M 3M 5M 13M 4M 1M
netIncomeRatio 0.184 0.226 0.169 0.432 0.507 0.518 0.260
eps 0.400 0.520 0.360 0.670 1.710 0.610 0
epsdiluted 0.400 0.520 0.360 0.650 1.710 0.610 0
weightedAverageShsOut 7M 7M 7M 7M 7M 7M 0
weightedAverageShsOutDil 7M 7M 7M 7M 7M 7M 0
link Link Link Link Link Link Link
finalLink Link Link Link Link Link Link

Balance Sheet Statement

Property 2023 q4 2023 q3 2023 q2 2023 q1 2022 q4 2022 q3 2019 q1
date 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30 2019-03-31
symbol TECTP TECTP TECTP TECTP TECTP TECTP TECTP
reportedCurrency USD USD USD USD USD USD USD
cik 2M 2M 2M 2M 2M 2M 2M
fillingDate 2024-04-01 2023-11-14 2023-08-14 2023-05-15 2023-03-31 2022-11-14 2019-03-31
acceptedDate 2024-04-01 14:47:18 2023-11-14 13:01:48 2023-08-14 13:02:26 2023-05-15 14:01:41 2023-03-31 14:01:21 2022-11-14 11:01:37 2019-03-30 20:00:00
calendarYear 2023.000 2023.000 2023.000 2023.000 2022.000 2022.000 2021.000
period Q4 Q3 Q2 Q1 Q4 Q3 Q1
cashAndCashEquivalents 59M 48M 45M 6M 9M 7M 12M
shortTermInvestments 0 21M 22M 20M 21M 21M 11M
cashAndShortTermInvestments 59M 48M 45M 26M 29M 28M 24M
netReceivables 0 0 0 0 0 0 2M
inventory 0 0 0 0 0 0 0
otherCurrentAssets 0 0 0 0 0 0 0
totalCurrentAssets 59M 48M 45M 26M 29M 28M 0
propertyPlantEquipmentNet 7M 7M 7M 5M 5M 5M 5M
goodwill 21M 21M 21M 21M 21M 21M 11M
intangibleAssets 359 000 412 000 464 000 517 000 569 000 622 000 3M
goodwillAndIntangibleAssets 22M 22M 22M 22M 22M 22M 13M
longTermInvestments 0 -1M 28M 0 -493M 0 19M
taxAssets 0 1M 967 000 1M 636 000 941 000 0
otherNonCurrentAssets 590M 552M -29M 0 493M 0 0
totalNonCurrentAssets 619M 582M 29M 28M 27M 28M 0
otherAssets 0 0 548M 577M 556M 533M 311M
totalAssets 677M 629M 622M 631M 613M 588M 311M
accountPayables 0 0 0 0 0 0 806 000
shortTermDebt 0 0 0 0 0 0 0
taxPayables 0 0 0 0 0 0 134 000
deferredRevenue 0 0 0 0 0 0 0
otherCurrentLiabilities 0 0 0 0 0 0 0
totalCurrentLiabilities 95 000 402 000 351 000 0 0 0 0
longTermDebt 33M 12M 12M 0 0 0 20M
deferredRevenueNonCurrent 0 0 0 0 0 0 782 000
deferredTaxLiabilitiesNonCurrent 0 0 0 0 0 0 527 000
otherNonCurrentLiabilities 537M 512M -12M 0 0 0 0
totalNonCurrentLiabilities 570M 524M 12M 0 0 0 0
otherLiabilities 0 0 508M 0 0 494M 280M
capitalLeaseObligations 0 0 0 0 0 0 0
totalLiabilities 570M 524M 520M 0 0 494M 280M
preferredStock 17 000 17 000 17 000 17 000 0 17 000 0
commonStock 72 000 71 000 71 000 71 000 71 000 71 000 66 000
retainedEarnings 59M 57M 53M 51M 49M 46M 7M
accumulatedOtherComprehensiveIncomeLoss -2M -2M -2M -2M -2M -3M -54 000
othertotalStockholdersEquity 50M 50M 50M 50M 50M 50M 23M
totalStockholdersEquity 107M 105M 102M 100M 96M 94M 30M
totalEquity 107M 105M 102M 100M 96M 94M 30M
totalLiabilitiesAndStockholdersEquity 677M 629M 622M 631M 613M 588M 311M
minorityInterest 0 0 0 0 0 0 0
totalLiabilitiesAndTotalEquity 677M 629M 622M 631M 613M 588M 311M
totalInvestments 0 21M 22M 20M 21M 21M 30M
totalDebt 33M 12M 0 0 0 0 20M
netDebt -26M -36M -45M -6M -9M -7M 8M
link Link Link Link Link Link Link
finalLink Link Link Link Link Link Link

Cash Flow Statement

Property 2023 q4 2023 q3 2023 q2 2023 q1 2022 q4 2022 q3 2019 q1
date 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30 2019-03-31
symbol TECTP TECTP TECTP TECTP TECTP TECTP TECTP
reportedCurrency USD USD USD USD USD USD USD
cik 2M 2M 2M 2M 2M 2M 2M
fillingDate 2024-04-01 2023-11-14 2023-08-14 2023-05-15 2023-03-31 2022-11-14 2019-03-31
acceptedDate 2024-04-01 14:47:18 2023-11-14 13:01:48 2023-08-14 13:02:26 2023-05-15 14:01:41 2023-03-31 14:01:21 2022-11-14 11:01:37 2019-03-30 20:00:00
calendarYear 2023.000 2023.000 2023.000 2023.000 2022.000 2022.000 2021.000
period Q4 Q3 Q2 Q1 Q4 Q3 Q1
netIncome 3M 4M 3M 5M 12M 5M 1M
depreciationAndAmortization 117 000 117 000 111 000 112 000 329 000 107 000 386 000
deferredIncomeTax 0 0 0 -415 000 346 000 -35 000 -48 000
stockBasedCompensation 76 000 76 000 75 000 75 000 259 000 13 000 13 000
changeInWorkingCapital -4M 686 000 0 340 000 -48M -6M -563 000
accountsReceivables 0 0 0 0 0 0 0
inventory 0 0 0 0 0 0 0
accountsPayables 0 0 0 0 0 0 0
otherWorkingCapital -4M 686 000 0 0 0 0 0
otherNonCashItems -16M -10M -18M -2M 0 0 -6M
netCashProvidedByOperatingActivities -17M -5M -14M 3M -35M -394 000 -5M
investmentsInPropertyPlantAndEquipment 7000.000 -86 000 -87 000 -210 000 0 0 -49 000
acquisitionsNet 0 0 0 -25M 0 0 -3M
purchasesOfInvestments 0 0 0 -100M -7M 0 -77M
salesMaturitiesOfInvestments 0 0 0 125M 323M 120M 78M
otherInvestingActivites -18M 6M -5M 17M -299M -115M 1M
netCashUsedForInvestingActivites -18M 6M -5M 16M 16M 5M -692 000
debtRepayment -21M 0 -103M -143M -319M -104M -94M
commonStockIssued 0 0 103M 0 0 0 0
commonStockRepurchased -1M 0 -100 000 0 -246 000 -235 000 0
dividendsPaid -1M -829 000 -830 000 -830 000 -3M -549 000 0
otherFinancingActivites 27M 3M -10M 15M 337M 100M 97M
netCashUsedProvidedByFinancingActivities 45M 2M -11M 15M 15M -4M 3M
effectOfForexChangesOnCash -1.000 0 0 1.000 4M 0 0
netChangeInCash 11M 2M -31M 34M 521 000 121 000 -3M
cashAtEndOfPeriod 59M 48M 45M 76M 42M 42M 13M
cashAtBeginningOfPeriod 48M 45M 76M 42M 42M 42M 15M
operatingCashFlow -17M -5M -14M 3M -35M -394 000 -5M
capitalExpenditure 7000.000 -86 000 -87 000 -210 000 0 0 -49 000
freeCashFlow -17M -5M -15M 3M -35M -394 000 -5M
link Link Link Link Link Link Link
finalLink Link Link Link Link Link Link

Earning call transcript

SEC forms

Show financial reports only

SEC form 10
2023-11-14 00:00 ET
Tectonic Financial reported for 2023 q3
SEC form 10
2023-08-14 00:00 ET
Tectonic Financial reported for 2023 q2
SEC form 10
2023-05-15 00:00 ET
Tectonic Financial reported for 2023 q1
SEC form 10
2023-03-31 00:00 ET
Tectonic Financial published news for
SEC form 6
2023-01-24 15:31 ET
Tectonic Financial published news for 2022 q4
SEC form 10
2022-11-14 11:01 ET
Tectonic Financial reported for 2022 q3
SEC form 10
2022-11-14 00:00 ET
Tectonic Financial reported for 2022 q3
SEC form 6
2022-10-25 13:00 ET
Tectonic Financial published news for 2022 q3
SEC form 10
2022-08-15 14:01 ET
Tectonic Financial reported for 2022 q2
SEC form 10
2022-08-15 00:00 ET
Tectonic Financial reported for 2022 q2
SEC form 6
2022-07-26 15:41 ET
Tectonic Financial published news for 2022 q2
SEC form 10
2022-05-16 14:01 ET
Tectonic Financial reported for 2022 q1
SEC form 10
2022-05-16 00:00 ET
Tectonic Financial reported for 2022 q1
SEC form 6
2022-04-26 16:00 ET
Tectonic Financial published news for 2022 q1
SEC form 10
2022-03-31 00:00 ET
Tectonic Financial published news for
SEC form 6
2022-01-25 16:01 ET
Tectonic Financial published news for 2021 q4
SEC form 10
2021-11-15 13:01 ET
Tectonic Financial published news for 2021 q3
SEC form 10
2021-11-15 00:00 ET
Tectonic Financial published news for 2021 q3
SEC form 6
2021-10-26 14:30 ET
Tectonic Financial published news for 2021 q3
SEC form 10
2021-08-16 12:21 ET
Tectonic Financial published news for 2021 q2
SEC form 10
2021-08-16 00:00 ET
Tectonic Financial published news for 2021 q2
SEC form 6
2021-07-27 14:46 ET
Tectonic Financial published news for 2021 q2
SEC form 6
2021-07-01 14:52 ET
Tectonic Financial published news for 2021 q2
SEC form 6
2021-06-24 16:30 ET
Tectonic Financial published news for 2021 q1
SEC form 10
2021-05-14 16:32 ET
Tectonic Financial published news for 2021 q1
SEC form 10
2021-05-14 00:00 ET
Tectonic Financial published news for 2021 q1
SEC form 6
2021-05-05 17:15 ET
Tectonic Financial published news for 2021 q1
SEC form 6
2021-04-27 15:30 ET
Tectonic Financial published news for 2021 q1
SEC form 6
2021-01-26 11:22 ET
Tectonic Financial published news for 2020 q4
SEC form 10
2020-11-13 11:00 ET
Tectonic Financial published news for 2020 q3
SEC form 6
2020-10-27 15:34 ET
Tectonic Financial published news for 2020 q3