Business & Finance
Business and Finance
Business and Finance
Thu, March 3, 2011
Wed, March 2, 2011 Teche Holding Company Named to Keefe, Bruyette and Wood's "Bank Honor Roll" of Superior Performers
NEW IBERIA, LA--(Marketwire - March 2, 2011) - (
Teche Holding Company is the only Louisiana bank included on this year's list. The group includes practically all different sizes and categories of Banks in America. Nearly 400 banks from throughout the US with $500 million or more in total assets were considered for the Honor Roll. This list is selected primarily on the basis of the bank's earning's record. Teche has maintained consistent earnings over the last decade even during the recent financial crisis. Teche was also one of few publicly traded banks in the southeast whose financial strength allowed them to decline TARP.
"We are honored to be named to this elite group of 40 high performing banks in America," said Patrick Little, President & CEO of the Company.
KBW Honor Roll members are publicly traded banking companies with a $500 million or more in total assets that meet the following three conditions:
- No annual loss reported in net income per share before extraordinary items over the past 10 years.
- 2010 annual reported net income per-share before extraordinary items must have been equal to or greater than peak net income per-share over the past 10 years.
- Consecutive increases in net income per-share before extraordinary items since 2009.
More information including press releases and annual reports of Teche are available on our website at [ www.teche.com ].
Teche Federal presently operates nineteen offices in the Louisiana parishes of St. Mary, Iberia, Lafayette, St. Martin, Terrebonne, Lafourche, St. Landry and East Baton Rouge. The Company's common stock is listed as Teche Holding Company and is traded under the symbol "TSH" on the NYSE - AMEX. The Federal Deposit Insurance Corporation (FDIC) insures deposits at Teche Federal Bank up to the legal maximum limits.
