Third Century Bancorp (TDCB) AI Stock Analysis

Third Century Bancorp

(Other OTC:TDCB)

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Rating:70Outperform

Price Target:$17.00▲(10.39% Upside)

Action:reiterated

Date:09/19/26

Third Century Bancorp achieves a solid overall score, driven largely by its attractive P/E valuation and strong cash flow generation capabilities. While long-term moving averages suggest sustained underlying support, the stock faces near-term technical weakness. High balance sheet leverage and margin compression remain the primary fundamental risks constraining the score.

Positive Factors

Revenue Growth and ProfitabilityThe company remains profitable while maintaining positive revenue growth, providing an operating base for continued investment and balance-sheet strengthening. Although growth has moderated from earlier years, the combination of expansion and positive margins supports durable earnings capacity over the next several quarters.

Negative Factors

Elevated LeverageThe sharp increase in leverage from sub-1x levels in 2020–2021 leaves the company more sensitive to credit quality, funding costs, and earnings swings. Even after improvement in 2025, the reduced capital cushion remains a durable constraint on financial flexibility and resilience.

Third Century Bancorp (TDCB) vs. SPDR S&P 500 ETF (SPY)

Market Cap: $18.21M
Dividend Yield: 1.36%
Average Volume (3M): 663
Price to Earnings (P/E): 7.0
Beta (1Y): -0.00
Revenue Growth: 11.37%
EPS Growth: 44.09%
Country: US
Employees: 47
Sector: Financial
Sector Strength: 68
Industry: Banks - Regional

Third Century Bancorp Business Overview & Revenue Model

Company Description

Third Century Bancorp serves as the parent entity for Mutual Savings Bank, which delivers a comprehensive suite of financial products and services to individual consumers and corporate clients across Johnson County and its neighboring areas. Its depo...

Third Century Bancorp Financial Statement Overview

Summary

The company displays consistent top-line growth and a strong recovery in free cash flow, supported by a healthy free cash flow to net income ratio. However, the score is tempered by historical margin contraction and significantly elevated leverage, with the debt-to-equity ratio spiking to 4.16x.

Income Statement

68Positive

Balance Sheet

55Neutral

Cash Flow

85Very Positive

Financial statement breakdown
Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	19.74M	18.30M	17.01M	14.74M	11.27M	10.54M
Gross Profit	11.83M	10.42M	9.17M	9.11M	9.72M	9.80M
EBITDA	2.97M	2.44M	1.74M	1.24M	2.69M	3.10M
Net Income	2.61M	1.87M	1.31M	1.02M	2.12M	2.34M
Balance Sheet
Total Assets	366.00M	349.19M	312.38M	312.91M	280.50M	241.56M
Cash, Cash Equivalents and Short-Term Investments	34.73M	33.87M	9.20M	13.47M	3.75M	4.86M
Total Debt	31.83M	54.81M	60.78M	56.26M	31.58M	5.00M
Total Liabilities	354.83M	336.02M	302.92M	303.40M	272.47M	220.03M
Stockholders Equity	11.16M	13.17M	9.46M	9.51M	8.02M	21.53M
Cash Flow
Free Cash Flow	0	2.20M	2.45M	-417.92K	249.01K	642.58K
Operating Cash Flow	0	2.40M	2.66M	1.42M	2.73M	706.80K
Investing Cash Flow	0	-10.53M	-6.13M	-21.75M	-55.24M	-31.07M
Financing Cash Flow	0	32.80M	-804.75K	30.06M	51.39M	30.34M

Third Century Bancorp Technical Analysis

Technical Analysis SentimentNegative

Last Price15.40

Price Trends

50DMA16.63Negative

100DMA16.88Negative

200DMA15.37Positive

Market Momentum

MACD-0.35Positive

RSI22.01Positive

STOCH47.17Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TDCB, the sentiment is Negative. The current price of 15.40 is below the 20-day moving average (MA) of 15.93, below the 50-day MA of 16.63, and above the 200-day MA of 15.37, indicating a neutral trend. The MACD of -0.35 indicates Positive momentum. The RSI at 22.01 is Positive, neither overbought nor oversold. The STOCH value of 47.17 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TDCB.

Third Century Bancorp Peers Comparison

Overall Rating

UnderperformOutperform

Sector (68)

Financial Indicators

TDCB against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
TDCB	70Outperform	$18.18M	7.01	19.26%	1.36%	11.37%	44.09%
Sector *	68Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%
KFFB	62Neutral	$43.18M	22.64	3.86%	0.94%	8.69%	958.30%
GLBZ	52Neutral	$12.19M	-76.49	-0.39%	―	17.13%	-395.56%
SHFS	39Underperform	$1.55M	-0.01	-52.68%	―	-28.59%	94.79%

* Financial Sector Average

Performance Comparison

TDCB and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
TDCB	Third Century Bancorp	15.40	6.69	76.83%
CARV	Carver Bancorp	1.85	-1.14	-38.13%
GLBZ	Glen Burnie	4.17	-0.52	-10.98%
KFFB	Kentucky First Federal	5.34	1.39	35.29%
SHFS	Shf Holdings Inc.	0.06	-29.82	-99.79%
MBBC	Marathon Bancorp, Inc.	14.44	3.50	31.95%

Glossary

BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.

Date of analysis: Sep 19, 2026

Third Century Bancorp AI Stock Analysis