Truxton Corp Stock Price, News & Analysis

Truxton Capital Advisors (TCA) has announced the successful sale of two family-owned environmental businesses in the Dallas/Fort Worth area to a publicly traded company through an asset purchase deal. The acquisition aims to strengthen the buyer's market position in North American environmental testing products and services.

TCA, acting as the sell-side advisor, provided comprehensive support including deal terms negotiation, financial, accounting, tax, and due diligence assistance. Maynard Nexsen served as legal counsel for the sellers, with Robert Waller and Brian Howaniec leading the legal team.

The transaction represents a significant milestone for the family owners, with careful consideration given to employee welfare and management objectives. The deal structure was designed to preserve the owners' legacies while ensuring business succession.

Truxton (OTCPK: TRUX), the parent company of Truxton Trust Company, has declared a quarterly cash dividend of $0.50 per common share. The dividend will be paid on June 25, 2025, to shareholders who are recorded as owners of the stock as of June 11, 2025. This announcement comes from the company's Board of Directors, who approved the dividend distribution.

Truxton (TRUX) reported strong Q1 2025 financial results with net income of $5.1 million, or $1.75 per diluted share, marking a 17% increase from Q1 2024. Key performance highlights include:

- Net Interest Income grew 18% year-over-year
- Non-interest income reached $6.4 million, up 23% from Q1 2024
- Wealth revenue increased 8% year-over-year to $5.3 million
- Loans grew 6% to $702 million compared to Q1 2024
- Total deposits surged 21% to $1.03 billion year-over-year
- Net interest margin improved to 2.90%, up from 2.62% in Q1 2024

The company maintained strong capital position with a Tier 1 leverage ratio of 10.46% and paid dividends of $1.50 per share, including a $1.00 special dividend. Additionally, TRUX repurchased 5,000 shares at an average price of $80.00.

Truxton Wealth has announced two key promotions within its advisory team. Susan Ney, CTFA, who joined the company in 2014, has been elevated to Senior Vice President, Senior Wealth Advisor. She specializes in monitoring investment strategies, trust and estate administration, tax planning, and retirement planning. Ney holds the Certified Trust and Financial Advisor designation and is a member of the Middle Tennessee Estate Planning Council.

Laura Frith, who joined Truxton in 2024, has been promoted from Wealth Associate to Associate Wealth Advisor. In her new role, she will focus on trust and estate administration, tax planning, retirement planning, and coordinating with professional advisors.

Truxton has announced several key additions to its team over the last two months, demonstrating its continued ability to attract top finance industry talent. Steve Pelmore Jr., CPA joins as Vice President, Tax Strategist and Wealth Advisor, bringing nearly 20 years of public accounting experience and military service background.

The company also welcomed Carson Walter as a Credit Analyst, Nathan Johnson as an Accountant with five years of previous finance experience, and Keegan Fornoff as an Office Coordinator. These appointments reflect Truxton's commitment to enhancing client service capabilities and strengthening its team across various departments.

Truxton (OTCPK: TRUX) has announced three significant shareholder-focused initiatives. First, the Board approved a quarterly cash dividend of $0.50 per common share, payable March 25, 2025, marking a 16% increase from the 2024 quarterly dividend of $0.43. This represents the company's thirteenth consecutive year of increased regular dividends.

Additionally, shareholders will receive a special cash dividend of $1.00 per common share, also payable March 25, 2025. Both regular and special dividends will be paid to shareholders of record as of March 11, 2025.

The Board has also authorized a $5 million stock repurchase program to begin after Q4 earnings release and extend for one year. The repurchase program allows for shares to be purchased in open-market or private transactions at management's discretion.

Truxton reported strong financial results for Q4 and full-year 2024. Fourth quarter net income reached $4.99 million ($1.74 per diluted share), up from $4.23 million ($1.46 per diluted share) in Q4 2023. Full-year 2024 net income increased 5% to $18.4 million, with earnings per diluted share rising to $6.34.

Key performance indicators include a 7% growth in Net Interest Income and a 17% increase in Wealth revenue year-over-year. The company maintained strong asset quality with minimal non-performing assets of $11,000. Loans grew 2% year-over-year to $670 million, while deposits increased 11% to $866 million. The net interest margin for Q4 2024 was 2.79%, showing slight improvement from previous quarters.

During 2024, Truxton paid dividends of $2.72 per common share, including a $1.00 special dividend, and repurchased 62,382 shares for $4.2 million at an average price of $66.97 per share.

Truxton Trust Company announced the appointment of Danielle W. Barnes to its Board of Directors. Barnes currently serves as CEO/President of the Girl Scouts of Middle Tennessee, overseeing operations for over 16,000 girls and volunteers. Her prior experience includes leading Ernst & Young's U.S. Human Services practice and serving as Commissioner of the Tennessee Department of Human Services under two governors, where she managed the state's second-largest agency supporting over 2 million Tennesseans. Barnes holds degrees from Spelman College and the University of Tennessee College of Law, and is actively involved in various community organizations.