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Truxton Corp - TRUX STOCK NEWS

Welcome to our dedicated news page for Truxton (Ticker: TRUX), a resource for investors and traders seeking the latest updates and insights on Truxton.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Truxton's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Truxton's position in the market.

News
Truxton Corporation Reports First Quarter 2024 Results
Rhea-AI Summary
Truxton reported first quarter 2024 results with a net income of $4.33 million, or $1.48 per diluted share, showing a 1% increase from the same quarter in 2023. Non-interest income grew to $5.1 million, up 10% from the prior quarter and 15% from the first quarter of 2023. Wealth management constituted 96% of non-interest income. Loans increased by less than 1% to $660 million, while total deposits rose by 9% to $850 million. Net interest margin decreased to 2.62%, and cost of funds increased to 3.33%. The company's capital position remains strong with a Tier 1 leverage ratio of 10.40% and a book value per common share of $30.61.
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Truxton Corporation Announces Quarterly Cash Dividend
Rhea-AI Summary
Truxton declares a quarterly cash dividend of $0.43 per common share, payable on June 25, 2024, to shareholders of record as of June 11, 2024.
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Charles Mueller Joins Truxton’s Board of Directors
Rhea-AI Summary
Truxton Trust Company welcomes Charles G. Mueller to its Board of Directors, bringing extensive experience from Northern Trust Mr. Mueller's wealth management expertise adds value to the team, enhancing the company's growth prospects.
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Truxton Announces Relocation to Burton Hills
Rhea-AI Summary
Truxton, a wealth and banking services provider, is relocating its headquarters to Burton Hills in Nashville for client and employee convenience and safety. The move to 20 Burton Hills Blvd, Suite 200, signifies a strategic shift for the company.
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Truxton Corporation Reports Fourth Quarter and Full Year 2023 Results
Rhea-AI Summary
Truxton Corporation, the parent company of Truxton Trust Company, reported an increase in net income by 4% to $17.5 million for the year ended December 31, 2023. Earnings per diluted share rose to $6.02 from $5.75, an increase of 5% from 2022. The company partially restructured its fixed income investment portfolio in December, realizing $445 thousand in losses. Excluding these losses, earnings per diluted share for the quarter would have been approximately $1.58. Non-interest income, excluding the restructuring losses, was $4.7 million in the fourth quarter of 2023, a decline of 4% from the third quarter of 2023 and up 8% from the fourth quarter of 2022. Loans rose 2.5% to $658 million at year end. The Tier 1 leverage ratio was 10.53% at December 31, 2023, and the Bank had no non-performing assets at that time.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.8%
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earnings
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Truxton Corporation Announces Increased Quarterly Cash Dividend, Special Cash Dividend, and $5 Million Repurchase Authorization
Rhea-AI Summary
Truxton Corporation (TRUX) has announced a 13% increase in its quarterly cash dividend to $0.43 per common share, along with a special cash dividend of $1.00 per common share. The Board of Directors has also authorized a stock repurchase program of up to $5 million of its common shares, indicating a strong commitment to returning value to shareholders.
Rhea-AI Impact
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End-of-Day
0.8%
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Truxton Trust Names Beverly Conley as SVP, Client Experience & Investment Operations Manager
Rhea-AI Summary
Truxton (Ticker: TRXT) promotes Beverly Conley to Client Experience & Investment Operations Manager, enhancing client experience and investment management operations. Conley's leadership expected to benefit clients and team greatly.
Rhea-AI Impact
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-2.58%
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Truxton Corporation Reports Third Quarter 2023 Results
Rhea-AI Summary
Truxton Corporation announces Q3 2023 operating results with net income of $4.6 million and diluted earnings per share of $1.57.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.82%
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earnings
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Truxton Corporation Announces Quarterly Cash Dividend
Rhea-AI Summary
Truxton Corporation approves quarterly cash dividend of $0.38 per common share
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.82%
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dividends
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Truxton Corporation Announces Quarterly Cash Dividend
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.33%
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dividends
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Truxton Corp

OTC:TRUX

TRUX Rankings

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TRUX Stock Data

183.42M
0.42%
Commercial Banking
Finance and Insurance
Link
US
Nashville