Welcome to our dedicated page for Truxton news (Ticker: TRUX), a resource for investors and traders seeking the latest updates and insights on Truxton stock.
Truxton Corporation (TRUX) is a financial holding company and the parent of Truxton Trust Company, which provides wealth, banking, and family office services for wealthy individuals, their families, and their business interests. News about Truxton often highlights its focus on high-net-worth clients, complex financial needs, and its origins in Nashville, Tennessee, where Truxton was founded in 2004.
Investors and observers following TRUX news will see regular updates on Truxton Corporation’s quarterly financial results, including information on loans, deposits, non-interest income from wealth management services, capital advisory fees, and key performance ratios. Releases also cover dividend declarations on Truxton’s common stock, special cash dividends, and actions such as share repurchases and debt repayment.
Company news frequently features developments in Truxton Wealth and Truxton Banking, including the hiring and promotion of experienced professionals in wealth advisory, tax strategy, commercial banking, and compliance. These announcements describe Truxton’s emphasis on client-focused service, relationship management, and its guiding principle of doing the right thing for wealthy families and their businesses.
Truxton Capital Advisors also appears in the news for its role as financial advisor to family-owned and founder-led businesses in strategic transactions. These stories provide insight into Truxton’s advisory capabilities in areas such as healthcare services and behavioral health, and its work on capital solutions that support growth and expansion. For a fuller picture of TRUX, readers can review this news feed to understand how Truxton communicates its financial performance, client focus, and organizational developments over time.
Truxton (TRUX) has announced key promotions within its Wealth Management division. Buck Patton has been elevated to Senior Vice President, Wealth Advisor, following his significant contributions since joining in 2018. As a CFP® and CPWA® holder, Patton has demonstrated expertise in serving individual clients, families, non-profits, and partnerships.
Brandt Warner, who joined in 2024, has been promoted to Vice President, Wealth Advisor. Warner, a licensed attorney and CFP® professional, has been recognized for his strategic thinking and technical expertise in serving high-net-worth families.
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.