Truxton Corp Stock Price, News & Analysis

Truxton Corporation reported strong Q4 2021 results with a net income of $4.0 million, up 14% from Q4 2020, and earnings per diluted share of $1.39, a 13% increase. For the full year, net income rose 30% to $14.5 million, and earnings per share grew by 29% to $5.02. Wealth management revenue surged 31% year-over-year. Total deposits increased by 10% from Q3 2021, reaching $807 million. However, the net interest margin decreased to 2.48%, down 21 basis points from the previous quarter. The bank maintains a strong capital position with no non-performing assets.

Truxton Trust Company has welcomed Samuel F. Carden, CFA, as an Associate Portfolio Manager in Wealth Management Services. Carden has a strong background in equity research, corporate banking, and counterparty risk, having worked with notable firms such as Jefferies, Regions Bank, and UBS. He holds a Bachelor of Science in Finance and is a member of the CFA Society of Nashville. His expertise is expected to benefit Truxton's commitment to delivering tailored financial solutions to clients. Truxton Trust, founded in 2004, specializes in private banking and wealth management services.

Truxton Corporation (OTCPK: TRUX) announced a quarterly cash dividend of $0.30 per common share, payable on December 28, 2021. Shareholders of record as of December 7, 2021 will receive this dividend. The company, parent to Truxton Trust Company, provides private banking, wealth management, trust, and family office services to high-net-worth individuals and their families.

Truxton Corporation (OTCPK: TRUX) reported strong third quarter results for 2021, with net income of $3.9 million, a 53% increase compared to the same period in 2020. Earnings per share rose by 52% to $1.34. Wealth management revenue surged 37%, and total deposits increased by 4% from the prior quarter, reaching $733 million. Although net interest margin slightly declined to 2.69%, asset quality remained stable with no non-performing assets. The company's effective tax rate is approximately 19%, supported by various tax-advantaged income sources.

Truxton Corporation (OTCPK: TRUX) has declared a quarterly cash dividend of $0.30 per common share, set to be payable on September 28, 2021. Shareholders of record are identified as those holding shares by September 7, 2021. The announcement highlights the company's continued commitment to rewarding its investors. Truxton Trust Company, a subsidiary of Truxton Corporation, specializes in private banking, wealth management, trusts, and family office services.

Truxton Corporation (OTCPK: TRUX) reported a strong second quarter for 2021, with net income rising 36% to $3.6 million, or $1.22 per diluted share, compared to the same quarter in 2020. Wealth management revenue grew 33% year-over-year. Loans, excluding Paycheck Protection Program loans, increased 18% from June 2020. Total deposits also rose by 38% from the previous year, reaching $707.4 million. The net interest margin improved to 2.71%. Asset quality remained sound with low non-performing assets, and the company maintained a strong capital position with a Tier 1 leverage ratio of 9.47%.

Truxton Corporation (OTCPK: TRUX) has been recognized by American Banker as one of the top 200 best performing banks in the U.S., marking its ninth consecutive year on the list. The bank, the only Nashville-based institution to achieve this recognition in 2021, ranked 19 out of 511 qualifying banks based on a 3-year return on average equity of 15.79%. In 2020, Truxton reported a 16.1% return on average equity and a 1.74% return on average assets, showcasing resilience amid pandemic challenges.

Truxton Trust Company has announced its role as the lead lender and senior debt placement agent for Sabino Recovery, a Tucson-based provider of trauma and addiction treatment programs. This financing comprises a senior secured loan facility, allowing Sabino to buy out its previous majority ownership group and support its rapid growth. Sabino CEO Thomas Isbell expressed enthusiasm for Truxton's support in enhancing treatment for residents. Truxton Trust specializes in capital solutions for high-growth companies.

Truxton Corporation (OTCPK: TRUX) has announced a quarterly cash dividend of $0.30 per common share, payable on June 25, 2021, to shareholders recorded as of June 9, 2021. This decision reflects the company's ongoing commitment to shareholder value. Truxton Trust Company, a subsidiary of Truxton Corporation, offers private banking, wealth management, and trust services since its inception in 2004. The company aims to provide tailored financial solutions to wealthy individuals and their families.