Trinity Bank N.A Stock Price, News & Analysis

Trinity Bank N.A. (OTCIQ PINK:TYBT) reported a net income of $1,866,000 for Q3 2022, up 26.4% from $1,476,000 in Q3 2021. Earnings per diluted share reached $1.64, reflecting a 26.2% increase. For the nine months ending September 30, 2022, net income was $5,156,000, a 21.9% rise from the previous year. The bank experienced significant growth in interest income by 24.3% for Q3, while non-interest expenses increased by 16.1%. Despite economic uncertainties, Trinity Bank noted strong loan demand and solid asset growth, strategically positioning itself with a strong capital base.

Trinity Bank, N.A. (OTC PINK:TYBT) has appointed Greg Fricks to its Board of Directors. A Fort Worth native and CEO of The Fricks Company, Greg brings over 30 years of experience in the concrete floor industry, renowned for Single-Source Design/Build Industrial Concrete Floor construction. His expertise includes working with major brands in food distribution and material storage. Bank President Barney C. Wiley expressed enthusiasm for Greg's addition, highlighting his successful track record and contributions towards expanding the bank's customer base in North Texas.

Trinity Bank, N.A. (OTC PINK:TYBT) has declared a cash dividend of $0.78 per share, marking a 4.0% increase from the previous $0.75 dividend. This is the 22nd semiannual cash dividend since 2012, with the payment set for October 31, 2022, to shareholders on record by October 14, 2022. CEO Matt R. Opitz highlighted the bank's strong financial performance despite challenges like increased interest rates and inflation. The board will review the dividend policy again in Spring 2023 based on the second half of 2022's operating results.

Trinity Bank N.A. (OTC PINK:TYBT) reported strong financial results for Q2 2022, achieving a net income of $1.68 million, or $1.47 per diluted share, marking a 16.7% increase from the previous year. Year-to-date net income reached $3.29 million, up 19.5% from 2021, with earnings per diluted share at $2.90. The bank's loan and deposit growth remains robust, with returns on assets and equity exceeding peer averages. Chairman Jeffrey M. Harp noted the influence of rising interest rates on income and their commitment to providing competitive rates for deposits.

Trinity Bank N.A. (OTC PINK:TYBT) announced impressive first-quarter results for 2022, achieving a net income of $1,610,000, or $1.42 per diluted share, marking a 19.2% increase compared to $1,328,000, or $1.18 per diluted share in Q1 2021. This quarter is noted as the bank's most profitable since inception, accompanied by successful forgiveness of all PPP loans. Additionally, the bank will pay its 20th consecutive dividend increase of $0.75 per share on April 29, 2022, up 8.7% from the previous year.

Trinity Bank, N.A. (OTC PINK:TYBT) declared a cash dividend of $.75 per share on March 22, 2022, marking a 2.7% increase from the previous dividend of $.73. Shareholders on record as of April 15, 2022, will receive this dividend on April 29, 2022. This marks the bank's 21st semiannual dividend, with a consistent dividend increase since its initiation in 2012. President Barney Wiley expressed confidence in the bank's earnings, loan quality, and deposit base amid economic uncertainties and anticipated Federal Reserve rate increases.

Trinity Bank N.A. (OTC PINK:TYBT) reported strong financial results for Q4 and the full year 2021. Net income for Q4 was $1,592,000, up 27.8% year-over-year, with earnings per diluted share increasing by 28.2% to $1.41. Full-year net income reached $5,822,000, a 23.5% increase over 2020, with EPS at $5.15. The bank increased its loan loss reserve by 22.6% to 1.79% to safeguard against potential risks. CEO Matt R. Opitz noted challenges in low rates and inflation but expressed optimism for continued growth in 2022.

Trinity Bank N.A. (OTC PINK:TYBT) reported strong operating results for Q3 2021, with net income after taxes rising 21.4% to $1,476,000, up from $1,216,000 in Q3 2020. Earnings per diluted share reached $1.30, a 20.4% increase from $1.08 in the same quarter last year. For the first nine months, net income increased by 21.9% to $4,230,000. The bank also announced an 8.4% increase in dividends for 2021, totaling $1.42 per share, marking its 20th consecutive semiannual dividend hike.

Trinity Bank, N.A. (OTC PINK:TYBT) announced a cash dividend of $.73 per share, marking a 5.8% increase from the previous $.69 dividend. Payable on October 29, 2021, to shareholders of record as of October 15, 2021, this is the bank's 20th semiannual dividend, reflecting strong capital and liquidity despite current economic challenges. Since initiating dividends in 2012, Trinity Bank has consistently increased them every six months. Original shareholders will have received their full $10.00 investment back through dividends.