Trinity Bank N.A Stock Price, News & Analysis

Trinity Bank, N.A. (OTC PINK:TYBT) declared a cash dividend of $0.81 per share on March 28, 2023, reflecting a 3.8% increase from the previous $0.78 dividend in October 2022. The dividend will be payable on April 28, 2023, to shareholders of record by April 14, 2023. This marks the bank's 23rd consecutive semiannual dividend increase, emphasizing the bank's commitment to shareholder returns amidst challenging economic conditions. CEO Matt R. Opitz highlighted the bank's conservative management practices as key to sustaining dividends and positioning for future growth.

Trinity Bank N.A. (OTC PINK:TYBT) reported strong operating results for Q4 and the full year 2022. For Q4, net income rose to $2.113 million, a 32.7% increase from $1.592 million in Q4 2021. Earnings per diluted share were $1.86, up 31.7% from the previous year. For the full year 2022, net income was $7.269 million, marking a 24.9% increase over 2021's $5.822 million. EPS for 2022 reached $6.39, up 24% from $5.15. CEO Barney Wiley acknowledged the challenges posed by rising interest rates but highlighted the bank's flexibility and strong asset mix as key strengths, deeming 2022 a record year.

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.