Trinity Bank, N.A. reports commercial-bank operating results, cash dividends, governance updates, and management changes under the TYBT symbol. The bank began operations in 2003 and serves the North Texas business community with a local community-bank model.
Recurring company updates focus on net income, diluted earnings per share, return on assets, loan activity, deposit trends, liquidity, capital strength, asset quality, and conservative underwriting. Dividend announcements also track the bank's semiannual cash dividend policy, while governance releases cover board composition and executive operating roles.
Trinity Bank (OTC Bulletin Board: TYBT) has declared a cash dividend of $.69 per share, marking a 3.0% increase from the previous $.67 dividend. This 19th semiannual dividend will be payable on April 30, 2021, to shareholders of record by April 15, 2021. Despite economic challenges, Trinity Bank maintains a sustainable payout ratio of approximately 30% of net income, backed by a strong capital ratio exceeding 10%. The Board will review dividend policy again in fall 2021.
Trinity Bank N.A. (TYBT) reported its third quarter 2020 results with a net income after taxes of $1,216,000, a 2.4% decrease from $1,246,000 in Q3 2019. Earnings per diluted share fell by 3.6% to $1.08. However, for the first nine months of 2020, net income increased by 22.9% to $3,470,000, with earnings per share up 21.3% at $3.07. The bank achieved a return on assets of 1.42% and return on equity of 12.94%. Chairman Jeff Harp announced a dividend of $1.31 for 2020, a 7.4% increase over 2019.
Trinity Bank, N.A. (OTC PINK:TYBT) declared a cash dividend of $0.67 per share on September 22, 2020, payable on October 31, 2020, to shareholders on record as of October 15, 2020. This dividend marks a 4.7% increase from the $0.64 per share dividend paid in April 2020, and is the 18th semiannual dividend since dividends were initiated in 2012. Despite challenges from the COVID-19 pandemic and economic fluctuations, Trinity Bank remains well-capitalized with a capital ratio over 11%.