Trinity Bank Reports 1st Quarter Earnings up 7.8%

Rhea-AI Summary

Trinity Bank (TYBT) reported strong Q1 2025 results with net income of $2.2 million, up 7.8% from Q1 2024. Earnings per diluted share reached $1.94, compared to $1.80 in the same period last year. Key financial metrics include:

- Net interest income increased 17.6% to $4.8 million - Total deposits grew 1.7% to $444 million - Total assets rose 2.7% to $503.4 million - Shareholders' equity improved 12.8% to $60.8 million

The bank announced its 27th consecutive semiannual dividend increase to $0.95 per share, an 8% increase from the previous year. Management highlighted economic concerns around tariff wars and the Russia-Ukraine conflict while maintaining focus on asset quality and conservative underwriting. Recent additions of a new Chief Lending Officer and Chief Operating Officer are already showing positive impacts.

Positive

• Net income increased 7.8% year-over-year to $2.2 million
• Net interest income grew 17.6% to $4.8 million
• 27th consecutive semiannual dividend increase, up 8% to $0.95 per share
• Shareholders' equity improved 12.8% to $60.8 million
• Total deposits increased 1.7% to $444 million

Negative

• Loan growth remained flat at $302.4 million
• Investment securities decreased 4.7% to $136.3 million
• Non-performing assets increased to $949,000 from $0 in Q1 2024

FORT WORTH, TX / ACCESS Newswire / May 5, 2025 / Trinity Bank N.A. (OTC PINK:TYBT) today announced operating results for the three months ending March 31, 2025.

Results of Operations

Trinity Bank, N.A. reported Net Income after Taxes of $2,209,000 or $1.94 per diluted common share for the first quarter of 2025, compared to $2,028,000 or $1.80 per diluted common share for the first quarter of 2024, an increase of 7.8%.

CEO Matt R. Opitz remarked, "We are pleased with the results of the 1 ^st Quarter. While loans remained flat, we have experienced an increase in requests for new loans as well as return on assets. This has been a mix of activity from existing customers as well as new customers to the bank. We have also experienced an increase in deposits which has continued into the 2 ^nd quarter.

Although these results mark our single best quarter since inception, we are aware of and focused on the economic volatility which is being driven primarily by the current tariff war and continued unrest stemming from the Russia and Ukraine war. As always, we remain focused on asset quality, liquidity, and conservative underwriting practices."

"With the additions of Chief Lending Officer, Steve Lombardi and Chief Operating Officer, Todd Crookshank, we are already experiencing the sizable benefits of their contributions. We are excited about the roles they will play in Trinity Bank moving forward."

Trinity announced its 27 ^th consecutive increase in its semiannual dividend. The dividend was paid this last week to shareholders. The April 2025 dividend of $0.95 per share represents an increase of 8% over the April 2024 dividend of $0.88 per share."

Trinity Bank, N.A. is a commercial bank that began operations May 28, 2003. For a full financial statement or for monthly updates on deposit rates and liquidity position visit Trinity Bank's website: www.trinitybk.com. Regulatory reporting format is also available at www.fdic.gov.

###

For information contact:

Richard Burt
Executive Vice President
Trinity Bank
817-763-9966

This Press Release may contain certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 regarding future financial conditions, results of operations and the Bank's business operations. Such forward-looking statements involve risks, uncertainties and assumptions, including, but not limited to, monetary policy and general economic conditions in Texas and the greater Dallas-Fort Worth metropolitan area, the risks of changes in interest rates on the level and composition of deposits, loan demand and the values of loan collateral, securities and interest rate protection agreements, the actions of competitors and customers, the success of the Bank in implementing its strategic plan, the failure of the assumptions underlying the reserves for loan losses and the estimations of values of collateral and various financial assets and liabilities, that the costs of technological changes are more difficult or expensive than anticipated, the effects of regulatory restrictions imposed on banks generally, any changes in fiscal, monetary or regulatory policies and other uncertainties as discussed in the Bank's Registration Statement on Form SB‑1 filed with the Office of the Comptroller of the Currency. Should one or more of these risks or uncertainties materialize, or should these underlying assumptions prove incorrect, actual outcomes may vary materially from outcomes expected or anticipated by the Bank. A forward-looking statement may include a statement of the assumptions or bases underlying the forward‑looking statement. The Bank believes it has chosen these assumptions or bases in good faith and that they are reasonable. However, the Bank cautions you that assumptions or bases almost always vary from actual results, and the differences between assumptions or bases and actual results can be material. The Bank undertakes no obligation to publicly update or otherwise revise any forward‑looking statements, whether as a result of new information, future events or otherwise, unless the securities laws require the Bank to do so.

TRINITY BANK N.A.
(Unaudited)
(Dollars in thousands, except per share data)

		Quarter Ended
		March 31								%
EARNINGS SUMMARY		2025				2024				Change
Interest income		$	6,975			$	6,934				0.6	%
Interest expense			2,149				2,832				-24.1	%
Net Interest Income			4,826				4,102				17.6	%
Service charges on deposits			71				53				34.0	%
Other income			106				121				-12.4	%
Total Non Interest Income			177				174				1.7	%
Salaries and benefits expense			1,508				1,223				23.3	%
Occupancy and equipment expense			123				122				0.8	%
Other expense			814				620				31.3	%
Total Non Interest Expense			2,445				1,965				24.4	%
Pretax pre-provision income			2,558				2,311				10.7	%
Gain on sale of Securities			6				0				N/M
Gain on sale of Assets			0				17				N/M
Provision for Loan Losses			0				0				N/M
Earnings before income taxes			2,564				2,328				10.1	%
Provision for income taxes			355				300				18.3	%
Net Earnings		$	2,209			$	2,028				8.9	%
Basic earnings per share			2.03				1.88				2.5	%
Basic weighted average shares			1087				1,079
outstanding
Diluted earnings per share - estimate			1.94				1.80				7.8	%
Diluted weighted average shares outstanding			1,137				1,129
		Average for Quarter
		March 31								%
BALANCE SHEET SUMMARY			2025				2024			Change
Total loans		$	302,369			$	302,296				0.0	%
Total short term investments			53,950				37,648				43.3	%
FRB Stock			449				433				3.7	%
Total investment securities			136,314				143,056				-4.7	%
Earning assets			493,082				483,001				2.1	%
Total assets			503,366				490,262				2.7	%
Noninterest bearing deposits			133,982				127,766				4.9	%
Interest bearing deposits			310,105				309,030				0.3	%
Total deposits			444,087				436,796				1.7	%
Fed Funds Purchased and Repurchase Agreements			0				0				N/M
Shareholders' equity		$	60,843			$	53,923				12.8	%

TRINITY BANK N.A.
(Unaudited)
(Dollars in thousands, except per share data)

						Average for Quarter Ending
		March 31,				Dec 31,				Sep 30,				June 30,				March 31,
BALANCE SHEET SUMMARY		2025				2024				2024				2024				2024
Total loans		$	302,369			$	297,595			$	300,487			$	306,551			$	302,296
Total short term investments			53,950				84,667				38,112				25,626				37,649
FRB Stock			449				438				437				435				433
Total investment securities			136,314				139,200				137,751				137,088				142,623
Earning assets			493,082				521,900				476,787				469,700				483,001
Total assets			503,366				529,766				485,034				477,700				490,262
Noninterest bearing deposits			133,982				140,237				131,659				131,609				127,766
Interest bearing deposits			310,105				331,293				297,480				293,548				309,030
Total deposits			444,087				471,529				429,139				425,157				436,796
Fed Funds Purchased and Repurchase Agreements			0				0				0				0				0
Shareholders' equity		$	60,843			$	58,388			$	56,857			$	54,951			$	53,923
		Quarter Ended
		March 31,				Dec 31,				Sep 30,				June 30,				March 31,
HISTORICAL EARNINGS SUMMARY		2025				2024				2024				2024				2024
Interest income		$	6,975			$	7,426			$	7,112			$	7,107			$	6,934
Interest expense			2,149				2,681				2,749				2,713				2,832
Net Interest Income			4,826				4,745				4,363				4,394				4,102
Service charges on deposits			71				70				65				64				53
Other income			106				112				109				121				121
Total Non Interest Income			177				182				174				185				174
Salaries and benefits expense			1,508				1,343				1,368				1,319				1,223
Occupancy and equipment expense			123				117				133				122				122
Other expense			814				575				601				657				620
Total Non Interest Expense			2,445				2,035				2,102				2,098				1,965
Pretax pre-provision income			2,558				2,892				2,435				2,481				2,311
Gain on sale of securities			6				1				4				(4	)			0
Gain on sale of Other Assets			0				0				0				36				17
Provision for Loan Losses			0				350				0				0				0
Earnings before income taxes			2,564				2,543				2,439				2,514				2,328
Provision for income taxes			355				365				340				360				300
Net Earnings		$	2,209			$	2,178			$	2,099			$	2,154			$	2,028
Diluted earnings per share		$	1.94			$	1.92			$	1.86			$	1.91			$	1.80

TRINITY BANK N.A.
(Unaudited)
(Dollars in thousands, except per share data)

		Ending Balance
		March 31,				Dec. 31,				Sept. 30,				June 30,				March 31,
HISTORICAL BALANCE SHEET		2025				2024				2024				2024				2024
Total loans		$	304,944			$	305,864			$	296,906			$	304,810			$	312,372
FRB Stock			456				439				438				435				435
Total short term investments			90,040				69,746				59,576				10,003				38,009
Total investment securities			124,619				138,306				137,510				136,331				139,598
Total earning assets			520,059				514,355				494,430				451,579				490,414
Allowance for loan losses			(5,586	)			(5,583	)			(5,230	)			(5,227	)			(5,225	)
Premises and equipment			4,044				4,123				2,393				2,397				2,375
Other Assets			10,297				9,339				9,739				14,276				7,714
Total assets			528,814				522,234				501,332				463,025				495,278
Noninterest bearing deposits			140,500				146,834				137,594				128,318				130,876
Interest bearing deposits			329,329				318,206				305,010				280,945				310,889
Total deposits			469,829				465,040				442,604				409,263				441,765
Fed Funds Purchased and Repurchase Agreements			0				0				0				0				0
Other Liabilities			2,661				2,711				2,901				2,804				2,618
Total liabilities			472,490				467,751				445,505				412,067				444,383
Shareholders' Equity Actual			62,276				59,758				57,976				55,915				54,777
Unrealized Gain/Loss - AFS			(5,952	)			(5,275	)			(2,149	)			(4,957	)			(3,883	)
Total Equity		$	56,324			$	54,483			$	55,827			$	50,958			$	50,894
		Quarter Ending
		March 31,				Dec. 31,				Sept. 30,				June 30,				March 31,
NONPERFORMING ASSETS		2025				2024				2024				2024				2024
Nonaccrual loans		$	949			$	1,047			$	0			$	0			$	0
Restructured loans			0				0				505				552				598
Other real estate & foreclosed assets			0				0				0				0				0
Accruing loans past due 90 days or more			0				0				0				0				0
Total nonperforming assets		$	949			$	1,047			$	505			$	552			$	598
Accruing loans past due 30-89 days		$	1,000			$	0			$	39			$	1,274			$	0
Total nonperforming assets as a percentage
of loans and foreclosed assets			0.31	%			0.34	%			0.17	%			0.18	%			0.19	%

TRINITY BANK N.A.
(Unaudited)
(Dollars in thousands, except per share data)

		Quarter Ending
ALLOWANCE FOR		March 31,				Dec. 31,				Sept. 30,				June 30,				March 31,
LOAN LOSSES		2025				2024				2024				2024				2024
Balance at beginning of period		$	5,583			$	5,230			$	5,227			$	5,224			$	5,224
Loans charged off			0				0				0				0				0
Loan recoveries			3				3				3				3				0
Net (charge-offs) recoveries			3				3				3				3				0
Provision for loan losses			0				350				0				0				0
Balance at end of period		$	5,586			$	5,583			$	5,230			$	5,227			$	5,224
Allowance for loan losses
as a percentage of total loans			1.83	%			1.83	%			1.76	%			1.71	%			1.67	%
Allowance for loan losses
as a percentage of nonperforming assets			589	%			533	%			1036	%			947	%			874	%
Net charge-offs (recoveries) as a
percentage of average loans			0.00	%			0.00	%			0.00	%			0.00	%			0.00	%
Provision for loan losses
as a percentage of average loans			0.00	%			0.11	%			0.00	%			0.00	%			0.00	%
	Quarter Ending
	March 31,								Dec. 31,				Sept. 30,				June 30,
SELECTED RATIOS			2025				2024				2024				2024				2024
Return on average assets (annualized)			1.76	%			1.64	%			1.73	%			1.80	%			1.65	%
Return on average equity (annualized)			15.67	%			15.85	%			15.91	%			17.42	%			16.03	%
Return on average equity (excluding unrealized gain on investments)			14.52	%			14.92	%			14.77	%			15.68	%			15.04	%
Average shareholders' equity to average assets			12.09	%			11.02	%			11.72	%			11.50	%			11.00	%
Yield on earning assets (tax equivalent)			5.72	%			5.92	%			6.20	%			6.28	%			5.97	%
Effective Cost of Funds			1.75	%			2.06	%			2.31	%			2.31	%			2.34	%
Net interest margin (tax equivalent)			3.97	%			3.86	%			3.89	%			3.97	%			3.63	%
Efficiency ratio (tax equivalent)			46.2	%			39.0	%			43.7	%			43.2	%			43.1	%
End of period book value per common share		$	51.82			$	50.21			$	51.79			$	47.23			$	47.17
End of period book value (excluding unrealized gain/loss on investments)		$	57.29			$	55.08			$	53.78			$	51.82			$	50.77
End of period common shares outstanding (in 000's)			1,087				1,085				1,078				1,079				1,079

TRINITY BANK N.A.
(Unaudited)
(Dollars in thousands, except per share data)

		Three Months Ending
		March 31, 2025																March 31, 2024
														Tax																Tax
		Average												Equivalent				Average												Equivalent
YIELD ANALYSIS		Balance				Interest				Yield				Yield				Balance				Interest				Yield				Yield
Interest Earning Assets:
Short term investment		$	53,950			$	606				4.49	%			4.49	%		$	37,649			$	517				5.49	%			5.49	%
FRB Stock			449				7				6.00	%			6.00	%			433				6				6.00	%			6.00	%
Taxable securities			1,755				21				4.79	%			4.79	%			2,472				32				5.18	%			5.18	%
Tax Free securities			134,560				1,107				3.29	%			3.51	%			140,151				1,047				2.99	%			3.78	%
Loans			302,369				5,234				6.92	%			6.92	%			302,296				5,331				7.05	%			7.05	%
Total Interest Earning Assets			493,083				6,975				5.66	%			5.72	%			483,001				6,933				5.74	%			5.97	%
Noninterest Earning Assets:
Cash and due from banks			6,614																5,427
Other assets			9,254																7,059
Allowance for loan losses			(5,585	)															(5,225	)
Total Noninterest Earning Assets			10,283																7,261
Total Assets		$	503,366															$	490,262
Interest Bearing Liabilities:
Transaction and Money Market accounts		$	198,760			$	1,055				2.12	%			2.12	%			204,700			$	1,141				2.23	%			2.23	%
Certificates and other time deposits			111,345				1,094				3.93	%			3.93	%			95,663				1,678				7.02	%			7.02	%
Other borrowings			0				0				0.00	%			0.00	%			8,667				13				0.60	%			0.60	%
Total Interest Bearing Liabilities			310,105				2,149				2.77	%			2.87	%			309,030				2,832				3.67	%			3.67	%
Noninterest Bearing Liabilities:
Demand deposits			133,982																127,766
Other liabilities			2,887																2,856
Shareholders' Equity			56,392																50,610
Total Liabilities and Shareholders Equity		$	503,366															$	490,262
Net Interest Income and Spread		$	182,978			$	4,826				2.89	%			2.85	%			173,971			$	4,101				2.08	%			2.31	%
Net Interest Margin											3.91	%			3.97	%											3.40	%			3.63	%

TRINITY BANK N.A.
(Unaudited)
(Dollars in thousands, except per share data)

		March 31								March 31
		2025				%				2024				%
LOAN PORTFOLIO
Commercial and industrial		$	164,244				53.86	%		$	171,356				54.86	%
Real estate:
Commercial			97,115				31.85	%			95,893				30.70	%
Residential			9,859				3.23	%			15,877				5.08	%
Construction and development			33,414				10.96	%			28,974				9.28	%
Consumer			312				0.10	%			272				0.09	%
Total loans		$	304,944				100.00	%			312,372				100.00	%
		March 31								March 31
		2025								2024
REGULATORY CAPITAL DATA
Tier 1 Capital		$	62,276							$	54,777
Total Capital (Tier 1 + Tier 2)		$	66,622							$	59,197
Total Risk-Adjusted Assets		$	346,179							$	352,550
Tier 1 Risk-Based Capital Ratio			17.99	%							15.54	%
Total Risk-Based Capital Ratio			19.25	%							16.79	%
Tier 1 Leverage Ratio			12.37	%							11.17	%
OTHER DATA
Full Time Equivalent
Employees (FTE's)			31								28
Stock Price Range
(For the Three Months Ended):
High		$	91.00							$	95.00
Low		$	84.00							$	89.00
Close		$	85.00							$	94.00

SOURCE: Trinity Bank, NA (Fort Worth, Texas)

View the original press release on ACCESS Newswire

FAQ

What were Trinity Bank's (TYBT) Q1 2025 earnings per share?

Trinity Bank reported diluted earnings of $1.94 per share in Q1 2025, up 7.8% from $1.80 in Q1 2024.

How much did Trinity Bank (TYBT) increase its dividend in 2025?

Trinity Bank increased its semiannual dividend by 8% to $0.95 per share, compared to $0.88 in April 2024.

What was Trinity Bank's (TYBT) net income for Q1 2025?

Trinity Bank reported net income of $2,209,000 for Q1 2025, a 7.8% increase from $2,028,000 in Q1 2024.

How much did Trinity Bank's (TYBT) deposits grow in Q1 2025?

Trinity Bank's total deposits grew 1.7% to $444.1 million in Q1 2025, compared to $436.8 million in Q1 2024.

What was Trinity Bank's (TYBT) loan performance in Q1 2025?

Trinity Bank's total loans remained flat at $302.4 million in Q1 2025, with management reporting increased loan requests from both existing and new customers.