Truxton Corporation's first quarter 2025 results show financial growth and strong capital position

From GlobeNewswire: 2025-04-24 09:00:00

Truxton Corporation reported first quarter net income of $5.1 million, up 17% from the previous year. Non-interest income rose to $6.4 million, with wealth revenue at $5.3 million. Loans increased by 5%, totaling $702 million, while deposits grew by 19% to $1.03 billion. The bank’s net interest margin for the quarter was 2.90%.

The company’s Tier 1 leverage ratio was 10.46% at the end of the quarter. Book value per common share was $34.46, an increase from the previous year. Truxton paid dividends of $1.50 per common share and repurchased 5,000 shares of its common stock. The Bank continues to show strong capital position and growth in key financial metrics.

Truxton Corporation, a provider of wealth and banking services, saw a strong start to 2025 with financial growth across its core businesses. The company’s commitment to technology and human capital investment has led to increased net interest income and non-interest income. Truxton continues to focus on providing superior service to its clients worldwide.



Read more at GlobeNewswire:: Truxton Corporation Reports First Quarter 2025 Results