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Truxton Corporation (TRUX) is a financial holding company that operates Truxton Trust Company, offering private banking, wealth management, trust, capital markets, and family office services to affluent individuals and businesses. The company reported second-quarter net income growth of 8%, driven by non-interest income and market strength in Nashville. Founded in 2004, Truxton Trust is committed to providing tailored financial solutions and upholds the principle of integrity.
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Truxton declares a quarterly cash dividend of $0.43 per common share, payable on June 25, 2024, to shareholders of record as of June 11, 2024.
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Truxton Trust Company welcomes Charles G. Mueller to its Board of Directors, bringing extensive experience from Northern Trust Mr. Mueller's wealth management expertise adds value to the team, enhancing the company's growth prospects.
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Truxton, a wealth and banking services provider, is relocating its headquarters to Burton Hills in Nashville for client and employee convenience and safety. The move to 20 Burton Hills Blvd, Suite 200, signifies a strategic shift for the company.
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Truxton Corporation, the parent company of Truxton Trust Company, reported an increase in net income by 4% to $17.5 million for the year ended December 31, 2023. Earnings per diluted share rose to $6.02 from $5.75, an increase of 5% from 2022. The company partially restructured its fixed income investment portfolio in December, realizing $445 thousand in losses. Excluding these losses, earnings per diluted share for the quarter would have been approximately $1.58. Non-interest income, excluding the restructuring losses, was $4.7 million in the fourth quarter of 2023, a decline of 4% from the third quarter of 2023 and up 8% from the fourth quarter of 2022. Loans rose 2.5% to $658 million at year end. The Tier 1 leverage ratio was 10.53% at December 31, 2023, and the Bank had no non-performing assets at that time.
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Truxton Corporation (TRUX) has announced a 13% increase in its quarterly cash dividend to $0.43 per common share, along with a special cash dividend of $1.00 per common share. The Board of Directors has also authorized a stock repurchase program of up to $5 million of its common shares, indicating a strong commitment to returning value to shareholders.
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Truxton (Ticker: TRXT) promotes Beverly Conley to Client Experience & Investment Operations Manager, enhancing client experience and investment management operations. Conley's leadership expected to benefit clients and team greatly.
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Truxton Corporation announces Q3 2023 operating results with net income of $4.6 million and diluted earnings per share of $1.57.
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Truxton Corporation approves quarterly cash dividend of $0.38 per common share
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FAQ
What is the current stock price of TRUXTON (TRUX)?
The current stock price of TRUXTON (TRUX) is $74 as of November 22, 2024.
What is the market cap of TRUXTON (TRUX)?
The market cap of TRUXTON (TRUX) is approximately 214.1M.
What services does Truxton Corporation provide?
Truxton Corporation offers private banking, wealth management, trust, capital markets, and family office services to wealthy individuals and businesses.
When was Truxton Trust Company founded?
Truxton Trust Company was founded in 2004 in Nashville, Tennessee.
What is the guiding principle of Truxton Trust?
Truxton Trust upholds the principle of integrity and doing the right thing in all its financial services.
How did Truxton Corporation perform in the second quarter of 2023?
Truxton Corporation reported second-quarter net income growth of 8% compared to the same quarter in 2022, driven by non-interest income and the strong market in Nashville.
What is the stock symbol for Truxton Corporation?
The stock symbol for Truxton Corporation is TRUX.
Where is the new headquarters of Truxton Corporation located?
The new headquarters of Truxton Corporation is located at 20 Burton Hills Blvd, Suite 200, in the Green Hills area of Nashville.
What sets Truxton Trust apart in the financial industry?
Truxton Trust stands out in the financial industry by providing customized financial solutions, experienced professionals, and upholding integrity in all its services.
What financial results were announced by Truxton Corporation for the third quarter of 2023?
Truxton Corporation reported third-quarter net income growth of 5% compared to the same quarter in 2022, reaching a new quarterly high despite challenges in the financial environment.
How does Truxton Corporation support its clients' financial needs?
Truxton Corporation supports its clients' complex financial needs by offering tailored solutions in private banking, wealth management, trust, capital markets, and family office services.
What is the mission of Truxton Trust Company?
Truxton Trust Company's mission is to provide comprehensive financial solutions to affluent individuals, families, and businesses worldwide.
TRUXTON CORP