Welcome to our dedicated page for TRUXTON news (Ticker: TRUX), a resource for investors and traders seeking the latest updates and insights on TRUXTON stock.
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.
Truxton Corporation (OTCPK: TRUX) announced a quarterly cash dividend of $0.38 per share, marking a 12% increase over the previous year. This dividend is part of the company's eleventh consecutive year of increases. A special cash dividend of $1.00 per share will also be issued on March 24, 2023. Furthermore, the Board authorized a stock repurchase program allowing the acquisition of up to $5 million of common shares over the next year. The buyback's timing and quantity will depend on various market and performance factors.
Truxton Trust Company has announced the promotion of Daniel Bellet, CFP®, CPFA®, to Vice President and Wealth Advisor. Bellet's dedication to client success and prior experience as an associate wealth advisor since joining in 2022 were highlighted by Managing Director Drew Mallory. This promotion underscores Truxton's commitment to providing high-quality financial advice and fostering strong client relationships. Founded in 2004, Truxton Trust offers tailored financial solutions to wealthy individuals and families globally, while upholding its guiding principle of integrity.
Truxton Trust Company has announced the appointment of Peter E. Deming, CPA, as Senior Vice President and Senior Wealth and Tax Strategist, effective November 1, 2022. Deming brings over 20 years of accounting experience, focusing on tax compliance and consulting for closely held businesses and individuals. His previous role was at Jacobs, Cohen & Associates, PLLC. The company aims to enhance its investment banking services and provide comprehensive tax advice to clients. Truxton Trust, founded in 2004, specializes in private banking and wealth management.
Truxton Corporation (OTCPK: TRUX) has declared a quarterly cash dividend of $0.34 per common share, payable on December 28, 2022, to shareholders of record by December 7, 2022. This decision reflects the company’s commitment to returning value to shareholders. Truxton Trust Company, a subsidiary of Truxton Corporation, specializes in private banking, wealth management, and trust services for affluent individuals and families, emphasizing customized financial solutions since its founding in 2004.
Truxton Corporation reported a net income of $4.3 million, or $1.49 per diluted share, for Q3 2022, marking a 12% increase from Q3 2021. The bank achieved its highest loan growth, with net loans rising 7% to $606 million. Wealth Management revenue remained stable despite lower asset values, contributing 94% to non-interest income of $4.3 million. The net interest margin improved to 2.95%. Truxton maintained a strong capital position with a Tier 1 leverage ratio of 9.78% and $0 in non-performing assets.
Truxton Trust Company announced its advisory role for BasePoint Health Management, facilitating a $5 million junior debt facility to expand its operations from one to five locations in Dallas, Texas. The funds were raised from accredited investors, and BasePoint aims to enhance access to mental health care for adolescents. Truxton Capital Advisors, a division of Truxton Trust, provided the capital solutions. Truxton Trust offers a range of financial services, catering primarily to wealthy individuals and their businesses.
Truxton Corporation (OTCPK: TRUX) announced a quarterly cash dividend of $0.34 per common share, set to be paid on September 28, 2022. Shareholders must be on record by September 7, 2022. This dividend reflects the company's commitment to providing returns to its investors. Truxton Trust Company, a subsidiary of Truxton Corporation, offers a range of financial services including private banking and wealth management to high-net-worth clients.
Truxton Corporation reported strong Q2 2022 results with net income of $4.1 million, or $1.41 per diluted share, marking a 16% increase from Q2 2021. Wealth management revenue rose 9% year-over-year. The bank achieved record loan growth, with total loans increasing 11% from Q1 2022 and 25% from Q2 2021. However, the company anticipates ongoing market turbulence could challenge earnings in the latter half of the year. The capital position remains solid, with a Tier 1 leverage ratio of 9.63% and zero non-performing assets.
Truxton Corporation (OTCPK: TRUX) has been named one of the top 200 best-performing banks in the U.S. by American Banker, marking its tenth consecutive year on the list. The Nashville-based financial holding company achieved a 3-year return on average equity (ROAE) of 16.7%, ranking 19th overall. In 2021, Truxton recorded its highest ROAE at 18.26%. This recognition underscores the bank's commitment to exceptional client service and strong performance.
Truxton Trust Company has announced the election of R. Claiborne Richards, Jr. and Derek Young to its Board of Directors during its annual shareholder meeting on May 24, 2022. Richards, former CEO and Founder of naviHealth, brings extensive healthcare experience, having led the company until its acquisition by United Health Group in 2020. Young, a corporate culture consultant, offers expertise in leadership and diversity. Chairman Tom Stumb emphasized the value of their leadership in enhancing the company's growth and service offerings in private banking, wealth management, and trust services.
FAQ
What is the current stock price of TRUXTON (TRUX)?
What is the market cap of TRUXTON (TRUX)?
What services does Truxton Corporation provide?
When was Truxton Trust Company founded?
What is the guiding principle of Truxton Trust?
How did Truxton Corporation perform in the second quarter of 2023?
What is the stock symbol for Truxton Corporation?
Where is the new headquarters of Truxton Corporation located?
What sets Truxton Trust apart in the financial industry?
What financial results were announced by Truxton Corporation for the third quarter of 2023?
How does Truxton Corporation support its clients' financial needs?
What is the mission of Truxton Trust Company?
