TRUXTON CORP - TRUX STOCK NEWS

Truxton Trust Company has announced the promotion of three key executives to Managing Directors for Wealth Management Services: Miles T. Kirkland, Kevin S. Brodrick, and W. Spence Dabbs. Additionally, Andrew 'Drew' J. Mallory will take on the role of Chief Fiduciary Officer. These promotions reflect the individuals' leadership and commitment to client success, as stated by Senior Managing Director Derrick Jones. Founded in 2004, Truxton Trust offers private banking and wealth management services and is a subsidiary of Truxton Corporation (OTCPK: TRUX).

Truxton Trust Company has appointed Daniel J. Bellet as Associate Wealth Advisor in its Wealth Management Services. Bringing extensive experience in investment, risk management, and estate planning, Bellet holds the CERTIFIED FINANCIAL PLANNER™ and CERTIFIED PLAN FIDUCIARY ADVISOR™ designations. His academic qualifications include a Bachelor’s in Finance from Hillsdale College. Senior management lauded his commitment to client service. Founded in 2004, Truxton Trust provides tailored banking and wealth management solutions for affluent clients globally. It operates under Truxton Corporation (OTCPK: TRUX).

Truxton Corporation (OTCPK: TRUX) has announced a quarterly cash dividend of $0.34 per common share, marking a 13% increase from the previous year. This dividend will be payable on March 25, 2022, to shareholders of record by March 9, 2022. Additionally, a special cash dividend of $1.00 per common share will also be distributed on the same date. The Board has also approved a $5 million stock repurchase program, which can be executed over the next year. This initiative emphasizes the company's commitment to returning capital to shareholders while maintaining a conservative balance sheet.

Truxton Corporation reported strong Q4 2021 results with a net income of $4.0 million, up 14% from Q4 2020, and earnings per diluted share of $1.39, a 13% increase. For the full year, net income rose 30% to $14.5 million, and earnings per share grew by 29% to $5.02. Wealth management revenue surged 31% year-over-year. Total deposits increased by 10% from Q3 2021, reaching $807 million. However, the net interest margin decreased to 2.48%, down 21 basis points from the previous quarter. The bank maintains a strong capital position with no non-performing assets.

Truxton Trust Company has welcomed Samuel F. Carden, CFA, as an Associate Portfolio Manager in Wealth Management Services. Carden has a strong background in equity research, corporate banking, and counterparty risk, having worked with notable firms such as Jefferies, Regions Bank, and UBS. He holds a Bachelor of Science in Finance and is a member of the CFA Society of Nashville. His expertise is expected to benefit Truxton's commitment to delivering tailored financial solutions to clients. Truxton Trust, founded in 2004, specializes in private banking and wealth management services.

Truxton Corporation (OTCPK: TRUX) announced a quarterly cash dividend of $0.30 per common share, payable on December 28, 2021. Shareholders of record as of December 7, 2021 will receive this dividend. The company, parent to Truxton Trust Company, provides private banking, wealth management, trust, and family office services to high-net-worth individuals and their families.

Truxton Corporation (OTCPK: TRUX) reported strong third quarter results for 2021, with net income of $3.9 million, a 53% increase compared to the same period in 2020. Earnings per share rose by 52% to $1.34. Wealth management revenue surged 37%, and total deposits increased by 4% from the prior quarter, reaching $733 million. Although net interest margin slightly declined to 2.69%, asset quality remained stable with no non-performing assets. The company's effective tax rate is approximately 19%, supported by various tax-advantaged income sources.

Truxton Corporation (OTCPK: TRUX) has declared a quarterly cash dividend of $0.30 per common share, set to be payable on September 28, 2021. Shareholders of record are identified as those holding shares by September 7, 2021. The announcement highlights the company's continued commitment to rewarding its investors. Truxton Trust Company, a subsidiary of Truxton Corporation, specializes in private banking, wealth management, trusts, and family office services.

Truxton Corporation (OTCPK: TRUX) reported a strong second quarter for 2021, with net income rising 36% to $3.6 million, or $1.22 per diluted share, compared to the same quarter in 2020. Wealth management revenue grew 33% year-over-year. Loans, excluding Paycheck Protection Program loans, increased 18% from June 2020. Total deposits also rose by 38% from the previous year, reaching $707.4 million. The net interest margin improved to 2.71%. Asset quality remained sound with low non-performing assets, and the company maintained a strong capital position with a Tier 1 leverage ratio of 9.47%.