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Trinity Bank N.A. (TYBT) is a commercial bank founded in 2003, operating in Fort Worth, Texas. Led by CEO Matt R. Opitz, the bank prides itself on its strong financial performance, reporting consistent growth in Net Income after Taxes and Earnings per diluted common share over the years. Trinity Bank has capitalized on new opportunities, establishing key relationships with quality prospects. With a focus on exceptional customer experiences, the bank's staff plays a vital role in delivering superior results.
Trinity Bank (OTC PINK:TYBT) reported Q3 2024 net income of $2,099,000, up 6.66% from Q3 2023. Earnings per diluted share reached $1.86, a 7.51% increase. For the first nine months of 2024, net income was $6,281,000, up 6.84% year-over-year. The bank's return on assets was 1.73% and return on equity 14.77%. Total deposits increased 4.8% to $429,139,000, while total loans reached $300,487,000. The bank announced its 26th semi-annual dividend of $0.93 per share, payable October 31, 2024.
Trinity Bank, N.A. (OTC Pink:TYBT) has announced a 5.7% increase in its cash dividend. The Board of Directors declared a dividend of $0.93 per share, payable on October 31, 2024, to shareholders of record as of October 15, 2024. This marks the bank's twenty-sixth semiannual cash dividend.
COO Richard Burt stated that Trinity Bank performed well in the first half of 2024 in terms of growth, asset quality, and operating efficiency. The bank maintains a strong Tier 1 Capital Ratio exceeding 16%, allowing it to share a portion of net income with shareholders. The Board will review the dividend policy again in spring 2025 after evaluating the second half of 2024 results.
Trinity Bank N.A. (OTC PINK:TYBT) reported strong financial results for Q2 2024 and the first half of the year. Net Income after Taxes for Q2 2024 was $2,154,000 or $1.91 per diluted share, a 10.4% increase from Q2 2023. For the first six months of 2024, Net Income after Taxes reached $4,181,000, up 6.9% from the same period in 2023. Earnings per diluted share for H1 2024 were $3.70, a 7.9% increase year-over-year.
CEO Matt R. Opitz highlighted Q2 2024 as Trinity Bank's best quarter since inception, praising the staff's dedication. Despite challenges like high inflation and an elevated rate environment, the bank reported a positive business climate in North Texas. Trinity Bank maintains strong liquidity and capital positions, ready for continued growth opportunities.
Trinity Bank has been named one of the 2024 Top-Performing Banks by American Banker. The recognition highlights the bank's status as one of the best publicly traded banks with assets under $2 billion. The accolade is based on data from year-end 2023, showing that these banks had a lower median efficiency ratio, higher median net interest margin, and stronger median net loan growth compared to other community banks.
Matt R. Opitz, CEO of Trinity Bank, attributed the success to the bank's conservative management practices and the dedication of its staff. Established in 2003, Trinity Bank aims to provide personalized banking services to the North Texas community while maintaining the high standards of a larger institution. More information is available on their website at trinitybk.com.
Trinity Bank N.A. (OTC PINK:TYBT) reported a 5.9% increase in first-quarter earnings, reaching $1.80 per share. With a return on assets of 1.65% and return on equity of 15.04%, the bank's net income after taxes rose to $2,028,000. The bank remains focused on asset quality and liquidity amidst economic volatility, with plans for technology upgrades and a 25th consecutive dividend increase.
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