Trinity Bank Declares 21st Semiannual Cash Dividend

Rhea-AI Summary

Trinity Bank, N.A. (OTC PINK:TYBT) declared a cash dividend of $.75 per share on March 22, 2022, marking a 2.7% increase from the previous dividend of $.73. Shareholders on record as of April 15, 2022, will receive this dividend on April 29, 2022. This marks the bank's 21st semiannual dividend, with a consistent dividend increase since its initiation in 2012. President Barney Wiley expressed confidence in the bank's earnings, loan quality, and deposit base amid economic uncertainties and anticipated Federal Reserve rate increases.

Positive

• Dividend increased by 2.7%, reflecting strong company performance.
• Consistent dividend payments since 2012, demonstrating reliability for investors.

Negative

• Concerns about potential impacts from Federal Reserve rate hikes and inflation.

TRINITY BANK INCREASES CASH DIVIDEND 2.7%

FORT WORTH, TX / ACCESSWIRE / March 24, 2022 / Trinity Bank, N.A. (OTC PINK:TYBT) announced that on March 22, 2022, the Board of Directors declared a cash dividend of $.75 per share. The dividend will be payable on April 29, 2022 to shareholders of record as of the close of business on April 15, 2022.

President Barney Wiley stated, "The Board of Directors of Trinity Bank, N.A. is pleased to announce the bank's 21^st semiannual cash dividend. The dividend of $.75 per share payable in April 2022 represents a 2.7% increase over the $.73 per share dividend that was paid in October 2022."

"Trinity Bank has now increased its semiannual dividend each six months since dividends were initiated in 2012."

	April	October	Special	Annual
2012	$0.20	$0.20	$1.00	$1.40
2013	$0.25	$0.28		$0.53
2014	$0.31	$0.34		$0.65
2015	$0.38	$0.42		$0.80
2016	$0.44	$0.46		$0.90
2017	$0.49	$0.51		$1.00
2018	$0.54	$0.57		$1.11
2019	$0.60	$0.62		$1.22
2020	$0.64	$0.67		$1.31
2021	$0.69	$0.73		$1.42
2022	$0.75
			Total Dividends	$11.09

President Wiley stated, "Trinity Bank is extremely proud of our dividend history, providing a consistent tangible return to our shareholders over the past ten years. We are cognizant of the probable Federal Reserve rate increases (first Federal Reserve rate increase since 2018 occurred last week), inflation, and the other issues affecting the global and U.S. economies. With these uncertainties in mind, we are pleased with our capitalization, our earnings and loan quality, and our strong deposit base. We continue to be proud of the resiliency of our customers, employees, and shareholders during these times."

The Board of Directors will review the dividend policy again in the fall of 2022 when operating results for the first half of 2022 are available.

Trinity Bank, N.A. is a commercial bank that began operations May 28, 2003. For a full financial statement, visit Trinity Bank's website: www.trinitybk.com click on "About Us" and then click on "Investor Information". Financial information in regulatory reporting format is also available at www.fdic.gov.

For information contact:

Richard Burt
817-763-9966

This Press Release may contain certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 regarding future financial conditions, results of operations and the Bank's business operations. Such forward-looking statements involve risks, uncertainties and assumptions, including, but not limited to, monetary policy and general economic conditions in Texas and the greater Dallas-Fort Worth metropolitan area, the risks of changes in interest rates on the level and composition of deposits, loan demand and the values of loan collateral, securities and interest rate protection agreements, the actions of competitors and customers, the success of the Bank in implementing its strategic plan, the failure of the assumptions underlying the reserves for loan losses and the estimations of values of collateral and various financial assets and liabilities, that the costs of technological changes are more difficult or expensive than anticipated, the effects of regulatory restrictions imposed on banks generally, any changes in fiscal, monetary or regulatory policies and other uncertainties as discussed in the Bank's Registration Statement on Form SB‑1 filed with the Office of the Comptroller of the Currency. Should one or more of these risks or uncertainties materialize, or should these underlying assumptions prove incorrect, actual outcomes may vary materially from outcomes expected or anticipated by the Bank. A forward-looking statement may include a statement of the assumptions or bases underlying the forward‑looking statement. The Bank believes it has chosen these assumptions or bases in good faith and that they are reasonable. However, the Bank cautions you that assumptions or bases almost always vary from actual results, and the differences between assumptions or bases and actual results can be material. The Bank undertakes no obligation to publicly update or otherwise revise any forward‑looking statements, whether as a result of new information, future events or otherwise, unless the securities laws require the Bank to do so.

SOURCE: Trinity Bank N.A.

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FAQ

What is the dividend amount declared by Trinity Bank in 2022?

Trinity Bank declared a cash dividend of $.75 per share in 2022.

When will the dividend be paid to shareholders of Trinity Bank?

The dividend will be payable on April 29, 2022, to shareholders of record as of April 15, 2022.

How much has Trinity Bank increased its dividend in 2022?

Trinity Bank increased its dividend by 2.7% from the previous amount of $.73.

How consistently has Trinity Bank paid dividends since its inception?

Trinity Bank has increased its semiannual dividend every six months since dividends were initiated in 2012.