Core Insights - Truxton Corporation reported a net income of $5.6 million for Q3 2025, representing a 23% increase from $4.6 million in Q3 2024, with diluted earnings per share rising to $1.95 from $1.57 [1][2][8] Financial Performance - Non-interest income for Q3 2025 was $6.0 million, down 2% from Q2 2025 but up 8% from Q3 2024 [4] - Wealth revenue increased to $5.6 million, an 8% rise from Q2 2025 and a 7% increase from Q3 2024 [4] - Loans grew by 4% to $721 million compared to $692 million at the end of Q2 2025, and up 8% from $665 million at the end of Q3 2024 [4] - Total deposits increased by 11% from $1.05 billion at the end of Q2 2025 to $1.16 billion at the end of Q3 2025, and were 30% higher than $889 million at the end of Q3 2024 [4] Interest and Capital Metrics - Net interest margin for Q3 2025 was 2.82%, a decrease of 10 basis points from Q2 2025 but an increase of 13 basis points from Q3 2024 [4][12] - The cost of funds rose to 3.08% in Q3 2025 from 3.01% in Q2 2025, down from 3.48% in Q3 2024 [4][12] - The Tier 1 leverage ratio was 8.90% at the end of Q3 2025, down from 9.36% at the end of Q2 2025 and 10.45% at the end of Q3 2024 [4][12] Shareholder Returns - Truxton Corporation paid dividends of $2.50 per common share during the first nine months of 2025, including a special cash dividend of $1.00, and repurchased 11,700 shares for $923 thousand [4] - The book value per common share increased to $38.51 at the end of Q3 2025 from $35.75 at the end of Q2 2025 and $33.30 at the end of Q3 2024 [4][11]
Truxton Corporation Reports Third Quarter 2025 Results
Globenewswire·2025-10-23 13:00