NASHVILLE, Tenn., Feb. 25, 2026 (GLOBE NEWSWIRE) -- Truxton is pleased to announce the promotion of three exceptional leaders whose expertise and dedication continue to strengthen the company’s ability to serve clients at the highest level. Jenny Bowers, CAMS, CRCM, CFE, has been promoted to Senior Vice President, BSA Officer.Mrs. Bowers joined Truxton in 2010 and has played a central role in maintaining and enhancing the firm’s Bank Secrecy Act and anti-money laundering compliance program. In her expanded ...

Core Viewpoint - Family Office of America, Inc. has acquired the assets of Donald M. Benson CPA, PA, enhancing its strategy to build a technology-enabled platform for integrated tax, accounting, and family office services [1][2] Group 1: Acquisition Details - The acquisition includes substantially all assets of the Florida-based accounting firm, which serves individuals, families, and closely held businesses [1] - Donald Benson, CPA/CFP, will remain involved post-acquisition to ensure client transition and support FOFA's growth initiatives in family office services [3] Group 2: Strategic Goals - FOFA aims to consolidate high-quality CPA practices to expand access to comprehensive family office services beyond the ultra-high-net-worth market [2][4] - The acquisition follows FOFA's previous acquisition of Toone & Associates in Maryland, indicating a growing pipeline of targeted CPA firm acquisitions [4] Group 3: Company Vision and Market Position - The company is executing a disciplined roll-up strategy to integrate top-tier CPA firms into a broader family office platform, enhancing service delivery and operational efficiency [5] - FOFA's model addresses industry challenges such as CPA succession and increasing client complexity, leveraging technology and AI for improved service [5] Group 4: Future Outlook - The Director of Acquisitions at FOFA stated that the acquisition aligns with their long-term vision and that the acquisition pipeline remains active, indicating plans for continued expansion [6]

Core Viewpoint - Truxton Corporation has announced a significant increase in its quarterly cash dividend, reflecting strong financial performance and a commitment to returning value to shareholders [1] Dividend Announcement - The Board of Directors approved a quarterly cash dividend of $0.88 per common share, payable on March 24, 2026, to shareholders of record as of March 10, 2026 [1] - This represents a 76% increase over the 2025 regular quarterly dividend of $0.50 [1] - The annualized dividend of $3.52 is 17% higher than the total of $3.00 per share paid in 2025 [1] - Truxton Corporation has increased its dividends for fourteen consecutive years [1] Stock Repurchase Program - The Board has authorized a stock repurchase program allowing the Corporation to acquire up to $5 million of its common shares over a one-year period following the release of fourth quarter earnings [2] - Shares may be purchased in open-market or private transactions at management's discretion, subject to applicable securities laws [2] Program Flexibility - The share repurchase program can be extended, modified, amended, suspended, or discontinued at the Corporation's discretion [3] - The timing, number, and value of shares to be purchased will depend on various factors, including stock price performance and capital planning considerations [3] Company Overview - Truxton is a provider of wealth, banking, and family office services for wealthy individuals and their business interests [4] - Founded in 2004 in Nashville, Tennessee, Truxton emphasizes customized solutions for complex financial needs [4]

Core Insights - Truxton Corporation reported a fourth quarter net income of $5.48 million, or $1.90 per diluted share, an increase from $4.99 million, or $1.74 per diluted share, in the same quarter of 2024 [1][2] - For the full year 2025, net income rose by 17% to $21.5 million from $18.4 million in 2024, with earnings per diluted share increasing by 18% to $7.46 from $6.34 [2] Financial Performance - Non-interest income for the fourth quarter of 2025 was $5.9 million, which is $140 thousand lower than the third quarter of 2025 but $81 thousand higher than the fourth quarter of 2024 [5] - Loans increased by 13% to $814 million at year-end compared to $721 million at September 30, 2025, and were up 21% from $670 million at December 31, 2024 [5] - Total deposits rose by 7% from $1.16 billion at September 30, 2025, to $1.24 billion at December 31, 2025, and were 43% higher compared to $866 million at December 31, 2024 [5] Asset Quality and Capital Position - The net interest margin for the fourth quarter of 2025 was 2.97%, an increase of 15 basis points from 2.82% in the previous quarter and 18 basis points from 2.79% in the same quarter of 2024 [5] - The allowance for credit losses on loans was $7.4 million at December 31, 2025, compared to $7.0 million at September 30, 2025, and $6.4 million at December 31, 2024 [5] - Truxton's Tier 1 leverage ratio was 8.77% at December 31, 2025, down from 8.90% at September 30, 2025, and 10.63% at December 31, 2024 [5] Shareholder Returns - During the twelve months ended December 31, 2025, Truxton Corporation paid dividends of $3.00 per common share, which included a $1.00 special cash dividend, and repurchased 11,700 shares of its common stock for $923 thousand [5]

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]

Core Insights - Truxton has announced the promotion of Buck Patton to Senior Vice President, Wealth Advisor, and Brandt Warner to Vice President, Wealth Advisor [1] Group 1: Promotions and Roles - Buck Patton has been with Truxton since 2018, serving in various roles including Portfolio Analyst and Financial Advisor, and has significantly impacted the firm and its clients [2] - Brandt Warner joined Truxton in 2024 as an Assistant Vice President, Wealth Advisor, and has quickly become a key contributor known for his strategic thinking and technical expertise [3][4] Group 2: Contributions and Impact - Buck Patton has refined processes and led complex client initiatives, earning certifications as a CERTIFIED FINANCIAL PLANNER™ and Certified Private Wealth Advisor [2] - Brandt Warner has improved core processes and has a client-first mindset, enhancing internal operations and building trust among clients [3][4] Group 3: Company Overview - Truxton is a premier provider of wealth, banking, and family office services, founded in 2004 in Nashville, Tennessee, and focuses on customized solutions for complex financial needs [4]

Core Insights - Truxton has announced the promotion of several key team members, recognizing their contributions to the bank's growth and success [1][2] - The promotions include Lindsey Heird, Lizzie McKeand, and William Benson to Senior Vice President, reflecting their leadership and dedication to the firm's mission [2][3] - Joseph Staub has been promoted to Vice President of Compliance, enhancing the bank's compliance framework and regulatory excellence [4][5] - Duncan McGinn has been promoted to Assistant Vice President, highlighting his strong performance and leadership within the organization [5] Promotions and Roles - Lindsey Heird joined Truxton in 2014 and has served as a relationship manager since 2015, providing banking solutions for individuals and businesses [3] - Lizzie McKeand started at Truxton in 2015 and transitioned to a lending role in 2019, focusing on wealthy families and their businesses [3] - William Benson joined in June 2020 from CapStar Bank and has experience in private banking and healthcare portfolio management [3] - Joseph Staub, who joined in 2022, has been pivotal in overseeing compliance and ensuring regulatory excellence [4][5] - Duncan McGinn serves as both a banker and an analyst for Truxton Capital Advisors, providing research and market analysis [5] Company Overview - Truxton is a premier provider of wealth, banking, and family office services for wealthy individuals and their business interests [6] - Founded in 2004 in Nashville, Tennessee, Truxton emphasizes delivering sound financial advice and customized solutions to complex financial needs [6]

Core Points - Truxton Corporation has announced a quarterly cash dividend of $0.50 per common share, payable on June 25, 2025, to shareholders of record as of June 11, 2025 [1] Company Overview - Truxton Corporation is a financial holding company and the parent of Truxton Trust Company, providing wealth, banking, and family office services to wealthy individuals and their families [2] - Founded in 2004 in Nashville, Tennessee, Truxton emphasizes a guiding principle of doing the right thing while serving clients globally with customized financial solutions [2]