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Stock impact report

Truxton Corporation Reports Third Quarter 2019 Results

TRUXTON CORP (TRUX) 
Company Research Source: GlobeNewswire
NASHVILLE, Tenn., Oct. 24, 2019 (GLOBE NEWSWIRE) -- Truxton Corporation (OTCPK: TRUX), the parent company for Truxton Trust Company (“Truxton” or “the Bank”) and subsidiaries, announced its operating results for the quarter ended September 30, 2019.  Third quarter net income attributable to common shareholders was $2.6 million or $0.91 per diluted share compared to $2.3 million or $0.82 per diluted share for the same quarter in 2018.  Net income rose by 12% and earnings per diluted share rose by 11% for the quarter.  For the nine months ended September 30, 2019, net income increased by 19% to $7.3 million from $6.1 million in the comparable period in 2018.  For the nine months ended September 30, 2019, earnings per diluted share rose from $2.20 to $2.59, an increase of 18%. “Truxton experienced record EPS in the quarter,” said Truxton Trust Chairman and CEO Tom Stumb. “Our returns to equity capital are very strong for the banking industry despite our conservative capital structure. Show less Read more
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