Trinity Bank 2015 2nd Quarter Net Income Up 14.3%; 2nd Quarter Earnings per Share Up 14.1%; 43rd Consecutive Quarter of Profit Improvement
(firmenpresse) - FORT WORTH, TX -- (Marketwired) -- 08/03/15 -- Trinity Bank N.A. (OTC: TYBT) today announced operating results for the second quarter and the six months ending June 30, 2015.
For the second quarter 2015, Trinity Bank, N.A. reported Net Income after Taxes of $922,000, an increase of 14.3% over second quarter 2014 earnings of $807,000. Earnings per diluted common share for the second quarter 2015 amounted to $0.81, an increase of 14.1% over second quarter 2014 results of $0.71 per diluted common share.
For the first six months of 2015, Net Income after Taxes was $1,807,000, an increase of 14.5% over the first half of 2014 results of $1,578,000. Earnings per diluted common share for the first half of 2015 were $1.60, an increase of 15.1% over the first half of 2014 results of $1.39 per diluted common share.
President Jeffrey M. Harp stated, "Second quarter results were good due to:
1) Average loan volume for the second quarter increased 8.7%
2) Net Interest Margin increased slightly from 4.05% for 2Q2014 to 4.09% for 2Q2015
3) Income before tax and loan loss provision increased 18.2%
4) Efficiency ratio remains excellent at 36.8% (industry average is over 60%)
5) Return on Assets of 1.80% and Return on Equity of 14.7% represent new highs for Trinity Bank.
Trinity Bank continues to perform well. The North Texas economy is growing and diversified. We intend to grow as well by adding new staff in 2015 and expanding into a new banking facility in 2016."
Trinity Bank, N.A. is a commercial bank that began operations May 28, 2003. For a full financial statement, visit Trinity Bank's website: Regulatory reporting format is also available at .
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.
Richard Burt
Executive Vice President
Trinity Bank
817-763-9966
Themen in dieser Pressemitteilung:
Unternehmensinformation / Kurzprofil:
Datum: 03.08.2015 - 17:54 Uhr
Sprache: Deutsch
News-ID 411102
Anzahl Zeichen: 0
contact information:
Town:
FORT WORTH, TX
Kategorie:
Retail Banking
Diese Pressemitteilung wurde bisher 194 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"Trinity Bank 2015 2nd Quarter Net Income Up 14.3%; 2nd Quarter Earnings per Share Up 14.1%; 43rd Consecutive Quarter of Profit Improvement"
steht unter der journalistisch-redaktionellen Verantwortung von
Trinity Bank (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
