Truxton Corporation's Q3 2025 Results Showcase Growth
Truxton Corporation's Impressive Earnings Growth
Truxton Corporation, the parent of Truxton Trust Company, has unveiled its operating results for the quarter that ended September 30, 2025. The third quarter net income attributable to common shareholders reached an impressive $5.6 million, which translates to $1.95 per diluted share. This is a marked increase from the previous year's $4.6 million, or $1.57 per diluted share. Compared to Q3 2024, both net income and fully diluted earnings per share saw a remarkable rise of 23% and 24%, respectively.
CEO's Statement on Continued Progress
In a statement about the results, Chairman and CEO Tom Stumb expressed his satisfaction with the ongoing earnings growth, attributing this success to the dedication and hard work of the staff. He emphasized the commitment to delivering exceptional outcomes for clients, which in turn benefits shareholders with significant returns.
Key Financial Highlights
Several notable accomplishments characterized the quarter:
Non-Interest Income
Non-interest income totaled $6.0 million in Q3 2025, a slight decrease of 2% from the prior quarter but up by 8% year-over-year. Notably, wealth revenue reached $5.6 million, indicating an 8% increase from Q2 2025 and a 7% rise from Q3 2024.
Loan and Deposit Growth
The total loans extended by Truxton Corporation grew by 4% to $721 million by the end of the quarter, up from $692 million as of June 30, 2025. This reflects an 8% increase from $665 million reported in Q3 2024. Average loan balances were also notably higher, showing consistent growth.
Deposits on the Rise
Truxton's total deposits surged by 11%, rising from $1.05 billion in June 2025 to $1.16 billion in September 2025. This represents a 30% increase compared to the $889 million reported in September 2024. Such growth strategies have proven effective, especially with a strong focus on superior deposit operations and efficient funding resources.
Net Interest Margin Updates
The bank reported a net interest margin of 2.82% in Q3 2025, experiencing a small decline of 10 basis points from the previous quarter's 2.92%. However, this shows an increase of 13 basis points compared to 2.69% in Q3 2024. The cost of funds increased to 3.08% in Q3 2025, demonstrating the balance in managing expenses and income.
Allowance for Credit Losses
The allowance for credit losses was recorded at $7.0 million as of September 30, 2025, which is an increase from $6.7 million in the previous quarter and $6.4 million a year prior. These figures signify prudent risk management strategies being implemented at Truxton Corporation.
Strong Capital Position
Truxton's capital position remains robust with a Tier 1 leverage ratio standing at 8.90% at the close of Q3 2025. This represents a decrease from 9.36% in the prior quarter but shows resilience when compared to 10.45% in Q3 2024. The book value per common share also increased to $38.51, reflecting strong underlying equity.
Shareholder Returns
During the nine months leading to September 30, 2025, Truxton Corporation declared dividends amounting to $2.50 per common share, including a special cash dividend of $1.00. Additionally, the company repurchased 11,700 shares of its common stock for an aggregate of $923 thousand, averaging a price of $78.85 per share. Notably, the bank fully repaid its $15 million subordinated debt during this period.
About Truxton Corporation
Founded in 2004, Truxton Corporation is a distinguished provider of wealth management, banking, and family office services, catering to high-net-worth individuals and their families. Their seasoned professionals deliver tailored solutions to complex financial needs across a global clientele.
Frequently Asked Questions
What is the net income reported for Truxton Corporation in Q3 2025?
The net income reported for Q3 2025 was $5.6 million, which is an increase from the previous year.
Who is the CEO of Truxton Corporation?
The CEO of Truxton Corporation is Tom Stumb.
What percentage did total deposits increase this quarter?
Total deposits increased by 11% from the second quarter of 2025.
How does the net interest margin in Q3 2025 compare to the same quarter last year?
The net interest margin in Q3 2025 was 2.82%, which is an increase from 2.69% in Q3 2024.
When was Truxton Corporation founded?
Truxton Corporation was founded in 2004 in Nashville, Tennessee.
About The Author
Contact Kelly Martin privately here. Or send an email with ATTN: Kelly Martin as the subject to contact@investorshangout.com.
About Investors Hangout
Investors Hangout is a leading online stock forum for financial discussion and learning, offering a wide range of free tools and resources. It draws in traders of all levels, who exchange market knowledge, investigate trading tactics, and keep an eye on industry developments in real time. Featuring financial articles, stock message boards, quotes, charts, company profiles, and live news updates. Through cooperative learning and a wealth of informational resources, it helps users from novices creating their first portfolios to experts honing their techniques. Join Investors Hangout today: https://investorshangout.com/
The content of this article is based on factual, publicly available information and does not represent legal, financial, or investment advice. Investors Hangout does not offer financial advice, and the author is not a licensed financial advisor. Consult a qualified advisor before making any financial or investment decisions based on this article. This article should not be considered advice to purchase, sell, or hold any securities or other investments. If any of the material provided here is inaccurate, please contact us for corrections.