Truxton Q1 prelim net income rises 35%, net interest margin improves

Truxton

30/04/2026 14:08

Overview

US wealth and banking services firm's preliminary Q1 net income rose yr/yr

Net interest income and margin increased compared to prior year

Company repurchased 7,518 shares for $644,000 during the quarter

Outlook

Company did not provide specific guidance or outlook for future quarters or the full year

Result Drivers

NET INTEREST INCOME - Q1 net interest income rose 44% yr/yr and 9% sequentially, supported by higher average loan balances and an improved net interest margin

WEALTH MANAGEMENT REVENUE - Wealth revenue increased 13% yr/yr and 3% sequentially, contributing to non-interest income growth

DEPOSIT DECLINE - Total deposits fell 5% from the prior quarter, though remained higher than the previous year

Company press release: ID:nGNX3Q9ckq

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Net Income
$6.80 mln
Q1 Net Interest Margin
3.18%


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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)