Truxton Q4 net income rises, loans up 21%

Overview

Wealth and banking services provider's Q4 net income rose yr/yr

Loans increased 21% yr/yr to $814 mln at year end

Total deposits rose 43% yr/yr to $1.24 bln

Result Drivers

LOAN GROWTH - Loans increased 21% yr/yr to $814 mln at year end, supporting revenue growth

DEPOSIT INCREASE - Total deposits rose 43% yr/yr to $1.24 bln, aiding in funding growth

NET INTEREST MARGIN - Net interest margin rose to 2.97% in Q4, reflecting improved interest income

Key Details

MetricBeat/MissActualConsensus Estimate
Q4 Net Income$5.48 mln
Q4 Net Interest Margin2.97%
Press Release: ID:nGNX5R2d1F For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com. (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.)

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