Home >
VOL. 128 | NO. 54 | Tuesday, March 19, 2013
Triumph Bank Improved Earnings Picture in 2012
Memphis-based Triumph Bank saw a 28 percent gain in its pretax income in 2012 compared to 2011.
Triumph reported year-end pre-tax income of $3.5 million for 2012, up from about $2.7 million at year-end 2011.
Fourth quarter pre-tax income for 2012 was almost $1.2 million, with net income at $730,000. Triumph’s 2012 earnings were helped by an increase of $78 million in loans, up 32 percent over 2011, and a 33 percent increase in investment securities.
The bank’s deposits increased by $63 million, or 23 percent.
– Andy Meek