» Subscribe Today!
More of what you want to know.
The Daily News
X

Forgot your password?
Skip Navigation LinksHome >
VOL. 128 | NO. 54 | Tuesday, March 19, 2013

Triumph Bank Improved Earnings Picture in 2012

Print | Front Page | Email this story | Comments ()

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

Sign-Up For Our Free Email Edition
Get the news first with our daily email


 
Blog Get more from The Daily News
Blog News, Training & Events
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 72 368 16,413
MORTGAGES 66 422 21,432
FORECLOSURE NOTICES 15 76 4,266
BUILDING PERMITS 176 877 39,378
BANKRUPTCIES 60 294 15,542
BUSINESS LICENSES 20 98 5,491
UTILITY CONNECTIONS 69 423 23,573
MARRIAGE LICENSES 17 95 5,035

Weekly Edition

Issues | About

The Memphis News: Business, politics, and the public interest.