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VOL. 128 | NO. 54 | Tuesday, March 19, 2013

Triumph Bank Improved Earnings Picture in 2012

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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

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 65 366 17,721
MORTGAGES 70 417 23,068
FORECLOSURE NOTICES 15 91 4,519
BUILDING PERMITS 210 932 42,157
BANKRUPTCIES 62 299 16,691
BUSINESS LICENSES 19 80 5,781
UTILITY CONNECTIONS 49 305 25,174
MARRIAGE LICENSES 16 96 5,381

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