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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 110 154 13,810
MORTGAGES 135 193 18,019
FORECLOSURE NOTICES 15 39 3,544
BUILDING PERMITS 430 430 32,733
BANKRUPTCIES 52 130 13,133
BUSINESS LICENSES 20 45 4,750
UTILITY CONNECTIONS 83 204 20,104
MARRIAGE LICENSES 0 33 4,230

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