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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 98 376 10,434
MORTGAGES 124 449 13,881
FORECLOSURE NOTICES 14 56 2,766
BUILDING PERMITS 196 798 23,420
BANKRUPTCIES 68 264 8,803
BUSINESS LICENSES 24 77 3,613
UTILITY CONNECTIONS 251 637 13,380
MARRIAGE LICENSES 21 93 3,117

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