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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 78 146 11,266
MORTGAGES 96 170 14,073
FORECLOSURE NOTICES 0 0 2,278
BUILDING PERMITS 403 549 24,583
BANKRUPTCIES 58 135 8,567
BUSINESS LICENSES 28 51 3,822
UTILITY CONNECTIONS 102 239 13,696
MARRIAGE LICENSES 14 49 3,080

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