Overview

* Truxton Q3 net income rises 23% yr/yr, reflecting strong earnings growth

* Company's Q3 net interest margin declines from prior qtr but improves yr/yr

* Truxton's Q3 deposits increase 11% from prior qtr, up 30% yr/yr

Outlook

* Truxton did not provide specific guidance for future quarters or the full year

Result Drivers

* DEPOSIT GROWTH - Truxton's deposits increased 11% from the prior quarter and 30% year-over-year, supported by superior deposit operations and wholesale funding sources

* WEALTH MANAGEMENT REVENUE - Wealth revenue rose 8% from the previous quarter and 7% year-over-year, contributing to non-interest income growth

* LOAN GROWTH - Loans increased 4% from the previous quarter and 8% year-over-year, aiding interest income

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Net $5.60

Income mln

Q3 Net 2.82%

Interest

Margin

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)