Truxton Corporation Reports Fourth Quarter and Full Year 2025 Results
FOR IMMEDIATE RELEASE
NASHVILLE, TN, January 29, 2026 – Truxton Corporation, the parent company for Truxton Trust Company (“Truxton” or “the Bank”) and subsidiaries, announced its operating results for the quarter and full year ended December 31, 2025. Fourth quarter net income attributable to common shareholders was $5.48 million, or $1.90 per diluted share, compared to $4.99 million, or $1.74 per diluted share, for the same quarter in 2024.
For the year ended December 31, 2025, net income increased by 17% to $21.5 million from $18.4 million in 2024. For the year ended December 31, 2025, earnings per diluted share rose to $7.46 from $6.34, an increase of 18% from 2024.
Key Highlights
- Non-interest income was $5.9 million in the fourth quarter of 2025, which was $140 thousand lower than the third quarter of 2025 and $81 thousand over the fourth quarter of 2024. Excluding net losses on the sale of securities in each period of $413 thousand, $0, and $122 thousand, wealth revenue constituted 92% of non-interest income in the fourth quarter of 2025, compared to 94% for the third quarter of 2025 and to 89% for the fourth quarter of 2024.
- Loans increased 13% to $814 million at year end compared to $721 million at September 30, 2025, and were up 21% compared to $670 million at December 31, 2024.
- Total deposits increased by 7% from $1.16 billion at September 30, 2025, to $1.24 billion at December 31, 2025, and were 43% higher in comparison to $866 million at December 31, 2024. Truxton continues to fund much of its growth from a single banking location led by its commitment to provide what it believes is superior deposit operations service and technology.
- Net interest margin for the fourth quarter of 2025 was 2.97%, an increase of 15 basis points from the 2.82% experienced in the quarter ended September 30, 2025, and an increase of 18 basis points from the 2.79% recorded in the quarter ended December 31, 2024. Cost of funds was 2.91% in the fourth quarter of 2025, down from 3.08% in each of the third quarter of 2025 and fourth quarter of 2024.
- Asset quality remains sound at Truxton. The Bank had $106 thousand of non-performing assets at December 31, 2025. Provision for credit loss expense in the fourth quarter of 2025 included a $620 thousand reserve against one investment security held by the Bank.
- Allowance for credit losses on loans, excluding that for unfunded commitments, was $7.4 million at quarter end December 31, 2025, compared to $7.0 million at September 30, 2025, and $6.4 million at December 31, 2024. For those three periods, such allowance amounts were 0.91%, 0.98%, and 0.96% of gross loans outstanding at the respective period end. For the same three periods, the Bank’s allowance for unfunded commitments was $741 thousand, $650 thousand, and $483 thousand, respectively.
- The Bank’s capital position remains strong. Its Tier 1 leverage ratio was 8.77% at December 31, 2025, compared to 8.90% at September 30, 2025, and 10.63% at December 31, 2024. Book value per common share was $40.55, $38.51, and $34.42 at December 31, 2025, September 30, 2025, and December 31, 2024, respectively.
- During the twelve months ended December 31, 2025, Truxton Corporation paid dividends of $3.00 per common share, inclusive of a $1.00 special cash dividend, and repurchased 11,700 shares of its common stock for $923 thousand in the aggregate, or an average price of $78.91 per share .
About Truxton
Truxton is a premier provider of wealth, banking, and family office services for wealthy individuals, their families, and their business interests. Serving clients across the world, Truxton’s vastly experienced team of professionals provides customized solutions to its clients’ complex financial needs. Founded in 2004 in Nashville, Tennessee, Truxton upholds its original guiding principle: do the right thing. Truxton Trust Company is a subsidiary of financial holding company, Truxton Corporation (OTCID: TRUX). For more information, visit truxtontrust.com.
