Trinity Bank Increases Dividend 11.5%
(firmenpresse) - FORT WORTH, TX -- (Marketwired) -- 03/26/15 -- Trinity Bank, N.A. (OTCQB: TYBT) announced that on March 26, 2015, the Board of Directors declared a cash dividend of $.38 per share. The dividend will be payable April 30, 2015 to shareholders of record as of the close of business on April 15, 2015.
President Jeffrey M. Harp stated, "The Board of Directors of Trinity Bank, N.A. is pleased to announce the bank''s seventh cash dividend. The dividend of $.38 per share payable in April, 2015 represents an 11.5% increase over the $.34 per share dividend that was paid in October, 2014.
"Trinity Bank had a reasonably good year in 2014. Net Income after Taxes was $3,266,000 (or $2.88 per share). This represents approximately a 14% increase over 2013 results. The semi-annual dividend of $.38 per share, when annualized, represents a payout of approximately 26% of 2014 net income.
"Management and the Board of Directors are pleased to share a portion of the improved earnings with shareholders. The bank''s Tier 1 Leverage Ratio of 11.18% at yearend is well above all regulatory requirements. The dividend will not limit Trinity Bank''s ability to grow internally, expand geographically, or consider acquisitions. The Board will review the dividend again in the fall when operating results for the first half of 2015 are available."
Trinity Bank, N.A. is a commercial bank that began operations May 28, 2003. For a full financial statement, visit Trinity Bank''s website: , click on "About Us" and then click on "Investor Information". Financial information in regulatory reporting format is also available at .
This Press Release may contain certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 regarding future financial conditions, results of operations and the Bank''s business operations. Such forward-looking statements involve risks, uncertainties and assumptions, including, but not limited to, monetary policy and general economic conditions in Texas and the greater Dallas-Fort Worth metropolitan area, the risks of changes in interest rates on the level and composition of deposits, loan demand and the values of loan collateral, securities and interest rate protection agreements, the actions of competitors and customers, the success of the Bank in implementing its strategic plan, the failure of the assumptions underlying the reserves for loan losses and the estimations of values of collateral and various financial assets and liabilities, that the costs of technological changes are more difficult or expensive than anticipated, the effects of regulatory restrictions imposed on banks generally, any changes in fiscal, monetary or regulatory policies and other uncertainties as discussed in the Bank''s Registration Statement on Form SB-1 filed with the Office of the Comptroller of the Currency. Should one or more of these risks or uncertainties materialize, or should these underlying assumptions prove incorrect, actual outcomes may vary materially from outcomes expected or anticipated by the Bank. A forward-looking statement may include a statement of the assumptions or bases underlying the forward-looking statement. The Bank believes it has chosen these assumptions or bases in good faith and that they are reasonable. However, the Bank cautions you that assumptions or bases almost always vary from actual results, and the differences between assumptions or bases and actual results can be material. The Bank undertakes no obligation to publicly update or otherwise revise any forward-looking statements, whether as a result of new information, future events or otherwise, unless the securities laws require the Bank to do so.
:
Richard Burt
817-763-9966
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Datum: 26.03.2015 - 09:10 Uhr
Sprache: Deutsch
News-ID 1347006
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