Trinity Bank, N.A. (Fort Worth, TX) Reports Unaudited Earnings Results for the Fourth Quarter and Year Ended December 31, 2013
January 31, 2014 at 04:41 pm EST
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Trinity Bank, N.A. (Fort Worth, TX) reported unaudited earnings results for the fourth quarter and year ended December 31, 2013. For the quarter, the company reported interest income of $1,677,000 against $1,542,000 a year ago. Net interest income was $1,577,000 against $1,432,000 a year ago. Earnings before income taxes were $1,019,000 against $890,000 a year ago. Net earnings were $756,000 or $0.66 per diluted share against $664,000 or $0.59 per basic and diluted share a year ago. Return on average assets (annualized) was 1.66% against 1.50% a year ago. Return on average equity (annualized) was 14.20% against 12.96% a year ago. Return on average equity (excluding unrealized gain on investments) was 14.10% against 13.79% a year ago. Book value per common share as on December 31, 2013 was $19.09 against $18.26 as on December 31, 2012. Book value per common share (excluding unrealized gain on investments) as on December 31, 2013 was $19.30 against $17.34 as on December 31, 2012.
For the year, the company reported interest income of $6,412,000 against $6,138,000 a year ago. Net interest income was $6,008,000 against $5,582,000 a year ago. Earnings before income taxes were $3,911,000 against $3,463,000 a year ago. Net earnings were $2,862,000 or $2.51 per diluted share against $2,581,000 or $2.36 per diluted share a year ago.