Truxton Q2 FY26 net income rises 29% to $6.88 million; revenue climbs 16% to $16.84 million - TRUX News | RalliesTruxton Q2 FY26 net income rises 29% to $6.88 million; revenue climbs 16% to $16.84 million
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TRUX• Margins, deposits and loans
- Net interest margin narrowed 8 basis points from Q1 to 3.10%, while cost of funds edged up to 2.76%.
- Total deposits fell 5% from Q1 to $1.12 billion due to a $94 million decline in wholesale deposits; loans dipped 1% to $804 million.
Quarterly results and revenue
- Truxton reported Q2 net income attributable to common shareholders of $6.88 million, up 29% year over year; diluted EPS rose to $2.38.
- Total revenue, net increased 16.25% to $16.84 million, reflecting net interest income of $10.06 million and noninterest income of $6.7 million.
Asset quality and capital return
- Nonperforming assets were $116,000 at quarter-end; dividends totaled $0.88 per share, with $106,000 of stock repurchased.
