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FORT WORTH, TX–(Marketwire – Apr 27, 2011) – Trinity Bank N.A. (OTCBB: TYBT) today announced operating results for the three months ending March 31, 2011.
Trinity Bank, N.A. reported Net Income After Taxes of $539,000, or $.48 per
diluted common share for the first quarter of 2011, compared to $469,000 or
$.40 per diluted common share for the first quarter of 2010, an increase of
19.7%. This profit produced a Return on Assets of 1.42% and Return on
Equity (excluding unrealized gain on investments) of 12.90%.
Jeffrey M. Harp, President, stated, “Net Income was up 14.9% over the first
quarter of 2010 results. Earnings per share rose 19.7% because of the
share repurchase program that began in late 2010. We are pleased with
these results, especially since they were accomplished in the face of very
weak loan demand.”
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Article source: http://www.marketwire.com/press-release/trinity-bank-2011-profits-up-149-earnings-per-share-up-197-otcbb-tybt-1507183.htm