Truxton Q2 Net Income Rises on 19% Wealth Management Revenue Jump
TRUX sits 44% above its 52-week low of $70.05 on light trading volume (0.1× avg).
Summary
Truxton's preliminary Q2 net income rose to $6.88 million, driven by a 19% year-over-year surge in wealth management revenue. The wealth unit's 3% sequential growth offset a narrowing net interest margin, which slipped from the prior quarter as funding costs ticked up to 2.76%. Total deposits fell 5% sequentially, entirely from a $94 million drop in wholesale deposits—a manageable shift away from higher-cost funding. The stock is trading near its 52-week high, and this print reinforces the strength of the fee-based wealth business even as net interest income faces margin pressure. No forward guidance was provided, leaving the full-year trajectory dependent on sustained wealth flows and deposit cost management.
At the time of this announcement, TRUX was trading at $101.20 on OTC in the Finance sector, with a market capitalization of approximately $291.4M. The 52-week trading range was $70.05 to $103.00. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Reuters.