Truxton Corporation has earned this recognition for 12 consecutive years
- Honored for 3-year return on average equity
- Recognized as a top bank for the twelfth year in a row
- Top-ranked bank in Tennessee
Truxton Corporation (OTCPK: TRUX), a financial holding company and the parent of Truxton Trust Company, announced that it has been recognized by American Banker as one of the top 200 best performing community banks in the nation.
Truxton Corporation has earned this recognition for 12 consecutive years and is the highest-ranked bank based in Tennessee to make the list this year.
American Banker’s annual ranking of publicly traded banks with less than $2 billion of assets is determined by return on average equity across three years. Truxton Corporation ranked 9th, with a 3-year return on average equity (ROAE) of 20.98% for the period ending Dec. 31, 2023.
“It’s an honor to be recognized by American Banker as a top ten bank in the country,” said Tom Stumb, Chairman and Chief Executive Officer.
“Our consistently high return on equity is a direct reflection of the elevated service we provide to clients and the exceptional performance of our talented and dedicated colleagues.” Austin Branstetter, Chief Financial Officer, added, “We earned a 22.3% return on average equity in 2023 and seek to continue our trend of exceptional long-term returns through prudent stewardship of our equity capital.”
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