Clients in the News: Triumph Bank Reports Profitable Second Quarter Triumph Bank doubled its profit in the second quarter compared to the second quarter of 2012. The bank reported almost $780,000 in profit for the quarter ended June 30, up from $388,164 during the same period in 2012. “We registered growth in revenues and a decrease in operating expenses as a percentage of assets,” the bank reported in a letter to shareholders. “These indicate we are efficiently using our capital and that our operations, as we gain scale, can improve efficiency. Our asset quality showed improvement with a miniscule amount of past due loans and a sharp percentage decrease in foreclosed properties.” – Andy Meek memphisdailynews/news/2013/aug/13/triumph-bank-reports-profitable-second-quarter/#79363
Posted on: Mon, 12 Aug 2013 21:35:00 +0000
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