Trinity Bank Reports 2022 3rd Quarter Return on Equity of 15.99%

3^RD QUARTER RETURN ON ASSETS 1.60%

3^RD QUARTER RETURN ON EQUITY 15.99%

FORT WORTH, TX / ACCESSWIRE / October 25, 2022 / Trinity Bank N.A. (OTCIQ PINK:TYBT) today announced operating results for the third quarter and the nine months ending September 30, 2022.

Results of Operation

For the third quarter 2022, Trinity Bank, N.A. reported Net Income after Taxes of $1,866,000, an increase of 26.4% over third quarter 2021 earnings of $1,476,000. Earnings per diluted common share for the third quarter 2022 amounted to $1.64, an increase of 26.2% over third quarter 2021 results of $1.30 per diluted common share.

For the first nine months of 2022, Net Income after Taxes was $5,156,000, an increase of 21.9% over the first nine months of 2021 results of $4,230,000. Earnings per diluted common share for the first nine months of 2022 were $4.53, an increase of 20.8% over the first nine months of 2021 results of $3.75 per diluted common share.

CEO Matt R. Opitz stated, "We are pleased with 3Q 2022 results which represent our most profitable quarter since inception in 2003. We are especially proud of our employees who continue to demonstrate their willingness to go above and beyond when it comes to meeting the needs of our customers."

While we continue to experience global economic uncertainty, a rapidly rising rate environment and a controversial upcoming mid-term election, we remain encouraged by the performance and resilience of the North Texas market. Despite the sense that a deeper economic slow-down is inevitable, we have yet to see any deterioration in our loan portfolio. Further, we continue to see good loan demand both from our existing customer base as well as new opportunities with quality prospects."

Matt R. Opitz further commented, "While the rising rate environment has certainly helped to increase our interest income, we remain committed to paying as much as we can for deposits instead of as little as we can get away with. Trinity Bank is currently offering a number of deposit products with rates well above most of our local competition."

"Trinity Bank is positioned to perform well in an unsettled economic time with a strong capital base as well as significantly above average profitability and efficiency."

Trinity Bank Third Quarter 2022 Earnings

TRINITY BANK N.A.
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TRINITY BANK N.A.
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TRINITY BANK N.A.
(Unaudited)
(Dollars in thousands, except per share data)

TRINITY BANK N.A.
(Unaudited)
(Dollars in thousands, except per share data)

TRINITY BANK N.A.
(Unaudited)
(Dollars in thousands, except per share data)

TRINITY BANK N.A.
(Unaudited)
(Dollars in thousands, except per share data)

Trinity Bank third quarter 2022 earnings

Trinity Bank, N.A. is a commercial bank that began operations May 28, 2003. For a full financial statement, visit Trinity Bank's website: www.trinitybk.com Regulatory reporting format is also available at www.fdic.gov.

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For information contact:

Richard Burt
Executive Vice President
Trinity Bank
817-763-9966

This Press Release may contain certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 regarding future financial conditions, results of operations and the Bank's business operations. Such forward-looking statements involve risks, uncertainties and assumptions, including, but not limited to, monetary policy and general economic conditions in Texas and the greater Dallas-Fort Worth metropolitan area, the risks of changes in interest rates on the level and composition of deposits, loan demand and the values of loan collateral, securities and interest rate protection agreements, the actions of competitors and customers, the success of the Bank in implementing its strategic plan, the failure of the assumptions underlying the reserves for loan losses and the estimations of values of collateral and various financial assets and liabilities, that the costs of technological changes are more difficult or expensive than anticipated, the effects of regulatory restrictions imposed on banks generally, any changes in fiscal, monetary or regulatory policies and other uncertainties as discussed in the Bank's Registration Statement on Form SB‑1 filed with the Office of the Comptroller of the Currency. Should one or more of these risks or uncertainties materialize, or should these underlying assumptions prove incorrect, actual outcomes may vary materially from outcomes expected or anticipated by the Bank. A forward-looking statement may include a statement of the assumptions or bases underlying the forward‑looking statement. The Bank believes it has chosen these assumptions or bases in good faith and that they are reasonable. However, the Bank cautions you that assumptions or bases almost always vary from actual results, and the differences between assumptions or bases and actual results can be material. The Bank undertakes no obligation to publicly update or otherwise revise any forward‑looking statements, whether as a result of new information, future events or otherwise, unless the securities laws require the Bank to do so.

SOURCE: Trinity Bank N.A.