Dividends, growth and stability: the Texas bank that's building the future
The Tyler, Texas-based financial institution, founded in 1960, has established itself as a steady player in the regional banking market for more than six decades. With more than 50 branches throughout Texas, it offers a wide range of financial services, including consumer and commercial lending, mortgages and wealth management. As of September 30, 2024, its assets reached over $8.36 billion and earnings per share grew 13.3% year-over-year. The company is known for its stability and regular dividend payments. In 2024, it paid a quarterly dividend of $0.36 per share, which at the current share price of $32.26 implies a dividend yield of 4.4%.
In addition to its strong financial background, the institution is actively involved in local community development. In 2024, for example, the company's employees partnered with Trinity Habitat for Humanity to build homes for the needy. Despite a slight slowdown in loan growth and a change in leadership with the departure of a board member, the…