DALLAS, July 03, 2025 (GLOBE NEWSWIRE) -- Triumph Financial, Inc. (Nasdaq: TFIN) today announced that it expects to release its second quarter financial results and management commentary after the market closes on Wednesday, July 16, 2025. Upon filing, the financial results and commentary will be available on the Company’s IR website at ir.triumph.io. Aaron P. Graft, Vice Chairman and CEO, and Brad Voss, CFO, will review the financial results in a conference call with investors and analysts beginning at 9:3 ...

Core Insights - Triumph Financial, Inc. has completed the acquisition of Greenscreens.ai, aiming to enhance transportation intelligence and empower data owners with more control and choice [1][5] - Greenscreens.ai is recognized as a disruptor in the freight technology market, utilizing dynamic pricing infrastructure to improve real-time pricing decisions through high-quality data and machine learning [2][7] Company Strategy - The acquisition is intended to transform pricing strategies within the freight industry, providing an alternative to existing bundled solutions that limit customer choice [3] - Triumph plans to leverage its extensive network data to offer best-in-class intelligence solutions, facilitating transparent rate discovery and optimized RFP bid strategies [3] Leadership and Integration - Dawn Salvucci-Favier, CEO of Greenscreens.ai, has been appointed as President of Triumph's Intelligence segment, tasked with integrating Greenscreens.ai into Triumph's offerings [4] - The integration aims to enhance the delivery of transparent, customizable, and actionable intelligence to customers, meeting the industry's demand for credible alternatives [5] Financial Details - Triumph acquired Greenscreens.ai for a total consideration of $140 million in cash and 256,984 shares of TFIN common stock [5]

Financial Data and Key Metrics Changes - The headline earnings number reflects the challenges in the transportation market, but almost every metric reported improved in the transportation businesses, particularly in the Payments segment [5][6] - Revenue from transportation businesses is currently at $206 million, which must increase materially by year-end to sustain current investment levels [29] Business Line Data and Key Metrics Changes - The Payments segment showed significant improvement in key performance indicators (KPIs), indicating potential for revenue growth from existing clients [14][17] - The factoring segment generated $144 million in revenue, which is considered low, but there is an expectation for it to at least double as more clients are onboarded [40] Market Data and Key Metrics Changes - The company is experiencing strong headwinds in the freight market, but there are opportunities arising from large trucking companies returning to the factoring market due to difficulties in maintaining covenants [16] - The second quarter is expected to have significant noise due to potential closings and other factors, with clearer revenue visibility anticipated in the latter half of the year [18] Company Strategy and Development Direction - The company is focused on growing revenue profitably despite market conditions, emphasizing the importance of investments made to create durable value [6][7] - There is a strategic emphasis on monetizing the Payments segment and upgrading legacy contracts to capture additional revenue [58][60] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in improving credit quality and expects that credit will not be a significant concern in the latter half of the year, focusing instead on revenue growth [75] - The company acknowledges the economic uncertainties but believes it is well-positioned to navigate these challenges due to its understanding of its portfolio [70][74] Other Important Information - The company is in the process of closing the Green Screens acquisition, which is expected to enhance its data monetization capabilities [44][47] - Management believes that investing in Green Screens will deliver more long-term shareholder value than share buybacks at current prices [49] Q&A Session Summary Question: Revenue outlook and growth opportunities - Management discussed potential revenue growth from Load Pay and Green Screens, indicating that existing clients are expected to contribute to revenue growth as they upgrade services [12][17] Question: Conforming invoice volume and fee growth - Management clarified that fee growth in the Payments segment can occur independently of conforming invoice volume, as fees are charged based on the services provided [20][22] Question: Revenue split between first and second half of the year - Management indicated that the bulk of revenue growth is expected to come from payments and factoring, with a significant increase needed by year-end [29][30] Question: Financial opportunity from next-gen audit migration - Management stated that the next-gen audit migration is still in early stages, with significant opportunities expected to be captured over the next year [33] Question: Credit metrics and economic uncertainty - Management expressed optimism about credit quality improvements, noting that they have been proactive in addressing credit stress in their portfolio [68][70]

Financial Data and Key Metrics Changes - The headline earnings number reflects the challenges in the transportation market, but almost every metric reported improved in the transportation businesses, particularly in the Payments segment [5][6] - Revenue from transportation businesses is currently at $206 million, which needs to increase materially by the end of the year to sustain current investment levels [29] Business Line Data and Key Metrics Changes - The Payments segment showed significant improvement in key performance indicators (KPIs), indicating potential for revenue growth from existing customers [14][17] - The factoring segment generated $144 million in revenue during a low quarter, with expectations to at least double this revenue as more clients are onboarded [40] Market Data and Key Metrics Changes - The company is experiencing headwinds in the transportation market, but there are opportunities arising from large trucking companies returning to the factoring market due to financial pressures [16] - The uncertainty around tariffs is seen as a potential opportunity for growth in the factoring business [16] Company Strategy and Development Direction - The company aims to grow revenue profitably despite market conditions, emphasizing the importance of investments made to create durable value [6][7] - There is a strategic focus on monetizing the Payments segment and upgrading legacy contracts to capture additional revenue [58][60] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in improving credit quality and expects that credit will not be a significant concern in the latter half of the year [75] - The company is prepared for potential economic challenges, including tariffs and a deeper recession, but believes it has less exposure to the most affected sectors [70][72] Other Important Information - The integration of Green Screens is anticipated to provide significant financial benefits, although specific details are not yet available [44][47] - The company is prioritizing the delivery of its intelligence products, which are expected to meet a significant market demand [46][49] Q&A Session Summary Question: Revenue outlook and growth opportunities - Management discussed potential revenue growth from Load Pay and Green Screens, emphasizing the importance of existing customer relationships and the need to grow revenue throughout the year [12][17] Question: Conforming invoice volume and fee growth - Management clarified that fee growth in the Payments segment can occur independently of conforming invoice volume, indicating successful monetization strategies [20][22] Question: Revenue split between first and second half of the year - Management indicated that the bulk of revenue growth is expected to come from payments and factoring, with a significant increase needed by year-end [29][30] Question: Financial opportunity from next-gen audit migration - Management stated that the migration to next-gen audit is still in early stages, with significant opportunities expected to be captured over the next year [33] Question: Credit metrics and economic uncertainty - Management expressed optimism about credit quality improvements, citing past efforts and a thorough understanding of the loan portfolio [68][75]

Financial Performance - For the three months ended March 31, 2025, the company incurred a net loss of $0.8 million, or $(0.03) per diluted share, compared to a net income of $3.4 million, or $0.14 per diluted share for the same period in 2024[209]. - Net income for the three months ended March 31, 2025, was $17 thousand, a decrease of $4.2 million or 99.6% compared to $4.2 million for the same period in 2024[230]. - The effective tax rate for the three months ended March 31, 2025, was 76%, compared to 13% for the same period in 2024, influenced by the small pre-tax income figures[257]. - The company reported a net income before income tax expense of $70 for Q1 2025, a decrease from $4,767 in Q1 2024[266]. Assets and Liabilities - As of March 31, 2025, the company had consolidated total assets of $6.268 billion, total loans held for investment of $4.666 billion, and total deposits of $4.977 billion[200]. - Total assets increased to $6.27 billion from $5.95 billion, reflecting a growth of approximately 5.4%[226]. - The company's total liabilities increased by $316.4 million to $5.374 billion as of March 31, 2025, compared to $5.058 billion at December 31, 2024[330]. - Total deposits rose by $155.9 million or 3.2% to $4.976 billion as of March 31, 2025, primarily driven by increases in noninterest bearing demand deposits and brokered time deposits[331]. Loans and Credit Quality - Total loans held for investment increased by $119.3 million during the three months ended March 31, 2025, with Banking loans decreasing by 0.8% and Factoring receivables increasing by 11.0%[210]. - The average balance of Factoring factored receivables increased by $118.1 million, or 12.5%, contributing to the overall loan growth[238]. - The allowance for credit losses (ACL) on loans decreased by $4.5 million, or 11.0%, to $36.2 million at March 31, 2025, from $40.7 million at December 31, 2024[324]. - Nonperforming loans decreased by $16.6 million, or 14.7%, from December 31, 2024, to March 31, 2025, with total nonperforming loans at $96.7 million[313]. Income and Expenses - Interest income increased slightly to $102.27 million, up 0.3% from $101.95 million in the prior year[231]. - Net interest income decreased by 1.9% to $84.38 million from $86.04 million year-over-year[231]. - Noninterest income rose by 14.6% to $17.19 million compared to $15.00 million in the previous year[231]. - Total noninterest expense rose by $9.8 million, or 10.8%, to $100.17 million for the three months ended March 31, 2025, with notable increases in salaries and employee benefits, and professional fees[255]. Segment Performance - The Payments segment processed 7.2 million invoices, paying Carriers a total of $8.778 billion during the three months ended March 31, 2025, compared to 5.7 million invoices for $6.380 billion in the same period a year ago[214]. - The company’s Factoring segment generated 30% of total segment revenue for the three months ended March 31, 2025, while the Banking segment generated 60%[208]. - Total revenue for the Payments segment increased to $15.184 million in Q1 2025, up 15.7% from $13.126 million in Q1 2024[284]. - Noninterest income in the Banking segment increased by $0.5 million, or 8.1%, from $6.476 million in Q1 2024 to $7.003 million in Q1 2025[274]. Strategic Initiatives - The company announced the acquisition of GreenScreens AI, Inc. for $140 million in cash and approximately $20 million in common stock, expected to close in Q2 2025[215]. - The company plans to focus on technology initiatives to enhance efficiency and customer experience, including the integration of artificial intelligence[223]. - The company plans to focus on expanding its Payments and Intelligence segments in the upcoming quarters[265]. Market Conditions - The softness in freight markets has led to persistently low invoice prices, impacting revenue in the Factoring segment and increasing delinquencies in equipment finance[222]. - The company continues to forecast minimal change in national unemployment and some degradation in national retail sales and home price index over the next quarters[322]. Risk Management - The liquidity management process includes regular stress testing of the balance sheet to withstand unexpected liquidity shocks[346]. - The company emphasizes the origination of shorter duration and variable rate loans to mitigate exposure to interest rate increases[367].

Financial Performance - The company reported a net loss of $(0.8) million, or $(0.03) per diluted share, for Q1 2025, impacted by non-core expenses of nearly $3.0 million[1] - Revenue for the quarter was $15.18 million, reflecting a slight increase from $15.03 million in the previous quarter[25] - Net income available to common stockholders was $(784) thousand for the quarter ended March 31, 2025, a decrease from $3,036 thousand in the previous quarter[74] - The company reported a net income of $17 thousand for the three months ended March 31, 2025, a significant decrease from $3,838 thousand in the previous quarter[76] - For the three months ended March 31, 2025, the company reported a net loss of $784,000, resulting in a basic and diluted earnings per share of $(0.03) compared to $0.13 in the previous quarter[77] Revenue Segments - The factoring segment generates about $144 million in annualized revenue, with expectations to double this revenue as market conditions normalize[12] - The payments segment currently generates about $61 million in annualized revenue, with an EBITDA margin of (0.1)%, affected by non-core expenses of $1.1 million[16] - Total revenue for the Payments segment reached $15,184,000 for the quarter ended March 31, 2025, compared to $15,031,000 in the previous quarter, reflecting a slight increase of 1.0%[86] - Factoring total revenue for the three months ended March 31, 2025, was $35,961,000, down from $38,212,000 in the previous quarter, a decrease of about 5.3%[84] Growth Metrics - Network transactions increased by 26.8%, driven by integrations with major freight brokers, indicating strong growth in the core transaction[7] - The company is approximately 21% of the way to its long-term revenue goal of $1 billion in transportation revenue, with current annualized transportation revenues at about $206 million[7] - LoadPay accounts grew from 192 to 778 during the quarter, with expectations to reach between 5,000 and 10,000 accounts by year-end[37] - The company generated a revenue run rate of $60.7 million, with a compound annual growth rate (CAGR) of 35.6% over the last two years[32] Market Conditions - Contract rates decreased by 7% while spot rates declined by 5% in Q1 2025, reflecting a challenging market environment[20] - Payment volume increased by 15.1% quarter-over-quarter to $8.78 billion, and 37.6% year-over-year[25] - The average invoice price rose to $1,222, an 8.8% increase from the previous quarter[25] - Average daily purchases increased by 13.2% year-over-year to $44.39 million, up from $39.20 million[39] Operational Efficiency - The company aims to unify its brand to streamline customer engagement and eliminate confusion among its various service offerings[11] - EBITDA margin was impacted by non-core expenses, showing a decrease of 7.2% in the first quarter[34] - Total noninterest expense increased to $100,173 thousand for the three months ended March 31, 2025, up from $93,275 thousand in the previous quarter, marking an increase of 7.6%[76] - The net noninterest expense to average assets ratio was 5.61% in Q1 2025, compared to 5.17% in Q4 2024, suggesting a deterioration in cost efficiency[91] Credit Quality - Credit loss expenses decreased by $3.1 million, indicating improvement in credit metrics[66] - The current quarter charge-off rate was 0.11%, a decrease from 0.26% in the previous quarter, indicating improved credit quality[84] - Nonperforming loans to total loans improved by 42 basis points, and classified assets decreased by $61 million[66] - The allowance for credit losses decreased to $(36,229) thousand as of March 31, 2025, compared to $(40,714) thousand at December 31, 2024, indicating an improvement in credit quality[75] Asset Management - Total assets increased to $6,268,394 thousand as of March 31, 2025, up from $5,948,975 thousand at December 31, 2024, representing a growth of 5.4%[74] - Loans held for investment rose to $4,666,223 thousand, compared to $4,546,960 thousand at the end of 2024, marking an increase of 2.6%[74] - Total deposits rose to $4,976,750 thousand, an increase of 3.2% from $4,820,820 thousand at December 31, 2024[75] - Average total loans increased to $4,471,710 thousand in Q1 2025, up from $4,403,989 thousand in Q4 2024, representing a growth of 1.5%[90]

Financial Results - Triumph Financial, Inc. has released its first quarter 2025 financial results [1] - The financial results and shareholder letter are available on the Company's website [1] Conference Call - A conference call to review the financial results will be held on April 17, 2025, at 9:30 a.m. central time [1] - Investors can access the live video conference through a provided link or by dialing a specific phone number [2] Company Overview - Triumph Financial, Inc. is a financial holding company focused on payments, factoring, intelligence, and banking [3] - The company is headquartered in Dallas, Texas, and has a diversified portfolio of brands including TriumphPay, Triumph, TBK Bank, and LoadPay [3]

Group 1 - Triumph Financial, Inc. (Nasdaq: TFIN) will release its first quarter financial results and management commentary on April 16, 2025, after market close [1] - A conference call to review the financial results will take place on April 17, 2025, at 9:30 a.m. central time, led by Vice Chairman and CEO Aaron P. Graft and CFO Brad Voss [2] - The conference call will be accessible via a live video link and a dial-in option, with an archive available on the company's website afterward [3] Group 2 - Triumph Financial, Inc. is a financial holding company based in Dallas, Texas, focusing on payments, factoring, intelligence, and banking, with a diversified portfolio including TriumphPay, Triumph, TBK Bank, and LoadPay [4]

Core Insights - Triumph Financial, Inc. has announced key leadership appointments aimed at strengthening its organizational structure for long-term growth and innovation in the transportation and financial services industry [1][5]. Leadership Appointments - Kim Fisk has been appointed president of factoring, succeeding Tim Valdez, who will now serve as chairman of the factoring segment, providing strategic oversight [2]. - Todd Ritterbusch has expanded his role to president of payments and banking, bringing over 25 years of banking experience to lead these segments [3]. - David Vielehr has been named president of LoadPay, Triumph Financial's digital banking platform for the trucking industry, leveraging his extensive experience in financial technology [4]. Strategic Vision - The leadership changes reflect Triumph Financial's commitment to operational excellence and strategic growth, enhancing customer value and accelerating innovation in the transportation industry [5]. - The company aims to align its business segments effectively to deliver impactful solutions to its customers and shareholders [5]. Company Overview - Triumph Financial, Inc. is a financial holding company focused on payments, factoring, intelligence, and banking, with a diversified portfolio that includes TriumphPay, Triumph, TBK Bank, and LoadPay [6].

Core Viewpoint - Triumph Financial, Inc. has nominated Melissa McSherry for election to its Board of Directors, bringing extensive experience in financial services and technology to the company [1][4]. Company Overview - Triumph Financial, Inc. is a financial holding company focused on payments, factoring, intelligence, and banking, headquartered in Dallas, Texas [6]. Leadership and Experience - Melissa McSherry has 30 years of experience in financial services, artificial intelligence, big data, and software development, with a strong track record in revenue growth and strategic transformations [1][2]. - McSherry has held leadership roles at Anywhere Real Estate, Visa, and Capital One, contributing to business growth, technology innovation, and regulatory oversight [2][3]. Strategic Contributions - As COO at Anywhere Real Estate, McSherry led product development and technology innovations, enhancing customer experience and efficiency [3]. - At Visa, she drove over 20% annual revenue growth through advanced AI in fraud prevention [3]. - At Capital One, she played a key role in the acquisition of HSBC's U.S. credit card business and led machine learning initiatives for credit scoring [3]. Board's Perspective - The chairman of Triumph Financial emphasized that McSherry's experience in financial services and technology will be crucial for the company's evolution in the freight industry [3]. - The CEO highlighted her ability to drive innovation and large-scale business transformations, which aligns with Triumph's goals of broadening product offerings and delivering value through data insights [4]. Future Outlook - McSherry expressed enthusiasm for joining Triumph Financial, aligning her passion for data-driven strategies with the company's commitment to innovation in financial technology [4]. - The appointment of McSherry is part of Triumph Financial's strategy to strengthen its leadership team with industry experts focused on innovation and long-term growth [5].