UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ______________________________________________________________________________ FORM 10-K _____________________________________________________________________________ (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM TO Com ...

Triumph Financial, Inc. (NASDAQ:TFIN) Q4 2023 Earnings Conference Call January 24, 2024 10:30 AM ET Company Participants Luke Wyse - SVP, Finance & IR Aaron Graft - Founder, Vice Chairman, & CEO Brad Voss - EVP & CFO Melissa Forman - President Todd Ritterbusch - President, TBK Bank, SSB Tim Valdez - President Conference Call Participants Joseph Yanchunis - Raymond James Frank Schiraldi - Piper Sandler Gary Tenner - D.A. Davidson Michael Perito - KBW Thomas Wendler - Stephens Luke Wyse Good morning. It's 9:3 ...

Triumph Financial, Inc. (NASDAQ:TFIN) Q3 2023 Earnings Conference Call October 20, 2023 10:30 AM ET Company Participants Luke Wyse - Senior Vice President, Finance and Investor Relations Aaron Graft - Founder, Vice Chairman, and Chief Executive Officer Melissa Forman - President Todd Ritterbusch - President,TBK Bank, SSB Tim Valdez - President Brad Voss - Executive Vice President and Chief Financial Officer Conference Call Participants Michael Perito - KBW Thomas Wendler - Stephens Gary Tenner - D.A. Davids ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ___________________________________________________________ FORM 10-Q ___________________________________________________________ ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _______ to _______ Commissi ...

Financial Data and Key Metrics Changes - The company reported a revenue run rate of just under $43 million, up from $38 million at the end of the last quarter, indicating a significant increase in annualized revenue [24][54]. - Earnings were impacted by a freight recession and rising funding costs, leading to a decrease in earnings compared to prior periods [4][14]. Business Line Data and Key Metrics Changes - The Payments segment demonstrated profitable growth despite a challenging market environment, with expectations to capitalize on future market improvements [5][14]. - The Corporate segment expenses increased noticeably, attributed to support functions such as technology, finance, and human resources [27]. Market Data and Key Metrics Changes - The freight market is currently experiencing a recession, with rates approximately 17% below breakeven for many carriers [85]. - The company has seen a decrease in freight under management from $37 billion to $35 billion, despite a 6% increase in transaction volume [83]. Company Strategy and Development Direction - The company aims to position TriumphPay as the payments network for trucking, focusing on supply chain financing as a key growth area [14][17]. - There is a strategy to partner with and invest in technology companies to enhance competitive capabilities against legacy players [49][50]. Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about future growth, stating that the current freight recession will not last indefinitely and that they are prepared to support clients through this period [86]. - The company is focused on maintaining a strong capital position to navigate uncertainties and pursue growth opportunities [160]. Other Important Information - The company has a significant amount of payment volume expected to come online, estimated at roughly $9 billion in the next few quarters [40]. - The management highlighted the importance of data and technology in enhancing operational efficiency and customer value [57][82]. Q&A Session Summary Question: Can you discuss the term of broker deposits and funding profile? - Management indicated that broker deposits generally have terms ranging from one month to a year, and the company is leveraging its own deposits for supply chain financing [19][20]. Question: What is the expected payment and audit volume from new customer wins? - The company expects a significant increase in payment volume from new customer wins, with a current revenue run rate of just under $43 million [24][40]. Question: Can you provide insights on the increase in Corporate segment expenses? - The increase in Corporate segment expenses is due to support functions for the enterprise, including executive team and technology costs [27]. Question: What are the long-term impacts of adding Highway and Trax? - Management believes that these investments will enhance the network's capabilities and generate significant data and float over time [50][51]. Question: How is the company managing its equipment finance portfolio amid the freight recession? - The company is requiring down payments to maintain safe long-term loan values and is working with long-term relationships to manage credit performance [157][159]. Question: What is the company's approach to share buybacks? - The company maintains a consistent appetite for buybacks, evaluating opportunities based on long-term value creation and capital needs [141][169].

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ___________________________________________________________ FORM 10-Q ___________________________________________________________ ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _______ to _______ Commission Fi ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ___________________________________________________________ FORM 10-Q ___________________________________________________________ ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _______ to _______ Commission F ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ______________________________________________________________________________ FORM 10-K _____________________________________________________________________________ (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM TO Com ...

Triumph Bancorp, Inc. (TBK) Q3 2022 Results Earnings Conference Call October 20, 2022 8:00 AM ET Company Participants Aaron Graft - Founder, Vice Chairman, and Chief Executive Officer Melissa Forman - President, TriumphPay Geoff Brenner - Chief Executive Officer, Triumph Business Capital Brad Voss - Executive Vice President and Chief Financial Officer Conference Call Participants Matt Olney - Stephens, Inc. Gary Tenner - D.A. Davidson & Co. Brad Milsaps - Piper Sandler & Co. Joseph Yanchunis - Raymond James ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ___________________________________________________________ FORM 10-Q ___________________________________________________________ ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 (I.R.S. Employer Identification No.) 12700 Park Central Drive, Suite 1700 Dallas, Texas 75251 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transitio ...