Wall Street expects a year-over-year decline in earnings on higher revenues when Triumph Financial (TFIN) reports results for the quarter ended June 2024. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates. The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on July 17. ...

Triumph Financial, Inc. (NASDAQ:TFIN) is a financial holding company focused on payments, factoring and banking. Headquartered in Dallas, Texas, its diversified portfolio of brands includes TriumphPay, Triumph and TBK Bank. www.tfin.com DALLAS, May 31, 2024 (GLOBE NEWSWIRE) -- Triumph Financial, Inc. (the "Company") (NASDAQ:TFIN) today announced that the Company's Board of Directors declared a quarterly cash dividend of $17.81 per share on its 7.125% Series C Fixed-Rate Non-Cumulative Perpetual Preferred St ...

Financial Data and Key Metrics Changes - The company's earnings were reported to be weaker than historically, with expectations of continued pressure due to the ongoing freight recession [4] - There was credit noise in the quarter, but the company is proactively managing through it [4] - TriumphPay achieved $1 billion in transactions during the weakest quarter in freight history, marking a 40% growth over prior quarters [8] Business Line Data and Key Metrics Changes - TriumphPay's network transactions increased significantly, with over 600,000 transactions in the current quarter, representing 16% of total payment volume [56] - The company has a pipeline of $5 billion to $10 billion in additional volume expected to be added, which includes both audit and payment volume [17][34] Market Data and Key Metrics Changes - The freight market is experiencing significant headwinds, with a noted historic length of the current slowdown [30] - The average invoice amount for carriers has decreased from $2,500 to $1,800, indicating a low-double-digit decline in overall volume [30] Company Strategy and Development Direction - The company is focused on long-term growth opportunities, particularly in expanding TriumphPay's market share and enhancing network density [57] - Management emphasized the importance of creating value for customers before monetizing the network, aiming for a sustainable growth model [57][58] Management's Comments on Operating Environment and Future Outlook - Management expressed concerns about the freight recession continuing into 2024, with expectations that a significant amount of capacity needs to leave the system for recovery [67][83] - The company is preparing to ride out the recession and is focused on maintaining a strong capital position to capitalize on future opportunities [82] Other Important Information - The company is not expecting to see a peak in deposit costs in the near term, with upward pressure anticipated as long as market rates remain high [33] - Management highlighted the importance of maintaining strong relationships with clients to navigate the current economic challenges [92] Q&A Session Summary Question: Can you provide insights on the incremental payment volume contracted for TriumphPay? - The company expects to add $5 billion to $10 billion in additional volume, which includes both audit and payment volume [17] Question: What are the long-term EBITDA margins expected for TriumphPay? - Management indicated that EBITDA margins could settle between 50% and 70% as the network matures and scales [27] Question: How is the company addressing the current challenges in the factoring business? - Management acknowledged the significant decline in the factoring business and noted that the current environment is the worst they have seen, but they are managing through it with a focus on maintaining strong relationships [30][82] Question: What is the outlook for the freight market and capacity? - Management believes that approximately 15% or more of capacity needs to leave the system for a recovery to occur, and they do not expect a quick resolution to the current challenges [83]

Debt Securities Debt securities have been classified in the financial statements as available for sale or held to maturity. The following table summarizes the amortized cost, fair value, and allowance for credit losses of debt securities and the corresponding amounts of gross unrealized gains and losses of available for sale securities recognized in accumulated other comprehensive income (loss) and gross unrecognized gains and losses of held to maturity securities: | --- | --- | --- | --- | --- | --- | --- ...

Exhibit 99.1 For the first quarter, we earned net income to common stockholders of $3.4 million, or $0.14 per diluted share. Here are a few of the most important things I believe investors should note. These include both thoughts about the quarter and thoughts about the future. • Earnings headwinds are real, but they are not forever. In our last letter, I addressed the two topics above. I also mentioned that we thought freight would be softer, interest rates would remain high, and credit would thus be affec ...

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].