Triumph Financial(US:TFIN)2019-10-17 17:14Financial Performance - Triumph Bancorp's diluted earnings per share for Q3 2019 were $0.56[22] - Total loans held for investment portfolio grew by $373.5 million, a 9.7% increase[22, 23] - Deposit growth reached $38.9 million, representing a 1.1% increase, with non-interest bearing demand deposits growing by $14.3 million[22] - The net interest margin (NIM) was 5.85% in Q3 2019[24] - The company repurchased 850,093 shares of common stock at an average price of $29.38, totaling $25.0 million[25] Loan Portfolio - Total loans amounted to $4.2 billion[8] - Community banking loans accounted for 53% of the total portfolio, totaling $2,211.2 million[33] - Commercial finance loans represented 30% of the portfolio, amounting to $1,276.1 million[33] - National lending comprised 17% of the total loans, with a value of $729.6 million[33] Triumph Business Capital Factoring - Triumph Business Capital's client portfolio mix is primarily transportation (83%) with the remaining 17% in non-transportation[44] - The factoring yield in the current quarter was 18.23%[45] - The average annual charge-off rate for Triumph Business Capital factoring over the past 3 years was 0.36%[45] Transportation Finance - The company estimates that it purchases approximately 10% of the available invoices from its ~$60 billion target market[54]