Triumph Financial, Inc. (TFIN)
Summary
TFIN Chart
Triumph Financial, Inc. (TFIN) Q2 2024 Earnings Call Transcript
Triumph Financial, Inc. (NASDAQ:TFIN ) Q2 2024 Earnings Conference Call July 18, 2024 10:00 AM ET Company Participants Luke Wyse - Senior Vice President, Head of Investor Relations Aaron Graft - Founder, Vice Chairman and Chief Executive Officer Melissa Forman - President, TriumphPay Tim Valdez - President, Factoring Division Conference Call Participants Tim Switzer - KBW Gary Tenner - D.A. Davidson Jordan Ghent - Stephens Hal Goetsch - B.
Triumph Financial (TFIN) Q2 Earnings: How Key Metrics Compare to Wall Street Estimates
While the top- and bottom-line numbers for Triumph Financial (TFIN) give a sense of how the business performed in the quarter ended June 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Triumph Financial (TFIN) Misses Q2 Earnings Estimates
Triumph Financial (TFIN) came out with quarterly earnings of $0.08 per share, missing the Zacks Consensus Estimate of $0.21 per share. This compares to earnings of $0.29 per share a year ago.
Triumph Financial, Inc. Investors
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
| CE Curtis Ellergodt Rothschild Investment LLC | 41 | $2,784.83 | $3,262.57 | $477.74 | 17.16% |
| SN Stephanie Nee HARBOR CAPITAL ADVISORS Inc. | 84 | $5,571.26 | $6,688.08 | $1,116.82 | 20.05% |
| BG Bart Gancher Intech Investment Management LLC | 4,739 | $305,307.12 | $375,210.32 | $69,903.2 | 22.9% |
 Christian Leone Luxor Capital Group LP | 232,299 | $16.14M | $18.39M | $2.25M | 13.97% |
 Blake Harper Orchard Capital Management LLC | 34,821 | $1.92M | $2.76M | $839,896.23 | 43.78% |
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Triumph Financial, Inc. Profile
| Banks Industry | Financials Sector | Aaron Graft CEO | NASDAQ (NGS) Exchange | 89679E300 CUSIP |
| US Country | 1,443 Employees | 12 Mar 2021 Last Dividend | - Last Split | 18 Jun 2020 IPO Date |
Overview
Triumph Financial, Inc., a prominent financial holding company in the United States, specializes in delivering a wide array of payments, factoring, and banking services. It operates through three main segments: Banking, Factoring, and Payments. Initially known as Triumph Bancorp, Inc., the company underwent a name change to Triumph Financial Inc. in December 2022, marking a new phase in its evolution. Founded in 2003, Triumph Financial Inc. has established its headquarters in Dallas, Texas, from where it oversees a diverse portfolio of financial services designed to meet the nuanced needs of its clients across the country.
Products and Services
Triumph Financial Inc. offers a comprehensive suite of financial products and services, catering to both individual and corporate clients:
- Deposit Products: This category includes checking accounts, savings accounts, money market accounts, and certificates of deposit. These products are designed to provide secure options for depositing and saving money, each tailored to meet different financial goals and preferences.
- Loan Products: Triumph Financial Inc. provides a vast array of loan options, including but not limited to:
- Commercial Real Estate Loans
- Land Loans
- Commercial Construction and Land Development Loans
- Residential Real Estate Loans
- Commercial Agriculture Loans
- Consumer Loans
- Commercial and Industrial Loans
- Equipment Loans
- Asset-Based Loans
- Business Loans for working capital and operational purposes
- Liquid Credit Loans
- Electronic Banking Services: Triumph offers electronic banking services that facilitate easy and efficient management of finances online, including online bill payments, account management, and transfers.
- Debit Cards: As part of its banking services, the company issues debit cards, providing clients with convenient access to their funds for purchases and ATM withdrawals.
- Insurance Brokerage Services: Triumph Financial Inc. also engages in insurance brokerage, offering various insurance options to protect clients and their assets.
- Mortgage Warehouse Facilities: The company provides warehouse facilities for mortgage lenders, supporting their operations with tailored financial solutions.
- Transportation Factoring Services: Specializing in the transportation sector, Triumph offers factoring services to over-the-road trucking companies, helping them streamline cash flow and manage receivables.
- TriumphPay Platform: A cornerstone of its Payments services segment, TriumphPay is a proprietary payments network developed by Triumph Financial Inc. to serve the trucking industry, enabling seamless transactions between carriers, brokers, and factors.
