other material
confidence high
sentiment positive
materiality 0.55
Triumph Financial enters $70M accelerated share repurchase agreement
Triumph Financial, Inc.
- ASR agreement on Feb 1, 2023 to repurchase $70M of common stock.
- Initial delivery of ~80% of expected shares; final based on VWAP during term.
- Part of $100M repurchase plan announced in Q4 2022, with board authorization.
- Transaction expected to complete in Q2 2023.