---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-23-012928"
form_type: "8-K"
ticker: "TFIN"
cik: "0001539638"
company_name: "Triumph Financial, Inc."
filed_at: "2023-04-25T23:59:59+00:00"
generated_at: "2026-06-16T16:13:08.398998+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Triumph Financial Q1 net income $10.2M ($0.43 EPS); factoring revenue down on freight recession

## Summary
- Net income to common stockholders $10.2M ($0.43 diluted EPS), down from $23.5M ($0.93) in Q1 2022.
- Factoring purchased volume fell 27.6% YoY to $2.93B; average invoice size dropped 20.4% to $1,911.
- TriumphPay payment volume $5.03B (-9.8% QoQ); network transaction volume up 1.5% despite market headwinds.
- Added $500M FHLB advances in March for liquidity; total available liquidity over $1.5B.
- Past-due factoring receivables improved $32M QoQ; enterprise past-due ratio fell to 1.67% from 2.53%.

## SEC filing metadata
- accession: 0001628280-23-012928
- form_type: 8-K
- ticker: TFIN
- cik: 0001539638
- company_name: Triumph Financial, Inc.
- filed_at: 2023-04-25T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1539638/000162828023012928/0001628280-23-012928-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1539638/000162828023012928/tfin-20230425.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-23-012928
- JSON: https://secwatch.observer/filing/0001628280-23-012928.json
- Plain text: https://secwatch.observer/filing/0001628280-23-012928.txt

## Key facts
- Earnings Releases
  Triumph Financial, Inc. reported the quarter ended March 31, 2023 results: net income $10.2 million, EPS $0.43 per diluted share.
  - Period: the quarter ended March 31, 2023
  - Net income: $10.2 million
  - EPS: $0.43 per diluted share
  - Result: reported results
  source text: For the first quarter, we earned net income to common stockholders of $10.2 million, or $0.43 per diluted share.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1539638/000162828023012928/0001628280-23-012928-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.