Triumph Financial Q2 net income $6.8M ($0.29/sh), down from $1.74 YoY; freight recession impacts

Triumph Financial, Inc.

2023-Q2 EPS reported $0.72

Net income to common stockholders $6.8M, diluted EPS $0.29 vs $43.4M, $1.74 in Q2 2022.
Factoring purchased volume $2.73B (-6.6% Q/Q, -32.1% YoY); active client count down 21.3% YoY.
Payments revenue grew 17.6% Q/Q; EBITDA margin improved to -55%, ahead of year-end target of -40% to -60%.
Banking segment income up 3% Q/Q; core deposits down ~$100M; total deposits up $254M driven by brokered CDs.
TriumphPay expects EBITDA breakeven by end of 2024; company sticks to plan amid freight recession.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Triumph Financial, Inc. reported the quarter ended June 30, 2023 results: net income $6.8 million, EPS $0.29 per diluted share.

Period: the quarter ended June 30, 2023
Net income: $6.8 million
EPS: $0.29 per diluted share
Result: reported results

Exact text from the filing

For the second quarter, we earned net income to common stockholders of $6.8 million, or $0.29 per diluted share.

View on SEC.gov

Browse all earnings releases →

Triumph Financial, Inc. filing history →

Source: SEC EDGAR

accession 0001628280-23-025233

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.