---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-23-025233"
form_type: "8-K"
ticker: "TFIN"
cik: "0001539638"
company_name: "Triumph Financial, Inc."
filed_at: "2023-07-20T23:59:59+00:00"
generated_at: "2026-06-13T05:35:25.172234+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001628280-23-025233
- form_type: 8-K
- ticker: TFIN
- cik: 0001539638
- company_name: Triumph Financial, Inc.
- filed_at: 2023-07-20T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1539638/000162828023025233/0001628280-23-025233-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1539638/000162828023025233/tfin-20230720.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-23-025233
- JSON: https://secwatch.observer/filing/0001628280-23-025233.json
- Plain text: https://secwatch.observer/filing/0001628280-23-025233.txt

## Key facts
- Earnings Releases
  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
  source text: For the second quarter, we earned net income to common stockholders of $6.8 million, or $0.29 per diluted share.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1539638/000162828023025233/0001628280-23-025233-index.htm

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