Triumph Financial Q3 net income $12M, EPS $0.51; TriumphPay revenue up 17%, EBITDA margin improves to -15%

Triumph Financial, Inc.

2023-Q3 EPS reported $1.23

Net income to common stockholders $12.0M ($0.51 diluted EPS) vs $15.4M in Q3 2022, down 22% YoY.
TriumphPay revenue grew 16.7% QoQ; EBITDA margin improved to (15)% from (55)% in Q2.
TriumphPay invoice volume up 11.3% QoQ, network transactions up 66.7%; annualized payment volume $21.3B.
Factoring purchased volume fell 4.6% QoQ; average invoice size $1,772, down $301 YoY.
Management expects freight market to worsen before improving; reaffirms TriumphPay EBITDA-positive goal by end of 2024.

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 financial results for the quarter ended September 30, 2023.

Period: the quarter ended September 30, 2023
Result: reported results

Exact text from the filing

On October 19, 2023, Triumph Financial, Inc. (the “Company”) announced its financial results for the quarter ended September 30, 2023 in its letter to shareholders attached hereto as Exhibit 99.1.

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Triumph Financial, Inc. filing history →

Source: SEC EDGAR

accession 0001628280-23-034695

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