---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-23-034695"
form_type: "8-K"
ticker: "TFIN"
cik: "0001539638"
company_name: "Triumph Financial, Inc."
filed_at: "2023-10-19T23:59:59+00:00"
generated_at: "2026-06-09T20:45:03.998498+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001628280-23-034695
- form_type: 8-K
- ticker: TFIN
- cik: 0001539638
- company_name: Triumph Financial, Inc.
- filed_at: 2023-10-19T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- 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/1539638/000162828023034695/0001628280-23-034695-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1539638/000162828023034695/tfin-20231019.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-23-034695
- JSON: https://secwatch.observer/filing/0001628280-23-034695.json
- Plain text: https://secwatch.observer/filing/0001628280-23-034695.txt

## Key facts
- Earnings Releases
  Triumph Financial, Inc. reported financial results for the quarter ended September 30, 2023.
  - Period: the quarter ended September 30, 2023
  - Result: reported results
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1539638/000162828023034695/0001628280-23-034695-index.htm

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