Triumph Financial Q4 net income $8.8M ($0.37 EPS); TriumphPay turns EBITDA-positive

Triumph Financial, Inc.

2023-FY EPS reported $1.61

Net income to common stockholders of $8.8M, down from $16.8M in Q4 2022; diluted EPS $0.37 vs $0.67.
TriumphPay achieved positive EBITDA for first time, one year ahead of schedule, despite freight recession.
Introduced LoadPay wallet app for truckers, launching mid-2024, leveraging bank and network distribution.
Credit noise: charge-offs 13 bps, $3.8M loss on liquid credit loan, increased reserves on equipment finance.
Coyote Logistics (#3 broker) added to TriumphPay network; network payment volume up 145.6% YoY.

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 December 31, 2023 results: net income net income to common stockholders of $8.8 million, EPS $0.37 per diluted share.

Period: the quarter ended December 31, 2023
Net income: net income to common stockholders of $8.8 million
EPS: $0.37 per diluted share
Result: reported results

Exact text from the filing

On January 23, 2024, Triumph Financial, Inc. (the “Company”) announced its financial results for the quarter ended December 31, 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 0001628280-24-001945

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