---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-24-016580"
form_type: "8-K"
ticker: "TFIN"
cik: "0001539638"
company_name: "Triumph Financial, Inc."
filed_at: "2024-04-17T23:59:59+00:00"
generated_at: "2026-06-03T21:39:36.871663+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Q1 net income $3.4M, EPS $0.14; credit costs $6M; TriumphPay EBITDA margin -13%

## Summary
- Net income to common $3.4M, diluted EPS $0.14 vs $0.43 a year ago; net interest income down $5.9M.
- Total credit expense ~$6M, including $2.6M equipment finance bankruptcy and $1.7M reserve for construction loan growth.
- TriumphPay EBITDA margin -13% due to Q1 seasonality and LoadPay investments; revenue up 1.7% QoQ, fee income up 46% YoY.
- Payments network transaction volume up 40.4% QoQ; now touching ~44% of brokered freight, target 50% by end 2024.
- Noninterest expense grew $3M QoQ; Q2 guidance $92-94M. Seasonally weak Q1 factoring volumes down 6%.

## SEC filing metadata
- accession: 0001628280-24-016580
- form_type: 8-K
- ticker: TFIN
- cik: 0001539638
- company_name: Triumph Financial, Inc.
- filed_at: 2024-04-17T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1539638/000162828024016580/0001628280-24-016580-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1539638/000162828024016580/tfin-20240417.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-24-016580
- JSON: https://secwatch.observer/filing/0001628280-24-016580.json
- Plain text: https://secwatch.observer/filing/0001628280-24-016580.txt

## Key facts
- Earnings Releases
  Triumph Financial, Inc. reported financial results for the quarter ended March 31, 2024.
  - Period: the quarter ended March 31, 2024
  - Result: reported results
  source text: On April 17, 2024, Triumph Financial, Inc. (the “Company”) announced its financial results for the quarter ended March 31, 2024 in its letter to shareholders attached hereto as Exhibit 99.1.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1539638/000162828024016580/0001628280-24-016580-index.htm

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