earnings
confidence high
sentiment neutral
materiality 0.65
Triumph Financial Q3 net income $4.5M ($0.19 EPS); TriumphPay returns to positive EBITDA
Triumph Financial, Inc.
2024-Q3 EPS reported
$0.42
- Net income to common stockholders of $4.5M ($0.19 diluted EPS) vs $0.51 in Q3 2023; revenue growth in Payments segment.
- TriumphPay returned to positive EBITDA margin despite freight recession; expenses under $97M target for Q3.
- LoadPay and Factoring as a Service (FaaS) launched with C.H. Robinson; expected to scale in Q4.
- Year-to-date credit loss expense $14.3M; non-performing assets to total assets at 2.07% vs 1.07% a year ago.
- Total payment volume in Payments segment up 33.1% YoY to $7.09B; network volume decreased 5.7% QoQ.