Every material Form 8-K Triumph Bancorp has filed with the SEC since April 17, 2024, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
Triumph Financial reported third-quarter 2026 net income to common stockholders of $12.6 million, or $0.52 per diluted share, in a shareholder letter furnished under Item 2.02. Transportation revenue grew 37.8% year over year, while the letter says credit expense rose and Intelligence revenue growth fell short of expectations.
Net income to common stockholders was $12.6 million, or $0.52 per diluted share; non-recurring items reduced EPS by $0.02.
Factoring revenue was $57.0 million, up 43.6% year over year, with a pretax operating margin of 43.0%.
Payments revenue was $23.5 million, up 27.2% year over year; LoadPay revenue was $0.8 million.
The letter sets a 2027 non-interest expense target below $400 million and gives an illustrative 2027 EPS figure of roughly $3.50, which the company says is not a precise forecast.
Triumph Financial reported second-quarter 2026 net income to common stockholders of $10.6 million, or $0.44 per diluted share, in a shareholder letter furnished with this 8-K. The letter says non-core items reduced EPS by $0.13, mostly tied to ongoing efficiency initiatives, and that Factoring and Payments revenue grew from the prior quarter.
Net income to common stockholders was $10.6 million, or $0.44 per diluted share, for the quarter ended June 30, 2026; non-core items reduced EPS by $0.13.
Factoring pretax operating income was $20.9 million, with revenue up 26.9% from the prior quarter and an operating margin of 39.4%.
Payments total revenue was $22.3 million, up 16.7% from the prior quarter and 29.4% year over year.
Intelligence total revenue was $2.4 million, flat from the prior quarter, with customer churn and lower ARR exiting June cited in the letter.
Triumph Financial reported first-quarter 2026 net income to common stockholders of $5.6 million, or $0.23 per diluted share, in a shareholder letter furnished with an 8-K. Transportation revenue grew 0.6% from the fourth quarter of 2025, which the company said is a positive signal given its usual seasonal decline in that period.
Net income to common stockholders was $5.6 million, or $0.23 per diluted share, for the quarter ended March 31, 2026.
Payments total revenue rose 2.6% quarter over quarter to $19.1 million, and 25.8% year over year.
Factoring pretax operating income was $14.5 million, with a 34.7% operating margin against a long-term target above 40%.
Banking segment operating income decreased $1.0 million to $24.6 million, and total non-performing loans rose to 1.77% of total loans.
Triumph Financial reported fourth-quarter 2025 net income to common stockholders of $18.4 million, or $0.77 per diluted share, and total transportation revenue growth of 4.1%. The company said the quarter included one-time gains of $14.3 million from asset sales and nonrecurring expenses, and reported expenses of $98.1 million, above the $96.5 million it had estimated in its prior letter.
Net income to common stockholders was $18.4 million, or $0.77 per diluted share, for the quarter ended December 31, 2025.
Total transportation revenue grew 4.1%; Factoring revenue rose 5.8% and core operating margin was 32.6%.
Gains of $14.3 million from selling a Dallas building and an aircraft were offset by a $1.2 million impairment, a $1.1 million litigation reserve and a $0.8 million health plan adjustment, among other items.
The company stated a goal of about 20% transportation revenue growth in 2026, described as goals rather than earnings guidance.
Triumph Financial reported third-quarter net income to common stockholders of $0.9 million, or $0.04 per diluted share, after $4.4 million of non-core expenses largely tied to restructuring. Payments revenue grew 7.4% quarter over quarter and total transportation revenue rose 3.7%, but the company also authorized a $30 million share repurchase program that shareholders should weigh against the small quarterly profit.
Net income to common stockholders was $0.9 million, or $0.04 per diluted share, for the quarter ended September 30, 2025, including $4.4 million of non-core expenses.
Payments revenue grew 7.4% quarter over quarter, and total transportation revenue grew 3.7%, according to the letter.
Total expenses were reduced by about 5%, and the company expects the remaining savings to be in place by year-end.
The board authorized a share repurchase of up to $30 million of common stock on October 15, 2025, with the program lasting up to one year and able to be modified or discontinued.
Triumph Financial, Inc. said it will transfer the listing of its common stock and depositary shares from Nasdaq to the New York Stock Exchange, with NYSE trading expected to begin on or about August 19, 2025. The company will also dual list its common stock on NYSE Texas on or about August 20, 2025. The common stock ticker stays TFIN, but the preferred depositary shares will trade as TFIN PR instead of TFINP.
Nasdaq trading in the common stock and depositary shares is expected to end at the close on or about August 18, 2025.
NYSE trading is expected to begin at market open on or about August 19, 2025, and NYSE Texas trading on or about August 20, 2025.
The preferred depositary shares, each representing a 1/40th interest in a 7.125% Series C preferred stock, change ticker from TFINP to TFIN PR.
The company's CEO, Aaron Graft, said the company believes the NYSE's platform and resources will help unlock greater value for shareholders.
Melissa Forman-Barenblit, who ceased to be an executive officer of Triumph Financial effective March 19, 2025, signed a separation agreement with subsidiary TBK Bank on July 25, 2025. Her employment with the bank ends seven days after she signed, and TBK Bank will owe no further severance or benefits under her prior employment agreement. The filing discloses a personnel and compensation matter with no stated financial impact on the company.
Separation Agreement and Release dated July 25, 2025, between Melissa Forman-Barenblit and TBK Bank, SSB
Employment ends seven days after her execution of the agreement; no further severance or benefits owed under her July 1, 2022 employment agreement
Agreement includes a release of claims by Ms. Barenblit against TBK Bank and its affiliates
Filed as Exhibit 10.1; signed by Adam D. Nelson, Executive Vice President and General Counsel, on July 30, 2025
Triumph Financial reported second-quarter net income to common stockholders of $3.6 million, or $0.15 per diluted share, in a shareholder letter filed with the SEC. The letter says the result includes a net pre-tax gain of $12.4 million from settling long-running litigation with the USPS, partly offset by $7.1 million of other non-recurring items, and the CEO says core earnings remain below historical averages. Payments and Factoring revenue each grew about 13% from the prior quarter, but much of the reported profit comes from one-time items.
Net income to common stockholders was $3.6 million, or $0.15 per diluted share, for the quarter ended June 30, 2025.
The USPS settlement added a net pre-tax impact of $12.4 million; other non-recurring items reduced pre-tax income by $7.1 million, for a net pre-tax impact of $5.3 million.
Payments total revenue was $17.2 million, up 13.5% from the prior quarter; Factoring revenue grew 13.3% quarter over quarter.
Triumph closed its acquisition of Greenscreens, and LoadPay accounts totaled 2,729 as of July 14, 2025.
At its April 22, 2025 annual meeting, Triumph Financial shareholders approved the Fourth Amendment to the 2014 Omnibus Incentive Plan, which adds 750,000 shares for issuance and extends the plan's term. Shareholders also voted on directors, executive pay and the auditor, and the filing discloses that former executive Melissa Forman-Barenblit will remain on paid leave until her employment ends on August 31, 2025.
Plan amendment approved with 14,911,156 votes for and 4,860,491 against, adding 750,000 shares to the plan
Non-binding say-on-pay vote: 14,175,273 for, 5,598,431 against, 22,876 abstentions
Crowe LLP ratified as independent auditor with 20,654,302 votes for and 314,443 against
Forman-Barenblit, who ceased being an executive officer March 19, 2025, goes on paid leave until employment ends August 31, 2025
Triumph Financial reported a net loss to common stockholders of $(0.8) million, or $(0.03) per diluted share, for the quarter ended March 31, 2025, in a shareholder letter furnished with this 8-K. The company said non-core expenses of just under $3.0 million, partly offset by $0.8 million in non-core gains, reduced EPS by $0.07, and it attributed the results in part to investment in LoadPay and Factoring-as-a-Service, which it said carried little offsetting revenue.
Net loss to common stockholders of $(0.8) million, or $(0.03) per diluted share, for the quarter ended March 31, 2025
Non-core expenses of just under $3.0 million and $0.8 million in non-core gains; these items reduced EPS by $0.07
Network invoice volume rose 26.8% quarter over quarter, to 719,531 invoices
Factoring segment operating income was $6.9 million, $2.1 million lower than the prior quarter
Triumph Financial, Inc. announced a series of management changes tied to the continued evolution of its business segments and product lines, including promoting Todd Ritterbusch to head both its Banking and Payments segments. The filing names new leaders for its factoring segment and LoadPay product line and says Melissa Forman-Barenblit stopped serving as president of TriumphPay, so shareholders are seeing a reorganization of segment leadership rather than a change in reported financial results.
Todd Ritterbusch, president of TBK Bank, SSB, is promoted to head of the Banking and Payments segments.
Kim Fisk is named president of factoring, succeeding Tim Valdez, who will become chairman of the factoring segment.
David Vielehr is named president of LoadPay, the digital banking platform for the trucking industry.
Melissa Forman-Barenblit ceased to serve as president of the TriumphPay product line effective March 19, 2025.
Triumph Financial reported fourth-quarter 2024 net income to common stockholders of $3.0 million, or $0.13 per diluted share, down from $4.5 million in the third quarter and $8.8 million a year earlier. Management said Q1 2025 earnings may decline from current levels as it invests in new products before expected revenue begins in the second half of the year, which means lower near-term earnings for shareholders.
Q4 2024 net income to common stockholders was $3.0 million, or $0.13 per diluted share, versus $4.5 million, or $0.19, in Q3 2024 and $8.8 million, or $0.37, in Q4 2023.
Full-year 2024 net income to common stockholders was $12.9 million, or $0.54 per diluted share.
Management expects full-quarter expenses of about $99 million in Q1 2025 and said Q1 earnings may decline from current levels.
The company completed its acquisition of Isometric Technologies (ISO) in Q4 2024 and created a new Intelligence segment.
Triumph Financial reported net income to common stockholders of $4.5 million, or $0.19 per diluted share, for the quarter ended September 30, 2024, up from $1.9 million, or $0.08, in the second quarter but down from $12.0 million, or $0.51, in the third quarter of 2023. Management said it does not expect first-quarter 2025 earnings to be strong because of seasonal factoring volume declines and expense pressures, which weighs on the outlook for shareholders.
Q3 2024 net income to common stockholders was $4.5 million, or $0.19 per diluted share, versus $0.08 in Q2 2024 and $0.51 in Q3 2023.
Non-performing assets rose to 2.07% of total assets, up from 1.60% in Q2 2024 and 1.07% in Q3 2023.
Management expects Q4 2024 expenses below $97 million and does not expect Q1 2025 earnings to be great.
Year-to-date credit loss expense was $14.3 million, and the company reserved $2.4 million for one bankrupt C&I client.
Effective July 29, 2024, Gail Lehmann ceased to serve as Triumph Financial's Executive Vice President and Chief Regulatory and Governance Officer and no longer performs duties as an executive officer. She will remain with the company in a role focused on special projects and facilities management.
Gail Lehmann stopped serving as Chief Regulatory and Governance Officer effective July 29, 2024
She is no longer an executive officer under Rule 3b-7 of the Securities Exchange Act of 1934
Lehmann remains employed in a role focused on special projects and facilities management
The filing does not name a successor for the Chief Regulatory and Governance Officer position
Triumph Financial reported second-quarter 2024 net income to common stockholders of $1.9 million, or $0.08 per diluted share, down from $3.4 million, or $0.14, in the first quarter and $6.8 million, or $0.29, a year earlier. The letter says the company missed consensus earnings estimates by approximately $3.3 million, citing elevated expenses, and management said it will hold expenses near $97 million per quarter while continuing to invest in its technology platform.
Q2 2024 net income to common stockholders was $1.9 million, or $0.08 per diluted share, versus $3.4 million, or $0.14, in Q1 2024 and $6.8 million, or $0.29, in Q2 2023.
Management said earnings missed consensus estimates by approximately $3.3 million, and expenses were $97.3 million, up 7.7% from Q1.
Management expects Q3 2024 expenses of approximately $97 million and said it intends to hold expenses near that level through the rest of 2024 and early 2025.
Management said network engagement in brokered freight was just under 47% at the end of Q2 and it expects to reach 50% by the end of 2024.
Triumph Financial reported first-quarter 2024 net income to common stockholders of $3.4 million, or $0.14 per diluted share, down from $0.37 in the fourth quarter of 2023 and $0.43 in the first quarter of 2023. The company attributed the decline to a soft freight market, a $5.9 million drop in net interest income, nearly $6 million of credit costs, and higher expenses tied to technology investments, and it expects second-quarter noninterest expense in a $92 million to $94 million range.
Q1 2024 net income to common stockholders was $3.4 million, or $0.14 per diluted share, versus $8.8 million, or $0.37, in Q4 2023 and $10.2 million, or $0.43, in Q1 2023.
Return on average assets was 0.31% in Q1 2024, compared with 0.70% in Q4 2023 and 0.84% in Q1 2023.
Total credit expense was just under $6 million, and net interest income fell $5.9 million from the prior quarter.
Second-quarter noninterest expense is likely to be in the $92 million to $94 million range, according to the letter.
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