📈 Price History

Ratio Health

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By Category

📊 Sector Averages

About

Triumph Financial, Inc., a financial holding company, provides banking, factoring, payments, and intelligence services in the United States. It offers deposit products, including checking, savings, money market, and certificates of deposit; and loan products, such as commercial real estate, commercial construction, land, and land development, residential real estate, agriculture, and consumer loans, as well as commercial and industrial loans, equipment loans, asset-based loans, business loans for working capital and operational purposes, and liquid credit loans. The company also provides electronic banking services, debit cards, insurance brokerage services, mortgage warehouse facilities, and transportation factoring services; payment, audit, and other banking services for the over the road trucking industry; and LoadPay product, a digital bank account developed for Carriers, as well as provides service and performance scoring and benchmarking to the over-the-road trucking industry. The company was formerly known as Triumph Bancorp, Inc. and changed its name to Triumph Financial, Inc. in December 2022. Triumph Financial, Inc. was incorporated in 2003 and is headquartered in Dallas, Texas.

Key Ratios Snapshot

📈 Growth Pattern

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🔍 Concall Decoded

🎙 Management Tone Tracker Confident Specific → Stable 4 quarters analysed

Q2 2025

Confident Specific

Management uses specific language like 'demonstrate the ability to monetize what we've built', 'value we add to our customers and shareholders', and 'lots of opportunity in front of us'. They cite concrete numbers: $700+ revenue per seasoned load pay account, 14% payments EBITDA margin, normalized charge-offs under $1 million, and ACV pipeline increase from $37k to $80k after Greenscreens acquisition.

Q3 2025

Confident Specific

Aaron Graft repeatedly used direct, quantified language: 'We expect revenue to go up and expenses to be flat', 'we have called for 20% annual growth in transportation revenue, and we intend to deliver', 'we are going to go take market share this year'. He also dismissed excuses ('I will not talk about it as an excuse') and committed to margin expansion through specific restructuring actions.

Q4 2025

Confident Specific

Management led with positive progress on revenue growth and lean operations, stating 'growing revenue and holding expenses in check is a sure path to greater profitability' and that core payments will trend above 30% EBITDA margin in 2026. They also highlighted network expansion with J.B. Hunt and used specific numbers like LoadPay annualized revenue of $1.5M and 35% payments fee monetization in Q4.

Q1 2026 latest

Confident Specific

Management used definitive language like 'real progress', 'positive momentum is palpable', and gave specific numerical improvements such as 'operating margin in Factoring is 80% better' and 'grew transportation revenue by 23%'. They also set clear growth targets (at least 20% revenue growth) and described the company as being 'at the third step' of profitability at scale, conveying conviction without overpromising.

Guidance Reliability Pending · <3Q data

Investor Lens

The investment thesis appears stronger after this call. Management provided concrete evidence of margin improvement in Factoring (80% better operating margin YoY) and Payments (growing toward 50% EBITDA margin), while maintaining 23% transportation revenue growth in a difficult freight environment. The clear guidance for at least 20% revenue growth again in 2026, combined with a stated intention to keep expense growth flat, suggests significant operating leverage. However, the Banking segment remains a drag due to rate declines and portfolio run-off, and management was vague on specific EPS targets and oil price sensitivity. Key items to watch next quarter: further margin progression in Factoring and Payments, LoadPay monetization progress, and any acceleration in organic client growth as the freight market potentially strengthens.

AI-generated concall tone analysis · Updated 2026-06-09 · Not investment advice

🎙 Management Tone Confident Specific → Stable 4 quarters Full tone analysis in Intelligence →

📊 MIXED Triumph Financial: Transportation revenue up 23% YoY, targeting 20%+ growth in 2026

Revenue & Profitability

Transportation revenue grew 23% year-over-year in Q1 2026, with expectations of at least 20% growth for the full year. Factoring segment revenue is expected to grow in the low teens. The banking segment saw yield compression due to declining rates and mortgage warehouse deposits. Operating earnings per share remained around $1 in Q1 2026, consistent with the Q4 2025 run rate.

Outlook

Management sees a structural change in trucking capacity due to regulatory enforcement, potentially ending a four-year freight recession. Average invoice prices rose from $1,769 a year ago to $2,011 quarter-to-date in April. They are optimistic about a tighter market but cautious about risks from higher oil prices, geopolitical tensions, and the Supreme Court case on broker liability.

Growth Drivers

Key growth levers include Factoring client growth (pipeline stronger), Payments repricing (three-to-four-quarter ramp), LoadPay account growth, and Intelligence net new logos (50 added in past two quarters). Management expects transportation revenue to grow at least 20% in 2026, driven by organic customer gains and improving invoice prices.

Balance Sheet & CapEx

Not discussed in this earnings call.

Margins

Factoring operating margin improved 80% year-over-year, on track to exit 2026 at around 40%. Payments EBITDA margin is progressing toward 50%, currently near 40%. Intelligence gross margins are being maintained while revenue grows. Overall expenses are expected to stay relatively flat, creating operating leverage from 20% revenue growth.

Key Risks

Risks include the Supreme Court case on broker liability (could inject volatility), higher oil prices slowing demand, geopolitical instability, and regulatory changes. Management also noted the asset sensitivity of the bank segment as rates decline. The freight recession has suppressed margins, but structural capacity shifts are now a tailwind.

Generated by AI · Q1 2026 results · Not investment advice

✓ 📞 Earnings Call Transcripts (5 quarters) submit a missing quarter

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📞 Earnings Call Transcripts (5)

Q2 2026 Q2 2026 2026-07-22

Strong Q2 results driven by higher invoice prices and robust organic growth, with the factoring segment achieving 40% operating margin and LoadPay nearing EBITDA breakeven by 2027. Transportation revenue growth is expected to materially exceed targets, supported by favorable market normalization.

Q1 2026 Q1 2026 2026-04-22

Factoring and Payments segments delivered strong revenue and margin growth, with Factoring operating margin up 80% year-over-year and Payments EBITDA margin approaching 50%. Transportation revenue rose 23% despite a tough freight market, and expenses are expected to remain flat, driving operating leverage.

Q4 2025 Q4 2025 2026-01-27

Fourth quarter results showed strong margin expansion in payments and factoring, with core payments EBITDA margin at 29.5% and factoring pre-tax margin at 33%. LoadPay is set to triple revenue in 2026, and expense savings from asset sales are now part of the run rate.

Q3 2025 Q3 2025 2025-10-16

Revenue and margin growth continued despite market headwinds, with a 5% expense base reduction and a 20% annual transportation revenue growth target. Payments and Intelligence segments are driving incremental revenue, while efficiency and technology investments support flat expenses into 2026.

Q2 2025 Q2 2025 2025-07-17

Strong revenue growth in transportation segments, improved credit quality, and successful USPS dispute resolution highlighted the quarter. Greenscreens integration is driving higher contract values, while payments and intelligence segments are set for accelerated growth and improved margins.

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