Triumph Financial, Inc. (TFIN)

Triumph Financial Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Interest Income on Loans	220.3	228.43	181.19	183.56	198.21	195.65
Interest Income on Investments	205.46	193.99	238.05	204	123.9	115.51
Total Interest Income	425.77	422.42	419.24	387.56	322.12	311.15
Interest Paid on Deposits	53.48	34.32	10.04	9.7	27.4	40.23
Interest Paid on Borrowings	17.72	20.02	8.71	8.73	9.98	15.03
Total Interest Expense	71.2	54.34	18.75	18.43	37.39	55.25
Net Interest Income	354.57	368.08	400.49	369.13	284.73	255.9
Net Interest Income Growth (YoY)	-5.92%	-8.09%	8.50%	29.64%	11.26%	12.71%
Gain (Loss) on Sale of Assets	-	-	-	-	9.76	-
Gain (Loss) on Sale of Investments	0.1	0.1	12.68	0.01	3.23	0.06
Other Non-Interest Income	56.51	42.95	46.45	44.01	39.93	24.03
Total Non-Interest Income	63.89	50.17	84.07	54.5	60.39	31.57
Non-Interest Income Growth (YoY)	32.94%	-40.32%	54.25%	-9.74%	91.28%	37.44%
Revenues Before Loan Losses	418.46	418.25	484.56	423.63	345.11	287.47
Provision for Loan Losses	20.45	12.2	6.93	-8.83	38.33	7.94
Revenue	398.01	406.05	477.64	432.46	306.78	279.53
Revenue Growth (YoY)	-4.78%	-14.99%	10.45%	40.97%	9.75%	19.53%
Salaries and Employee Benefits	202.05	197.38	180.31	153.64	122.36	109.21
Occupancy Expenses	26.35	22.99	21.65	19.49	17.05	13.49
Federal Deposit Insurance	2.63	2.62	1.82	2.25	1.52	0.3
Amortization of Goodwill & Intangibles	12.91	11.45	11.92	10.88	8.33	9.13
Selling, General & Administrative	93.06	84.72	91.79	71.68	46.55	42.75
Other Non-Interest Expense	33.66	34.07	33.15	29.57	26.26	29.21
Total Non-Interest Expense	370.66	353.23	340.63	287.51	222.07	204.08
EBT Excluding Unusual Items	27.35	52.82	137	144.95	84.71	75.45
Pretax Income	27.35	52.82	137	144.95	84.71	75.45
Income Tax Expense	5.48	11.73	34.69	31.98	20.69	16.9
Earnings From Continuing Operations	21.88	41.08	102.31	112.97	64.02	58.54
Net Income	21.88	41.08	102.31	112.97	64.02	58.54
Preferred Dividends & Other Adjustments	3.21	3.21	3.21	3.21	1.7	-
Net Income to Common	18.67	37.88	99.11	109.77	62.32	58.54
Net Income Growth	-55.36%	-59.85%	-9.44%	76.46%	9.36%	13.22%
Basic Shares Outstanding	23	23	24	25	24	26
Diluted Shares Outstanding	24	24	25	25	25	26
Shares Change (YoY)	-0.92%	-5.84%	-0.90%	2.58%	-5.54%	2.27%
EPS (Basic)	0.80	1.63	4.06	4.44	2.56	2.26
EPS (Diluted)	0.80	1.61	3.96	4.35	2.53	2.25
EPS Growth	-58.27%	-59.34%	-8.97%	71.94%	12.44%	10.87%
Effective Tax Rate	20.02%	22.22%	25.32%	22.06%	24.42%	22.40%

Source: S&P Capital IQ. Banks template. Financial Sources.