Triumph Financial, Inc. (TFIN)

Triumph Financial Income Statement

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

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Interest Income on Loans	213.83	228.43	181.19	183.56	198.21
Interest Income on Investments	208.68	193.99	238.05	204	123.9
Total Interest Income	422.52	422.42	419.24	387.56	322.12
Interest Paid on Deposits	56.24	34.32	10.04	9.7	27.4
Interest Paid on Borrowings	15.82	20.02	8.71	8.73	9.98
Total Interest Expense	72.06	54.34	18.75	18.43	37.39
Net Interest Income	350.46	368.08	400.49	369.13	284.73
Net Interest Income Growth (YoY)	-4.79%	-8.09%	8.50%	29.64%	11.26%
Gain (Loss) on Sale of Assets	-	-	-	-	9.76
Gain (Loss) on Sale of Investments	0.53	0.1	12.68	0.01	3.23
Other Non-Interest Income	57.62	42.95	46.32	44.01	39.93
Total Non-Interest Income	65.41	50.17	84.07	54.5	60.39
Non-Interest Income Growth (YoY)	30.38%	-40.32%	54.25%	-9.74%	91.28%
Revenues Before Loan Losses	415.87	418.25	484.56	423.63	345.11
Provision for Loan Losses	18.77	12.2	6.93	-8.83	38.33
Revenue	397.1	406.05	477.64	432.46	306.78
Revenue Growth (YoY)	-2.20%	-14.99%	10.45%	40.97%	9.75%
Salaries and Employee Benefits	205.06	197.38	180.31	153.64	122.36
Occupancy Expenses	26.95	22.99	21.65	19.49	17.05
Federal Deposit Insurance	2.72	2.62	1.82	2.25	1.52
Amortization of Goodwill & Intangibles	17.84	15.91	15.99	10.88	8.33
Selling, General & Administrative	100.64	90.83	97.54	71.68	46.55
Other Non-Interest Expense	23.11	23.51	23.33	29.57	26.26
Total Non-Interest Expense	376.31	353.23	340.63	287.51	222.07
EBT Excluding Unusual Items	20.79	52.82	137	144.95	84.71
Pretax Income	20.47	52.82	137	144.95	84.71
Income Tax Expense	4.38	11.73	34.69	31.98	20.69
Earnings From Continuing Operations	16.09	41.08	102.31	112.97	64.02
Net Income	16.09	41.08	102.31	112.97	64.02
Preferred Dividends & Other Adjustments	3.21	3.21	3.21	3.21	1.7
Net Income to Common	12.88	37.88	99.11	109.77	62.32
Net Income Growth	-60.83%	-59.85%	-9.44%	76.46%	9.36%
Basic Shares Outstanding	23	23	24	25	24
Diluted Shares Outstanding	24	24	25	25	25
Shares Change (YoY)	0.92%	-5.84%	-0.90%	2.58%	-5.54%
EPS (Basic)	0.55	1.63	4.06	4.44	2.56
EPS (Diluted)	0.54	1.61	3.96	4.35	2.53
EPS Growth	-66.46%	-59.34%	-8.97%	71.94%	12.44%
Effective Tax Rate	21.39%	22.22%	25.32%	22.06%	24.42%

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