Triumph Bancorp (TBK) Misses Q4 EPS by 3c, Revenues Miss

Triumph Bancorp (NASDAQ: TBK) reported Q4 EPS of $0.67, $0.03 worse than the analyst estimate of $0.70. Revenue for the quarter came in at $71.68 million versus the consensus estimate of $74.9 million.

2018 Fourth Quarter Highlights and Recent Developments

• For the fourth quarter of 2018, net income available to common stockholders was $18.1 million. Diluted earnings per share were $0.67.
• Net interest margin (“NIM”) was 6.34% for the quarter ended December 31, 2018.
• Total loans held for investment increased $96.5 million, or 2.7%, to $3.609 billion at December 31, 2018. Average loans for the quarter increased $238.8 million, or 7.2%, to $3.532 billion.
• Triumph Business Capital grew period-end clients to 6,191 clients which is an increase of 259 clients, or 4.4%. The total dollar value of invoices purchased for the quarter ended December 31, 2018 was $1.541 billion with an average invoice price of $1,747.
• At December 31, 2018, there were 113 clients utilizing the TriumphPay platform. For the quarter ended December 31, 2018, TriumphPay processed 83,326 invoices paying 19,274 distinct carriers a total of $123.1 million.

For earnings history and earnings-related data on Triumph Bancorp (TBK) click here.

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