Triumph Bancorp (TBK) Tops Q4 EPS by 5c

Triumph Bancorp (NASDAQ: TBK) reported Q4 EPS of $0.66, $0.05 better than the analyst estimate of $0.61.

2019 Fourth Quarter Highlights and Recent Developments

• For the fourth quarter of 2019, net income available to common stockholders was $16.7 million. Diluted earnings per share were $0.66.
• Net interest margin (“NIM”) was 5.72% for the quarter ended December 31, 2019.
• Total loans held for investment decreased $14.9 million, or 0.4%, to $4.195 billion at December 31, 2019. Average loans for the quarter increased $190.7 million, or 4.8%, to $4.134 billion.
• The total dollar value of invoices purchased by Triumph Business Capital for the quarter ended December 31, 2019 was $1.490 billion with an average invoice size of $1,662. The transportation average invoice size for the quarter was $1,507.
• For the quarter ended December 31, 2019, TriumphPay processed 442,428 invoices paying 41,222 distinct carriers a total of $474.9 million.
• During the quarter ended December 31, 2019, we completed a $39.5 million subordinated debt offering.
• During the quarter ended December 31, 2019, we repurchased 392,557 shares into treasury stock under our stock repurchase program at an average price of $36.69, for a total of $14.4 million. During the year ended December 31, 2019, we have repurchased 2,080,791 shares into treasury stock under our stock repurchase programs at an average price of $30.90, for a total of $64.4 million.

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

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