Triumph Bancorp (TBK) Tops Q2 EPS by 18c

Triumph Bancorp (NASDAQ: TBK) reported Q2 EPS of $0.25, $0.18 better than the analyst estimate of $0.07.

2020 Second Quarter Highlights

• For the second quarter of 2020, net income available to common stockholders was $13.4 million. Diluted earnings per share were $0.56.
• Adjusted diluted earnings per share were $0.25 for the quarter ended June 30, 2020, which exclude the gain on sale of Triumph Premium Finance, net of taxes.
• For the quarter ended June 30, 2020, we recorded $13.6 million of total credit loss expense, including $11.0 million of credit loss expense related to our loan portfolio, $0.9 million of credit loss expense related to off balance sheet loan commitments, and $1.7 million of credit loss expense related to held to maturity securities. Regarding the $11.0 million credit loss expense on our loan portfolio:

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

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