Triumph Bancorp (TBK) Reports In-Line Q2 EPS
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Triumph Bancorp (NASDAQ: TBK) reported Q2 EPS of $0.48, in-line with the analyst estimate of $0.48.
- For the second quarter of 2019, net income available to common stockholders was $12.7 million. Diluted earnings per share were $0.48.
- Net interest margin (“NIM”) was 5.99% for the quarter ended June 30, 2019.
- Total loans held for investment increased $223.0 million, or 6.2%, to $3.836 billion at June 30, 2019. Average loans for the quarter increased $172.9 million, or 4.9%, to $3.708 billion.
- Triumph Business Capital grew period-end clients to 6,455 clients, which is an increase of 73 clients, or 1.1%. The total dollar value of invoices purchased for the quarter ended June 30, 2019 was $1.409 billion with an average invoice price of $1,612.
- At June 30, 2019, there were 146 clients utilizing the TriumphPay platform, which is an increase of 16 clients, or 12.3%, during the quarter. For the quarter ended June 30, 2019, TriumphPay processed 149,734 invoices paying 28,126 distinct carriers a total of $168.8 million.
- During the quarter ended June 30, 2019, the Company repurchased 590,829 shares into treasury stock under its stock repurchase program at an average price of $29.42, for a total of $17.4 million. During the six months ended June 30, 2019, the Company has repurchased 838,141 shares into treasury stock under its stock repurchase program at an average price of $29.74, for a total of $24.9 million, completing its previously announced $25.0 million stock repurchase program.
For earnings history and earnings-related data on Triumph Bancorp (TBK) click here.
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