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Triumph Bancorp (TBK) Tops Q1 EPS by 3c

April 17, 2019 4:10 PM EDT

Triumph Bancorp (NASDAQ: TBK) reported Q1 EPS of $0.55, $0.03 better than the analyst estimate of $0.52.

  • For the first quarter of 2019, net income available to common stockholders was $14.8 million. Diluted earnings per share were $0.55.
  • Net interest margin (“NIM”) was 6.15% for the quarter ended March 31, 2019.
  • Total loans held for investment increased $4.2 million, or 0.1%, to $3.613 billion at March 31, 2019. Average loans for the quarter increased $2.6 million, or 0.1%, to $3.535 billion. Loan growth was consistent with historical first quarter results, which is primarily driven by seasonality in our transportation factoring business.
  • Triumph Business Capital grew period-end clients to 6,382 clients, which is an increase of 191 clients, or 3.1%. The total dollar value of invoices purchased for the quarter ended March 31, 2019 was $1.325 billion with an average invoice price of $1,678.
  • At March 31, 2019, there were 130 clients utilizing the TriumphPay platform, which is an increase of 17 clients, or 15.0%. For the quarter ended March 31, 2019, TriumphPay processed 114,066 invoices paying 22,932 distinct carriers a total of $141.0 million.
  • During the quarter ended March 31, 2019, the Company repurchased 247,312 shares into treasury stock under its stock repurchase program at an average price of $30.51, for a total of $7.6 million.

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



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