Triumph Bancorp (TBK) Tops Q4 EPS by 44c

Triumph Bancorp (NASDAQ: TBK) reported Q4 EPS of $1.25, $0.44 better than the analyst estimate of $0.81.

• Net interest income was $83.6 million.
• Non-interest income was $22.4 million, including $14.2 million related to the Transport Financial Solutions (“TFS”) acquisition as described below.
• Credit loss expense for the quarter ended December 31, 2020 was $4.7 million. Components of our credit loss expense included:
• $11.6 million expense due to net increases in specific reserves, including $11.5 million related to the TFS acquisition as discussed below.
• Triumph Business Capital and TriumphPay processed a combined $4.034 billion in transportation invoice payments.
• TriumphPay processed 1,758,865 invoices paying carriers a total of $1.815 billion.

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

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