Triumph Financial Q1 2020 Earnings Report

Reported a net loss available to common stockholders and adopted CECL model.

Key Takeaways

Triumph Bancorp reported a net loss of $4.5 million for the first quarter of 2020, with diluted losses per share of $0.18. The company adopted the CECL model on January 1, 2020, and recorded a total credit loss expense of $20.3 million for the quarter.

Net loss available to common stockholders was $4.5 million, with diluted losses per share of $0.18.

Adopted Accounting Standard Update 2016-13, known as CECL, on January 1, 2020.

Recorded $20.3 million of total credit loss expense, with $17.4 million related to the loan portfolio.

Total loans held for investment increased by $126.0 million, or 3.0%, to $4.321 billion.

Total Revenue

$70M

Previous year: $68.8M