Triumph Financial Q2 2022 Earnings Report
Key Takeaways
Triumph Financial reported a strong second quarter with net income to common stockholders of $43.4 million, or $1.74 per diluted share. The company saw significant growth in its payments and factoring segments, while also making strides in its banking segment through strategic initiatives focused on capital efficiency and credit quality.
Net income to common stockholders was $43.4 million, or $1.74 per diluted share.
TriumphPay's payment volume increased by 5.8% quarter-over-quarter and 76.1% year-over-year.
Factoring segment's purchased volume increased by 31.1% year-over-year.
Banking segment focused on gathering high-quality deposits, becoming more capital efficient, and maintaining high credit quality.
Triumph Financial
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Triumph Financial Revenue by Segment
Forward Guidance
Triumph expects third quarter expenses to be approximately $85 million, inclusive of the strategic equity grant (SEG) expense.