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Sep 30, 2020
Triumph Financial Q3 2020 Earnings Report
Reported net income available to common stockholders.
Key Takeaways
Triumph Financial reported a net income available to common stockholders of $22.0 million for the third quarter of 2020, with diluted earnings per share of $0.89 and adjusted diluted earnings per share of $0.91.
Net income available to common stockholders was $22.0 million, with diluted earnings per share of $0.89.
Adjusted diluted earnings per share were $0.91, excluding transaction costs related to the acquisition of Transport Financial Solutions (TFS).
The company acquired the transportation factoring assets of Transport Financial Solutions (TFS), resulting in the acquisition of $101.9 million of net factored receivables.
Net interest margin (NIM) was 5.83%.
Triumph Financial
Triumph Financial
Forward Guidance
No specific forward guidance was provided in the earnings report.