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Dec 31, 2020
Triumph Financial Q4 2020 Earnings Report
Reported net income to common stockholders
Key Takeaways
Triumph Bancorp reported a strong fourth quarter with net income to common shareholders of $31.3 million and diluted earnings per share of $1.25. Key drivers included net interest income of $83.6 million and non-interest income of $22.4 million, partially offset by non-interest expense of $59.3 million and credit loss expense of $4.7 million. The company also saw growth in total loans and deposits during the quarter.
Net income to common shareholders was $31.3 million, with diluted earnings per share at $1.25.
Net interest income reached $83.6 million, with a net interest margin of 6.20%.
Non-interest income totaled $22.4 million, including $14.2 million related to the Transport Financial Solutions (TFS) acquisition.
Triumph Business Capital and TriumphPay processed a combined $4.034 billion in transportation invoice payments.
Forward Guidance
The press release does not contain forward guidance.
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