Trade Triumph Financial Inc - TBK CFD

Triumph Bancorp Company profile

About Triumph Bancorp Inc

Triumph Bancorp, Inc. is a financial holding company. It offers a diversified line of banking, payments, and factoring services/products through its bank subsidiary, TBK Bank, SSB (TBK Bank). It operates through four segments: Banking, Factoring, Payments and Corporate. The Banking segment includes the operations of TBK Bank. TBK Bank is a Texas-state savings bank offering commercial and consumer banking products focused on meeting client needs in Texas, Colorado, Kansas, Iowa and Illinois. Factoring segment includes the operations of Triumph Business Capital, which provides invoice factoring solutions to industries. Payment segment includes the operations of the TBK Bank's TriumphPay division that provides carrier payment solutions in the trucking industry. Corporate segment includes holding company financing and investment activities. TBK Bank also offers insurance through Triumph Insurance Group, Inc., and equipment lending and asset-based lending through Triumph Commercial Finance.

Financial summary

BRIEF: For the fiscal year ended 31 December 2021, Triumph Bancorp Inc interest income increased 20% to $387.6M. Net interest income after loan loss provision increased 39% to $378M. Net income applicable to common stockholders increased 76% to $109.8M. Net interest income after loan loss provision reflects Factoring segment increase from $81M to $166.2M, Net Interest Margin - Total - % increase of 18% to 6.72%.