TBK - TBK STOCK NEWS

Triumph Financial, Inc. (Nasdaq: TFIN) has appointed Tim Valdez as president of its factoring division, overseeing strategic direction and operations. Valdez brings extensive experience from TriumphPay and WEX Fleet One Factoring, where he managed transportation factoring portfolios. The company aims to enhance its role in the transportation factoring industry by promoting entrepreneurship and financial solutions. Triumph recently consolidated its brands into a single identity, streamlining its offerings including financing, insurance, and banking services for the transportation sector.

Triumph Financial, Inc. (Nasdaq: TFIN) announced the results of its modified Dutch auction tender offer, purchasing 408,615 shares at $58.00 each, totaling approximately $23.7 million. This acquisition represents about 1.67% of the company's outstanding shares as of December 5, 2022. The tender offer, which concluded on December 6, 2022, saw no proration, as all shares tendered at or below the purchase price were accepted. Triumph may consider future stock repurchases depending on market conditions and company performance.

Triumph Financial, Inc. (Nasdaq: TFIN) announced the preliminary results of its Dutch auction tender offer to repurchase up to $100 million of its common stock. The offer expired on December 6, 2022, with 408,615 shares tendered at a price of $58.00 each, totaling approximately $23.7 million. This represents about 1.67% of the outstanding shares. The company expects no proration for shares accepted. Future purchases may occur based on market conditions and financial performance. The tender offer details are for informational purposes only and not a solicitation.

Triumph Bancorp rebrands as Triumph Financial and consolidates its brands including Triumph Business Capital and Triumph Insurance Group into a single entity. This change will take effect on Dec. 2, 2022, with the stock trading under the new symbol TFIN on NASDAQ, replacing TBK.

This consolidation aims to provide unified financial services tailored for the transportation industry, enhancing service offerings such as invoice factoring and insurance. The preferred stock will also undergo a ticker change to TFINP. No action is required from shareholders regarding these changes.

Triumph Bancorp (Nasdaq: TBK) announced a cash dividend of $17.81 per share on its 7.125% Series C Fixed-Rate Non-Cumulative Perpetual Preferred Stock. Each depositary share, representing a 1/40th interest in a share, will pay $0.44525. The dividend is set for December 30, 2022, with a record date of December 15, 2022. This announcement underscores Triumph's commitment to shareholder returns amidst its diversified financial services.

TriumphPay announces the addition of Schneider (NYSE: SNDR) to its open payments network, marking the 76th broker since the launch in January. TriumphPay has processed $671 million in payments through its network, which supports 192,000 carriers annually. The partnership aims to enhance speed, transparency, and risk reduction in the payments life cycle. Schneider's involvement will also pave the way for increased efficiency in their operations and improve the carrier experience. TriumphPay continues to lead in the freight payments sector with innovative technology.

Triumph Bancorp (Nasdaq: TBK) initiated a modified "Dutch auction" tender offer to repurchase up to $100 million of its common stock at prices ranging from $51.00 to $58.00 per share. As of November 4, 2022, the stock closed at $49.35. If fully subscribed, this would equate to 1.96 million to 1.72 million shares, representing 8.01% to 7.04% of outstanding shares. The offer will end at midnight on December 6, 2022. No minimum number of shares is required for the tender offer to proceed, which may bolster shareholder value. The bid could also enhance EPS if successful.

Triumph Bancorp (Nasdaq: TBK) released its Q3 2022 financial results on October 19, 2022. The details are available on their investor relations website. CEO Aaron P. Graft and CFO Brad Voss will discuss these results in a conference call on October 20, 2022, at 7:00 a.m. CT. Investors can access this call via multiple platforms, including a direct link to the video conference.

Triumph Bancorp provides diversified payment, factoring, and banking services, headquartered in Dallas, Texas.

Triumph Bancorp (Nasdaq: TBK) announced plans to release its third quarter financial results on October 19, 2022, after market close. A conference call with management will take place on October 20, 2022, at 7:00 a.m. USCT to discuss these results. Investors can access the information through the company’s website and via a live conference call. The release contains forward-looking statements, warning investors that actual results may differ due to uncertainties.