Welcome to our dedicated page for Triumph Financial news (Ticker: TFIN), a resource for investors and traders seeking the latest updates and insights on Triumph Financial stock.
Triumph Financial, Inc. (Nasdaq: TFIN) is a dynamic financial holding company based in Dallas, Texas. The company operates through four primary segments: Banking, Factoring, Payments, and Corporate. Each of these segments plays a crucial role in offering a comprehensive range of financial services.
The Banking segment is managed by TBK Bank, SSB, a Texas-state savings bank. TBK Bank provides a wide array of commercial and consumer banking products tailored to the needs of clients in Texas, Colorado, Kansas, Iowa, and Illinois. The bank is committed to meeting the diverse needs of its local communities through personalized banking solutions.
The Factoring segment is led by Triumph Financial Services, which specializes in factoring services. These services provide businesses with immediate cash flow solutions by purchasing their accounts receivable. This segment ensures that companies, particularly in the trucking industry, have the liquidity they need to operate smoothly.
The Payments segment operates through TriumphPay, TBK Bank's innovative division that offers presentment, audit, and payment solutions. TriumphPay serves Shippers, Brokers, and Factor clients in the trucking industry, enhancing efficiency and transparency in financial transactions.
Lastly, the Corporate segment encompasses the holding company’s financing and investment activities, along with managing administrative expenses to support the overall operations. This segment ensures the strategic alignment and financial stability of the entire organization.
Recent Achievements
Triumph Financial has consistently demonstrated robust financial performance. The company recently announced its second and third quarter financial results for 2023, showcasing stability and growth in its operations. The results and shareholder letters are available on Triumph Financial’s website, providing transparency and keeping investors well-informed.
Current Projects and Future Outlook
Triumph Financial continues to innovate and expand its services. The company's recent projects include enhancing its commercial finance offerings, which involve equipment lending, asset-based lending, and premium finance solutions for independent insurance agents. These initiatives aim to solidify Triumph Financial’s position as a leader in the financial services industry.
Partnerships and Collaborations
Understanding the value of strategic partnerships, Triumph Financial collaborates with various stakeholders to deliver superior financial solutions. These partnerships are integral to the company’s ability to provide comprehensive services across its operational segments.
In conclusion, Triumph Financial, Inc. is a well-managed and forward-thinking financial holding company that continues to thrive and expand its footprint in the financial services industry. Investors and clients alike can rely on Triumph Financial for innovative solutions and consistent financial performance.
Triumph Financial, Inc. (Nasdaq: TFIN) has announced that its first quarter financial results will be released after the market closes on April 25, 2023. Following this, a conference call for analysis will be held on April 26, 2023, at 9:30 a.m. central time. The call will be led by Vice Chairman and CEO Aaron P. Graft and CFO Brad Voss. Investors can access the financial results and commentary on the company's website. Triumph Financial focuses on payments, factoring, and banking, with a diversified portfolio including TriumphPay and TBK Bank. Caution is advised as the press release contains forward-looking statements, which are subject to risks and uncertainties.
Triumph Financial, Inc. (Nasdaq: TFIN) announced the promotions of three executives to Chief Technology Officer positions, reflecting its growth as a fintech. Mike Mangino is now CTO of Software Engineering for TriumphX, John Shields is CTO of Enterprise Architecture, and Michael Niessner is CTO of TriumphPay. These promotions follow Triumph Financial's recent rebranding and commitment to advancing its technology solutions. Mangino's leadership played a key role in launching the TriumphPay payments network, achieving $1 billion in volume within its first year. Triumph Financial continues to enhance its value to the transportation industry through innovative tech solutions.
Triumph Financial, Inc. (Nasdaq: TFIN) has declared a quarterly cash dividend of $17.81 per share on its 7.125% Series C Fixed-Rate Non-Cumulative Perpetual Preferred Stock, represented by depositary shares (NASDAQ: TFINP). Holders will receive $0.44525 per depositary share. The dividend is set to be paid on March 30, 2023, to those on record by the close of business on March 15, 2023. As a financial holding company, Triumph Financial focuses on services like payments, banking, and factoring, with its headquarters in Dallas, Texas.
Triumph Financial, Inc. (Nasdaq: TFIN) announced its Q4 2022 financial results on January 25, 2023. The detailed results and a shareholder letter are accessible via the Company’s website. A conference call with CEO Aaron P. Graft and CFO Brad Voss is set for January 26 at 7:00 a.m. CT to discuss these results. Triumph Financial specializes in payments, factoring, and banking, operating brands like TriumphPay and TBK Bank. Caution is advised as forward-looking statements may be influenced by numerous risks and uncertainties.
Triumph Financial, Inc. (Nasdaq: TFIN) announced the election of Davis Deadman to its board of directors on January 23, 2023. Deadman, who has served on the board of TBK Bank since 2014 and was its chief lending officer from 2012 to 2014, brings extensive banking and credit experience. He has held various leadership roles, including Chief Executive Officer of NexBank and a senior portfolio manager at Highland Capital Management. His background is expected to enhance Triumph's governance and strategic alignment with its subsidiary bank. Deadman holds a Bachelor's from Texas A&M and an MBA in Finance from Southern Methodist University.
Triumph Financial, Inc. (Nasdaq: TFIN) is set to release its fourth quarter financial results on January 25, 2023, after market close. Management will discuss these results during a conference call on January 26, 2023, at 7:00 a.m. USCT. The financial results and management commentary will be available on the company’s website. Investors should be aware that forward-looking statements in the release could differ from actual results due to various risks and uncertainties. For further information, visit the company’s website or access the conference call through provided links.
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.
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