← Triumph Financial, Inc.
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | ||||||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||||||
| Net Income (Loss) Available to Common Stockholders, Basic | $19.8m |
$35.4m
+78.90%
|
$51.1m
+44.25%
|
$58.5m
+14.50%
|
$62.3m
+6.45%
|
$109.8m
+76.13%
|
$99.1m
-9.71%
|
$37.9m
-61.78%
|
$12.9m
-65.98%
|
$22.2m
+71.94%
|
— | |
| Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | $20.7m | $36.2m | $51.7m | $58.5m | $64.0m | $113.0m | $102.3m | $41.1m | $16.1m | $25.4m | — | |
| Amortization of Debt Issuance Costs | $23k | $94k | $101k | $116k | $182k | $1.2m | $843k | $878k | $484k | $217k | — | |
| Amortization of Intangible Assets | $3.8m | $5.2m | $7.0m | $9.1m | $8.3m | $10.9m | $11.9m | $11.5m | $12.0m | $11.6m | — | |
| Capitalized Computer Software, Amortization | — | — | — | — | — | — | — | — | $5.8m | $10.8m | — | |
| Depreciation | $2.8m | $4.0m | $5.7m | $8.1m | $10.7m | $12.0m | $13.3m | $13.8m | $15.5m | $14.9m | $12.6m | |
| Amortization of subordinated notes issuance costs | $23k | $94k | $101k | $116k | $182k | $1.2m | $843k | $878k | $484k | $217k | — | |
| Amortization of junior subordinated debentures | $325k | $413k | $460k | $483k | $506k | $530k | $556k | $582k | $612k | $639k | — | |
| Net (accretion) amortization on securities | $2.3m | $638k | $947k | $205k | ($129k) | ($992k) | ($882k) | ($844k) | ($763k) | ($454k) | — | |
| Software amortization | — | — | — | — | — | — | $4.1m | $4.5m | $5.8m | $10.8m | — | |
| Deferred Income Tax Expense (Benefit) | $1.9m | $10.2m | $708k | $3.9m | ($2.1m) | ($5.8m) | ($1.8m) | $6.5m | ($4.8m) | — | $9.8m | |
| Deferred taxes, net | $1.9m | $10.2m | $708k | $3.9m | ($2.1m) | ($5.8m) | ($1.8m) | $6.5m | ($4.8m) | $6.3m | — | |
| Share-based Payment Arrangement, Noncash Expense | $2.4m | $1.8m | $2.7m | $3.7m | $4.6m | $20.3m | $21.2m | $13.2m | $14.5m | $14.0m | $15.3m | |
| Share-based Payment Arrangement, Expense | — | — | — | — | — | — | — | $13.2m | $14.5m | $14.0m | $15.3m | |
| Goodwill and Intangible Asset Impairment | $0 | — | — | — | — | — | — | — | — | — | — | |
| Goodwill, Impairment Loss | — | $0 | $0 | $0 | $4.5m | — | — | — | — | — | — | |
| Impairment of Intangible Assets (Excluding Goodwill) | — | — | — | — | — | — | — | $0 | $0 | $0 | — | |
| Impairment of Intangible Assets, Finite-lived | — | — | $0 | $0 | — | — | — | — | — | — | — | |
| Income (Loss) from Equity Method Investments | $3.2m | $2.2m | — | $0 | — | — | — | — | — | — | — | |
| Changes in operating assets and liabilities: | ||||||||||||
| Financing Receivable Excluding Accrued Interest Credit Loss Expense Reversal | — | — | — | — | — | — | $6.9m | $12.2m | $18.8m | $3.1m | — | |
| Increase (Decrease) in Other Operating Assets | ($1.2m) | ($1.5m) | $8.4m | $15.0m | ($12.2m) | $8.7m | $35.2m | $45.1m | $13.4m | $6.3m | — | |
| Increase (Decrease) in Other Operating Liabilities | ($3.1m) | $4.9m | $6.1m | $3.8m | $10.0m | $12.1m | ($6.3m) | ($3.6m) | ($1.8m) | $4.0m | — | |
| (Increase) decrease in other assets | $1.2m | $1.5m | ($8.4m) | ($15.0m) | $12.2m | ($8.7m) | ($35.2m) | ($45.1m) | ($13.4m) | ($6.3m) | — | |
| Increase (decrease) in other liabilities | ($3.1m) | $4.9m | $6.1m | $3.8m | $10.0m | $12.1m | ($6.3m) | ($3.6m) | ($1.8m) | $4.0m | — | |
| Net Cash Provided by (Used in) Operating Activities | $31.0m |
$47.3m
+52.58%
|
$73.8m
+56.18%
|
$72.5m
-1.87%
|
$97.3m
+34.34%
|
$137.0m
+40.72%
|
$74.5m
-45.61%
|
$43.2m
-42.00%
|
$58.6m
+35.58%
|
$67.1m
+14.50%
|
$112.1m
+67.16%
|
|
| Cash flows from investing activities: | ||||||||||||
| Gain (Loss) on Disposition of Property Plant Equipment | — | — | — | — | — | — | — | — | — | $14.9m | ($11.8m) | |
| Net (gains) losses on disposal of premises and equipment | — | — | — | — | — | — | — | ($49k) | ($28k) | ($14.9m) | — | |
| Purchases of premises and equipment | ($4.3m) | ($8.0m) | ($18.8m) | ($21.3m) | ($17.6m) | ($14.4m) | ($10.9m) | ($23.9m) | ($62.8m) | ($16.4m) | — | |
| Proceeds from sales of premises and equipment | — | — | — | — | — | — | — | $0 | $41k | $86.8m | — | |
| Proceeds from Maturities, Prepayments and Calls of Debt Securities, Available-for-sale | $31.8m | $89.4m | $78.7m | $129.4m | $96.8m | $99.2m | $26.3m | $28.8m | $123.3m | $124.3m | — | |
| Debt Securities, Realized Gain (Loss) | — | — | ($272k) | $61k | $3.2m | $5k | $2.5m | $102k | ($1k) | $0 | — | |
| Net (gains) losses on sale or call of debt securities | $56k | ($35k) | $272k | ($61k) | ($3.2m) | ($5k) | ($2.5m) | ($102k) | $1k | $0 | — | |
| Payments to Acquire Businesses, Net of Cash Acquired | $14.5m | ($45.3m) | $141.9m | — | $108.4m | $96.9m | $0 | $0 | $10.0m | $137.4m | $143k | |
| Net cash paid for acquisitions | ($14.5m) | $45.3m | ($141.9m) | $0 | ($108.4m) | ($96.9m) | $0 | $0 | ($10.0m) | ($137.4m) | — | |
| Stock issued as consideration paid for acquisitions | — | — | — | — | — | — | — | $0 | $0 | $12.7m | — | |
| Net Cash Provided by (Used in) Investing Activities | ($273.6m) | ($379.8m) | ($268.3m) | ($520.4m) | ($774.7m) | $77.7m | $672.4m | ($112.7m) | ($590.0m) | ($525.5m) | ($345.9m) | |
| Cash flows from financing activities: | ||||||||||||
| Repayment of other borrowings | — | — | $0 | $0 | ($39.5m) | ($391.3m) | ($27.1m) | $0 | ($39.5m) | $0 | — | |
| Payments for Repurchase of Common Stock | $654k | $366k | $398k | $64.5m | $35.8m | $1.2m | $76.7m | $81.6m | $3.3m | $2.2m | — | |
| Proceeds from Issuance of Common Stock | — | $65.5m | $192.1m | — | $0 | $0 | — | — | — | — | — | |
| Proceeds from employee stock purchase plan common stock issuance | — | — | — | $0 | $0 | $449k | $1.5m | $1.8m | $2.2m | $2.5m | — | |
| Dividends paid | — | — | — | — | — | — | $3 | $3 | $3 | $3 | ($3.2m) | |
| Payments of Dividends | — | — | — | — | — | — | $3 | $3 | $3 | $3 | ($3.2m) | |
| Preferred stock dividends | — | — | — | — | ($2) | ($3) | ($3) | ($3) | ($3) | ($3) | — | |
| Net Cash Provided by (Used in) Financing Activities | $251.8m |
$352.1m
+39.83%
|
$295.3m
-16.14%
|
$410.9m
+39.14%
|
$793.9m
+93.23%
|
($145.8m)
-118.37%
|
($721.9m)
-395.00%
|
($52.1m)
+92.79%
|
$574.9m
+1204.55%
|
$376.8m
-34.47%
|
$848.2m
+125.13%
|
|
| Net increase (decrease) in cash and cash equivalents | $9.2m | $19.6m | $100.8m | ($37.1m) | $116.5m | $68.8m | $25.0m | ($121.5m) | $43.5m | ($81.6m) | — | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | — | — | — | ($37.1m) | $116.5m | $68.8m | $25.0m | ($121.5m) | $43.5m | ($81.6m) | $896.8m | |
| Cash and cash equivalents at beginning of period | $105.3m | $114.5m | $134.1m | $197.9m | $314.4m | $383.2m | $408.2m | $286.6m | $330.1m | $248.5m | — | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | — | $197.9m | $314.4m | $383.2m | $408.2m | $286.6m | $330.1m | $248.5m | $896.8m | |
| Additional Supplementary Disclosures | ||||||||||||
| Additional Supplementary Disclosures | ||||||||||||
| Provision for Loan, Lease, and Other Losses | — | — | — | — | — | ($8.8m) | — | — | — | — | $4.0m | |
| Gain (Loss) on Sales of Loans, Net | $154k | ($80k) | — | $653k | $3.6m | $1.9m | — | — | — | — | — | |
| Proceeds from Stock Options Exercised | — | $283k | — | — | — | — | — | $144k | — | — | — | |
| Supplemental disclosure of cash flow information: | ||||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating Activities | $10.5m | $20.4m | $32.0m | $52.0m | $41.7m | $18.9m | $16.3m | $48.3m | $68.6m | $73.9m | — | |
| Income Taxes Paid, Net | $10.9m | $12.9m | $12.8m | $17.7m | $12.1m | $40.0m | $47.2m | $14.1m | $1k | ($46k) | — | |
| Additional Financial Items | ||||||||||||
| Equity Securities, FV-NI, Gain (Loss) | — | — | — | $393k | $389k | ($322k) | ($313k) | $80k | ($43k) | $143k | — | |
| Equity Securities, FV-NI, Realized Gain (Loss) | — | — | — | — | $0 | $0 | $0 | $18k | $0 | $0 | — | |
| Equity Securities, FV-NI, Unrealized Gain (Loss) | — | — | — | $393k | $389k | ($322k) | ($313k) | $62k | ($43k) | $143k | — | |
| Gain (Loss) on Sale of Mortgage Loans | $16k | — | $46k | — | — | — | — | — | — | — | — | |
| Gain (Loss) on Sale of Financing Receivable | — | — | — | — | — | — | $18.2m | $119k | $178k | $514k | — | |
| Gain (Loss) Related to Litigation Settlement | — | — | — | — | — | — | — | — | — | $11.5m | — | |
| Goodwill | $28.8m | $44.1m | $158.7m | $158.7m | $163.2m | $233.7m | $233.7m | $233.7m | $241.9m | $355.3m | — | |
| Income Tax Expense (Benefit) | $12.8m | $24.9m | $14.8m | $16.9m | $20.7m | $32.0m | $34.7m | $11.7m | $4.4m | $7.6m | — | |
| Operating Lease, Lease Income | — | — | — | — | — | — | — | — | $4.0m | $2.1m | — | |
| Financing Receivable, Credit Loss, Expense (Reversal) | — | — | — | — | $38.3m | ($8.8m) | — | — | — | — | — | |
| Net accretion on loans | — | ($7.1m) | ($8.3m) | ($5.6m) | ($10.7m) | ($9.3m) | ($8.6m) | ($5.2m) | ($2.8m) | ($2.9m) | — | |
| Credit loss expense (benefit) | — | — | $16.2m | $7.9m | $38.3m | ($8.8m) | $6.9m | $12.2m | $18.8m | $3.1m | — | |
| Stock based compensation | $2.4m | $1.8m | $2.7m | $3.7m | $4.6m | $20.3m | $21.2m | $13.2m | $14.5m | $14.0m | $15.3m | |
| Net (gains) losses on equity securities | — | — | ($38k) | ($393k) | ($389k) | $322k | ($9.8m) | ($80k) | ($491k) | $980k | — | |
| Net OREO (gains) losses and valuation adjustments | $1.4m | $850k | $514k | ($351k) | $616k | $347k | $133k | $0 | $66k | ($304k) | — | |
| Origination of loans held for sale | ($891k) | — | ($4.3m) | ($32.6m) | ($60.9m) | ($37.5m) | ($12.0m) | ($5.3m) | ($8.4m) | ($16.4m) | — | |
| Proceeds from sale of loans originated or purchased for sale | $2.2m | — | $3.5m | $63.1m | $109.5m | $60.0m | $26.5m | $4.1m | $7.6m | $17.4m | — | |
| Net (gains) losses on sale of loans | — | — | — | — | ($2.8m) | ($3.1m) | ($18.2m) | ($119k) | ($178k) | ($514k) | — | |
| Net change in operating leases | — | — | $0 | $181k | $1.1m | $2.2m | $190k | ($278k) | $110k | ($491k) | — | |
| Change in estimated fair value of revenue share asset | — | — | — | — | — | — | $62k | $1.7m | ($1.3m) | $9k | — | |
| Purchases of securities available for sale | ($19.9m) | ($8.0m) | ($19.9m) | ($80.5m) | ($134.0m) | ($58.8m) | ($140.8m) | ($72.0m) | ($204.8m) | ($105.0m) | — | |
| Proceeds from sales of securities available for sale | $34.3m | $32.4m | $123.0m | $40.6m | $70.2m | $0 | $40.2m | $16.0m | $0 | $0 | — | |
| Proceeds from maturities, calls, and pay downs of securities available for sale | $31.8m | $89.4m | $78.7m | $129.4m | $96.8m | $99.2m | $26.3m | $28.8m | $123.3m | $124.3m | — | |
| Proceeds from maturities, calls, and pay downs of securities held to maturity | $136k | $28.2m | $1.1m | $993k | $693k | $1.0m | $679k | $529k | $978k | $229k | — | |
| Proceeds from sales of equity securities | — | — | — | — | — | $0 | $0 | $783k | $700k | $94k | — | |
| Purchases of loans held for investment | — | — | ($388.3m) | ($129.4m) | ($632.5m) | ($94.3m) | ($147.8m) | ($18.8m) | ($37.2m) | ($34.2m) | — | |
| Proceeds from sale of loans | $24.5m | $3.8m | $9.8m | $47.8m | $165.9m | $87.8m | $232.8m | $59.2m | $23.6m | $23.9m | — | |
| Net change in loans | ($295.3m) | ($586.1m) | ($388.3m) | ($506.8m) | ($632.5m) | $153.9m | $581.6m | ($92.1m) | ($380.2m) | ($450.6m) | — | |
| Expenditures for capitalized software | — | — | — | — | — | — | ($6.3m) | ($16.9m) | ($21.5m) | ($19.2m) | — | |
| Net proceeds from sale of OREO | $3.3m | $5.2m | $8.5m | $2.8m | $2.1m | $1.3m | $438k | $0 | $592k | $2.3m | — | |
| (Purchases) redemptions of FHLB and other restricted stock, net | — | ($7.3m) | $978k | ($3.9m) | $13.1m | ($3.4m) | $3.9m | ($8.0m) | $224k | ($199k) | — | |
| Purchase of Bank Owned Life Insurance | — | — | — | — | — | — | $0 | $0 | ($20.0m) | $0 | — | |
| Acquired intangible assets | — | — | — | — | — | $0 | $0 | ($3.0m) | ($2.9m) | ($124k) | — | |
| Net increase (decrease) in deposits | $114.0m | $151.5m | $147.0m | $339.6m | $921.3m | ($69.9m) | ($464.5m) | ($193.9m) | $843.3m | $129.4m | — | |
| Increase (decrease) in customer repurchase agreements | $1.2m | $998k | ($7.0m) | ($2.5m) | $1.1m | ($996k) | ($1.8m) | ($340k) | $0 | $0 | — | |
| Increase (decrease) in Federal Home Loan Bank advances | $100.0m | $135.0m | ($35.7m) | $100.0m | ($325.0m) | $75.0m | ($150.0m) | $225.0m | ($225.0m) | $250.0m | — | |
| Stock option exercises, net | — | — | — | — | ($227k) | $577k | ($74k) | $144k | $413k | $320k | — | |
| Purchase of treasury stock, net | ($654k) | ($366k) | ($398k) | ($64.5m) | ($35.8m) | ($1.2m) | ($76.7m) | ($81.6m) | ($3.3m) | ($2.2m) | — | |
| Loans transferred to OREO | $470k | $6.6m | $514k | $3.4m | $1.1m | $692k | $47k | $37k | $621k | $12.2m | — | |
| Loans held for investment transferred to loans held for sale | — | — | — | — | $185.8m | $84.0m | $229.1m | $53.6m | $22.8m | $23.9m | — | |
| Lease liabilities arising from obtaining right-of-use assets | — | — | $0 | $2.6m | $1.8m | $19.6m | $5.3m | $3.5m | $2.5m | $1.7m | — | |
| Securities available for sale purchased, not settled | — | — | — | — | $0 | $0 | $8.0m | $12.0m | $0 | $0 | — |