Triumph Financial, Inc. (TFIN) Form 8-K — Oct 21, 2026
Triumph Financial reported Q3 2026 net income to common stockholders of $12.6 million, or $0.52 per diluted share, up from $0.16 a year earlier. Non-recurring items reduced EPS by $0.02. Transportation revenue grew 37.8% year over year to $81.7 million, with roughly one-third of that growth organic. Factoring operating margin hit 43.0% (above the >40% long-term target), Payments EBITDA margin ex-LoadPay reached 39.0%, and the company added 706 net new factoring clients year to date.
Key figures
- Eps
- 0.52
- Revenue
- Transportation revenue $81.7M (+37.8% YoY); Factoring revenue $57.0M; Payments revenue $23.5M; Intelligence revenue $2.4M
- Guidance
- 2027 North Star expense target <$400mm total non-interest expense; 4Q 2026 core expense ~$100 million; illustrative 2027 EPS ~$3.50 if North Star metrics delivered
- Net Income
- 12628000
- Total Assets
- 7680282000
- Cash Position
- 1032524000
- Shares Outstanding
- 23921510
- Loadpay accounts
- 12217
- Loadpay revenue q3
- $0.8 million (+262.8% YoY)
- Factoring customers
- 7947
- Invoice sensitivity
- Every $100 move in average invoice price = ~$12M incremental annual revenue, $8.5M pretax earnings, $0.27 EPS annualized
- Diluted eps year ago
- 0.16
- Noninterest expense q3
- $102.0 million
- Past due to total loans
- 3.08% (up from 2.19%)
- Largest npl relationship
- $38.4 million (4 loans, unauthorized liens)
- Diluted eps prior quarter
- 0.44
- Factoring operating margin
- 43.0%
- Credit loss expense q3 2026
- $5.2 million (vs $2.7M in 2Q26)
- Nonperforming loans to loans
- 2.64% (up from 1.65%)
- Net new factoring clients ytd
- 706
- Payments ebitda margin ex loadpay
- 39.0%
- Transportation revenue growth yoy
- 37.8%
- Average transportation invoice size
- 2210
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