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Triumph Financial, Inc. (TBK)

Income Statement

Standardized | As Reported Annual | Quarterly | TTM
  Older >>
In millions, except per share itemsDec-31-22Dec-31-21Dec-31-20Dec-31-19Dec-31-18Dec-31-17Dec-31-16Dec-31-15
   8-K10-K10-K10-K10-K10-K10-K10-K
    Interest income:  
        Interest income on loans  181.2183.6198.2195.6160.7121.684.261.6
        Interest income on investments   5.48.210.56.46.84.32.6
       419.2387.6322.1311.2263.0177.2124.598.8
    Interest expense:  
        Interest on deposits   9.727.440.223.113.19.26.9
       18.718.437.455.335.921.512.18.1
Net interest income  400.5369.1284.7255.9227.1155.7112.490.7
Provision for loan losses   -8.838.37.9 11.66.74.5
Net interest income after provision for loan losses  400.5378.0246.4248.0227.1144.1105.786.1
        Deposit and loan fees         2.7
        Credit and debit card fees  8.2      2.2
        Gain on sale of investments, net         0.3
        Other non-interest income  75.954.560.431.623.040.721.028.1
Total non-interest income  84.154.560.431.623.040.721.033.3
Non-interest expenses  340.6287.5222.1204.1167.4123.693.181.9
Pre-tax income before non-recurring items  137.0145.094.575.467.682.033.537.6
Non-recurring items    9.8 1.120.9  
Pre-tax income  137.0145.084.775.466.561.133.537.6
Income taxes  34.732.020.716.914.824.912.88.4
            Tax rate  25.3%22.1%24.4%22.4%22.2%40.7%38.2%22.4%
Net income  99.1109.862.358.551.135.419.828.4
            Net margin  19.1%25.4%20.3%20.9%20.2%19.2%15.6%23.7%
   
Basic EPS   $4.44$2.56$2.26$2.06$1.85$1.11$1.60
Diluted EPS   $4.35$2.53$2.25$2.01$1.77$1.10$1.53
   
Shares outstanding (basic)   24.724.425.924.819.117.917.7
Shares outstanding (diluted)   25.324.626.125.520.018.118.5
   
EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.  

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