Triumph Bancorp, Inc. Reports Earnings Results for the Full Year Ended December 31, 2020
January 21, 2021 at 04:07 pm
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Triumph Bancorp, Inc. announced earnings results for the full year ended December 31, 2020. For the full year, the company announced net interest income was USD 284.728 million compared to USD 255.903 million a year ago. Net income was USD 64.024 million compared to USD 58.544 million a year ago. Diluted earnings per share was USD 2.53 compared to USD 2.25 a year ago. Basic earnings per share from continuing operations was USD 2.56 compared to USD 2.26 a year ago.
Triumph Financial, Inc. is a financial holding company. The Company's segments include Banking, Factoring and Payments. The Banking segment includes the operations of TBK Bank, which offers products and services that are focused on serving the local communities in which it operates and creating full banking relationships with both personal and commercial clients. TBK Bank operates retail branch networks in three geographic markets, including a mid-western division, a western division, and a mountain division. Its traditional banking offerings include a full suite of lending and deposit products and services. The Factoring segment includes the operations of Triumph Financial Services, which offers factoring services to its customers across a variety of industries with a focus on transportation factoring. The Payments segment includes the operations of TBK Bank's TriumphPay division, which is the payments network for presentment, audit, and payment of over-the-road trucking invoices.
TRIUMPH FINANCIAL, INC. 
