Triumph Bancorp, Inc. reported unaudited consolidated earnings results for the fourth quarter and year ended December 31, 2017. For the quarter, the company reported total interest income of $52,217,000 compared to $37,774,000 a year ago. Net interest income was $45,796,000 compared to $33,544,000 a year ago. Net income before income tax was $14,632,000 compared to $10,395,000 a year ago. Net income available to common stockholders was $6,111,000 compared to $6,064,000 a year ago. Fully diluted earnings per share were $0.29 compared to $0.33 a year ago. Adjusted net income available to common stockholders-diluted was $7,392,000 or $0.34 per diluted share compared to $6,064,000 or $0.33 per diluted share a year ago. Return on average assets was 0.79% compared to 0.96% a year ago. Return on average total equity was 6.35% compared to 8.58% a year ago. Return on average common equity was 6.30% compared to 8.60% a year ago. Return on average tangible common equity was 7.33% compared to 10.32% a year ago.

For the year, the company reported total interest income of $177,224,000 compared to $124,492,000 a year ago. Net interest income was $155,684,000 compared to $112,358,000 a year ago. Net income before income tax was $61,098,000 compared to $33,509,000 a year ago. Net income available to common stockholders was $35,446,000 compared to $19,813,000 a year ago. Fully diluted earnings per share were $1.81 compared to $1.10 a year ago. Adjusted net income available to common stockholders-diluted was $27,340,000 or $1.37 per diluted share compared to $21,963,000 or $1.17 per diluted share a year ago. Return on average assets was 1.27% compared to 1.00% a year ago. Return on average total equity was 10.66% compared to 7.33% a year ago. Return on average common equity was 10.73% compared to 7.29% a year ago. Return on average tangible common equity was 12.50% compared to 8.37% a year ago. Book value per share was $18.35 compared to $15.47 a year ago. Tangible book value per share was $15.29 compared to $12.89 a year ago.

The company recorded total net charge-offs of $1.4 million, or 0.06% of average loans, for the quarter ended December 31, 2017 compared to net charge-offs of $0.0 million, or 0.00% of average loans, for the quarter ended September 30, 2017.