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Triumph Financial, Inc. (TFIN)
:TFIN
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Earnings Data
Report Date
Jan 22, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.24Last Year’s EPS
0.37Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 17, 2018
|% Change Since: 9.19%
|Next Earnings Date:Jul 18, 2018
Earnings Call Sentiment|Neutral
The earnings call highlighted significant advances in Triumph's technology and partnerships, particularly with TriumphPay and C.H. Robinson, and demonstrated robust fee revenue growth despite challenging freight market conditions. However, the loss of a factoring client and ongoing concerns about the freight market and independent truckers were notable challenges.Company Guidance
During the Q3 2024 earnings call for Triumph Financial (TFIN), management provided a comprehensive overview of the company's current performance and future outlook. The company is leveraging technological advancements, such as artificial intelligence and machine learning, to enhance its factoring operations, facilitating invoice purchases without human intervention. They highlighted the successful onboarding of C.H. Robinson to the TriumphPay network, with expectations to see significant contributions to revenue from this relationship by the second half of 2025. TriumphPay's fee revenue has shown impressive growth, increasing over 30% year-over-year despite ongoing challenges in the freight market, which has been in recession for 33 months. The company is optimistic about the long-term prospects of the small trucking industry, despite the current contraction due to market conditions. Additionally, Triumph's banking operations reported strong deposit growth, notably in noninterest-bearing accounts, contributing to a low cost of funds at 1.57%. Looking ahead, Triumph aims to expand its LoadPay service offerings and further capitalize on its strategic relationships and technological innovations.TriumphPay Expansion and C.H. Robinson Partnership
C.H. Robinson has gone live with TriumphPay and is in a pilot launch of FaaS and LoadPay. Expected to see majority of C.H. Robinson's truckload volume on the platform by end of Q4 2024 into Q1 2025.
Innovative Technology in Factoring Business
Implementation of AI and machine learning models to purchase invoices without human intervention, allowing funding when banks are typically closed.
Successful Fee Revenue Growth
Despite a prolonged freight recession, TriumphPay saw over 30% year-over-year fee revenue growth.
Deposit Growth and Low Cost of Funds
Triumph saw an increase in noninterest-bearing deposits, particularly in mortgage warehouse servicing deposits, contributing to a cost of funds at 1.57%.
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TFIN Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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TFIN Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 16, 2024 | $83.11 | $87.11 | +4.81% |
| Jul 17, 2024 | $93.66 | $82.38 | -12.04% |
| Apr 17, 2024 | $74.13 | $68.10 | -8.13% |
| Jan 23, 2024 | $76.91 | $74.11 | -3.64% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Triumph Financial, Inc. (TFIN) report earnings?
Triumph Financial, Inc. (TFIN) is schdueled to report earning on Jan 22, 2025, TBA Not Confirmed.
What is Triumph Financial, Inc. (TFIN) earnings time?
Triumph Financial, Inc. (TFIN) earnings time is at Jan 22, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is TFIN EPS forecast?
TFIN EPS forecast for the fiscal quarter 2024 (Q4) is 0.24.
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