10-Q · July 21, 2026
Triumph Financial delivered sharply higher Q2 earnings, with diluted EPS of $0.44 versus $0.15 a year earlier, driven by 30.0% Factoring revenue growth and 29.4% Payments revenue growth. Deposit growth and the…
Earnings analysis · 10-Q
TFIN earnings analysis
Filed October 21, 2026 · Our reading of the company's report
The latest report
Triumph Financial reported third-quarter revenue of $125.672 million, which exceeded consensus by 2.2%, while diluted EPS of $0.52 missed the $0.60 estimate by 13.3%. EPS improved from $0.04 in 3Q25 and $0.44 in 2Q26,…
Read full summary
Triumph Financial reported third-quarter revenue of $125.672 million, which exceeded consensus by 2.2%, while diluted EPS of $0.52 missed the $0.60 estimate by 13.3%. EPS improved from $0.04 in 3Q25 and $0.44 in 2Q26, but the filing excerpt does not provide current-quarter gross margin, operating margin, free cash flow, balance-sheet, or segment figures. The principal material risk disclosed is the $60.5 million Tricolor floorplan facility, including approximately $22.5 million held by the Bank, while interest-rate sensitivity also increased modestly versus December 31, 2025.
How we read each report
Our analysis across the last few reports.
Our model's reading of each filing, not the share price or the market's reaction. Annual and quarterly reports each occupy one position.
Reported figures
- Earnings per share
- $0.52
What stood out
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Revenue beat consensus
Third-quarter revenue was $125.672 million, 2.2% above the $122.939 million consensus estimate and down from $145.6 million in 2Q26 based on the reported quarterly history.
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EPS improved year over year
Diluted EPS was $0.52, missing the $0.60 consensus estimate by $0.08, or 13.3%, and increasing from $0.44 in 2Q26 and $0.04 in 3Q25.
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Higher-rate NII exposure remains positive
The company’s simulated net interest income sensitivity at September 30, 2026 was positive 2.8% under a 400-basis-point rate increase over the following 12 months, versus positive 9.3% at December 31, 2025.
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Controls remained effective
Disclosure controls were effective as of September 30, 2026, and management reported no changes in internal control over financial reporting that materially affected, or were reasonably likely to materially affect, controls during the quarter.
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Tricolor collateral position affirmed
Management stated that the Bank’s collateral position adequately secured the $60.5 million Tricolor floorplan facility as of September 30, 2026; the Bank held approximately $22.5 million of the facility.
What to watch
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Tricolor bankruptcy collateral risk
Tricolor and its affiliates filed for Chapter 7 bankruptcy on September 10, 2025. The Bank holds approximately $22.5 million of the $60.5 million facility, and competing creditor claims over collateral could result in material losses.
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Interest-rate downside sensitivity increased
The economic value of equity at risk under a parallel 300-basis-point rate decline was negative 9.0% at September 30, 2026, compared with negative 8.5% at December 31, 2025, indicating modestly greater downside sensitivity.
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Profitability missed expectations
The reported $0.52 diluted EPS was $0.08 below the $0.60 consensus estimate, a 13.3% shortfall, despite revenue of $125.672 million exceeding consensus by 2.2%.
Management's outlook
The 10-Q does not provide formal quantitative revenue or EPS guidance. The filing contains no explicit numeric outlook; prior-period management commentary referenced approximately $100 million of expected 4Q26 core expense and a roughly $3.50 2027 EPS framework, but those figures are not presented in this 10-Q.
Earlier filings 2
10-Q · April 21, 2026
Triumph Financial reported improving year-over-year operating results for 1Q2026 driven by higher net interest income, fee income and a credit loss benefit. Net interest income after credit loss was $86,701,000 and…
This is our reading of a public filing, not the filing itself. Analysis can contain errors; check the source document for full context.