|Over a week ago|
Triumph Bancorp reports Q2 adjusted EPS $1.17, consensus $1.02 » 16:1407/2107/21/21
Reports Q2 revenue…
Reports Q2 revenue $104.18M, consensus $99.32M. Reports Q2 CET1 capital ratio 8.74%. Reports Q2 tangible book value per share $18.35. Reports Q2 net charge-offs .01%.
Triumph Bancorp CFO Bryce Fowler to retire, Brad Voss to succeed » 16:1007/1507/15/21
Triumph Bancorp announced…
Triumph Bancorp announced that after a more than 40-year career in finance, Bryce Fowler would retire from his position as executive vice president and CFO of the company effective September 1. Fowler and the company are negotiating the terms of a consulting agreement, which will set forth the terms of the consulting services Fowler is expected to provide to the company for an anticipated term of three years following his retirement. As part of its formal succession plan, the board concurrently announced that effective September 1, Brad Voss, executive vice president and treasurer of the company, will be promoted to executive vice president and CFO. Voss has served as the company's executive vice president and treasurer since 2015. He joined Triumph in a consulting engagement in 2011 and has served in various finance roles since joining the company full-time in 2012.
|Over a month ago|
TriumphPay closes acquisition of Hubtran » 08:4506/0106/01/21
TriumphPay announced that…
TriumphPay announced that it has closed the previously announced acquisition of HubTran, a cloud-based provider of automation software for the transportation industry's back-office. As a result of this acquisition, HubTran will operate as a service of TriumphPay. TriumphPay and HubTran will continue to operate as independent brands until the full integration of the platform is completed, which is expected to occur in the fourth quarter of 2021. Under the terms of the agreement, TriumphPay acquired HubTran for $97M in cash subject to customary purchase price adjustments.
|Over a quarter ago|
Triumph Business Capital appoints Amber Roy as COO » 08:3004/2604/26/21
Triumph Business Capital,…
Triumph Business Capital, a member of the Triumph Bancorp, announced the appointment of Amber Roy as chief operating officer. Roy will report to its chief executive officer, Geoff Brenner. As COO, Roy will be responsible for Triumph Business Capital's day-to-day operations, "ensuring the company delivers quality services while being cost effective and maintaining a positive profit margin," the company said. Roy joins Triumph Business Capital from Caliber Home Loans.
Triumph Bancorp reports Q EPS $1.32, consensus 91c » 16:1704/2104/21/21
Net interest income was…
Net interest income was $83M.;Net interest margin was 6.06%. Yield on loans and the average cost of our total deposits were 7.24% and 0.28%, respectively. .
B. Riley upgrades Triumph Bancorp to Buy on 'transformative acquisition' » 07:3104/0504/05/21
B. Riley Securities…
B. Riley Securities analyst Steve Moss upgraded Triumph Bancorp to Buy from Neutral with a price target of $110, up from $85, following the "transformative acquisition" of automation software maker, HubTran. The acquisition results in a payment network that handles $33B in volume, and should change TriumphPay into an open-loop payment network that will seek to collect interchange income with an addressable market of $150B to $175B, Moss tells investors in a research note. He believes the new business model has the potential longer term to generate "several hundred million in revenue, that is balance sheet light and warrants a sharply higher multiple."
Triumph Bancorp upgraded to Buy from Neutral at B. Riley Securities » 07:2704/0504/05/21
B. Riley Securities…
B. Riley Securities analyst Steve Moss upgraded Triumph Bancorp to Buy from Neutral with a price target of $110, up from $85.
Triumph Bancorp upgraded to Strong Buy from Outperform at Raymond James » 07:2604/0504/05/21
Raymond James analyst…
Raymond James analyst Michael Rose upgraded Triumph Bancorp (TBK) to Strong Buy from Outperform with a price target of $111, up from $78, following Friday's announcement of the HubTran acquisition. While the acquisition is neutral to modestly dilutive to near-term earnings and TBV dilutive, it delivers the final piece of puzzle to enable a shift to an inherently more valuable Visa (V)-style open loop payments network, the analyst tells investors in a research note. Rose expects the deal will both accelerate the sales cycle in adding freight brokers to its payment network and enable the shift to an open loop network.
Triumph Bancorp upgraded to Strong Buy from Outperform at Raymond James » 04:4104/0504/05/21
Raymond James analyst…
Raymond James analyst Michael Rose upgraded Triumph Bancorp to Strong Buy from Outperform with a price target of $111, up from $78.
Triumph Bancorp to acquire HubTran for $97M in cash » 08:1204/0104/01/21
TriumphPay, a division of…
TriumphPay, a division of TBK Bank, SSB, announced that it has entered into a definitive agreement to acquire HubTran, a cloud-based provider of automation software for the transportation industry's back-office. TriumphPay offers tools and services to increase automation, mitigate fraud, create back-office efficiency and improve the payment experience. Through the acquisition of HubTran, TriumphPay is creating additional value through the enhancement of its presentment, settlement, and payment capabilities for shippers, 3PL's and their carriers, and factors. The integration of HubTran's artificial intelligence and machine learning capabilities to the TriumphPay platform will drive meaningful, differentiated outcomes for its platform users. Under the terms of the agreement, TriumphPay will acquire HubTran for $97M in cash subject to customary purchase price adjustments and closing conditions. The acquisition is subject to customary closing conditions, including receipt of regulatory approval, and is expected to close in the second quarter of 2021.