Triumph Financial First Quarter 2024 Earnings: Misses Expectations

Triumph Financial (NASDAQ:TFIN) First Quarter 2024 Results

Key Financial Results

• Revenue: US$95.1m (down 6.5% from 1Q 2023).

• Net income: US$3.36m (down 67% from 1Q 2023).

• Profit margin: 3.5% (down from 10.0% in 1Q 2023).

• EPS: US$0.14 (down from US$0.44 in 1Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Triumph Financial Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 4.7%. Earnings per share (EPS) also missed analyst estimates by 59%.

Looking ahead, revenue is forecast to grow 13% p.a. on average during the next 2 years, compared to a 5.8% growth forecast for the Banks industry in the US.

Performance of the American Banks industry.

The company’s shares are down 12% from a week ago.

Risk Analysis

We don’t want to rain on the parade too much, but we did also find 2 warning signs for Triumph Financial that you need to be mindful of.

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