Triumph Financial (NASDAQ:TFIN) First Quarter 2024 Results
Key Financial Results
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Revenue: US$95.1m (down 6.5% from 1Q 2023).
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Net income: US$3.36m (down 67% from 1Q 2023).
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Profit margin: 3.5% (down from 10.0% in 1Q 2023).
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EPS: US$0.14 (down from US$0.44 in 1Q 2023).
earnings-and-revenue-history
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…
