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what it is
Triumph is a regional bank that also lends, factors invoices, and sells payment tools to trucking businesses.
how it gets paid
Last year Triumph Financial made $430M in revenue. net interest income was the main engine at $350.6M, or 82% of sales.
why it's growing
Revenue grew 1.9% last year. Revenue grew 194% vs. prior year, while EPS grew 300% vs. prior year from a very low base.
what just happened
Revenue hit $320M and EPS rose to $0.16, but the bigger story is how small the profit base still is.
At a glance
B balance sheet — gets the job done, barely
40/100 earnings predictability — expect surprises
74.8x trailing p/e — you're paying up for this one
$0.93 fy2025 eps est
$3M fy2024 rev est
xvary composite: 53/100 — below average
What they do
Triumph is a regional bank that also lends, factors invoices, and sells payment tools to trucking businesses.
Triumph wins by putting banking, lending, factoring, and treasury tools under one roof for business customers. It ran 66 branches and employed 1,553 people as of September 30, 2025, which gives you actual distribution, not a slide deck. The quiet part: if your trucking customer already uses its deposits, loans, and invoice funding in one place, leaving gets operationally annoying.
How they make money
$430M
annual revenue · their business grew +1.9% last year
net interest income
$350.6M
+1.9%
factoring services
$35.0M
+17.7%
payments and transportation tech
$20.0M
+17.7%
treasury, trust, and deposit fees
$14.4M
+1.9%
insurance brokerage and other
$10.0M
+1.9%
The products that matter
freight invoice financing
Factoring
2026 target · low-teens growth
management is targeting low-teens percentage growth in 2026. That's the part of the story the premium multiple is really paying for.
growth engine
transaction processing
Payments
Q4 2025 · $121.8M
this business did $121.8M in Q4 2025 revenue, up 17.7% from a year ago. It's growing faster than the rest of the company.
17.7% growth
commercial lending and deposits
Banking
FY2025 · $350.59M
full-year 2025 net interest income was $350.59M. This is still the earnings base that keeps the whole structure standing.
core earnings base
Key numbers
74.8x
trailing p/e
P/E → price divided by earnings → so what: you are paying nearly 75 years of current profits for a bank that earned just $0.74 per share.
$0.93
fy2025 eps
EPS estimate → expected profit per share → so what: this number is doing a lot of work, because the stock looks expensive if profits land below $0.93.
$142M
long-term debt
Long-term debt → money owed over years → so what: at 10% of capital, leverage looks manageable even if earnings stay uneven.
$430M
annual revenue
Revenue → total sales → so what: this is a small company with a roughly $1B market cap, so every growth point matters.
Financial health
B
strength
- balance sheet grade B — adequate — nothing special
- risk rank 3 — safer than 50% of stocks
- price stability 25 / 100
- long-term debt $142M (10% of capital)
B — functional but not a standout on the balance sheet.
Total return vs. market
Return history isn't available for TFIN right now.
source: institutional data · return history unavailable
What just happened
beat estimates
Revenue hit $320M and EPS rose to $0.16, but the bigger story is how small the profit base still is.
Quarterly revenue grew 194% vs. prior year, while EPS grew 300% vs. prior year from a very low base. Instant translation: growth looked huge because the starting point was tiny.
$320M
revenue
$0.16
eps
+194%
revenue vs. last year
the number that mattered
The number that mattered was $0.16 in quarterly EPS, because it shows improvement but still leaves the stock trading at a rich multiple versus actual profit.
source: company earnings report, 2026
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What could go wrong
the top risk is freight weakness hitting factoring volumes before payments becomes large enough to carry the story.
high
Freight cycle weakness
TFIN's most interesting growth angle is tied to trucking invoices and freight workflows. If freight volumes soften, factoring growth can miss before the market gets the platform story it paid for.
Impact: the company is being valued on low-teens factoring ambitions while total recent revenue growth is only 4%.
med
Premium multiple compression
A reported 61.4x–74.8x P/E can work if growth accelerates. It gets unforgiving fast if the business keeps growing more like a bank than a platform.
Impact: you don't need bad results for the stock to de-rate. You just need results that look ordinary.
med
Execution and compliance drag
This is a hybrid model: bank, payments business, and factoring franchise. Management has also signaled a 5% expense base reduction. There are more moving parts here than in a plain lender.
Impact: if expense saves slip or compliance costs rise, earnings can disappoint even when revenue looks fine.
The market is paying for acceleration on a $436M revenue base. If overall growth stays near 4% while factoring and payments fail to widen the gap, the premium multiple has nowhere to hide.
source: institutional data · regulatory filings · risk analysis
Pay attention to
growth
factoring needs to hit the low-teens target
Management framed factoring as the 2026 growth engine. If that growth comes in softer, the market will start questioning why this trades at a premium multiple.
calendar
2026 annual meeting
Scheduled for April 23, 2026 in Dallas. Watch for updates on capital allocation and whether the $30M repurchase authorization is being used or just admired.
efficiency
the 5% expense base reduction
This matters because high-multiple stocks do not get much patience for cost creep. You want to see expense discipline show up in reported results, not just in slides.
risk
regulatory and compliance follow-through
Banking and payments come with overhead. If compliance costs rise or oversight tightens, it can dilute the margin benefit from any growth the operating businesses produce.
Analyst rankings
earnings predictability
40 / 100
In human-speak: these numbers are lumpy. Expect more variation quarter to quarter than you would from a plain-vanilla regional bank.
risk rank
3
Safer than roughly half the market. Not fragile, not defensive.
source: institutional data
Institutional activity
institutional ownership data for TFIN is being compiled.
source: institutional data
Price targets
3-5 year target range
n/a
n/a
$70
current price
n/a
target midpoint · n/a from current
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