Financial services company Triumph Financial (NYSE: TFIN) will be reporting earnings this Wednesday afternoon. Here’s what to expect.
Triumph Financial beat analysts’ revenue expectations last quarter, reporting revenues of $120.3 million, up 12% year on year. It was a satisfactory quarter for the company, with a solid beat of analysts’ net interest income estimates but a significant miss of analysts’ tangible book value per share estimates.
Is Triumph Financial a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, the market is expecting Triumph Financial’s revenue to grow 13.3% year on year, improving from the 2.7% increase it recorded in the same quarter last year.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business will stay the course heading into earnings. Triumph Financial has missed Wall Street’s revenue estimates multiple times over the last two years.
Looking at Triumph Financial’s peers in the regional banks segment, some have already reported their Q3 results, giving us a hint as to what we can expect. Washington Trust Bancorp delivered year-on-year revenue growth of 15%, beating analysts’ expectations by 4.1%, and Independent Bank reported revenues up 7.4%, topping estimates by 0.6%. Independent Bank traded up 3.6% following the results.
Read our full analysis of Washington Trust Bancorp’s results here and Independent Bank’s results here.
Over the past year, investors have repeatedly shifted their focus from one macro narrative to another (AI disruption and AI capex spending to geopolitics, interest rates, and the broader health of the economy). While some of the regional banks stocks have shown solid performance in this choppy environment, the group has generally underperformed, with share prices down 5.7% on average over the last month. Triumph Financial is down 1.4% during the same time and is heading into earnings with an average analyst price target of $75 (compared to the current share price of $61.49).
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