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Triumph Financial (TFIN) Reports Earnings Tomorrow: What To Expect

TFIN Cover Image

Financial services company Triumph Financial (NASDAQ: TFIN) will be announcing earnings results this Wednesday afternoon. Here’s what to look for.

Triumph Financial missed analysts’ revenue expectations by 3.8% last quarter, reporting revenues of $100.8 million, flat year on year. It was a disappointing quarter for the company, with a significant miss of analysts’ tangible book value per share estimates and a significant miss of analysts’ net interest income estimates.

Is Triumph Financial a buy or sell going into earnings? Read our full analysis here, it’s free.

This quarter, analysts are expecting Triumph Financial’s revenue to grow 1.2% year on year to $106.3 million, in line with the 2.1% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.05 per share.

Triumph Financial Total Revenue

The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings.

Looking at Triumph Financial’s peers in the banks segment, only FB Financial has reported results so far. It missed analysts’ revenue estimates by 43.5%, posting year-on-year sales declines of 40.1%.

Read our full analysis of FB Financial’s earnings results here.

There has been positive sentiment among investors in the banks segment, with share prices up 11.6% on average over the last month. Triumph Financial is up 12.3% during the same time and is heading into earnings with an average analyst price target of $60.50 (compared to the current share price of $65.45).

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