Triumph Financial, Inc.

For the period ended Mar 31, 2026. Filed Apr 21, 2026.

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Mar 31, 2026 · Filed Apr 21, 2026

TFIN$61.58-2.4%Stored close · as of Nov 10, 2026

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Contents

Consolidated Statements of Cash Flows

	Three Months Ended March 31,
	2026	2025
Cash flows from operating activities:
Net income	$6,355	$17
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Depreciation	2,883	3,944
Net accretion on loans	(100)	(247)
Amortization of subordinated notes issuance costs	50	70
Amortization of junior subordinated debentures	163	155
Net (accretion) amortization on securities	(68)	(131)
Amortization of intangible assets	2,516	2,400
Software amortization	3,300	1,992
Deferred taxes, net	4,923	1,814
Credit loss expense (benefit)	(607)	1,330
Stock based compensation	3,418	2,831
Net (gains) losses on equity securities	29	(67)
Net OREO (gains) losses and valuation adjustments	(102)	—
Net (gains) losses on disposal of premises and equipment	(606)	(846)
Origination of loans held for sale	(5,539)	(4,611)
Proceeds from sale of loans originated or purchased for sale	3,272	5,725
Net (gains) losses on sale of loans	(87)	(134)
Net change in operating leases	(156)	(111)
Change in estimated fair value of revenue share asset	122	(173)
(Increase) decrease in other assets	(3,977)	(4,809)
Increase (decrease) in other liabilities	(10,734)	(12,767)
Net cash provided by (used in) operating activities	5,055	(3,618)
Cash flows from investing activities:
Purchases of securities available for sale	—	(85,001)
Proceeds from maturities, calls, and pay downs of securities available for sale	23,613	54,318
Proceeds from maturities, calls, and pay downs of securities held to maturity	43	46
Purchases of loans held for investment	(3,489)	(4,437)
Proceeds from sale of loans	—	2,989
Net change in loans	(195,782)	(126,125)
Purchases of premises and equipment	(1,748)	(4,247)
Proceeds from sales of premises and equipment	1,050	11,454
Net proceeds from sale of OREO	312	—
Expenditures for capitalized software	(5,252)	(4,890)
(Purchases) redemptions of FHLB and other restricted stock, net	9,887	1,067
Acquired intangible assets	—	(123)
Net cash provided by (used in) investing activities	(171,366)	(154,949)
Cash flows from financing activities:
Net increase (decrease) in deposits	749,723	155,930
Increase (decrease) in Federal Home Loan Bank advances	(250,000)	175,000
Preferred stock dividends	(801)	(801)
Stock option exercises, net	(211)	25
Proceeds from employee stock purchase plan common stock issuance	1,160	1,368
Purchase of treasury stock, net	(92)	(128)
Net cash provided by (used in) financing activities	499,779	331,394
Net increase (decrease) in cash and cash equivalents	333,468	172,827
Cash and cash equivalents at beginning of period	248,471	330,117
Cash and cash equivalents at end of period	581,939	502,944

CONSOLIDATED STATEMENTS OF CASH FLOWS

	Three Months Ended March 31,
	2026	2025
Supplemental cash flow information:
Interest paid	$19,718	$17,130
Income taxes paid, net	$139	$(45)
Cash paid for operating lease liabilities	$1,515	$1,478
Supplemental noncash disclosures:
Loans held for investment transferred to loans held for sale	$—	$5,747
Lease liabilities arising from obtaining right-of-use assets	$—	$35

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