Triumph Financial Inc
For the period ended Mar 31, 2024. Filed Apr 17, 2024.
View on SEC.govAbout 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, 2024 · Filed Apr 17, 2024
TFIN$61.58-2.4%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Statements of Cash Flows
| Three Months Ended March 31, | ||
|---|---|---|
| 2024 | 2023 | |
| Cash flows from operating activities: | ||
| Net income | $4,158 | $11,010 |
| Adjustments to reconcile net income to net cash provided by (used in) operating activities: | ||
| Depreciation | 3,612 | 3,084 |
| Net accretion on loans | (471) | (1,810) |
| Amortization of subordinated notes issuance costs | 129 | 216 |
| Amortization of junior subordinated debentures | 149 | 141 |
| Net (accretion) amortization on securities | (343) | (202) |
| Amortization of intangible assets | 2,724 | 2,850 |
| Software amortization | 1,174 | 987 |
| Deferred taxes, net | 857 | 4,540 |
| Credit loss expense (benefit) | 5,896 | 2,613 |
| Stock based compensation | 3,627 | 2,881 |
| Net (gains) losses on equity securities | 47 | (90) |
| Origination of loans held for sale | (165) | (1,101) |
| Proceeds from sale of loans originated or purchased for sale | 123 | 1,110 |
| Net (gains) losses on sale of loans | 192 | 84 |
| Net change in operating leases | (539) | (3) |
| (Increase) decrease in other assets | (8,269) | (10,395) |
| Increase (decrease) in other liabilities | (28,871) | (14,888) |
| Net cash provided by (used in) operating activities | (15,970) | 1,027 |
| Cash flows from investing activities: | ||
| Proceeds from sales of equity securities | — | 783 |
| Purchases of securities available for sale | (33,108) | (64,507) |
| Proceeds from maturities, calls, and pay downs of securities available for sale | 12,739 | 3,820 |
| Proceeds from maturities, calls, and pay downs of securities held to maturity | 67 | 112 |
| Purchases of loans held for investment | (995) | (9,208) |
| Proceeds from sale of loans | 3,895 | 34,687 |
| Net change in loans | (38,971) | (214,005) |
| Purchases of premises and equipment, net | (52,699) | (15,384) |
| (Purchases) redemptions of FHLB and other restricted stock, net | 9,514 | (18,254) |
| Acquired intangible assets | (2,920) | (3,042) |
| Net cash provided by (used in) investing activities | (102,478) | (284,998) |
| Cash flows from financing activities: | ||
| Net increase (decrease) in deposits | 473,485 | (132,342) |
| Increase (decrease) in customer repurchase agreements | — | 2,868 |
| Increase (decrease) in Federal Home Loan Bank advances | (225,000) | 500,000 |
| Preferred stock dividends | (801) | (801) |
| Stock option exercises, net | 144 | (33) |
| Proceeds from employee stock purchase plan common stock issuance | 1,099 | 997 |
| Purchase of treasury stock, net | (81) | (77,185) |
| Net cash provided by (used in) financing activities | 248,846 | 293,504 |
| Net increase (decrease) in cash and cash equivalents | 130,398 | 9,533 |
| Cash and cash equivalents at beginning of period | 286,635 | 408,182 |
| Cash and cash equivalents at end of period | 417,033 | 417,715 |
CONSOLIDATED STATEMENTS OF CASH FLOWS
| Three Months Ended March 31, | ||
|---|---|---|
| 2024 | 2023 | |
| Supplemental cash flow information: | ||
| Interest paid | $16,190 | $5,747 |
| Income taxes paid, net | $133 | $1,905 |
| Cash paid for operating lease liabilities | $1,893 | $1,293 |
| Supplemental noncash disclosures: | ||
| Loans held for investment transferred to loans held for sale | $6,521 | $33,147 |
| Lease liabilities arising from obtaining right-of-use assets | $1,182 | $455 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.