Triumph Financial, Inc.

For the period ended Jun 30, 2025. Filed Jul 16, 2025.

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.

Jun 30, 2025 · Filed Jul 16, 2025

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

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Contents

Consolidated Statements of Cash Flows

For the Six Months Ended June 30, 2025 and 2024

	Six Months Ended June 30,
	2025	2024
Cash flows from operating activities:
Net income	$4,437	$6,905
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Depreciation	7,899	7,604
Net accretion on loans	(778)	(1,598)
Amortization of subordinated notes issuance costs	118	261
Amortization of junior subordinated debentures	314	302
Net (accretion) amortization on securities	(216)	(593)
Amortization of intangible assets	5,800	5,593
Software amortization	4,857	2,531
Deferred taxes, net	4,164	2,243
Credit loss expense (benefit)	628	10,051
Stock based compensation	6,261	7,066
Net (gains) losses on equity securities	(81)	(468)
Net OREO (gains) losses and valuation adjustments	—	16
Net (gains) losses on disposal of premises and equipment	(443)	—
Origination of loans held for sale	(8,627)	(3,495)
Proceeds from sale of loans originated or purchased for sale	8,101	1,368
Net (gains) losses on sale of loans	(324)	69
Net change in operating leases	(217)	312
Change in estimated fair value of indemnification asset	409	409
Change in estimated fair value of revenue share asset	(274)	(879)
(Increase) decrease in other assets	(36,001)	(11,556)
Increase (decrease) in other liabilities	10,152	(15,015)
Net cash provided by (used in) operating activities	6,179	11,126
Cash flows from investing activities:
Purchases of securities available for sale	(105,000)	(83,261)
Proceeds from maturities, calls, and pay downs of securities available for sale	95,028	43,194
Proceeds from maturities, calls, and pay downs of securities held to maturity	135	307
Purchases of loans held for investment	(21,742)	(2,503)
Proceeds from sale of loans	13,795	18,016
Net change in loans	(406,345)	(141,637)
Purchases of premises and equipment	(7,294)	(53,735)
Proceeds from sales of premises and equipment	11,455	—
Net proceeds from sale of OREO	—	64
Expenditures for capitalized software	(9,897)	(10,748)
(Purchases) redemptions of FHLB and other restricted stock, net	715	238
Net cash paid for acquisitions	(137,517)	—
Acquired intangible assets	(124)	(2,920)
Net cash provided by (used in) investing activities	(566,791)	(232,985)
Cash flows from financing activities:
Net increase (decrease) in deposits	365,278	414,540
Increase (decrease) in Federal Home Loan Bank advances	150,000	25,000
Preferred stock dividends	(1,603)	(1,603)
Stock option exercises, net	25	144
Proceeds from employee stock purchase plan common stock issuance	1,368	1,099
Purchase of treasury stock, net	(2,227)	(3,293)
Net cash provided by (used in) financing activities	512,841	435,887
Net increase (decrease) in cash and cash equivalents	(47,771)	214,028
Cash and cash equivalents at beginning of period	330,117	286,635
Cash and cash equivalents at end of period	282,346	500,663

CONSOLIDATED STATEMENTS OF CASH FLOWS

For the Six Months Ended June 30, 2025 and 2024

	Six Months Ended June 30,
	2025	2024
Supplemental cash flow information:
Interest paid	$37,472	$33,824
Income taxes paid, net	$1,642	$646
Cash paid for operating lease liabilities	$2,952	$2,425
Supplemental noncash disclosures:
Loans transferred to OREO	$1,995	$43
Loans held for investment transferred to loans held for sale	$18,075	$16,388
Lease liabilities arising from obtaining right-of-use assets	$548	$2,382

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The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.