Triumph Financial reports Q2 EPS 8c, consensus 22c

Reports Q2 revenue $105.08M, consensus $104.08M. Reports Q2 tangible book value per share $24.60. Reports Q2 net charge-offs .06%. The company said, “Second quarter earnings were as expected in light of the now 30th month of a freight recession. However, it also included some significant wins for Triumph that will create future shareholder value. As I said in my opening remarks last quarter, unless and until seasonal patterns change, I do not see the outlook for earnings changing through year-end. We will continue to accrue capital and watch for opportunities to deploy it. Our pipeline remains full, and I remain excited about our long-term momentum and our ability to win.”