Triumph Bancorp
Market Cap
US$964.2m
Last Updated
2019/12/13 00:50 UTC
Data Sources
Company Financials +
Executive Summary
Triumph Bancorp, Inc. operates as a financial holding company for TBK Bank, SSB that provides banking and commercial finance products and services to retail customers and small-to-mid-sized businesses in the United States.
Rewards
Risk Analysis
Snowflake Analysis
Solid track record with excellent balance sheet.
Share Price & News
How has Triumph Bancorp's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: TBK has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
1.8%
TBK
3.4%
US Banks
1.3%
US Market
1 Year Return
16.1%
TBK
26.8%
US Banks
19.4%
US Market
Return vs Industry: TBK underperformed the US Banks industry which returned 26.8% over the past year.
Return vs Market: TBK underperformed the US Market which returned 19.4% over the past year.
Shareholder returns
| TBK | Industry | Market | |
|---|---|---|---|
| 7 Day | 1.8% | 3.4% | 1.3% |
| 30 Day | 14.4% | 3.8% | 2.6% |
| 90 Day | 17.3% | 10.7% | 5.0% |
| 1 Year | 16.1%16.1% | 30.6%26.8% | 22.0%19.4% |
| 3 Year | 57.7%57.7% | 33.9%24.5% | 46.8%37.3% |
| 5 Year | 173.2%173.2% | 76.7%57.0% | 66.3%48.0% |
Price Volatility Vs. Market
How volatile is Triumph Bancorp's share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 days ago | Simply Wall St
Do Triumph Bancorp's (NASDAQ:TBK) Earnings Warrant Your Attention?2 weeks ago | Simply Wall St
Did Triumph Bancorp, Inc. (NASDAQ:TBK) Insiders Buy Up More Shares?4 weeks ago | Simply Wall St
Why Triumph Bancorp, Inc.'s (NASDAQ:TBK) CEO Pay Matters To YouValuation
Is Triumph Bancorp undervalued compared to its fair value and its price relative to the market?
1.3%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: TBK ($38.25) is trading below our estimate of fair value ($38.74)
Significantly Below Fair Value: TBK is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: TBK is poor value based on its PE Ratio (16.8x) compared to the Banks industry average (12.9x).
PE vs Market: TBK is good value based on its PE Ratio (16.8x) compared to the US market (18.7x).
Price to Earnings Growth Ratio
PEG Ratio: TBK is poor value based on its PEG Ratio (3x)
Price to Book Ratio
PB vs Industry: TBK is overvalued based on its PB Ratio (1.5x) compared to the US Banks industry average (1.2x).
Next Steps
Future Growth
How is Triumph Bancorp forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?
5.6%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: TBK's forecast earnings growth (5.6% per year) is above the savings rate (1.7%).
Earnings vs Market: TBK's earnings (5.6% per year) are forecast to grow slower than the US market (14.3% per year).
High Growth Earnings: TBK's earnings are forecast to grow, but not significantly.
Revenue vs Market: TBK's revenue (8.5% per year) is forecast to grow faster than the US market (7.3% per year).
High Growth Revenue: TBK's revenue (8.5% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: TBK's Return on Equity is forecast to be low in 3 years time (9.9%).
Next Steps
Past Performance
How has Triumph Bancorp performed over the past 5 years?
21.0%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: TBK has high quality earnings.
Growing Profit Margin: TBK's current net profit margins (21.8%) are higher than last year (18.6%).
Past Earnings Growth Analysis
Earnings Trend: TBK's earnings have grown significantly by 21% per year over the past 5 years.
Accelerating Growth: TBK's earnings growth over the past year (53%) exceeds its 5-year average (21% per year).
Earnings vs Industry: TBK earnings growth over the past year (53%) exceeded the Banks industry 27.1%.
Return on Equity
High ROE: TBK's Return on Equity (9.5%) is considered low.
Return on Assets
Return on Capital Employed
Next Steps
Financial Health
How is Triumph Bancorp's financial position? (This company is analysed differently as a bank or financial institution)
Financial Position Analysis
Debt to Equity History and Analysis
Balance Sheet
Inventory Level: TBK has a low level of unsold assets or inventory.
Debt Coverage by Assets: TBK's debt is not covered by short term assets (assets are 0.2x debt).
Financial Institutions Analysis
Asset Level: TBK's level of assets compared to its equity is low.
Allowance for Bad Loans: TBK has a low allowance for bad loans.
Low Risk Liabilities: TBK's liabilities are made up of primarily low risk sources of funding.
Loan Level: TBK has an acceptable proportion of non-loan assets held.
Low Risk Deposits: TBK's loans are broadly funded by customer deposits.
Level of Bad Loans: TBK has an appropriate level of bad loans (1%)
Next Steps
Dividend
What is Triumph Bancorp's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: Unable to evaluate TBK's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.
High Dividend: Unable to evaluate TBK's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if TBK's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if TBK's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of TBK's dividend in 3 years as they are not forecast to pay a notable one for the US market.
Next Steps
Management
What is the CEO of Triumph Bancorp's salary, the management and board of directors tenure and is there insider trading?
5.9yrs
Average management tenure
CEO
Aaron Graft (41yo)
9.2yrs
Tenure
US$1,123,584
Compensation
Mr. Aaron P. Graft is the Vice Chairman, Chief Executive Officer and Public Information Officer of TBK Bank, SSB ( the “Bank”). He is the Founder and Vice Chairman of Triumph Bancorp, Inc. (the “Company”) ...
CEO Compensation Analysis
Compensation vs Market: Aaron's total compensation ($USD1.12M) is below average for companies of similar size in the US market ($USD2.63M).
Compensation vs Earnings: Aaron's compensation has been consistent with company performance over the past year.
Management Age and Tenure
5.9yrs
Average Tenure
51yo
Average Age
Experienced Management: TBK's management team is seasoned and experienced (5.9 years average tenure).
Board Age and Tenure
9.9yrs
Average Tenure
59.5yo
Average Age
Experienced Board: TBK's board of directors are considered experienced (9.9 years average tenure).
Insider Trading
Insider Buying: TBK insiders have sold more shares than they have bought in the past 3 months.
Recent Insider Transactions
| Entity | Individual |
| Role | Member of the Board of Directors Independent Director |
| Shares | 1,500 |
| Max Price | US$32.60 |
| Entity | Individual |
| Role | Chief Executive Officer President |
| Shares | 3,500 |
| Max Price | US$32.51 |
| Entity | Individual |
| Role | Member of the Board of Directors Independent Director |
| Shares | 1,000 |
| Max Price | US$27.94 |
| Entity | Individual |
| Role | Member of the Board of Directors Independent Director |
| Shares | 800 |
| Max Price | US$29.10 |
| Entity | Individual |
| Role | Member of the Board of Directors Independent Director |
| Shares | 1,000 |
| Max Price | US$28.76 |
| Entity | Individual |
| Role | Chairman of the Board Chairman |
| Shares | 3,500 |
| Max Price | US$27.71 |
| Entity | Individual |
| Role | Member of the Board of Directors Independent Director |
| Shares | 1,500 |
| Max Price | US$27.70 |
| Entity | Individual |
| Role | Chairman of the Board Chairman |
| Shares | 3,000 |
| Max Price | US$29.43 |
| Entity | Individual |
| Role | Member of the Board of Directors Independent Director |
| Shares | 1,500 |
| Max Price | US$29.25 |
| Entity | Individual |
| Role | Member of the Board of Directors Independent Director |
| Shares | 3 |
| Max Price | US$31.66 |
| Entity | Individual |
| Role | Member of the Board of Directors Independent Director |
| Shares | 3,225 |
| Max Price | US$31.11 |
| Entity | Individual |
| Role | Member of the Board of Directors Independent Director |
| Shares | 1,000 |
| Max Price | US$30.85 |
Ownership Breakdown
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 13%.
Management Team
Todd Ritterbusch
Chief Lending Officer
- Tenure: 0.6yrs
Aaron Graft (41yo)
President
- Tenure: 9.2yrs
- Compensation: US$1.12m
R. Fowler (65yo)
Executive VP
- Tenure: 9.9yrs
- Compensation: US$601.20k
Gail Lehmann (61yo)
Executive VP & Secretary
- Tenure: 3.1yrs
- Compensation: US$520.93k
Adam Nelson (41yo)
Executive VP & General Counsel
- Tenure: 6.9yrs
- Compensation: US$498.47k
Jim Allin
Senior Vice President of Asset Based Lending - Triumph Commercial Finance
- Tenure: 5.3yrs
Luke Wyse
Senior Vice President of Finance & Investor Relations
- Tenure: 5.9yrs
Amanda Tavackoli
Senior Vice President of Marketing & Communications
- Tenure: 0yrs
Board Members
Carlos Sepulveda (61yo)
Chairman
- Tenure: 9.9yrs
- Compensation: US$148.46k
Rick Davis (65yo)
Independent Director
- Tenure: 9.9yrs
- Compensation: US$64.97k
Doug Kratz (68yo)
Independent Director
- Tenure: 6.2yrs
- Compensation: US$115.44k
Chuck Anderson (58yo)
Independent Director
- Tenure: 9.9yrs
- Compensation: US$73.97k
C. Sparks (51yo)
Independent Director
- Tenure: 9.9yrs
- Compensation: US$121.19k
Maribess Miller (66yo)
Independent Director
- Tenure: 5.4yrs
- Compensation: US$81.98k
Aaron Graft (41yo)
President
- Tenure: 9.2yrs
- Compensation: US$1.12m
Robert Dobrient (57yo)
Independent Director
- Tenure: 9.9yrs
- Compensation: US$79.07k
Justin Trail (48yo)
Independent Director
- Tenure: 9.9yrs
- Compensation: US$72.97k
Mike Rafferty (65yo)
Independent Director
- Tenure: 5.4yrs
- Compensation: US$100.47k
Company Information
Triumph Bancorp, Inc.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: Triumph Bancorp, Inc.
- Ticker: TBK
- Exchange: NasdaqGS
- Founded:
- Industry: Regional Banks
- Sector: Banks
- Market Cap: US$964.231m
- Shares outstanding: 25.21m
- Website: https://www.triumphbancorp.com
Number of Employees
Location
- Triumph Bancorp, Inc.
- 12700 Park Central Drive
- Suite 1700
- Dallas
- Texas
- 75251
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| TBK | NasdaqGS (Nasdaq Global Select) | Yes | Common Stock | US | USD | Nov 2014 |
Biography
Triumph Bancorp, Inc. operates as a financial holding company for TBK Bank, SSB that provides banking and commercial finance products and services to retail customers and small-to-mid-sized businesses in t ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2019/12/13 00:50 |
| End of Day Share Price | 2019/12/12 00:00 |
| Earnings | 2019/09/30 |
| Annual Earnings | 2018/12/31 |
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.