NasdaqGS:TBK

Stock Analysis Report

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.

Snowflake

Fundamentals

Excellent balance sheet with proven track record.

Share Price & News

How has Triumph Bancorp's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

-0.5%

TBK

1.4%

US Banks

1.0%

US Market


1 Year Return

-13.9%

TBK

0.2%

US Banks

6.7%

US Market

Return vs Industry: TBK underperformed the US Banks industry which returned 0.2% over the past year.

Return vs Market: TBK underperformed the US Market which returned 6.7% over the past year.


Share holder returns

TBKIndustryMarket
7 Day-0.5%1.4%1.0%
30 Day-4.7%-2.6%-1.8%
90 Day12.0%0.8%-1.8%
1 Year-13.9%-13.9%3.1%0.2%9.1%6.7%
3 Year56.0%56.0%52.0%41.5%46.1%36.6%
5 Yearn/a69.7%51.2%66.9%48.6%

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

Valuation

Is Triumph Bancorp undervalued based on future cash flows and its price relative to the stock market?

9%

Discount to future cash flow value


Intrinsic Value Based on Future Cash Flows

Undervalued: TBK ($31.08) is trading below our estimate of fair value ($33.98)

Significantly Undervalued: TBK is trading below fair value, but not by a significant amount.


Price Based on Earnings

PE vs Industry: TBK is poor value based on its PE Ratio (15.1x) compared to the Banks industry average (12.5x).

PE vs Market: TBK is good value based on its PE Ratio (15.1x) compared to the US market (17.5x).


Price Based on Expected Growth

Low PEG Ratio: TBK is poor value based on its PEG Ratio (1x)


Price Based on Value of Assets

PB vs Industry: TBK is overvalued based on its PB Ratio (1.3x) compared to the US Banks industry average (1.2x).


Next Steps

Future Growth

How is Triumph Bancorp expected to perform in the next 1 to 3 years based on estimates from 4 analysts?

15.0%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Earnings vs Savings Rate: TBK's forecast earnings growth (15% per year) is above the savings rate (2.7%).

Earnings vs Market: TBK's earnings (15% per year) are forecast to grow faster than the US market (14.5% per year).

High Growth Earnings: TBK's earnings are forecast to grow, but not significantly.

Revenue vs Market: TBK's revenue (10.8% per year) is forecast to grow faster than the US market (7.3% per year).

High Growth Revenue: TBK's revenue (10.8% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Estimates


Future Return on Equity

High Future ROE: Insufficient data to determine if TBK's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has Triumph Bancorp performed over the past 5 years?

20.1%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: TBK's earnings have grown significantly by 20.1% per year over the past 5 years.

Accelerating Growth: TBK's earnings growth over the past year (37.2%) exceeds its 5-year average (20.1% per year).

Earnings vs Industry: TBK earnings growth over the past year (37.2%) exceeded the Banks industry 31.8%.


Return on Equity

High ROE: TBK's Return on Equity (8.5%) is considered low.


Return on Assets

ROA vs Industry: TBK has a higher Return on Assets than the Banks industry average last year.


Return on Capital Employed

ROCE Improving: Insufficient data to calculate TBK's Return on Capital Employed to determine if it has improved over the past 3 years.


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 0.5x 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 (0.96%)


Next Steps

Dividend

What is Triumph Bancorp's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

companyn/amarketbottom25%1.5%markettop25%3.8%industryaverage2.5%forecastin3Yearsn/a

Current dividend yield vs market & industry


Dividend Yield and Payments Analysis

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.

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?

5.8yrs

Average management tenure


CEO

Aaron Graft (41yo)

9yrs

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 ($USD1.12M) is below average for companies of similar size in the US market ($USD2.71M).

Compensation vs Earnings: Aaron's compensation has been consistent with company performance over the past year.


Management Age and Tenure

5.8yrs

Average Tenure

51yo

Average Age

Experienced Management: TBK's management team is seasoned and experienced (5.8 years average tenure).


Board Age and Tenure

9.8yrs

Average Tenure

59.5yo

Average Age

Experienced Board: TBK's board of directors are considered experienced (9.8 years average tenure).


Insider Trading

Insider Buying: TBK insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

BuyUS$27,94028 Aug 19
Michael Rafferty
EntityIndividual
Role
Member of the Board of Directors
Director
Shares1,000
Max PriceUS$27.94
BuyUS$23,28014 Aug 19
Michael Rafferty
EntityIndividual
Role
Member of the Board of Directors
Director
Shares800
Max PriceUS$29.10
BuyUS$28,76013 Jun 19
Robert Dobrient
EntityIndividual
Role
Member of the Board of Directors
Director
Shares1,000
Max PriceUS$28.76
BuyUS$96,98510 Jun 19
Carlos Sepulveda
EntityIndividual
Role
Chairman of the Board
Chairman
Shares3,500
Max PriceUS$27.71
BuyUS$41,55010 Jun 19
Michael Rafferty
EntityIndividual
Role
Member of the Board of Directors
Director
Shares1,500
Max PriceUS$27.70
BuyUS$88,29016 May 19
Carlos Sepulveda
EntityIndividual
Role
Chairman of the Board
Chairman
Shares3,000
Max PriceUS$29.43
BuyUS$43,87516 May 19
Michael Rafferty
EntityIndividual
Role
Member of the Board of Directors
Director
Shares1,500
Max PriceUS$29.25
BuyUS$100,33007 May 19
Justin Trail
EntityIndividual
Role
Member of the Board of Directors
Director
Shares3,225
Max PriceUS$31.11
BuyUS$9507 May 19
Justin Trail
EntityIndividual
Role
Member of the Board of Directors
Director
Shares3
Max PriceUS$31.66
BuyUS$30,85031 Jan 19
Michael Rafferty
EntityIndividual
Role
Member of the Board of Directors
Director
Shares1,000
Max PriceUS$30.85
BuyUS$52,96531 Oct 18
Richard Davis
EntityIndividual
Role
Member of the Board of Directors
Director
Shares1,500
Max PriceUS$35.31

Ownership Breakdown


Management Team

  • Todd Ritterbusch

    Chief Lending Officer

    • Tenure: 0.4yrs
  • Aaron Graft (41yo)

    President

    • Tenure: 9yrs
    • Compensation: US$1.12m
  • R. Fowler (65yo)

    Executive VP

    • Tenure: 9.8yrs
    • Compensation: US$601.20k
  • Gail Lehmann (61yo)

    Executive VP & Secretary

    • Tenure: 2.9yrs
    • Compensation: US$520.93k
  • Adam Nelson (41yo)

    Executive VP & General Counsel

    • Tenure: 6.8yrs
    • Compensation: US$498.47k
  • Jim Allin

    Senior Vice President of Asset Based Lending - Triumph Commercial Finance

    • Tenure: 5.1yrs
  • Luke Wyse

    Senior Vice President of Finance & Investor Relations

    • Tenure: 5.8yrs
  • Amanda Tavackoli

    Senior Vice President of Marketing & Communications

    • Tenure: 0yrs

Board Members

  • Carlos Sepulveda (61yo)

    Chairman

    • Tenure: 9.8yrs
    • Compensation: US$148.46k
  • Rick Davis (65yo)

    Director

    • Tenure: 9.8yrs
    • Compensation: US$64.97k
  • Doug Kratz (68yo)

    Director

    • Tenure: 6yrs
    • Compensation: US$115.44k
  • Chuck Anderson (58yo)

    Director

    • Tenure: 9.8yrs
    • Compensation: US$73.97k
  • C. Sparks (51yo)

    Director

    • Tenure: 9.8yrs
    • Compensation: US$121.19k
  • Maribess Miller (66yo)

    Director

    • Tenure: 5.3yrs
    • Compensation: US$81.98k
  • Aaron Graft (41yo)

    President

    • Tenure: 9yrs
    • Compensation: US$1.12m
  • Robert Dobrient (57yo)

    Director

    • Tenure: 9.8yrs
    • Compensation: US$79.07k
  • Justin Trail (48yo)

    Director

    • Tenure: 9.8yrs
    • Compensation: US$72.97k
  • Mike Rafferty (65yo)

    Director

    • Tenure: 5.3yrs
    • 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$809.622m
  • Shares outstanding: 26.05m
  • Website: https://www.triumphbancorp.com

Number of Employees


Location

  • Triumph Bancorp, Inc.
  • 12700 Park Central Drive
  • Suite 1700
  • Dallas
  • Texas
  • 75251
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
TBKNasdaqGS (Nasdaq Global Select)YesCommon StockUSUSDNov 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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/14 02:59
End of Day Share Price2019/10/11 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.

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