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- NasdaqGS:TFIN
Triumph Financial Second Quarter 2024 Earnings: EPS Misses Expectations
Triumph Financial (NASDAQ:TFIN) Second Quarter 2024 Results
Key Financial Results
- Revenue: US$100.9m (flat on 2Q 2023).
- Net income: US$1.95m (down 72% from 2Q 2023).
- Profit margin: 1.9% (down from 6.8% in 2Q 2023).
- EPS: US$0.08 (down from US$0.30 in 2Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Triumph Financial EPS Misses Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 64%.
Looking ahead, revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 5.7% growth forecast for the Banks industry in the US.
Performance of the American Banks industry.
The company's shares are down 5.3% from a week ago.
Risk Analysis
Be aware that Triumph Financial is showing 2 warning signs in our investment analysis that you should know about...
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About NasdaqGS:TFIN
Triumph Financial
A financial holding company, provides various payments, factoring, and banking services in the United States.
Excellent balance sheet with reasonable growth potential.