TRIUMPH BANCORP, INC. TBK Income Statement

Triumph bancorp, inc. (TBK)

Income statement / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Sep'13
Interest and dividend income:
Loans, including fees
48,323	52,395	50,249	47,910	45,094	44,435	41,257	38,148	36,883	34,856	30,863	30,663	25,185	26,486	23,123	18,547	16,088	15,524	15,716	17,158	13,239	14,138	13,706	13,860	14,376	3,915
Factored receivables, including fees
24,292	25,573	25,570	25,558	24,556	28,070	27,939	20,791	15,303	15,000	12,198	10,812	9,167	9,731	9,021	8,639	7,822	8,952	8,829	8,654	7,509	8,367	7,681	6,838	5,272	4,881
Securities
2,107	2,379	2,784	2,667	2,644	2,314	1,551	1,179	1,310	1,819	1,655	1,738	1,611	1,368	1,218	958	765	572	649	659	678	644	666	663	657	179
FHLB and other restricted stock
204	165	209	146	192	154	147	101	105	78	51	36	42	34	16	13	10	-	-	-	-	-	-	-	-	-
Tax exempt securities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	17	16	12	14	15	15	16	-
Cash deposits
488	659	603	1,022	778	877	865	1,030	517	464	370	289	327	155	93	197	208	122	92	110	141	117	50	77	58	46
Total interest income
75,414	81,171	79,415	77,303	73,264	75,850	71,759	61,249	54,118	52,217	45,137	43,538	36,332	37,774	33,471	28,354	24,893	25,281	25,303	26,597	21,579	23,280	22,118	21,453	20,379	9,021
Interest expense:
Deposits
9,677	10,961	11,036	10,010	8,218	7,931	6,219	4,631	4,277	3,884	3,272	3,057	2,869	2,735	2,408	2,020	1,993	1,905	1,764	1,667	1,570	1,498	1,289	1,141	1,108	890
Federal Home Loan Bank advances
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3
Senior secured note
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	173	134	137	140	-
Subordinated notes
1,347	1,035	840	839	839	839	837	838	837	836	837	836	835	-	-	-	-	-	-	-	-	-	-	-	-	-
Junior subordinated debentures
646	687	719	744	760	717	714	713	597	520	495	475	465	431	382	312	302	288	283	278	272	276	276	272	271	-
Other borrowings
1,244	2,080	2,055	2,291	2,136	1,482	2,207	1,810	1,277	1,181	1,021	613	344	229	263	115	109	38	25	7	12	4	24	22	5	-
Total interest expense
12,914	14,763	14,650	13,884	11,953	10,969	9,977	7,992	6,988	6,421	5,625	4,981	4,513	4,230	3,053	2,447	2,404	2,231	2,072	1,952	1,854	1,951	1,723	1,572	1,524	893
Net interest income
62,500	66,408	64,765	63,419	61,311	64,881	61,782	53,257	47,130	45,796	39,512	38,557	31,819	33,544	30,418	25,907	22,489	23,050	23,231	24,645	19,725	21,329	20,395	19,881	18,855	8,128
Credit loss expense
17,361	382	2,865	3,681	1,014	1,910	6,803	4,906	2,548	1,931	572	1,447	7,678	2,446	2,819	1,939	-511	1,178	165	2,541	645	1,811	1,375	1,747	925	1,735
Net interest income after credit loss expense
45,139	66,026	61,900	59,738	60,297	62,971	54,979	48,351	44,582	43,865	38,940	37,110	24,141	31,098	27,599	23,968	23,000	21,872	23,066	22,104	19,080	19,518	19,020	18,134	17,930	6,393
Noninterest income:
Net OREO gains (losses) and valuation adjustments
-257	50	-56	148	209	37	65	-528	-88	-764	15	-112	11	-275	63	-1,204	-11	-128	-58	52	26	-242	-11	-252	-77	87
Net gains (losses) on sale of securities
38	39	19	14	-11	0	0	0	-272	-	35	-	-	7	-68	0	5	-	15	242	-	62	10	0	16	-
Net gains on sale of loans
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	4	12	234	363	491	542	437	484	319	255	276
Insurance commissions
1,051	1,092	1,247	961	919	846	1,113	819	714	857	826	708	590	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain on branch sale
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	12,619	-	-	-
Bargain purchase gain
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	900	1,708	0	12,509	-	-	-	-	-
Gain on sale of subsidiary or division
-	-	-	-	-	0	0	0	1,071	0	0	0	20,860	-	-	-	-	-	-	-	-	-	-	-	-	-
Other
1,571	1,967	956	1,210	1,359	574	-1	929	558	947	668	2,075	1,717	912	2,145	1,487	1,607	829	700	964	1,067	1,262	525	655	789	30
Total noninterest income
7,477	8,666	7,742	7,623	7,538	6,794	6,059	4,945	5,172	3,998	4,171	5,202	27,285	6,208	6,099	3,668	4,981	5,571	6,298	4,769	16,659	3,721	15,804	2,633	2,609	717
Noninterest expense:
Salaries and employee benefits
30,722	29,586	28,717	28,120	26,439	25,586	24,695	20,527	19,404	18,009	16,717	16,012	21,958	15,351	14,699	12,229	12,252	12,448	12,416	12,042	13,269	12,752	11,032	9,471	8,876	4,540
Occupancy, furniture and equipment
5,182	4,667	4,505	4,502	4,522	4,402	3,553	3,014	3,054	2,728	2,398	2,348	2,359	2,353	1,921	1,534	1,493	1,557	1,575	1,555	1,572	1,429	1,319	1,336	1,390	488
FDIC insurance and other regulatory assessments
315	-302	-2	303	299	184	363	383	199	411	294	270	226	265	143	281	224	300	252	271	263	221	280	280	261	79
Carrying costs for OREO
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	28
Professional fees
2,107	1,904	1,969	1,550	1,865	1,837	3,384	2,078	1,640	2,521	1,465	1,238	1,968	1,481	1,874	1,101	1,073	906	1,344	852	1,327	1,146	1,043	793	592	345
Amortization of intangible assets
2,078	2,154	2,228	2,347	2,402	2,438	2,064	1,361	1,117	2,309	870	911	1,111	1,130	958	717	977	1,141	1,179	895	764	727	746	724	726	-
Advertising and promotion
1,292	1,347	1,379	1,796	1,604	1,036	1,609	1,300	1,029	573	804	911	938	790	779	628	519	374	618	526	543	366	1,102	683	443	175
Communications and technology
5,501	5,732	5,382	4,988	4,874	4,388	7,252	3,271	3,359	2,291	2,145	2,233	2,174	1,830	1,966	1,263	1,432	1,596	951	927	886	961	954	945	888	230
Other
10,493	7,573	7,975	7,098	6,561	7,091	6,026	5,469	4,240	4,389	3,532	3,398	4,103	3,711	3,452	2,578	2,108	2,580	2,210	2,567	2,159	2,083	1,985	1,928	1,720	662
Total noninterest expense
57,690	52,661	52,153	50,704	48,566	46,962	48,946	37,403	34,042	33,231	28,225	27,321	34,837	26,911	25,792	20,331	20,078	20,902	20,545	19,635	20,783	19,685	18,461	16,160	14,896	6,547
Net income (loss) before income tax
-5,074	22,031	17,489	16,657	19,269	22,803	12,092	15,893	15,712	14,632	14,886	14,991	16,589	10,395	7,906	7,305	7,903	6,541	8,819	7,238	14,956	3,554	16,363	4,607	5,643	563
Income tax expense (benefit)
-624	5,322	3,172	3,927	4,481	4,718	2,922	3,508	3,644	8,327	5,104	5,331	6,116	4,134	3,099	2,679	2,897	2,032	2,891	2,586	912	747	6,089	1,626	1,916	211
Net income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,807	10,274	2,981	3,727	-
Income attributable to noncontrolling interests
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	591	582	500	387	-
Net income (loss)
-4,450	16,709	14,317	12,730	14,788	18,085	9,170	12,385	12,068	6,305	9,782	9,660	10,473	6,261	4,807	4,626	5,006	4,509	5,928	4,652	14,044	2,216	9,692	2,481	3,340	352
Dividends on preferred stock
-	-	-	-	-	0	195	193	190	194	195	193	192	197	301	195	194	197	196	195	192	195	197	196	192	-
Effect of noncontrolling interests and preferred shares
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	116
Net income available to common stockholders
-	-	14,317	12,730	-	18,085	8,975	12,192	11,878	6,111	9,587	9,467	10,281	6,064	4,506	4,431	4,812	4,312	5,732	4,457	13,852	2,021	9,495	2,285	3,148	236
Earnings (loss) per common share
Basic
-0.18	0.67	0.56	0.48	0.55	0.67	0.34	0.48	0.57	0.27	0.48	0.53	0.57	0.34	0.25	0.25	0.27	0.25	0.32	0.25	0.78	0.04	0.96	0.23	0.32	0.03
Diluted
-0.18	0.66	0.56	0.48	0.55	0.66	0.34	0.47	0.56	0.28	0.47	0.51	0.55	0.33	0.25	0.25	0.27	0.24	0.32	0.25	0.76	0.06	0.91	0.23	0.32	0.03
Service charges on deposits
Revenue
1,588	1,889	1,937	1,700	1,606	1,702	1,412	1,210	1,145	-	-	977	980	1,109	984	695	659	744	710	666	612	647	811	813	738	-
Card income
Revenue
1,800	1,943	2,015	2,071	1,844	1,999	1,877	1,394	1,244	-	-	917	827	842	767	577	546	559	574	578	523	516	544	548	490	-
Fee income
Revenue
1,686	1,686	1,624	1,519	1,612	1,636	1,593	1,121	800	-	-	637	583	547	655	504	534	465	542	502	422	553	448	421	398	324
Asset management fees
Revenue
-	-	-	-	-	-	-	-	-	-	-	0	1,717	1,787	1,553	1,605	1,629	1,670	1,744	1,274	958	486	374	129	0	-