TRIUMPH BANCORP, INC. TBK Income Statement

Triumph bancorp, inc. (TBK)

Income statement / TTM

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
198,877	195,648	187,688	178,696	168,934	160,723	151,144	140,750	133,265	121,567	113,197	105,457	93,341	84,244	73,282	65,875	64,486	61,637	60,251	58,241	54,943	56,080	45,857	0	0	0
Factored receivables, including fees
100,993	101,257	103,754	106,123	101,356	92,103	79,033	63,292	53,313	47,177	41,908	38,731	36,558	35,213	34,434	34,242	34,257	33,944	33,359	32,211	30,395	28,158	24,672	0	0	0
Securities
9,937	10,474	10,409	9,176	7,688	6,354	5,859	5,963	6,522	6,823	6,372	5,935	5,155	4,309	3,513	2,944	2,645	2,558	2,630	2,647	2,651	2,630	2,165	0	0	0
FHLB and other restricted stock
724	712	701	639	594	507	431	335	270	207	163	128	105	73	0	0	0	-	-	-	-	-	-	-	-	-
Tax exempt securities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	59	57	56	60	0	0	0	-
Cash deposits
2,772	3,062	3,280	3,542	3,550	3,289	2,876	2,381	1,640	1,450	1,141	864	772	653	620	619	532	465	460	418	385	302	231	0	0	0
Total interest income
313,303	311,153	305,832	298,176	282,122	262,976	239,343	212,721	195,010	177,224	162,781	151,115	135,931	124,492	111,999	103,831	102,074	98,760	96,759	93,574	88,430	87,230	72,971	0	0	0
Interest expense:
Deposits
41,684	40,225	37,195	32,378	26,999	23,058	19,011	16,064	14,490	13,082	11,933	11,069	10,032	9,156	8,326	7,682	7,329	6,906	6,499	6,024	5,498	5,036	4,428	0	0	0
Federal Home Loan Bank advances
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0
Senior secured note
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	584	0	0	0	-
Subordinated notes
4,061	3,553	3,357	3,354	3,353	3,351	3,348	3,348	3,346	3,344	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-
Junior subordinated debentures
2,796	2,910	2,940	2,935	2,904	2,741	2,544	2,325	2,087	1,955	1,866	1,753	1,590	1,427	1,284	1,185	1,151	1,121	1,109	1,102	1,096	1,095	0	0	0	-
Other borrowings
7,670	8,562	7,964	8,116	7,635	6,776	6,475	5,289	4,092	3,159	2,207	1,449	951	716	525	287	179	82	48	47	62	55	0	0	0	-
Total interest expense
56,211	55,250	51,456	46,783	40,891	35,926	31,378	27,026	24,015	21,540	19,349	16,777	14,243	12,134	10,135	9,154	8,659	8,109	7,829	7,480	7,100	6,770	5,712	0	0	0
Net interest income
257,092	255,903	254,376	251,393	241,231	227,050	207,965	185,695	170,995	155,684	143,432	134,338	121,688	112,358	101,864	94,677	93,415	90,651	88,930	86,094	81,330	80,460	67,259	0	0	0
Credit loss expense
24,289	7,942	9,470	13,408	14,633	16,167	16,188	9,957	6,498	11,628	12,143	14,390	14,882	6,693	5,425	2,771	3,373	4,529	5,162	6,372	5,578	5,858	5,782	0	0	0
Net interest income after credit loss expense
232,803	247,961	244,906	237,985	226,598	210,883	191,777	175,738	164,497	144,056	131,289	119,948	106,806	105,665	96,439	91,906	90,042	86,122	83,768	79,722	75,752	74,602	61,477	0	0	0
Noninterest income:
Net OREO gains (losses) and valuation adjustments
-115	351	338	459	-217	-514	-1,315	-1,365	-949	-850	-361	-313	-1,405	-1,427	-1,280	-1,401	-145	-108	-222	-175	-479	-582	-253	0	0	0
Net gains (losses) on sale of securities
110	61	22	3	-11	-272	-237	0	0	-	0	-	-	-56	-48	262	0	-	0	0	-	88	0	0	0	-
Net gains on sale of loans
-	-	-	-	-	-	-	-	-	-	-	-	-	-	250	613	1,100	1,630	1,833	1,954	1,782	1,495	1,334	0	0	0
Insurance commissions
4,351	4,219	3,973	3,839	3,697	3,492	3,503	3,216	3,105	2,981	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain on branch sale
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-
Bargain purchase gain
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	15,117	0	0	0	-	-	-	-	-
Gain on sale of subsidiary or division
-	-	-	-	-	1,071	1,071	1,071	1,071	20,860	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-
Other
5,704	5,492	4,099	3,142	2,861	2,060	2,433	3,102	4,248	5,407	5,372	6,849	6,261	6,151	6,068	4,623	4,100	3,560	3,993	3,818	3,509	3,231	1,999	0	0	0
Total noninterest income
31,508	31,569	29,697	28,014	25,336	22,970	20,174	18,286	18,543	40,656	42,866	44,794	43,260	20,956	20,319	20,518	21,619	33,297	31,447	40,953	38,817	24,767	21,763	0	0	0
Noninterest expense:
Salaries and employee benefits
117,145	112,862	108,862	104,840	97,247	90,212	82,635	74,657	70,142	72,696	70,038	68,020	64,237	54,531	51,628	49,345	49,158	50,175	50,479	49,095	46,524	42,131	33,919	0	0	0
Occupancy, furniture and equipment
18,856	18,196	17,931	16,979	15,491	14,023	12,349	11,194	10,528	9,833	9,458	8,981	8,167	7,301	6,505	6,159	6,180	6,259	6,131	5,875	5,656	5,474	4,533	0	0	0
FDIC insurance and other regulatory assessments
314	298	784	1,149	1,229	1,129	1,356	1,287	1,174	1,201	1,055	904	915	913	948	1,057	1,047	1,086	1,007	1,035	1,044	1,042	900	0	0	0
Carrying costs for OREO
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0
Professional fees
7,530	7,288	7,221	8,636	9,164	8,939	9,623	7,704	6,864	7,192	6,152	6,561	6,424	5,529	4,954	4,424	4,175	4,429	4,669	4,368	4,309	3,574	2,773	0	0	0
Amortization of intangible assets
8,807	9,131	9,415	9,251	8,265	6,980	6,851	5,657	5,207	5,201	4,022	4,110	3,916	3,782	3,793	4,014	4,192	3,979	3,565	3,132	2,961	2,923	0	0	0	-
Advertising and promotion
5,814	6,126	5,815	6,045	5,549	4,974	4,511	3,706	3,317	3,226	3,443	3,418	3,135	2,716	2,300	2,139	2,037	2,061	2,053	2,537	2,694	2,594	2,403	0	0	0
Communications and technology
21,603	20,976	19,632	21,502	19,785	18,270	16,173	11,066	10,028	8,843	8,382	8,203	7,233	6,491	6,257	5,242	4,906	4,360	3,725	3,728	3,746	3,748	3,017	0	0	0
Other
33,139	29,207	28,725	26,776	25,147	22,826	20,124	17,630	15,559	15,422	14,744	14,664	13,844	11,849	10,718	9,476	9,465	9,516	9,019	8,794	8,155	7,716	6,295	0	0	0
Total noninterest expense
213,208	204,084	198,385	195,178	181,877	167,353	153,622	132,901	122,819	123,614	117,294	114,861	107,871	93,112	87,103	81,856	81,160	81,865	80,648	78,564	75,089	69,202	56,064	0	0	0
Net income (loss) before income tax
51,103	75,446	76,218	70,821	70,057	66,500	58,329	61,123	60,221	61,098	56,861	49,881	42,195	33,509	29,655	30,568	30,501	37,554	34,567	42,111	39,480	30,167	27,176	0	0	0
Income tax expense (benefit)
11,797	16,902	16,298	16,048	15,629	14,792	18,401	20,583	22,406	24,878	20,685	18,680	16,028	12,809	10,707	10,499	10,406	8,421	7,136	10,334	9,374	10,378	9,842	0	0	0
Net income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	19,789	0	0	0	-
Income attributable to noncontrolling interests
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,060	0	0	0	-
Net income (loss)
39,306	58,544	59,920	54,773	54,428	51,708	39,928	40,540	37,815	36,220	36,176	31,201	26,167	20,700	18,948	20,069	20,095	29,133	26,840	30,604	28,433	17,729	15,865	0	0	0
Dividends on preferred stock
-	-	-	-	-	578	772	772	772	774	777	883	885	887	887	782	782	780	778	779	780	780	0	0	0	-
Effect of noncontrolling interests and preferred shares
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0
Net income available to common stockholders
-	-	59,920	54,578	-	51,130	39,156	39,768	37,043	35,446	35,399	30,318	25,282	19,813	18,061	19,287	19,313	28,353	26,062	29,825	27,653	16,949	15,164	0	0	0
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
7,114	7,132	6,945	6,420	5,930	5,469	0	0	0	-	-	4,050	3,768	3,447	3,082	2,808	2,779	2,732	2,635	2,736	2,883	3,009	0	0	0	-
Card income
Revenue
7,829	7,873	7,929	7,791	7,114	6,514	0	0	0	-	-	3,353	3,013	2,732	2,449	2,256	2,257	2,234	2,191	2,161	2,131	2,098	0	0	0	-
Fee income
Revenue
6,515	6,441	6,391	6,360	5,962	5,150	0	0	0	-	-	2,422	2,289	2,240	2,158	2,045	2,043	1,931	2,019	1,925	1,844	1,820	1,591	0	0	0
Asset management fees
Revenue
-	-	-	-	-	-	-	-	-	-	-	5,057	6,662	6,574	6,457	6,648	6,317	5,646	4,462	3,092	1,947	989	0	0	0	-