Slide 1: Q3 2018 Earnings Release
Q3 2018 earnings release October 17, 2018 Exhibit 99.2
Slide 2: Forward-Looking Statements
disclaimer Forward-Looking Statements This presentation contains forward-looking statements. Any statements about our expectations, beliefs, plans, predictions, forecasts, objectives, assumptions or future events or performance are not historical facts and may be forward-looking. You can identify fo
Slide 3: Company Overview
company OVERVIEW PAGE Triumph Bancorp, Inc. (NASDAQ: TBK) (“Triumph”) is a financial holding company headquartered in Dallas, Texas. Triumph offers a diversified line of community banking and commercial finance products through its bank subsidiary, TBK Bank, SSB. www.triumphbancorp.com Community Ban
Slide 4: Platform Overview - Lending
PLATFORM OVERVIEW - LENDING PAGE 19% Texas Geographic Concentrations1 as of September 30, 2018 1 Excludes factored receivables 28% Colorado 1% Kansas 7% Iowa 14% Illinois 4% New Mexico
Slide 5: Platform Overview - Branch Network
PLATFORM OVERVIEW – branch network PAGE Western division 37 branches in Colorado 3 branches in New Mexico 2 branches in western Kansas MIDwest division 10 branches in the Quad Cities metroplex 8 branches throughout northern and central Illinois Dallas Corporate Headquarters 1 branch (Primarily CODs)
Slide 6: Platform Overview - Commercial Finance
PLATFORM OVERVIEW – COMMERCIAL FINANCE PAGE Triumph Commercial Finance Asset Based Lending Borrowing base working capital lending Focus on facilities between $1MM - $20MM Core industries include manufacturing, distribution, and services Equipment Finance Secured by revenue producing, essential-use e
Slide 7: Loan Portfolio Detail
LOAN PORTFOLIO DETAIL PAGE Community Banking Commercial Finance Loans Held for Investment Chart data labels – dollars in millions 43008 43100 43190 43281 43373 Q3 2017 Q4 2017 Q1 2018 Q2 2018 Q3 2018 Q4 2016 Q1 2017 Q2 2017 Q3 2017 Q4 2017 Community Banking 1,538.607 1,913.336 1,937.463 1,989.508 2,
Slide 8: Long Term Performance Goals vs Actual Q3
Return on Average Assets (“ROAA”) GAAP: 0.90% Core: 1.24% Goal: > 1.80% Net Overhead Ratio Net Interest Income to Average Assets Credit Costs Pre-Provision Net Revenue Taxes GAAP: 6.04% Core: 5.91% Goal: > 5.00% GAAP: 4.19% Core: 3.62% Goal: < 3.00% GAAP: 1.85% Core: 2.29% Goal: > 2.80% GAAP: 0.66%
Slide 9: Investment Considerations
INVESTMENT CONSIDERATIONS PAGE Coverage Analysts: Brad Milsaps – Sandler O’Neill & Partners Jared Shaw – Wells Fargo Securities, LLC Stephen Moss – B. Riley FBR, Inc. Brett Rabatin – Piper Jaffray & Co. Gary Tenner – D.A. Davidson & Co. Brady Gailey – Keefe, Bruyette & Woods, a Stifel Company Matthe
Slide 10: Q3 2018 Highlights and Recent Developments
Q3 2018 HIGHLIGHTS and recent developments PAGE Diluted earnings per share of $0.34 for the quarter Adjusted diluted earnings per share were $0.51, which exclude $5.9 million of transaction costs, $4.5 million net of tax, related to our acquisitions of First Bancorp of Durango, Inc. and Southern Col
Slide 11: Loan Yields and Net Interest Margin
loan yields and NET INTEREST MARGIN PAGE *Reconciliations of non-GAAP financial measures can be found at the end of the presentation **SNL U.S. Bank $1-$5B: Includes all Major Exchange (NYSE, NYSE MKT, NASDAQ) Banks in SNL’s coverage universe with $1B to $5B in Assets. Q3 2018 SNL data not available
Slide 12: Triumph Business Capital Factoring
TRIUMPH BUSINESS CAPITAL FACTORING PAGE Yield of 18.96% in the current quarter Average annual charge-off rate of 0.38% over the past 3 years 5,932 factoring clients at September 30, 2018 * On June 2, 2018, we acquired the transportation factoring assets of Interstate Capital Corporation and certain
Slide 13: Triumph's Transportation Finance Opportunity
Annual Gross Revenues (8% GDP) $750 Billion : 4 Million Trucks For-Hire $400 Billion : 2.6 Million Trucks *This data utilizes high-level estimates from multiple data sources including FMCSA authority registrations, carrier reported numbers of power units, mercantile credit bureau reports and Triumph
Slide 14: What Is Factoring?
Factoring 101 Client Account Debtor What is factoring? Factoring is one of the oldest forms of finance. Factoring is a financial transaction in which a business sells its accounts receivable to a third party (factor) at a discount. A business typically factors its receivable assets to meet its prese
Slide 15: TriumphPay
Triumphpay 101 TriumphPay Economics: Client approves invoice for $2,000. Payment terms are 21 days. Carrier opts for QuickPay. Triumph pays the carrier $1,980 same day or next day. The $20 difference represents the QuickPay fee. That fee is then split between the broker and Triumph, $10 each. At day
Slide 16: Loan Portfolio
LOAN PORTFOLIO NCOs / Average Loans NPAs / Total Assets Net Chargeofts Non-performing Assets say aay, soy aan, 2s Acquired Loans ALLL / Total Loans . 200% E 2 150% aq 2g Ae 58 Sea g2 ge 2° a a5 H == 050% g 3 = i_l oe 5 - 0.00% say 2ais 8x8 307 4as7,—stas.S ats sa Purchase discount remaining —=-Disco
Slide 17: Deposit Mix and Growth
DEPOSIT MIX AND GROWTH PAGE *Deposits totaling $160.7 million and $293.4 million were assumed in the Independent Bank Group, Inc. branch acquisition and the Valley Bancorp, Inc. acquisition, respectively **Deposits totaling $601.2 million and $73.5 million were assumed in the First Bancorp of Durang
Slide 18: Financial Highlights
FINANCIAL HIGHLIGHTS PAGE Reconciliations of non-GAAP financial measures can be found at the end of the presentation Metric adjusted to exclude material gains and expenses related to merger and acquisition-related activities, net of tax where applicable Asset quality ratios exclude loans held for sa
Slide 19: Non-GAAP Financial Reconciliation
NON-GAAP FINANCIAL RECONCILIATION PAGE Triumph uses certain non-GAAP financial measures to provide meaningful supplemental information regarding our operational performance and to enhance investors' overall understanding of such financial performance. 43373QTD 42916QTD 42825QTD 42460QTD 42185QTD 433
Slide 20: Non-GAAP Financial Reconciliation
NON-GAAP FINANCIAL RECONCILIATION PAGE 43373QTD 42916QTD 42825QTD 42460QTD 42185QTD 43373YTD 43008YTD Period end date 43373 43281 43190 43100 43008 43373 43008 Quarter 3 Days in Year 365 365 365 365 365 365 365 Days in Quarter 92 91 90 92 92 273 273 As of and for the Three Months Ended As of and for
Slide 21: Non-GAAP Financial Reconciliation
NON-GAAP FINANCIAL RECONCILIATION PAGE 43373QTD 42916QTD 42825QTD 42460QTD 42185QTD 43373YTD 43008YTD Period end date 43373 43281 43190 43100 43008 43373 43008 Quarter 3 Days in Year 365 365 365 365 365 365 365 Days in Quarter 92 91 90 92 92 273 273 As of and for the Three Months Ended As of and for
Slide 22: Non-GAAP Financial Reconciliation
NON-GAAP FINANCIAL RECONCILIATION PAGE 43373QTD 42916QTD 42825QTD 42460QTD 42185QTD 43373YTD 43008YTD Period end date 43373 43281 43190 43100 43008 43373 43008 Quarter 3 Days in Year 365 365 365 365 365 365 365 Days in Quarter 92 91 90 92 92 273 273 As of and for the Three Months Ended As of and for