Triumph Financial, Inc. · NYSE:TFIN
Triumph Financial — Triumph Bancorp — Q1 2022 Earnings Presentation
17 slides from Triumph Financial's earnings presentation, Apr 20, 2022
Slide 1: Q1 2022 Earnings Release
April 20, 2022 Q1 2022 Earnings Release Exhibit 99.2
Slide 2: Disclaimer: Forward-Looking Statements
PAGE 2 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 iden
Slide 3: Q1 2022 Consolidated Results
PAGE 3 Q1 2022 CONSOLIDATED RESULTS • Diluted earnings per share of $0.93 for the quarter • TriumphPay: ◦ Added 3 factors to the TriumphPay platform in Q1 ▪ Triumph has grown factors by 17, or 31% since the announcement of the HubTran acquisition. ◦ Added 4 freight brokers ◦ 39 brokers and 17 factor
Slide 4: Triumph Business Capital Factoring
PAGE 4 TRIUMPH BUSINESS CAPITAL FACTORING Triumph Business Capital and Total Gross Revenue adjusted for revaluing the TFS indemnification asset. *Revenue and accounts receivable values include income from, and balances of, accounts receivable moved to assets held for sale. By proudly serving over-th
Slide 5: Triumph Business Capital Factoring
PAGE 5 TRIUMPH BUSINESS CAPITAL FACTORING • Yield of 14.16% in the current quarter • Net charge-off rate of 0.04% in the current quarter On July 8, 2020, we acquired $107.5 million of factored receivables from Transport Financial Solutions. On June 2, 2018, we acquired $131.0 million of transportati
Slide 6: How Brokered Freight Payments Occur: Current Manual Process
PAGE 6 Manual Process Email Paperwork Upload Paperwork Via Portal Carrier Doctype Associate with load and carrier Send Check Verification Phone Call Pay Status Call 30-45 Days Application Phone Call Phone Calls Doctype Associate with debtor and carrier Verification Phone Call Email Paperwork Pay Sta
Slide 7: How Brokered Freight Payments Occur: The Payments Network for Trucking
PAGE 7 Factor Portal Submit Paperwork Factor Specific Load Data Submit Paperwork Paperwork Status • Receive and Post Payment Approve • Doctype • Carrier • Load Funds drafted once per day Load Data Carrier/Load Mapping Load/Invoice Mapping Payment/Invoice Mapping Carrier/Load Mapping Manual Process P
Slide 8: TriumphPay: Integrations Are the Focus
PAGE 8 Brokers 558 Factors 72 Payment Volume** $22.8 Billion Carriers* 209K *Unique carriers paid since inception **Annualized payment volume of TriumphPay in 1Q22 $22.8B. TRIUMPHPAY: INTEGRATIONS ARE THE FOCUS PAYMENTS AUDITNETWORK
Slide 9: TriumphPay Integrations Are the Focus: Key Performance Indicators
PAGE 9 TRIUMPHPAY INTEGRATIONS ARE THE FOCUS KEY PERFORMANCE INDICATORS Top 20 Factors Represent 75% of the Factor Industry Top 30 Brokers Represent 40% of the Broker Industry* *Tier 1 broker list expanded to 30 as 5 more firms have recently crossed $500 million in freight spend.
Slide 10: Total Addressable Market
PAGE 10 FOR-HIRE TRUCKING ~$420 Billion* CONTRACT SHIPPING ~$250 Billion* BROKERED FREIGHT ~$170 Billion* *This data utilizes high-level estimates from multiple data sources including ATA industry reports (2019), FMCSA authority registrations, carrier reported numbers of power units, mercantile cred
Slide 11: Total Addressable Market: Participants
PAGE 11 *This data utilizes high-level estimates from multiple data sources including ATA industry reports (2019), FMCSA authority registrations, carrier reported numbers of power units, mercantile credit bureau reports, Broughton Capital reports and Triumph’s own portfolio data. **Unique carriers p
Slide 12: TBK Loan Portfolio Detail
PAGE 12 TBK LOAN PORTFOLIO DETAIL Total Loans: $4.7 Billion Chart data labels – dollars in millions (1) Includes $1 million of 1-4 residential mortgage loans held for sale (2) Includes $— million of liquid credit loans held for sale (3)Excludes accounts receivable balances moved to assets held for s
Slide 13: TBK Deposit Success
PAGE 13 TBK DEPOSIT SUCCESS * June 30, 2019 is the quarter end prior to the strategic shift we announced during the second half of 2019. **1Q22 balances adjusted to include deposits moved to deposits held for sale in anticipation of branch sales in 2022. ***Transactional deposits defined as noninter
Slide 14: TBK Asset Quality
PAGE 14 TBK ASSET QUALITY *1Q21 includes $41.3 million charge-off related to the TFS acquisition, $35.6 million of which was indemnified and reimbursed to us by Covenant Logistics Group, Inc. The charge-off contributed approximately 0.85%, or substantially all of the net charge-off rate for the quar
Slide 15: Financial Highlights
PAGE 15 FINANCIAL HIGHLIGHTS 1) Reconciliations of non-GAAP financial measures can be found at the end of the presentation. Adjusted metrics exclude material gains and expenses related to acquisition-related activities, net of tax where applicable. 2) Includes discount accretion on purchased loans o
Slide 16: Non-GAAP Financial Reconciliation
PAGE 16 NON-GAAP FINANCIAL RECONCILIATION Metrics and non-GAAP financial reconciliation As of and for the Three Months Ended December 31, September 30, June 30, March 31, December 31, (Dollars in thousands, except per share amounts) 2020 2020 2020 2020 2019 Net income available to common stockholder
Slide 17: Non-GAAP Financial Reconciliation (cont'd)
PAGE 17 NON-GAAP FINANCIAL RECONCILIATION Metrics and non-GAAP financial reconciliation (cont'd) As of and for the Three Months Ended December 31, September 30, June 30, March 31, December 31, (Dollars in thousands, except per share amounts) 2020 2020 2020 2020 2019 Adjusted net non-interest expense