Slide 1: CEO Summary: The Metrics That Matter Most
July 21, 2026 Fellow Shareholders, For the second quarter, we recorded net income to common stockholders of $10.6 million, or $0.44 per diluted share. Earnings for the quarter were affected by certain non-core items detailed at the end of this letter, which in aggregate reduced EPS by $0.13. The maj
Slide 2: What Has Changed in the Freight Market and Where Do We Go from Here?
Our metrics for 2Q26 show that the economic engine of our value chain is performing well. Even though Payments EBITDA margin was flat QoQ due to a few unique items, overall momentum is positive. In addition, market conditions have become more favorable for Triumph’s earnings. While that is true, the
Slide 3: The Same Capital Allocation Question Five Years Later
The Same Capital Allocation Question Five Years Later Considering the foregoing, our commitment to investors is that most of the earnings benefit from a stronger market will fall to the bottom line. Investors deserve that. "Most" is a directional statement that might lead to a related question – how
Slide 4: Payments
Current Quarter Q/Q Current Year Y/Y June 30, March 31, December 31, September 30, June 30, For the Qtr Ending 2026 2026 2025 2025 2025 Change % Change Change % Change Payments: Invoice Volume 9,086,400 8,220,371 9,053,274 8,826,848 8,500,565 866,029 10.5 % 585,835 6.9 % Payment Volume $13,492,237,0
Slide 5: LoadPay Update
spot and contract rates again. Our annualized broker payment volume in 2Q was $49.4 billion, and Network engagement was $88.5 billion, annualized. These increases were the result of a mix of organic growth and a significant increase in spot and contract rates. Due to the increase in market rates, we
Slide 6: Carrier Health and the Effects of Size
Current Quarter Q/Q Current Year Y/Y June 30, March 31, December 31, September 30, June 30, For the Qtr Ending 2026 2026 2025 2025 2025 Change % Change Change % Change Factoring: Invoice Volume 1,870,938 1,683,160 1,744,811 1,735,860 1,697,851 187,778 11.2 % 173,087 10.2 % Purchased $4,117,210,000 $
Slide 7: Intelligence & Freight Market Update
Intelligence & Freight Market Update 1. Analysis of Financial and Operational Performance for the Quarter 2. New Intelligence Products 3. Introducing Triumph Freight Transaction Indices 4. Freight Market Update: Structural Reset or Cyclical Recovery Analysis of Financial and Operational Performance
Slide 8: Triumph Broker Total Margin Index
• Triumph Broker Total Margin Index – Measures the change in total gross margin indexed to the first month of the reporting period across all brokers with 13 contributing months of gross margin. Triumph is in a unique position to produce these insights because of the transaction-level data flowing t
Slide 9: Structural Change in the Freight Market
brokers and shippers to verify that compliant and law-abiding carriers are moving their freight. Importantly, while new legislation is being discussed, much of this activity does not appear to reflect the creation of new rules, but rather the more consistent enforcement of rules that already exist.
Slide 10: Efficiency Initiatives and Non-core Items
• During the quarter, we recorded a $1.9 million net loss on the disposal of premises and equipment, driven by a valuation adjustment on the real estate of an unprofitable branch we are in the process of closing and a terminated prepaid maintenance agreement. • Offsetting this, we received a $1.8 mi
Slide 11: Conference Call Information
Conference Call Information Aaron P. Graft, Vice Chairman and CEO, and Brad Voss, CFO, will review the financial results in a conference call with investors and analysts beginning at 9:30 a.m. central time on Wednesday, July 22, 2026. The live video conference may be accessed directly through this l
Slide 12: Forward-Looking Statements
While forward-looking statements reflect our good-faith beliefs, they are not guarantees of future performance. All forward- looking statements are necessarily only estimates of future results. Accordingly, actual results may differ materially from those expressed in or contemplated by the particula
Slide 13: Financial Highlights
The following table sets forth key metrics used by Triumph Financial to monitor our operations. Footnotes in this table can be found in our definitions of non-GAAP financial measures at the end of this document. As of and for the Six Months As of and for the Three Months Ended Ended June 30, March 3
Slide 14: Unaudited Consolidated Balance Sheet
Unaudited consolidated balance sheet as of: June 30, March 31, December 31, September 30, June 30, (Dollars in thousands) 2026 2026 2025 2025 2025 ASSETS Total cash and cash equivalents $ 896,811 $ 581,939 $ 248,471 $ 147,222 $ 282,346 Equity securities with readily determinable fair value 4,540 4,5
Slide 15: Unaudited Consolidated Statement of Income
Unaudited consolidated statement of income: For the Three Months Ended For the Six Months Ended June 30, March 31, December 31, September 30, June 30, June 30, June 30, (Dollars in thousands) 2026 2026 2025 2025 2025 2026 2025 Interest income: Loans, including fees $ 53,592 $ 47,656 $ 55,233 $ 56,40
Slide 16: Earnings per Share
Earnings per share: For the Three Months Ended For the Six Months Ended June 30, March 31, December 31, September 30, June 30, June 30, June 30, (Dollars in thousands) 2026 2026 2025 2025 2025 2026 2025 Basic Net income (loss) to common stockholders $ 10,568 $ 5,554 $ 18,412 $ 907 $ 3,618 $ 16,122 $
Slide 17: Banking Loan Portfolio
Our banking loan portfolio consists of traditional community bank loans as well as commercial finance product lines focused on businesses that require specialized financial solutions and national lending product lines that further diversify our lending operations. Banking loans held for investment a
Slide 18: Consolidated Segment Results
(Dollars in thousands) Total Corporate Three Months Ended March 31, 2026 Banking Factoring Payments Intelligence Segments and Other(1) Consolidated Total interest income $ 56,611 $ 38,944 $ 7,166 $ — $ 102,721 $ 34 $ 102,755 Intersegment interest allocations 5,731 (8,219) 2,488 — — — — Total interes
Slide 19: Factoring Segment
Information pertaining to our Factoring segment, summarized as of and for the quarters ended: June 30, March 31, December 31, September 30, June 30, Factoring 2026 2026 2025 2025 2025 Factored receivable period end balance $1,748,491,000 $1,404,958,000 $1,220,780,000 $1,193,849,000 $1,174,830,000 Co
Slide 20: Payments Segment
Information pertaining to our Payments segment, summarized as of and for the quarters ended: June 30, March 31, December 31, September 30, June 30, Payments 2026 2026 2025 2025 2025 Supply chain financing factored receivables $ 287,454,000 $ 222,168,000 $ 174,292,000 $ 157,662,000 $ 152,054,000 Quic
Slide 21: EBITDA and EBITDA Margin
(1) Earnings (losses) before interest, taxes, depreciation, and amortization ("EBITDA") and EBITDA margin are non- GAAP financial measures used as supplemental measures to evaluate the performance of our Payments segment. EBITDA is useful because it provides a clearer view of underlying operating pe
Slide 22: Deposits and Net Interest Margin
Deposits summarized as of: June 30, March 31, December 31, September 30, June 30, (Dollars in thousands) 2026 2026 2025 2025 2025 Non-interest bearing demand $ 3,780,765 $ 3,042,210 $ 1,901,638 $ 2,095,017 $ 2,285,327 Interest bearing demand 661,332 691,572 845,060 668,576 694,005 Individual retirem
Slide 23: Mortgage Warehouse Business
(2) Our mortgage warehouse business is more than self-funded due to the noninterest bearing servicing deposits of its clients. The average balance of such deposits was $2.045 billion for the three months ended June 30, 2026. Given their legal form, these deposits are classified as noninterest bearin
Slide 24: Reconciliation of Non-GAAP Financial Measures
Reconciliation of non-GAAP financial measures: As of and for the Six Months As of and for the Three Months Ended Ended (Dollars in thousands, June 30, March 31, December 31, September 30, June 30, June 30, June 30, except per share amounts) 2026 2026 2025 2025 2025 2026 2025 Average total stockholde
Slide 25: Investor Relations
Source: Triumph Financial, Inc. ### Investor Relations: Luke Wyse Executive Vice President, Head of Investor Relations lwyse@tfin.com 214-365-6936 Media Contact: Amanda Tavackoli Senior Vice President, Director of Corporate Communication atavackoli@tfin.com 214-365-6930 25