Triumph Bancorp: 4Q Earnings Snapshot
DALLAS (AP) _ Triumph Bancorp Inc. (TBK) on Thursday reported fourth-quarter net income of $32.1 million.
The Dallas-based bank said it had earnings of $1.25 per share.
The results beat Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 85 cents per share.
The financial holding company posted revenue of $112.3 million in the period. Its revenue net of interest expense was $106 million, also topping Street forecasts. Three analysts surveyed by Zacks expected $84.6 million.
For the year, the company reported profit of $64 million, or $2.53 per share. Revenue was reported as $345.1 million.
Triumph Bancorp shares have climbed 20% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $58.50, an increase of 52% in the last 12 months.