Triumph Financial, Inc. reports news as a transportation-focused financial and technology company serving freight transactions through payments, factoring, banking and intelligence solutions. Its portfolio includes Triumph, LoadPay and TBK Bank, with products used by brokers, carriers, shippers and factors.
Recurring updates include quarterly financial results, shareholder letters and conference calls; preferred stock dividend declarations; annual meeting and governance communications; investor conference appearances; and customer adoption of automated payment solutions within the Triumph Network.
Triumph Financial, Inc. (Nasdaq: TFIN) announced the preliminary results of its Dutch auction tender offer to repurchase up to $100 million of its common stock. The offer expired on December 6, 2022, with 408,615 shares tendered at a price of $58.00 each, totaling approximately $23.7 million. This represents about 1.67% of the outstanding shares. The company expects no proration for shares accepted. Future purchases may occur based on market conditions and financial performance. The tender offer details are for informational purposes only and not a solicitation.
Triumph Bancorp rebrands as Triumph Financial and consolidates its brands including Triumph Business Capital and Triumph Insurance Group into a single entity. This change will take effect on Dec. 2, 2022, with the stock trading under the new symbol TFIN on NASDAQ, replacing TBK.
This consolidation aims to provide unified financial services tailored for the transportation industry, enhancing service offerings such as invoice factoring and insurance. The preferred stock will also undergo a ticker change to TFINP. No action is required from shareholders regarding these changes.