Welcome to our dedicated page for Triumph Financial news (Ticker: TFIN), a resource for investors and traders seeking the latest updates and insights on Triumph Financial stock.
Triumph Financial, Inc. (NYSE: TFIN) is a financial and technology company headquartered in Dallas, Texas, with a focus on payments, factoring, intelligence and banking for the freight and transportation industry. The TFIN news page on Stock Titan aggregates company announcements, logistics partnerships, capital markets updates and other disclosures that shape the story of Triumph’s role in freight transactions.
Visitors to this page can read news releases where Triumph describes its work modernizing and simplifying freight payments, audit processes and data-driven decision making. Recent items include announcements about logistics providers such as BlueGrace Logistics and NFI joining or expanding their use of the Triumph Network and Triumph’s Payment, Audit and Intelligence solutions, illustrating how brokers and managed logistics providers integrate Triumph’s platforms into their carrier networks.
The feed also includes corporate and capital-related updates, such as quarterly earnings release schedules, the publication of financial results and shareholder letters, and board decisions on dividends for Triumph’s 7.125% Series C Fixed-Rate Non-Cumulative Perpetual Preferred Stock. In addition, Triumph reports on its participation in investment conferences and on recognition within the transportation technology space, such as its placement on the FreightTech 25 list.
For investors and industry observers, the TFIN news stream offers a single view into Triumph’s operational developments, relationships within the logistics ecosystem and ongoing communication with the capital markets. Users can return regularly to follow how Triumph continues to describe its progress in payments, factoring, intelligence and banking tied to freight transactions.
Triumph Financial, Inc. (Nasdaq: TFIN) announced the promotions of three executives to Chief Technology Officer positions, reflecting its growth as a fintech. Mike Mangino is now CTO of Software Engineering for TriumphX, John Shields is CTO of Enterprise Architecture, and Michael Niessner is CTO of TriumphPay. These promotions follow Triumph Financial's recent rebranding and commitment to advancing its technology solutions. Mangino's leadership played a key role in launching the TriumphPay payments network, achieving $1 billion in volume within its first year. Triumph Financial continues to enhance its value to the transportation industry through innovative tech solutions.
Triumph Financial, Inc. (Nasdaq: TFIN) has declared a quarterly cash dividend of $17.81 per share on its 7.125% Series C Fixed-Rate Non-Cumulative Perpetual Preferred Stock, represented by depositary shares (NASDAQ: TFINP). Holders will receive $0.44525 per depositary share. The dividend is set to be paid on March 30, 2023, to those on record by the close of business on March 15, 2023. As a financial holding company, Triumph Financial focuses on services like payments, banking, and factoring, with its headquarters in Dallas, Texas.
Triumph Financial, Inc. (Nasdaq: TFIN) announced its Q4 2022 financial results on January 25, 2023. The detailed results and a shareholder letter are accessible via the Company’s website. A conference call with CEO Aaron P. Graft and CFO Brad Voss is set for January 26 at 7:00 a.m. CT to discuss these results. Triumph Financial specializes in payments, factoring, and banking, operating brands like TriumphPay and TBK Bank. Caution is advised as forward-looking statements may be influenced by numerous risks and uncertainties.
Triumph Financial, Inc. (Nasdaq: TFIN) announced the election of Davis Deadman to its board of directors on January 23, 2023. Deadman, who has served on the board of TBK Bank since 2014 and was its chief lending officer from 2012 to 2014, brings extensive banking and credit experience. He has held various leadership roles, including Chief Executive Officer of NexBank and a senior portfolio manager at Highland Capital Management. His background is expected to enhance Triumph's governance and strategic alignment with its subsidiary bank. Deadman holds a Bachelor's from Texas A&M and an MBA in Finance from Southern Methodist University.
Triumph Financial, Inc. (Nasdaq: TFIN) is set to release its fourth quarter financial results on January 25, 2023, after market close. Management will discuss these results during a conference call on January 26, 2023, at 7:00 a.m. USCT. The financial results and management commentary will be available on the company’s website. Investors should be aware that forward-looking statements in the release could differ from actual results due to various risks and uncertainties. For further information, visit the company’s website or access the conference call through provided links.
Triumph Financial, Inc. (Nasdaq: TFIN) has appointed Tim Valdez as president of its factoring division, overseeing strategic direction and operations. Valdez brings extensive experience from TriumphPay and WEX Fleet One Factoring, where he managed transportation factoring portfolios. The company aims to enhance its role in the transportation factoring industry by promoting entrepreneurship and financial solutions. Triumph recently consolidated its brands into a single identity, streamlining its offerings including financing, insurance, and banking services for the transportation sector.
Triumph Financial, Inc. (Nasdaq: TFIN) announced the results of its modified Dutch auction tender offer, purchasing 408,615 shares at $58.00 each, totaling approximately $23.7 million. This acquisition represents about 1.67% of the company's outstanding shares as of December 5, 2022. The tender offer, which concluded on December 6, 2022, saw no proration, as all shares tendered at or below the purchase price were accepted. Triumph may consider future stock repurchases depending on market conditions and company performance.
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.