Triumph Financial details $60.5M Tricolor loan risk

Triumph Financial, Inc. disclosed that its wholly owned subsidiary, TBK Bank, SSB, serves as agent bank for a $60.5 million loan facility to Tricolor Holdings, LLC, of which TBK Bank holds approximately $23 million.

Rhea-AI Filing Summary

Triumph Financial, Inc. disclosed that its wholly owned subsidiary, TBK Bank, SSB, serves as agent bank for a $60.5 million loan facility to Tricolor Holdings, LLC, of which TBK Bank holds approximately $23 million. The loan is secured by collateral, including a perfected first lien on vehicle inventory.

On September 10, 2025, Tricolor and its affiliates filed for Chapter 7 bankruptcy in the United States District Court for the Northern District of Texas. TBK Bank is working to secure and consolidate the vehicle collateral, and the company notes that forward-looking statements are subject to risks and uncertainties described in its Annual Report on Form 10-K.

Insights

Bank credit risk analyst

Borrower’s Chapter 7 filing creates secured credit exposure for TBK Bank.

TBK Bank, SSB, a subsidiary of Triumph Financial, is agent on a $60.5 million facility to Tricolor Holdings, LLC and directly holds about $23 million. The facility is secured by a perfected first lien on vehicle inventory, which is important because it gives the bank priority claim to this collateral in the Chapter 7 process.

Tricolor and its affiliates filed for Chapter 7 bankruptcy on September 10, 2025, converting the relationship into a workout and recovery situation. TBK Bank is working to secure and consolidate vehicle collateral, which will influence eventual recovery levels from this exposure.

The ultimate financial impact will depend on collateral values, liquidation outcomes, and bankruptcy proceedings overseen by the court in the Northern District of Texas. Subsequent company filings and financial reports may provide more detail on charge-offs, recoveries, or reserve adjustments tied to this credit.

8-K Event Classification

2 items: 8.01, 9.01

2 items

Item 8.01 Other Events Other

Voluntary disclosure of events the company deems important to shareholders but not covered by other items.

Item 9.01 Financial Statements and Exhibits Exhibits

Financial statements, pro forma financial information, or exhibit attachments filed with this report.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did Triumph Financial (TFIN) disclose about Tricolor Holdings?

Triumph Financial reported that its subsidiary TBK Bank, SSB is agent bank on a $60.5 million loan facility to Tricolor Holdings, LLC, and that Tricolor and its affiliates filed for Chapter 7 bankruptcy on September 10, 2025 in the United States District Court for the Northern District of Texas.

How much exposure does TBK Bank have to the Tricolor loan facility?

TBK Bank, SSB holds approximately $23 million of the $60.5 million loan facility for which it also serves as the agent bank.

What collateral secures the Tricolor loan with TBK Bank and Triumph Financial (TFIN)?

The loan to Tricolor Holdings, LLC is secured by collateral that includes a perfected first lien security interest in vehicle inventory, giving TBK Bank priority rights to that collateral in the bankruptcy process.

What actions is TBK Bank taking following Tricolor’s Chapter 7 bankruptcy?

Following the Chapter 7 bankruptcy filing by Tricolor and its affiliates, TBK Bank is working to secure and consolidate the vehicle collateral that secures the loan facility.

Does Triumph Financial (TFIN) provide guidance on risks related to this situation?

The company notes that any forward-looking statements are subject to risks and uncertainties and refers investors to the “Risk Factors” and forward-looking statement disclosures in its Annual Report on Form 10-K filed on February 11, 2025.

What types of securities of Triumph Financial are listed on the NYSE?

Triumph Financial lists common stock, par value $0.01 per share under the symbol TFIN, and Texas Depositary Shares, each representing a 1/40th interest in a share of 7.125% Series C Fixed-Rate Non-Cumulative Perpetual Preferred Stock, under the symbol TFIN PR on the New York Stock Exchange.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 09/11/2025 - 04:07 PM Learn about SEC filing dates

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(D)

OF THE SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of earliest event reported): September 11, 2025

TRIUMPH FINANCIAL, INC.

(Exact name of Registrant as Specified in Its Charter)

Texas (State or Other Jurisdiction of Incorporation)			001-36722 (Commission File Number)			20-0477066 (IRS Employer Identification No.)
12700 Park Central Drive, Suite 1700 Dallas, Texas (Address of Principal Executive Offices)						75251 (Zip Code)

(214) 365-6900

(Registrant’s telephone number, including area code)

(Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instructions A.2. below):

☐			Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐			Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐			Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2b)
☐			Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4c)

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨

Securities registered pursuant to Section 12(b) of the Act:

Title of each class

Trading Symbol(s)

Name of each exchange on which registered

Common stock, par value $0.01 per share

TFIN

The New York Stock Exchange

NYSE Texas

Depositary Shares Each Representing a 1/40th Interest in a Share of 7.125% Series C Fixed-Rate Non-Cumulative Perpetual Preferred Stock

TFIN PR

The New York Stock Exchange

Item 8.01.Other Events

TBK Bank, SSB (the “Bank”), the wholly-owned bank subsidiary of Triumph Financial, Inc. (the “Company”) is the agent bank for a $60.5 million loan facility, of which the Bank holds approximately $23 million, for which Tricolor Holdings, LLC (“Tricolor”) is the lead borrower. The loan is secured by collateral, including a perfected first lien security interest in vehicle inventory. On September 10, 2025, Tricolor and its affiliates filed for Chapter 7 bankruptcy in the United States District Court for the Northern District of Texas. The Bank is working to secure and consolidate its vehicle collateral.

Forward-Looking Statements

This Current Report on Form 8-K contains forward-looking statements within the meaning of the federal securities laws. Investors are cautioned that such statements are predictions and that actual events or results may differ materially. The Company’s expected financial results or other plans are subject to a number of risks and uncertainties. For a discussion of such risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see “Risk Factors” and the forward-looking statement disclosure contained in the Company’s Annual Report on Form 10-K, filed with the Securities and Exchange Commission on February 11, 2025. Forward-looking statements speak only as of the date made and the Company undertakes no duty to update the information.

Item 9.01.Financial Statements and Exhibits

(d)Exhibits.

Exhibit			Description
104			Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, hereunto duly authorized.

			TRIUMPH FINANCIAL, INC.
By:			/s/ Adam D. Nelson
			Name: Adam D. Nelson Title: Executive Vice President & General Counsel

Date: September 11, 2025