Triumph Bancorp: 2Q Earnings Snapshot
DALLAS (AP) _ Triumph Bancorp Inc. (TBK) on Wednesday reported second-quarter net income of $12.7 million.
The Dallas-based bank said it had earnings of 48 cents per share.
The results exceeded Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 47 cents per share.
The financial holding company posted revenue of $84.9 million in the period. Its revenue net of interest expense was $71 million, also beating Street forecasts. Four analysts surveyed by Zacks expected $70 million.
Triumph Bancorp shares have dropped nearly 8% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $27.41, a decline of 33% in the last 12 months.