Short answer
Triumph Financial, Inc. (TFIN) filed its fiscal 2025 10-K annual report with the SEC on Feb 11, 2026. It reported revenue of $430M (+1.9% year over year) and net income of $25M.
- Top risk flagged: Cybersecurity risk management overseen by CISO with 25+ years experience, reporting quarterly to the Board and Risk and Compliance Committee
FY2025 key financial metrics · XBRL
- Revenue
- $430M
- +1.9% YoY
- Net income
- $25M
- +57.6% YoY
- EPS (diluted)
- $0.93
- +72.2% YoY
- ROE
- 2.7%
- +0.9 pp YoY
- Operating cash flow
- $67M
- +14.5% YoY
Source: XBRL data from the Triumph Financial, Inc. (TFIN) FY2025 10-K on SEC EDGAR. USD.
Triumph Financial, Inc. FY2025 10-K analysis
AI summary of each section, grounded in the filing text
Business Overview
- Core business: Commercial banking focusing on loans including commercial real estate, equipment, and factored receivables
- Increased focus on credit quality with nonperforming loans ratio dropping to 1.15% from 2.49% and nonperforming assets to 1.10% from 2.02%
- Subordinated Notes redeemed $39.5M in 2024; $70M new subordinated notes issued in 2021 with floating rates, supporting capital structure
- Total deposits up 2.7% to $4.95B driven by 41.7% rise in brokered time deposits and 21.1% rise in interest bearing demand deposits
- Allowance for credit losses on loans decreased 10.3% to $36.5M amid $18.2M net charge-offs including $10.8M acquired PCD loan charge-off with no earnings impact
Management Discussion & Analysis
- Revenue mix 2025: Banking 57%, Factoring 31%, Payments 11%, Intelligence 1% of total segment revenue
- Loans grew $444.3M YoY to $4.991B: Banking loans +5.5% to $3.525B, Factoring +18.2% to $1.221B, Payments +41.0% to $242.1M
- Net income $22.2M in 2025 vs $12.9M in 2024; ROAE 2.54%, ROAA 0.40%
- Payments segment processed $40.517B invoices (33.6M invoices) in 2025 vs $27.784B (24.8M) in 2024
- Capital allocation included raising stockholders’ equity by $50.9M; $64M building sale gain $8.7M; acquired Greenscreens AI at $151.7M total purchase price
- Management notes risks including economic conditions, interest rate risk, credit risk, and ongoing inflation impact on loan repayment and deposit stability
Risk Factors
- Cybersecurity risk management overseen by CISO with 25+ years experience, reporting quarterly to the Board and Risk and Compliance Committee
- Risk and Compliance Committee regularly reviews cybersecurity measures annually, escalating incidents timely per protocol
- Enterprise Risk Management framework integrates cybersecurity risk, monitored by senior leaders and escalated to Board levels
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