Triumph Financial Swings to $6.4M Profit in Q1 2026 After Near-Break-Even Year Ago

Triumph Financial, Inc., a Texas-based financial services company, reported net income of $6.4 million for the quarter ending March 31, 2026, a sharp reversal from net income of just $17,000 in the same period a year earlier. Earnings per diluted share reached $0.23 in the first quarter, compared to a loss of $0.03 per share in Q1 2025. Read more earnings reports.

The company's interest and dividend income rose to $102.8 million in the first quarter of 2026, up slightly from $102.3 million in the year-ago period. Income tax expense climbed to $1.8 million from $53,000 in the prior-year quarter.

Total assets grew to $6.88 billion as of March 31, 2026, up from $6.38 billion at the end of December 2025. Cash and cash equivalents more than doubled to $581.9 million from $248.5 million at year-end 2025.

Stockholders' equity increased to $950.7 million as of March 31, 2026, compared to $941.8 million three months earlier. The company had 23.8 million shares outstanding as of the quarter's close.

Total liabilities stood at $5.93 billion at quarter-end, up from $5.44 billion at the end of 2025. The company reported goodwill of $355.3 million and intangible assets of $45.4 million as of March 31, 2026.

Labor and related expenses declined to $58.2 million in the first quarter of 2026 from $58.7 million in the same period of 2025. Revenue from non-interest sources totaled $16.9 million in the quarter, up from $12.5 million a year earlier.

Cash from operations turned positive at $5.1 million in Q1 2026, compared to a use of cash of $3.6 million in Q1 2025. Cash from investing activities consumed $171.4 million in the quarter, while cash from financing activities provided $499.8 million.

The weighted average diluted share count reached 24.0 million shares for the first quarter of 2026, up from 23.4 million in the prior-year period.

Financial Summary