Triumph Financial (NASDAQ:TFIN) 2024 Q1 Financial Results
Main financial results
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Revenue: USD 95.1 million (down 6.5% from Q1 2023).
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Net profit: USD 3.36 million (down 67% from Q1 2023).
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Margin: 3.5% (down from 10.0% in Q1 2023).
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EPS: USD 0.14 (down from USD 0.44 in Q1 2023).
All numbers shown in the chart above are for the trailing 12 month (TTM) period.
Triumph's financial revenues and profits fall below expectations
Sales were 4.7% lower than analysts expected. Earnings per share (EPS) also fell 59% below analyst expectations.
Looking ahead, revenues are expected to grow by an average of 13% per year over the next two years, compared to a 5.8% growth forecast for the U.S. banking industry.
performance of American banking industry.
The company's stock price has fallen 12% from a week ago.
risk analysis
I don't really want it to rain on the parade, but it did rain. 2 warning signs for Triumph Financial What you need to be careful about.
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