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Triumph Financial (TFIN) Reports Q3 Earnings: What Key Metrics Have to Say
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For the quarter ended September 2023, Triumph Financial (TFIN - Free Report) reported revenue of $104.74 million, down 5.6% over the same period last year. EPS came in at $0.51, compared to $0.62 in the year-ago quarter.
The reported revenue represents a surprise of -2.64% over the Zacks Consensus Estimate of $107.58 million. With the consensus EPS estimate being $0.37, the EPS surprise was +37.84%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Triumph Financial performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Efficiency ratio: 82.4% compared to the 85.8% average estimate based on three analysts.
Net Interest Margin: 7.5% versus the two-analyst average estimate of 7.6%.
Total Noninterest Income: $13.41 million compared to the $14.64 million average estimate based on three analysts.
Net Interest Income: $91.33 million compared to the $92.93 million average estimate based on three analysts.
Financial Services- Service charges on deposits: $1.73 million versus the two-analyst average estimate of $1.80 million.
Card income: $2.07 million versus $2.17 million estimated by two analysts on average.
Fee income: $8.11 million versus the two-analyst average estimate of $6.75 million.
Shares of Triumph Financial have returned -9% over the past month versus the Zacks S&P 500 composite's -3% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.
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Triumph Financial (TFIN) Reports Q3 Earnings: What Key Metrics Have to Say
For the quarter ended September 2023, Triumph Financial (TFIN - Free Report) reported revenue of $104.74 million, down 5.6% over the same period last year. EPS came in at $0.51, compared to $0.62 in the year-ago quarter.
The reported revenue represents a surprise of -2.64% over the Zacks Consensus Estimate of $107.58 million. With the consensus EPS estimate being $0.37, the EPS surprise was +37.84%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Triumph Financial performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Efficiency ratio: 82.4% compared to the 85.8% average estimate based on three analysts.
- Net Interest Margin: 7.5% versus the two-analyst average estimate of 7.6%.
- Total Noninterest Income: $13.41 million compared to the $14.64 million average estimate based on three analysts.
- Net Interest Income: $91.33 million compared to the $92.93 million average estimate based on three analysts.
- Financial Services- Service charges on deposits: $1.73 million versus the two-analyst average estimate of $1.80 million.
- Card income: $2.07 million versus $2.17 million estimated by two analysts on average.
- Fee income: $8.11 million versus the two-analyst average estimate of $6.75 million.
View all Key Company Metrics for Triumph Financial here>>>Shares of Triumph Financial have returned -9% over the past month versus the Zacks S&P 500 composite's -3% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.