U.S. Markets closed

Triumph Bancorp: 1Q Earnings Snapshot

DALLAS (AP) _ Triumph Bancorp Inc. (TBK) on Wednesday reported first-quarter profit of $14.8 million.

The Dallas-based bank said it had earnings of 55 cents per share.

The results exceeded Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 52 cents per share.

The financial holding company posted revenue of $80.8 million in the period. Its revenue net of interest expense was $68.8 million, falling short of Street forecasts. Four analysts surveyed by Zacks expected $70.3 million.

Triumph Bancorp shares have climbed slightly more than 3 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $30.68, a decline of 21 percent in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on TBK at https://www.zacks.com/ap/TBK