DALLAS (AP) _ Triumph Bancorp Inc. (TBK) on Monday reported second-quarter net income of $13.4 million.
The Dallas-based bank said it had earnings of 56 cents per share. Earnings, adjusted for non-recurring gains, were 25 cents per share.
The results exceeded Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 4 cents per share.
The financial holding company posted revenue of $94.4 million in the period. Its revenue net of interest expense was $84.3 million, also topping Street forecasts.
Triumph Bancorp shares have dropped 39% since the beginning of the year. In the final minutes of trading on Monday, shares hit $23.33, a decrease of 22% in the last 12 months.