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Triumph Bancorp posts 1Q profit

DALLAS (AP) _ Triumph Bancorp Inc. (TBK) on Wednesday reported first-quarter earnings of $10.5 million.

The Dallas-based bank said it had earnings of 55 cents per share. Earnings, adjusted for non-recurring gains, came to 2 cents per share.

The results did not meet Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 36 cents per share.

The financial holding company posted revenue of $63.6 million in the period. Its adjusted revenue was $59.1 million, which topped Street forecasts. Three analysts surveyed by Zacks expected $39.5 million.

Triumph Bancorp shares have fallen 5.5 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $24.70, a climb of 50 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


Keywords: Triumph Bancorp, Earnings Report