Triumph Financial, Inc.
tfin.comWhat Do They Do?
Provides traditional banking services, loans and deposits to local consumers and businesses, including transportation companies. It also buys trucking invoices to provide working capital, processes transportation payments and sells trucking-data insights.
10-K for FY2025, filed Feb 11, 2026At December 31, 2025, our business is primarily focused on providing financial services to participants in the for-hire trucking ecosystem…View ↗
Through our wholly owned bank subsidiary, TBK Bank, we offer traditional banking services, commercial lending product lines focused on…View ↗
In addition to our traditional banking operations, we also operate a factoring business focused primarily on serving the over-the-road…View ↗
Our payments business provides payment, audit, and other banking services for the over the road trucking industry. Our payments platform…View ↗
Our data intelligence division, which we call Intelligence, was launched during the fourth quarter of 2024 to turn the over-the-road…View ↗
Our banking products and services include a variety of traditional banking services offered through our bank subsidiary, TBK Bank. These…View ↗
How Do They Make Money?
Banking earns interest on loans and investments, plus fees for accounts and transactions; Factoring buys customer invoices at a discount and earns interest on the receivables. Payments charges transaction fees for invoice audits and processing, generally billed monthly, or fixed annual fees; Intelligence charges access and subscription fees and seat licenses.
10-K for FY2025, filed Feb 11, 2026The Banking segment derives its revenue principally from investments in interest-earning assets as well as noninterest income typical for…View ↗
Service charges on deposits. Service charges on deposits primarily consists of fees from the Company's deposit customers for account…View ↗
The Payments segment connects Brokers, Shippers, Factors and Carriers through forward-thinking solutions that help each party successfully…View ↗
The Company's reportable segments are Banking, Factoring, Payments, and Intelligence, which have been determined based upon their business…View ↗
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10-K for FY2025, filed Feb 11, 2026
FY2025 revenue by reportable segment ↗
$430.5M
-
10-K for FY2025, filed Feb 11, 2026
$430.5M ↗
| Segment | Share | Revenue | How money arrives |
|---|---|---|---|
|
Banking
|
60%
FY2022: 47%
|
Banking, FY2025
$257M Sources
|
|
|
Factoring
Recurring
10-K for FY2025, filed Feb 11, 2026 |
34%
FY2022: 49%
|
Factoring, FY2025
$147.9M Sources
|
Recurring |
|
Payments
Mix
|
5.9%
FY2022: 3.8%
|
Payments, FY2025
$25.3M Sources
|
Mix |
|
Intelligence
Mix
|
0.0%
FY2022: 0.0%
|
Intelligence, FY2025
$0 Sources
|
Mix |
Who Are Their Customers?
Local consumers and businesses use its banking products; trucking carriers, brokers, shippers and factors use its financing, payment and data services. Triumph markets through relationship-focused direct sales, with online marketing and sourcing relationships as secondary channels.
10-K for FY2025, filed Feb 11, 2026At December 31, 2025, our business is primarily focused on providing financial services to participants in the for-hire trucking ecosystem…View ↗
Our banking products and services include a variety of traditional banking services offered through our bank subsidiary, TBK Bank. These…View ↗
We also offer commercial loans that focus on serving clients requiring more specialized financial products and services on a national basis…View ↗
MarketingView ↗
Our data intelligence division, which we call Intelligence, was launched during the fourth quarter of 2024 to turn the over-the-road…View ↗
Do Revenues Turn Into Profits?
Yes. It kept 6 cents of every revenue dollar as net income in FY2025.
10-K for FY2025, filed Feb 11, 2026
10-K for FY2025, filed Feb 11, 2026
$25.4MView ↗
How Are They Changing?
- Net income
-
Sources
10-Q for Q3 FY2026, filed Oct 21, 2026
$13.4MView ↗
- ▲ +686%
- vs $1.7M in Q3 FY2025
10-Q for Q3 FY2026, filed Oct 21, 2026
Open tableView ↗
Growing. Revenue grew 11% in 4 years, from $387.6M in FY2021 to $430.5M in FY2025, about 3% a year.
New data intelligence services
The older report described banking, factoring and payments; the latest adds data-scoring, benchmarking and freight-pricing insights for trucking and logistics customers.
10-K for FY2022, filed Feb 15, 2023 10-K for FY2025, filed Feb 11, 2026
Two lending lines winding down
The older report described asset-based lending and liquid-credit purchases as active products; the latest says new originations and acquisitions are stopping and the portfolios will decline.
10-K for FY2022, filed Feb 15, 2023 10-K for FY2025, filed Feb 11, 2026
Factoring services broadened
The older report described invoice purchasing for trucking fleets; the latest also offers back-office factoring services through a platform that customers can use for their own factoring operations or to serve their clients.
10-K for FY2022, filed Feb 15, 2023 10-K for FY2025, filed Feb 11, 2026In addition to our traditional banking operations, we also operate a factoring business focused primarily on serving the over-the-road…View ↗
In addition to our traditional banking operations, we also operate a factoring business focused primarily on serving the over-the-road…View ↗
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