Triumph Financial Files 8-K with Stock Information

TL;DR

Triumph Financial (TFIN) filed an 8-K on 5/31 detailing common and preferred stock info.

AI Summary

Triumph Financial, Inc. filed an 8-K on May 31, 2024, reporting on other events and financial statements. The filing includes information related to common stock and Series C Preferred Stock as of May 31, 2024. The company, formerly known as Triumph Bancorp, Inc., is incorporated in Texas and headquartered in Dallas.

Why It Matters

This filing provides an update on Triumph Financial's corporate structure and financial instruments, which is important for investors to understand the company's capital. It confirms details about their common and preferred stock as of the reporting date.

Risk Assessment

Risk Level: low — This filing is a routine disclosure of corporate and financial information, not indicating any immediate operational or financial distress.

Key Players & Entities

• Triumph Financial, Inc. (company) — Registrant
• Triumph Bancorp, Inc. (company) — Former company name
• May 31, 2024 (date) — Date of report
• Texas (location) — State of incorporation
• Dallas (location) — Principal executive offices city

FAQ

Key Financial Figures

• $0.01 — ich registered Common stock, par value $0.01 per share TFIN NASDAQ Global Select Mar
• $17.81 — ock (the "Series C Preferred Stock") of $17.81 per share (equivalent to $0.44525 per d
• $0.44525 — ck") of $17.81 per share (equivalent to $0.44525 per depositary share representing a 1/4

Filing Documents

• tfin-20240531.htm (8-K) — 34KB
• exhibit99_1preferreddivide.htm (EX-99.1) — 6KB
• 0001628280-24-026037.txt ( ) — 207KB
• tfin-20240531.xsd (EX-101.SCH) — 2KB
• tfin-20240531_def.xml (EX-101.DEF) — 16KB
• tfin-20240531_lab.xml (EX-101.LAB) — 27KB
• tfin-20240531_pre.xml (EX-101.PRE) — 16KB
• tfin-20240531_htm.xml (XML) — 4KB

01. Other Events

Item 8.01. Other Events On May 31, 2024, Triumph Financial, Inc. (the "Company") issued a press release announcing that the board of directors of the Company declared a quarterly cash dividend on its 7.125% Series C Fixed-Rate Non-Cumulative Perpetual Preferred Stock (the "Series C Preferred Stock") of $17.81 per share (equivalent to $0.44525 per depositary share representing a 1/40 interest in a share of Series C Preferred Stock). Such dividend is payable June 30, 2024, to shareholders of record of the Series C Preferred Stock on June 15, 2024. A copy of the press release is attached as Exhibit 99.1 hereto.

Forward-Looking Statements

Forward-Looking Statements This Current Report on Form 8-K contains forward-looking statements. Any statements about our expectations, beliefs, plans, predictions, forecasts, objectives, assumptions or future events or performance are not historical facts and may be forward-looking. You can identify forward-looking statements by the use of forward-looking terminology such as "believes," "expects," "could," "may," "will," "should," "seeks," "likely," "intends," "plans," "pro forma," "projects," "estimates" or "anticipates" or the negative of these words and phrases or similar words or phrases that are predictions of or indicate future events or trends and that do not relate solely to historical matters. You can also identify forward-looking statements by discussions of strategy, plans or intentions. Forward-looking statements involve numerous risks and uncertainties and you should not rely on them as predictions of future events. Forward-looking statements depend on assumptions, data or methods that may be incorrect or imprecise and we may not be able to realize them. We do not guarantee that the transactions and events described will happen as described (or that they will happen at all). The following factors, among others, could cause actual results and future events to differ materially from those set forth or contemplated in the forward-looking statements: business and economic conditions generally and in the bank and non-bank financial services industries, nationally and within our local market areas; our ability to mitigate our risk exposures; our ability to maintain our historical earnings trends; changes in management personnel; interest rate risk; concentration of our products and services in the transportation industry; credit risk associated with our loan portfolio; lack of seasoning in our loan portfolio; deteriorating asset quality and higher loan charge-offs; time and effort necessary to resolve nonperforming assets; inaccuracy of the assumptions and e

01. Financial Statements and Exhibits

Item 9.01. Financial Statements and Exhibits (d) Exhibits. Exhibit Description 99.1 Press release, dated May 31, 2024 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) EXHIBIT INDEX Exhibit Description 99.1 Press release, dated May 31, 2024 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, hereunto duly authorized. TRIUMPH FINANCIAL, INC. By: /s/ Adam D. Nelson Name: Adam D. Nelson Title: Executive Vice President & General Counsel Date: May 31, 2024

View Full Filing

View this 8-K filing on SEC EDGAR