TRIUMPH BANCORP, INC. (NASDAQ:TBK) Files An 8-K Results of Operations and Financial Condition
Item 2.02. Results of Operations and Financial Condition
On January 23, 2017, Triumph Bancorp, Inc. (the Company) issued a
press release that announced its 2016 fourth quarter and annual
earnings. A copy of the press release is attached hereto as
Exhibit 99.1 and incorporated by reference herein. This press
release includes certain non-GAAP financial measures. A
reconciliation of those measures to the most directly comparable
GAAP measures is included as a table in the press release. The
information in this Item 2.02, including Exhibit 99.1, shall be
considered furnished for purposes of the Securities Exchange Act
of 1934, as amended (the Exchange Act), and shall not be deemed
filed for any purpose.
Item 7.01.Regulation FD Disclosure
In addition, this Form 8-K includes a copy of the Companys
presentation to analysts and investors for its quarter ended
December 31, 2016, which is attached hereto as Exhibit 99.2. The
information in this Item 7.01, including Exhibit 99.2, shall be
considered furnished for purposes of the Exchange Act and shall
not be deemed filed for any purpose.
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: our limited operating history as an
integrated company; business and economic conditions generally
and in the bank and non-bank financial services industries,
nationally and within our local market area; our ability to
mitigate our risk exposures; our ability to maintain our
historical earnings trends; risks related to the integration of
acquired businesses and any future acquisitions; changes in
management personnel; interest rate risk; concentration of our
factoring 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 estimates we make in
establishing reserves for probable loan losses and other
estimates; lack of liquidity; fluctuations in the fair value and
liquidity of the securities we hold for sale; impairment of
investment securities, goodwill, other intangible assets or
deferred tax assets; risks related to our asset management
business; our risk management strategies; environmental liability
associated with our lending activities; increased competition in
the bank and non-bank financial services industries, nationally,
regionally or locally, which may adversely affect pricing and
terms; the obligations associated with being a public company;
the accuracy of our financial statements and related disclosures;
material weaknesses in our internal control over financial
reporting; system failures or failures to prevent breaches of our
network security; the institution and outcome of litigation and
other legal proceedings against us or to which we become subject;
changes in carry-forwards of net operating losses; changes in
federal tax law or policy; the impact of recent and future
legislative and regulatory changes, including changes in banking,
securities and tax laws and regulations, such as the Dodd-Frank
Wall Street Reform and Consumer Protection Act (the Dodd-Frank
Act) and their application by our regulators; governmental
monetary and fiscal policies; changes in the scope and cost of
the Federal Deposit Insurance Corporation insurance and other
coverages; failure to receive regulatory approval for future
acquisitions; increases in our capital requirements; and risk
retention requirements under the Dodd-Frank Act.
While forward-looking statements reflect our good-faith beliefs,
they are not guarantees of future performance. All
forward-looking statements are necessarily only estimates of
future results. Accordingly, actual results may differ materially
from those expressed in or contemplated by the particular
forward-looking statement, and, therefore, you are cautioned not
to place undue reliance on such statements. Further, any
forward-looking statement speaks only as of the date on which it
is made, and we undertake no obligation to update any
forward-looking statement to reflect events or circumstances
after the date on which the statement is made or to reflect the
occurrence of unanticipated events or circumstances, except as
required by applicable law. For a discussion of such risks and
uncertainties, which could cause actual results to differ from
those contained in the forward-looking statements, see Risk
Factors and the forward-looking statement disclosure contained in
Triumphs Annual Report on Form 10-K, filed with the Securities
and Exchange Commission on February 26, 2016.
Item 9.01. Financial Statements and Exhibits
(d) Exhibits.
|
Exhibit |
Description |
|
99.1 |
Press release, dated January 23, 2017 |
|
99.2 |
Triumph Bancorp, Inc. Investor Presentation |
About TRIUMPH BANCORP, INC. (NASDAQ:TBK)
Triumph Bancorp, Inc. is a financial holding company. Through its bank subsidiary, TBK Bank, SSB (TBK Bank), the Company offers banking services, as well as commercial finance products to businesses that require specialized financial solutions. The Company operates through four segments: Banking, Factoring, Asset Management and Corporate. The Factoring segment includes the operations of Advance Business Capital, LLC (doing business as Triumph Business Capital) with revenue derived from factoring services. The Banking segment includes the operations of TBK Bank, including loans originated under its TCF brand, and certain factored receivables, which are purchased by TBK Bank. The Asset Management segment includes operations of Triumph Capital Advisors, LLC, which manages collateralized loan obligation funds. The Corporate segment includes holding company financing and investment activities, and management and administrative expenses to support its operations. TRIUMPH BANCORP, INC. (NASDAQ:TBK) Recent Trading Information
TRIUMPH BANCORP, INC. (NASDAQ:TBK) closed its last trading session up +0.35 at 27.40 with 204,057 shares trading hands.