Triumph Q3 Earnings: Can NasdaqGS:TBK Hit Its $0.49 EPS Target?

in EARNINGS/INVESTING IDEAS by

Triumph Bancorp, Inc. (NasdaqGS:TBK) is scheduled to report Q3 earnings results after markets close for trading on October 19, 2020.

The company is expected to report earnings of $0.49/share on revenue of $77.568 million. The consensus earnings per share (EPS) of $0.49/share is based on a poll of 7 analysts and represents a decline in eps of −13.0% over the same quarter last year, when the company reported earnings of $0.56/share.

The revenue forecast of $77.568 million based on a poll of 7 analysts implies a year-over-year (YoY) growth in revenue of 7.0%. Last year the company reported $72.507 million in revenue for the quarter.

Expected to report EPS contraction of −13.0% for Q3, 2020
Metric Expected Prior Year YoY Change
Revenue $77.57 $72.51 7.0%
EPS $0.49 $0.56 −13.0%

Earnings Call Trends

Historically, management has exceeded analyst expectations 5 out of the last 8 tracked quarters, missed 2 quarters, and met expectations 1 quarters.

What are your expectations from Triumph Bancorp, Inc. for earnings this quarter? Let us know in the comments!

Analyst Expected vs. Reported EPS
Quarter Expected Reported Surprise Result
Q2, 2020 $0.09 $0.25 166.0% Beat
Q1, 2020 $0.28 -$0.18 −163.2% Missed
Q4, 2019 $0.61 $0.66 8.2% Beat
Q3, 2019 $0.56 $0.56 0.3% Beat
Q2, 2019 $0.47 $0.48 2.1% Beat
Q1, 2019 $0.54 $0.55 2.8% Beat
Q4, 2018 $0.70 $0.67 −3.7% Missed
Q3, 2018 $0.47 $0.51 9.2% Beat

In the following table, we summarize the company’s stock price movements after earnings releases. The “Price Day Prior” column shows the closing stock price on the day before the earnings report, and the “Price Next Day” column shows the stock price at the end of the trading day after the earnings report. After the last earnings report for the period ending June 30, 2020, the stock price reacted by increasing 12.5%.

Stock Price Performance After Earnings
Report Date Price Day Prior Price Next Day Change % Result
July 20, 2020 $24 $27.01 12.5% Increase
April 20, 2020 $25.51 $24.42 −4.3% Decline
January 21, 2020 $38.29 $40.60 6.0% Increase
October 16, 2019 $31.15 $31.49 1.1% Increase

Fundamentals And Technical Analysis

Triumph Bancorp, Inc. is currently trading at its 52-week high of $43.50/share, up 2.6% for the day. The company’s stock price is up 61.1% since the last earnings report and up 8.2% over the previous week.

The company’s 14 Day Relative Price Index (RSI) of 84.73 suggests the company is trading in technically overbought territory. The RSI is considered overbought when above 70 and oversold when below 30.


NasdaqGS:TBK Stock Price Chart
Source: Finbox

The current share price implies a price-to-earnings (P/E) multiple of 26.24 and a forward P/E multiple of 38.91.

Triumph Bancorp, Inc.’s current share price also implies a price-to-book (P/B) multiple of 1.72. The following table summarizes some other key fundamental ratios:

Data as of October 19, 2020
Metric Value
Last Reported Fiscal Period Key FY2020.Q2
Period End Date June 30, 2020
Stock Price (Current) $43.50
P/E Ratio 26.2x
P/E Ratio (Fwd) 38.9x
PEG Ratio −1.3
Total Debt / Total Capital 43.3%
Levered Free Cash Flow $27.691 million
Price To Sales 0.1x

Finbox

Triumph Bancorp, Inc. is a small-cap stock with a market capitalization of $1.05 billion. The company operates in the Financials sector and the Banks industry.

Triumph Bancorp, Inc. operates as a financial holding company for TBK Bank, SSB that provides banking and commercial finance products and services to retail customers and small-to-mid-sized businesses in the United States. The company operates through Banking, Factoring, and Corporate segments. It offers depository products, including checking, savings, and money market accounts, as well as certificates of deposit; and commercial and industrial loans, loans to purchase capital equipment, and business loans for working capital and operational purposes. The company also provides asset-based, and equipment and premium finance loans; real estate loans to finance commercial properties; factoring services to the transportation and non-transportation sectors; agriculture loans; commercial construction, land, and land development loans; mortgage warehouse loans; residential real estate loans; and consumer loans. In addition, it offers debit cards; electronic banking, trust, and treasury management services; and insurance brokerage services. As of December 31, 2019, the company operated through a network of 10 branches in the Quad Cities Metropolitan Area of Iowa and Illinois; 8 branches in central and northwestern Illinois; 7 branches in southern Colorado; 3 branches in New Mexico; 30 branches in Colorado; 2 branches in far western Kansas; and 3 loan production offices in Colorado and 1 loan production office in Missouri, as well as an additional branch office limited to deposit gathering activities in Dallas, Texas. Triumph Bancorp, Inc. is headquartered in Dallas, Texas.

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