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Community & Thought Leadership

Read up on community and thought leadership from Triumph.

Recent Updates

The Power of And

FELLOW STAKEHOLDERS, Our theme this year is The Power of &. Triumph is a bank… but we are far more than just a bank. That’s the “&” in our story.…

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Day 5: Serving Others Well

Thursday was the team’s final day to visit the well site. The Living Water staff team applied the finishing touches in assembling the pump and flushing out the bleach that…

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Day 4: Humility and Gratitude

Wednesday was a short work day for the drill team after they hit water on Tuesday. The team spent the morning laying a concrete foundation for the water pump. This…

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Thought Leadership

The Power of And

March 20, 2020 Read More

FELLOW STAKEHOLDERS, Our theme this year is The Power of &. Triumph is a bank… but we are far more than just a bank. That’s the “&” in our story. The power of an emerging transportation fintech platform housed within a community bank is unique and positions us to deliver far more than those individual components could achieve on their own. I believe you will see this unfold in 2020 more than it ever has before. Review of 2019 The year 2019 was a difficult one in many respects, but a very successful one in others. Triumph Business Capital (“TBC”) experienced greater than anticipated headwinds as the transportation sector recalibrated following industry over expansion in 2018. As market opportunities unfolded, we elected to make significant investments into our transportation fintech platform, pulling several years of planned technology investment forward on an accelerated timeline. These factors led to a year-over- year decrease in our return on average assets. On the other hand, we improved our credit metrics, grew core deposits, made substantial progress integrating our prior…

Thought Leadership

Do you see what I see?

December 23, 2019 Read More

The year 2019 is soon to slip into the history books. I cannot believe how fast time goes. I also cannot believe how much I sound like my dad when I say that. If you have spent any time watching television or scrolling through social media lately, you might conclude that the world is a bad place – maybe even getting worse, fast. I cannot recall the last time I watched a newscast that didn’t include the word “crisis.” The world was not a perfect place in the year 2019, and it won’t be a perfect place in 2020 either. While I recognize that there are many things that should change, I also choose to see the good that there is in the world. There is a lot of good to see if you just look for it. I see how our team members serve their communities so well while at work and in their free time. I see many of our customers continuing to prosper as the US economy continues to perform well. I…

Thought Leadership

Rethink Vanilla

April 3, 2019 Read More

FELLOW STAKEHOLDERS, Our theme for 2019 is Rethink Vanilla. My goal for any shareholder letter is to do more than just recite a list of accomplishments from the prior year or tell you about financial goals for the year to come. I would like to lift the curtain and allow our stakeholders to better understand what we are doing and where we think we are going, which is far more valuable than a list of metrics. Thus, the theme of our annual report is more than just a catchy phrase; it is a summation of the company we are building. I trust this will become clear as you read on. THE CLOSE OF AN “EPIC” CHAPTER AND A BIT OF HISTORY. Our theme for 2018 was Just the Right Amount of Epic. We completed the acquisition of three banks and a factoring company during the year. We grew assets by 30% and deposits by 32%. We generated net income to common stockholders of $51.1 million, a 44% increase over 2017. Our diluted earnings per share…

Thought Leadership

A Christmas Wish for the Team

December 6, 2018 Read More

Like many of you, I have been moved over the last few days hearing the tributes for the late George H.W. Bush. Whether or not you agreed with his politics, he was by all accounts a man of high character and wonderful decency. I was especially moved by the tribute of his son, former President George W. Bush. The love for his father was genuine. I tell younger people who I have the opportunity to mentor – many who are newly married and with young families – No matter what you accomplish at work, or what the world at large says about you, no man or woman rises above the esteem of his own family. So to that I say, well done President George H.W. Bush. We will miss you! In a few weeks, like many of you, I will gather with my family to celebrate Christmas. Many of you will celebrate other holidays and traditions during this time. Whatever it is that you celebrate, I want you to know that I am grateful for…

Thought Leadership

Just The Right Amount Of Epic

April 2, 2018 Read More

FELLOW STAKEHOLDERS, TBK investors had a very good year in 2017. Our stock price returned over 20% (and has continued to significantly appreciate in early 2018). There are many factors that affect our stock price, but the only one that we can control is our execution of the business plan. To that end, we did many things right and a few things wrong last year. Overall, it was a very strong performance. We have put ourselves on a favorable trajectory for 2018 and beyond. Our future is bright! The first quarter was noisy... We did some things really well in the first quarter of 2017, but those good results were clouded by a couple of issues. Those included a spike in chargeoffs in our healthcare asset based lending business (which we have now exited) and related to three loans inherited via the acquisition of Colorado East Bank & Trust. In any M&A deal, there are a few surprises. The leadership team at TBK has completed several M&A deals — both as part of our current…

Thought Leadership

The Same, Only Different

April 5, 2017 Read More

FELLOW STAKEHOLDERS, The Same, Only Different. Every for-profit company has the same goal of creating value for their shareholders, employees, and customers. They may use different words to express it, but that is the general thesis for everyone. Triumph’s goal is no different. That leads to the logical question — if our goal is the same, how is Triumph different? Or is Triumph different at all? The numbers suggest we are different — our net interest margin, loan yield, and non-interest expense ratios exceed 90% of our peer banks. Our geographic coverage is wider than almost any bank of similar size. Triumph is not singularly unique, but we are definitely different from the crowd. And who is the “crowd” (our peer group, so to speak)? We think it is twofold: community banks and (non-bank) commercial finance companies. “Community banks” generally refers to banks with less than $10 billion in assets. This includes the clear majority of the banks in the U.S. It excludes money center and regional banks like Bank of America, J.P. Morgan Chase,…

Thought Leadership

A Season of Generosity

December 21, 2016 Read More

By: Aaron P. Graft A few weeks ago, my wife Kimberly received a surprising text from a friend who lives outside of the U.S. It asked, “May we stay with you starting December 16th?” It came as a surprise because, while we shared a group of friends, we hadn’t spent much time with this particular family. When we had last talked months before, I had told them that they were welcome to stay with us anytime they were in Dallas. Kimberly and I hadn’t expected the request at this time of year. For a split second, we processed all of the plans we had over the Christmas holidays – and all the preparations that needed to happen to make those plans a reality. The primary burden for these preparations always falls on Kimberly. Now with guests arriving less than two weeks before the holiday, she knew it would put everything into hyper-drive. After that moment, we looked at each other and said, “If we are too busy to have guests over the Christmas holidays, then…

Thought Leadership

Thanksgiving Reflection

November 17, 2016 Read More

By Carlos M. Sepulveda Jr. Our country’s birth certificate was signed by 56 brave men in Philadelphia in 1776.  They chose to make an explicit declaration that could have easily been at that time equivalent to signing their death warrant – the Declaration of Independence. We are impacted by those who came before us and the choices that they made and the consequences that resulted.  Declarations are particularly powerful choices that can be publicly communicated to announce a substantive proclamation. Making choices is fundamental to exercising personal freedom and choices result in consequences… good choices with good consequences and bad choices with bad consequences. So why did our country's founding fathers take such a risk?  Included in their Declaration of Independence are the words that “We hold these truths to be self-evident, that all men are created equal, that they are endowed by their Creator with certain unalienable Rights, that among these are Life, Liberty and the pursuit of Happiness.” This Thanksgiving holiday, I am reminded that our liberty has come at a very substantial…

Thought Leadership

An Open Letter to Southern Transportation Team Members

September 1, 2016 Read More

As we complete this acquisition, I want to be the first to welcome everyone from Southern Transportation Insurance Agency to Triumph. We have been looking forward to this day and we’re glad you’re here! We’re very proud of what we’ve built at Triumph. You should be very proud of what you all have built at Southern. Together, I think we can build something even better. Triumph is focused on serving the trucking industry. We offer truckers of all sizes – from owner-operators to large fleets – financial and insurance services to help them achieve their goals and protect their businesses. You all know the insurance part of the business and how important it is to trucking companies. In addition to insurance, Triumph helps smaller trucking businesses manage their cash flow with invoice factoring through Triumph Business Capital. We also provide access to a fuel discount program aimed at improving their profit margins. We can also help businesses acquire trucks and trailers through our equipment lending business at Triumph Commercial Finance. There are benefits of providing multiple…

Thought Leadership

An open letter to the team members of Colorado East Bank & Trust

August 1, 2016 Read More

The day has finally arrived! After over a year of discussions and months of planning, the day of closing is here. Like me, I know many of you are excited about this transition and the opportunities it creates. I imagine some of you are anxious. Some of you may be indifferent or even discouraged. If you are in the latter group, I don’t expect this letter to change your perspective. What I can do is share my perspective on what you can expect from me, what I expect from you and where we plan to go from here. First, you can expect me to be transparent. I don’t like wasting time and I really, really don’t like ignoring real issues. So here is a real issue we all know -- there will be consolidation of some positions as a result of this transaction, which means several CEBT positions will be absorbed into existing Triumph positions and departments. Some of this will happen immediately, some will happen over the next few weeks and some will not…