Triumph Financial

Q3 FY2026 EarningsFY26 Q3 results showed a revenue beat but a significant miss on EBIT and diluted EPS. Net revenue (NII + Noninterest Income) of $125.7M exceeded the $122.9M consensus (+2.23%), driven by a 44% YoY surge in transportation revenue and strong factoring volume. However, diluted EPS of $0.52 missed the $0.58 consensus (-10.34%) due to a surge in interest expense from mortgage warehouse rebates and a higher-than-expected effective tax rate (27.4% vs. 24.0%). Asset quality showed marked deterioration, with nonaccrual loans more than doubling to $133.3M, primarily concentrated in three specific commercial real estate (CRE) relationships.