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The Victory Bancorp, Inc Second Quarter Earnings
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Were Hedge Funds Right About Triumph Bancorp Inc (TBK)?
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Is The Duckhorn Portfolio, Inc (NAPA) A Good Stock To Buy?
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DALLAS Triumph Bancorp Inc. (TBK) on Wednesday reported second-quarter earnings of $28 million.
The bank, based in Dallas, said it had earnings of $1.08 per share. Earnings, adjusted for one-time gains and costs, came to $1.17 per share.
The results exceeded Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.03 per share.
The financial holding company posted revenue of $108.6 million in the period. Its revenue net of interest expense was $104.2 million, also topping Street forecasts. Three analysts surveyed by Zacks expected $98.7 million.
Triumph Bancorp shares have risen 55% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $75.05, more than doubling in the last 12 months.
Triumph Bancorp: Q2 Earnings Snapshot
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