8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(D)

OF THE SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of earliest event reported): April 29, 2015

Triumph Bancorp, Inc.

(Exact name of registrant as specified in its charter)

Texas	001-36722	20-0477066
(State or other jurisdiction of incorporation)	(Commission File No.)	(I.R.S. Employer Identification No.)

12700 Park Central Drive, Suite 1700
Dallas, Texas	75251
(Address of principal executive offices)	(Zip Code)

(214) 365-6900

(Registrant’s telephone number, including area code)

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2 below):

¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2b)

¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4c)

Item 2.02 Results of Operation and Financial Condition

On April 29, 2015, Triumph Bancorp, Inc. (the “Company”) issued a press release that announced its 2015 first quarter 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 to 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 Company’s presentation to analysts and investors for its quarter ended March 31, 2015, 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 press release 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

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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 Triumph’s Annual Report on Form 10-K, filed with the Securities and Exchange Commission on March 6, 2015.

Item 9.01. Financial Statements and Exhibits.

(d) Exhibits.

Exhibit No.	Description
99.1	Press release, dated April 29, 2015
99.2	Triumph Bancorp, Inc. Investor Presentation

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SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, hereunto duly authorized.

	TRIUMPH BANCORP, INC.
Date: April 29, 2015	By:	/s/ Adam D. Nelson
	Name:	Adam D. Nelson
	Title:	Senior Vice President & General Counsel

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EXHIBIT INDEX

Exhibit No.	Description
99.1	Press release, dated April 29, 2015
99.2	Triumph Bancorp, Inc. Investor Presentation

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EX-99.1

Exhibit 99.1

Triumph Bancorp Reports First Quarter Net Income to Common Stockholders of $13.9 Million.

DALLAS – April 29, 2015 (GLOBE NEWSWIRE) – Triumph Bancorp, Inc. (NASDAQ: TBK) today announced earnings and operating results for the first quarter of 2015.

“Our first quarter 2015 results reflect our opportunistic approach to our business”, said Aaron P. Graft, Chief Executive Officer, Triumph Bancorp, Inc. “Our acquisition of Doral Money, Inc. added approximately $700 million to our asset management business and generated a profit for our investors, in addition to core earnings for the quarter.”

As part of how we measure our results, we use certain non-GAAP financial measures to ascertain performance. These non-GAAP financial measures are reconciled in the section labeled “Metrics and Non-GAAP Financial Reconciliation” at the end of this document.

First Quarter Highlights

• For the first quarter of 2015, net income was $14.0 million and net income available to common stockholders was $13.9 million, compared to net income of $2.8 million and net income available to common stockholders of $2.0 million for the quarter ended December 31, 2014.

• Triumph Capital Advisors (“TCA”) completed the acquisition of Doral Money, Inc. (“DMI”). This transaction added two active collateralized loan obligation (“CLO”) management contracts to TCA’s portfolio, which increased assets under management by approximately $700 million. Triumph recorded a preliminary bargain purchase gain associated with this transaction of $12.5 million.

• Fully diluted earnings per share were $0.76 for the quarter ended March 31, 2015, compared to $0.14 for the quarter ended December 31, 2014. Excluding the impact of the net contribution of the DMI acquisition, fully diluted earnings per share were $0.14 for the quarter ended March 31, 2015.

• For the quarter ended March 31, 2015, excluding the DMI transaction our annualized return on average common equity and return on average assets were 4.29% and 0.69%, compared to 4.30% and 0.78%, respectively, for the quarter ended December 31, 2014.

Doral Money, Inc. Transaction Summary

Set forth below is a summary of the estimated acquisition date fair value of the assets acquired as part of the DMI acquisition, the consideration transferred, and the resulting bargain purchase gain recorded from the acquisition. As previously disclosed, TCA financed a portion of the consideration paid in the acquisition with the proceeds of a credit facility in an amount equal to the value of the acquired CLO securities, which was repaid immediately following the closing through transfer of the acquired CLO securities to the lender.

	Acquisition Summary
(Dollars in thousands)
Cash	$	8,273
CLO securities		98,316
SNC loans		36,765
Prepaid income tax		3,014
Other assets/liabilities		87
Fair value of DMI net assets	$	146,455
Fair value of CLO contracts		1,918
Net fair value of acquired assets	$	148,373
Consideration transferred		(135,864	)
Bargain purchase gain, nontaxable	$	12,509
Transaction costs, net of tax		(158	)
Incremental bonus, net of tax		(1,138	)
Escrow recovery from Doral Healthcare, net of tax		195
Net contribution of acquisition	$	11,408

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In addition to the delivery of the CLO securities to the lender as described above, the shared national credit (“SNC”) loan portfolio was sold to third parties shortly following the closing at its acquisition date fair value. There were no material gains or losses associated with this liquidation. Following the delivery of the CLO securities to the lender and the sale of the SNC loan portfolio, the remaining primary assets resulting from the acquisition consist of the cash, prepaid tax asset and CLO contracts set forth above. In conjunction with the transaction, the Company incurred direct transaction expenses of $243 thousand.

Also as a result of the transaction, the Company recognized $300 thousand in other income due to the release of cash previously held in escrow but controlled by DMI as part of the Company’s June 2014 purchase agreement to acquire Doral Healthcare Finance, and accrued $1.8 million in incremental bonus expense for the anticipated amount expected to be paid to team members to recognize their contribution to this transaction.

Balance Sheet

Total loans held for investment were $1.011 billion at March 31, 2015, an increase of $5.6 million or 0.6% during the first quarter. This increase was primarily due to continued growth in our commercial finance loan portfolio, which consists of factored receivables, asset based and equipment loans originated under our Triumph Commercial Finance brand, and healthcare asset based loans originated under our Triumph Healthcare Finance brand. Our commercial finance loan portfolio totaled $385.8 million as of March 31, 2015, an increase of $10.4 million or 2.8% in the first quarter of 2015.

Total deposits were $1.174 billion at March 31, 2015, an increase of $8.5 million or 0.7% for the first quarter of 2015. Noninterest-bearing deposits accounted for 14.3% of total deposits and non-time deposits accounted for 50.6% of total deposits. The average cost of our interest-bearing deposits was 0.64% for the quarter ended March 31, 2015 compared to 0.61% for the quarter ended December 31, 2014, on an annualized basis.

Net Interest Income

We earned net interest income for the quarter ended March 31, 2015, of $19.7 million compared to $21.3 million for the quarter ended December 31, 2014. Yields on loans for the quarter ended March 31, 2015 were down 0.48% to 8.50% (8.04% adjusted for loan discount accretion) compared to 8.98% (8.29% adjusted for loan discount accretion) for the quarter ended December 31, 2014. Net interest margin (“NIM”) decreased 0.47% to 6.11% for the quarter ended March 31, 2015 from 6.58% for the quarter ended December 31, 2014. Net interest margin adjusted for loan discount accretion was 5.76% for the quarter ended March 31, 2015 compared to 6.05% for the quarter ended December 31, 2014. The decrease in adjusted loan yield and adjusted NIM is largely attributable to the change in the mix of our loan portfolio between higher yielding factored receivables and mortgage warehouse loans during the quarter.

Asset Quality

Our provision for loan losses was $0.6 million for the quarter ended March 31, 2015 compared to $1.8 million for the quarter ended December 31, 2014. We experienced net charge-offs of $0.2 million for the quarter ended March 31, 2015 compared to net charge-offs of $0.3 million for the quarter ended December 31, 2014. From December 31, 2014 to March 31, 2015, our allowance for loan and lease losses (“ALLL”) increased from $8.8 million or 0.88% of total loans to $9.3 million or 0.92% of total loans. Nonperforming Assets (“NPAs”) improved 11 bps from December 31, 2014 to March 31, 2015 to 1.62% of total assets.

Noninterest Income and Expense

We earned noninterest income for the quarter ended March 31, 2015 of $16.7 million (or $3.9 million excluding the DMI transaction) compared to $3.7 million for the quarter ended December 31, 2014.

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For the quarter ended March 31, 2015, noninterest expense totaled $20.8 million (or $18.8 million excluding the DMI transaction), compared to $19.7 million for the quarter ended December 31, 2014, an increase of $1.1 million.

Conference Call Information

Aaron P. Graft, Vice Chairman and CEO and Bryce Fowler, CFO will review the quarterly results in a conference call for investors and analysts beginning at 8:00 a.m. Central Time on Thursday, April 30^th, 2015. Dan Karas, Chief Lending Officer of Triumph Savings Bank and Gibran Mahmud, Senior Managing Director at Triumph Capital Advisors will also be available for questions.

To participate in the live conference call, please dial 1 (855) 779-1042 (U.S. and Canada) and enter Conference ID # 21869542. A simultaneous audio-only webcast may be accessed via the Company’s website at www.triumphbancorp.com through the Investor Relations, Webcasts and Presentations links, or through a direct link here at http://edge.media-server.com/m/p/c9f3zyrb/lan/en. An archive of this conference call will subsequently be available at this same location on the Company’s website.

About Triumph

Headquartered in Dallas, Texas, Triumph Bancorp, Inc. (NASDAQ: TBK) is a financial holding company with a diversified line of community banking, commercial finance and asset management activities. www.triumphbancorp.com

Forward-Looking Statements

This press release 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;

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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 Triumph’s Annual Report on Form 10-K, filed with the Securities and Exchange Commission on March 6, 2015.

Non-GAAP Financial Measures

This press release includes certain Non-GAAP financial measures intended to supplement, not substitute for, comparable GAAP measures. Reconciliations of non-GAAP financial measures to GAAP financial measures are provided at the end of this press release.

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The following table sets forth key metrics used by Triumph to monitor its operations. Footnotes in this table can be found in our definitions of non-GAAP financial measures at the end of this document.

	As of and For the Three Months Ended
	Mar 31,			Dec 31,			Sep 30,			Jun 30,			Mar 31,
Key Metrics	2015			2014			2014			2014			2014
Financial Highlights (in thousands)
Total assets	$	1,472,743		$	1,447,898		$	1,347,798		$	1,407,072		$	1,297,110
Total loans held for investment		1,011,446			1,005,878			977,139			939,517			800,667
Total deposits		1,173,679			1,165,229			1,105,624			1,108,254			1,050,312
Net income available to common stockholders	$	13,852		$	2,021		$	9,495		$	2,285		$	3,148
Performance ratios - annualized
Return on average assets		3.93	%		0.78	%		3.01	%		0.88	%		1.19	%
Return on average common equity (1)		23.95	%		4.30	%		26.84	%		7.05	%		10.10	%
Return on average tangible common equity (ROATCE) (1)		27.38	%		5.11	%		34.26	%		8.98	%		13.00	%
Return on average total equity		23.31	%		5.02	%		23.16	%		7.18	%		9.26	%
Yield on loans		8.50	%		8.98	%		8.66	%		8.83	%		9.17	%
Adjusted yield on loans (1)		8.04	%		8.29	%		8.03	%		7.75	%		7.73	%
Cost of interest bearing deposits		0.64	%		0.61	%		0.56	%		0.50	%		0.50	%
Cost of total deposits		0.55	%		0.52	%		0.48	%		0.42	%		0.43	%
Cost of total funds		0.63	%		0.65	%		0.59	%		0.53	%		0.56	%
Net interest margin (1)		6.11	%		6.58	%		6.69	%		6.58	%		6.85	%
Adjusted net interest margin (1)		5.76	%		6.05	%		6.19	%		5.74	%		5.73	%
Net noninterest expense to average assets (1)		4.18	%		4.44	%		4.48	%		3.99	%		3.92	%
Efficiency ratio (1)		79.70	%		78.58	%		78.29	%		71.78	%		69.40	%
Asset Quality(2)
Past due to total loans		2.91	%		2.57	%		2.61	%		2.82	%		2.99	%
Nonperforming loans to total loans		1.66	%		1.66	%		1.80	%		1.54	%		1.32	%
Nonperforming assets to total assets		1.62	%		1.73	%		2.05	%		1.82	%		1.86	%
ALLL to nonperforming loans		55.28	%		53.02	%		41.68	%		43.16	%		43.92	%
ALLL to total loans		0.92	%		0.88	%		0.75	%		0.67	%		0.58	%
Net charge-offs to average loans		0.02	%		0.03	%		0.03	%		0.01	%		(0.01	%)
Capital(3)
Tier 1 capital to average assets		17.32	%		15.92	%		12.20	%		11.00	%		11.89	%
Tier 1 capital to risk-weighted assets		20.68	%		19.56	%		14.59	%		12.66	%		14.32	%
Common equity tier 1 capital to risk-weighted assets		18.32	%		N/A			N/A			N/A			N/A
Total capital to risk-weighted assets		21.47	%		20.35	%		15.27	%		13.22	%		14.78	%
Total equity to total assets		17.16	%		16.40	%		13.05	%		11.79	%		12.66	%
Total stockholders’ equity to total assets		17.16	%		16.40	%		11.12	%		9.95	%		10.58	%
Tangible common stockholders’ equity to tangible assets		14.75	%		14.00	%		8.38	%		7.21	%		7.85	%
Per Share Amounts
Book value per share	$	13.52		$	12.68		$	14.18		$	13.23		$	12.94
Tangible book value per share (1)	$	11.84		$	11.06		$	11.17		$	10.08		$	10.12
Basic earnings per common share	$	0.78		$	0.14		$	0.96		$	0.23		$	0.32
Diluted earnings per common share	$	0.76		$	0.14		$	0.91		$	0.23		$	0.32
Shares outstanding end of period		17,963,783			17,963,783			9,886,778			9,845,819			9,846,096

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Unaudited consolidated balance sheet as of:

	Mar 31,			Dec 31,			Sep 30,			Jun 30,			Mar 31,
(Dollars in thousands)	2015			2014			2014			2014			2014
ASSETS
Total cash and cash equivalents	$	178,442		$	160,888		$	75,625		$	85,716		$	106,951
Securities - available for sale		161,360			162,024			165,489			168,694			165,276
Securities - held to maturity		746			745			745			744			744
Loans held for sale		3,401			3,288			7,295			4,088			4,902
Loans held for investment		1,011,446			1,005,878			977,139			939,517			800,667
Allowance for loan and lease losses		(9,286	)		(8,843	)		(7,320	)		(6,253	)		(4,631	)
Loans, net		1,002,160			997,035			969,819			933,264			796,036
Branch assets held for sale		—			—			—			80,331			88,692
FHLB and FRB stock		4,466			4,903			5,826			7,976			5,233
Premises and equipment, net		21,716			21,933			21,744			20,708			20,502
Other real estate owned (OREO)		6,991			8,423			10,019			11,103			13,575
Goodwill and intangible assets, net		30,211			29,057			29,783			31,043			27,792
Bank-owned life insurance		29,193			29,083			28,955			28,829			28,695
Other assets		34,057			30,519			32,498			34,576			38,712
Total assets	$	1,472,743		$	1,447,898		$	1,347,798		$	1,407,072		$	1,297,110
LIABILITIES
Noninterest bearing deposits	$	167,538		$	179,848		$	154,750		$	176,245		$	155,879
Interest bearing deposits		1,006,141			985,381			950,874			932,009			894,433
Total deposits		1,173,679			1,165,229			1,105,624			1,108,254			1,050,312
Customer repurchase agreements		8,666			9,282			15,644			15,313			17,670
Federal Home Loan Bank advances		—			3,000			—			70,000			20,750
Senior secured note		—			—			11,630			11,944			12,259
Junior subordinated debentures		24,487			24,423			24,359			24,296			24,233
Other liabilities		13,234			8,455			14,713			11,341			7,705
Total liabilities		1,220,066			1,210,389			1,171,970			1,241,148			1,132,929
EQUITY
Preferred stock series A		4,550			4,550			4,550			4,550			4,550
Preferred stock series B		5,196			5,196			5,196			5,196			5,196
Common stock		180			180			99			98			98
Additional paid-in-capital		191,745			191,049			105,304			104,827			104,744
Treasury stock		(161	)		(161	)		(68	)		(4	)		—
Retained earnings		49,596			35,744			34,014			24,519			22,111
Accumulated other comprehensive income		1,571			951			836			841			485
Total stockholders’ equity		252,677			237,509			149,931			140,027			137,184
Noncontrolling interests		—			—			25,897			25,897			26,997
Total equity		252,677			237,509			175,828			165,924			164,181
Total liabilities and equity	$	1,472,743		$	1,447,898		$	1,347,798		$	1,407,072		$	1,297,110

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Unaudited consolidated statement of income for the three months ended:

	Mar 31,			Dec 31,			Sep 30,			Jun 30,			Mar 31,
(Dollars in thousands)	2015			2014			2014			2014			2014
Interest income:
Loans, including fees	$	13,239		$	14,138		$	13,706		$	13,860		$	14,376
Factored receivables, including fees		7,509			8,367			7,681			6,838			5,272
Taxable securities		678			644			666			663			657
Tax exempt securities		12			14			15			15			16
Cash deposits		141			117			50			77			58
Total interest income		21,579			23,280			22,118			21,453			20,379
Interest expense:
Deposits		1,570			1,498			1,289			1,141			1,108
Federal Home Loan Bank advances		1			2			19			20			4
Senior secured note		—			173			134			137			140
Junior subordinated debentures		272			276			276			272			271
Other		11			2			5			2			1
Total interest expense		1,854			1,951			1,723			1,572			1,524
Net interest income		19,725			21,329			20,395			19,881			18,855
Provision for loan losses		645			1,811			1,375			1,747			925
Net interest income after provision for loan losses		19,080			19,518			19,020			18,134			17,930
Noninterest income:
Service charges on deposits		612			647			811			813			738
Card income		523			516			544			548			490
Net realized gains/(losses) & valuation adjustments on OREO		26			(242	)		(11	)		(252	)		(77	)
Net gains on sale of securities		—			62			10			—			16
Net gains on sale of loans		542			437			484			319			255
Fee income		422			553			448			421			398
Gain on branch sale		—			—			12,619			—			—
Bargain purchase gain		12,509			—			—			—			—
Asset management fees		958			486			374			129			—
Other		1,067			1,262			525			655			789
Total noninterest income		16,659			3,721			15,804			2,633			2,609
Noninterest expense:
Salaries and employee benefits		13,269			12,752			11,032			9,471			8,876
Occupancy, furniture and equipment		1,572			1,429			1,319			1,336			1,390
FDIC insurance assessment		263			221			280			280			261
Carrying costs for OREO		79			68			73			100			132
Professional fees		1,327			1,146			1,043			793			592
Amortization of intangible assets		764			727			746			724			726
Advertising and promotion		543			366			1,102			683			443
Communications and technology		886			961			954			945			888
Other		2,080			2,015			1,912			1,828			1,588
Total noninterest expense		20,783			19,685			18,461			16,160			14,896
Net income before income tax		14,956			3,554			16,363			4,607			5,643
Income tax expense		912			747			6,089			1,626			1,916
Net income	$	14,044		$	2,807		$	10,274		$	2,981		$	3,727
Effect of noncontrolling interests and preferred shares		(192	)		(786	)		(779	)		(696	)		(579	)
Net income to common stockholders	$	13,852		$	2,021		$	9,495		$	2,285		$	3,148

7

Loans held for investment summarized for the most recent five quarters:

	Mar 31,		Dec 31,		Sep 30,		Jun 30,		Mar 31,
(Dollars in thousands)	2015		2014		2014		2014		2014
Commercial real estate	$	236,659	$	249,164	$	261,836	$	265,129	$	268,863
Construction, land development, land		52,203		42,914		45,996		43,040		39,230
1-4 family residential properties		73,605		78,738		80,419		81,187		79,542
Farmland		24,805		22,496		20,059		19,644		20,114
Commercial		371,614		364,567		340,316		328,361		234,986
Factored receivables		171,452		180,910		169,112		156,272		129,531
Consumer		11,201		11,941		12,527		13,525		13,515
Mortgage warehouse		69,907		55,148		46,874		32,359		14,886
Total loans	$	1,011,446	$	1,005,878	$	977,139	$	939,517	$	800,667

A portion of our total loan portfolio consists of commercial finance products offered on a nationwide basis, as further summarized below:

	Mar 31,			Dec 31,			Sep 30,			Jun 30,			Mar 31,
(Dollars in thousands)	2015			2014			2014			2014			2014
Equipment*	$	118,273		$	106,354		$	94,460		$	71,198		$	58,737
Asset based lending (General)*		36,511			46,388			50,046			48,699			39,643
Asset based lending (Healthcare)*		59,572			41,770			40,885			45,751			—
Factored receivables		171,452			180,910			169,112			156,272			129,531
Commercial finance	$	385,808		$	375,422		$	354,503		$	321,920		$	227,911
Total loans held for investment	$	1,011,446		$	1,005,878		$	977,139		$	939,517		$	800,667
Commercial finance as a % of total		38	%		37	%		36	%		34	%		28	%
Community banking as a % of total		62	%		63	%		64	%		66	%		72	%

* Denotes equipment loans offered under our Triumph Commercial Finance brand, general asset based loans offered under our Triumph Commercial Finance brand and healthcare asset based loan products offered under our Triumph Healthcare Finance brand.

8

Deposits summarized for the most recent five quarters:

	Mar 31,		Dec 31,		Sep 30,		Jun 30,		Mar 31,
(Dollars in thousands)	2015		2014		2014		2014		2014
Noninterest bearing demand	$	167,538	$	179,848	$	154,750	$	176,245	$	155,879
Interest-bearing demand		231,718		236,525		209,491		248,992		209,170
Individual retirement accounts		55,773		55,034		54,378		53,856		54,709
Money market		120,001		117,514		125,371		138,204		142,522
Savings		74,236		70,407		72,012		73,207		73,011
Certificates of deposit		474,413		455,901		439,603		367,731		356,844
Brokered deposits		50,000		50,000		50,019		50,019		58,177
Total deposits	$	1,173,679	$	1,165,229	$	1,105,624	$	1,108,254	$	1,050,312

9

Net interest margin summarized for the most recent two quarters:

	For the three months ended
	March 31, 2015							December 31, 2014
(Dollars in thousands)	Average Balance		Interest		Average Rate			Average Balance		Interest		Average Rate
Interest earning assets:
Interest earning cash balances	$	154,615	$	141		0.37	%	$	121,935	$	117		0.38	%
Taxable securities		154,810		627		1.64	%		157,294		590		1.49	%
Tax-exempt securities		5,910		12		0.82	%		6,401		14		0.87	%
FHLB & Fed Reserve stock		4,538		51		4.56	%		5,203		54		4.12	%
Total loans		990,450		20,748		8.50	%		994,633		22,505		8.98	%
Total interest earning assets	$	1,310,323	$	21,579		6.68	%	$	1,285,466	$	23,280		7.19	%
Noninterest earning assets:
Other assets		139,468							142,009
Total assets	$	1,449,791						$	1,427,475
Interest bearing liabilities:
Deposits:
Interest bearing deposits	$	230,455	$	33		0.06	%	$	232,784	$	35		0.06	%
Individual retirement accounts		55,369		156		1.14	%		53,381		154		1.14	%
Money market		119,199		67		0.23	%		121,242		71		0.23	%
Savings deposits		72,034		9		0.05	%		72,956		9		0.05	%
Certificates of deposit		468,573		1,181		1.02	%		449,166		1,103		0.97	%
Brokered deposits		50,003		124		1.01	%		50,190		126		1.00	%
Total deposits		995,633		1,570		0.64	%		979,719		1,498		0.61	%
Short-term borrowings		15,229		12		0.32	%		18,696		4		0.08	%
Senior secured note		—		—		0.00	%		5,337		173		12.86	%
Junior subordinated debentures		24,449		272		4.51	%		24,388		276		4.49	%
Total interest bearing liabilities	$	1,035,311	$	1,854		0.73	%	$	1,028,140	$	1,951		0.75	%
Noninterest bearing liabilities and equity:
Noninterest bearing demand deposits		160,875							164,369
Other liabilities		9,304							13,268
Total equity		244,301							221,698
Total liabilities and equity	$	1,449,791						$	1,427,475
Net interest income			$	19,725						$	21,329
Interest spread						5.95	%						6.44	%
Net interest margin on a fully tax-equivalent basis						6.11	%						6.58	%
Cost of total deposits						0.55	%						0.52	%
Cost of total funds						0.63	%						0.65	%

10

Metrics and non-GAAP financial reconciliation

	As of and For the Three Months Ended
(Dollars in thousands, except per share amounts)	Mar 31, 2015			Dec 31, 2014			Sep 30, 2014			Jun 30, 2014			Mar 31, 2014
Net income available to common stockholders	$	13,852		$	2,021		$	9,495		$	2,285		$	3,148
Dilutive effect of preferred stock		—			—			—			—			192
Less: gain on branch sale, net of tax		—			—			7,892			—			—
Less: bargain purchase gain, nontaxable		12,509			—			—			—			—
Add: merger and acquisition expenses, net of tax		158			—			—			—			—
Add: incremental bonus accrual, net of tax		1,138			—			—			—			—
Less: escrow recovery from Doral Healthcare Finance, net of tax		195			—			—			—			—
Adjusted net income available to common stockholders	$	2,444		$	2,021		$	1,603		$	2,285		$	3,340
Weighted average shares outstanding - diluted		18,428,663			14,261,717			10,602,155			9,910,507			10,544,902
Less: adjusted effects of assumed Preferred Stock conversion		676,351			—			676,351			—			—
Adjusted weighted average shares outstanding - diluted		17,752,312			14,261,717			9,925,804			9,910,507			10,544,902
Adjusted diluted earnings per common share	$	0.14		$	0.14		$	0.16		$	0.23		$	0.32
Average common equity	$	234,555			N/A			N/A			N/A			N/A
Less: average contribution impact of Doral Money, Inc transaction		3,549			N/A			N/A			N/A			N/A
Adjusted average common equity		231,006			N/A			N/A			N/A			N/A
Adjusted return on average common equity		4.29	%		N/A			N/A			N/A			N/A
Average total assets	$	1,449,791			N/A			N/A			N/A			N/A
Less: average contribution impact of Doral Money, Inc transaction		3,549			N/A			N/A			N/A			N/A
Adjusted average total assets		1,446,242			N/A			N/A			N/A			N/A
Adjusted return on average total assets		0.69	%		N/A			N/A			N/A			N/A
Net income available to common stockholders	$	13,852		$	2,021		$	9,495		$	2,285		$	3,148
Average tangible common equity		205,204			156,888			109,944			102,107			98,198
Return on average tangible common equity (ROATCE)		27.38	%		5.11	%		34.26	%		8.98	%		13.00	%
Efficiency ratio:
Net interest income	$	19,725		$	21,329		$	20,395		$	19,881		$	18,855
Noninterest income		16,659			3,721			15,804			2,633			2,609
Operating revenue		36,384			25,050			36,199			22,514			21,464
Less: gain on branch sale		—			—			12,619			—			—
Less: bargain purchase gain		12,509			—			—			—			—
Less: escrow recovery from Doral Healthcare Finance		300			—			—			—			—
Adjusted operating revenue	$	23,575		$	25,050		$	23,580		$	22,514		$	21,464
Total noninterest expenses	$	20,783		$	19,685		$	18,461		$	16,160		$	14,896
Less: merger and acquisition expenses		243			—			—			—			—
Less: incremental bonus accrual		1,750			—			—			—			—
Adjusted noninterest expenses	$	18,790		$	19,685		$	18,461		$	16,160		$	14,896
Efficiency ratio		79.70	%		78.58	%		78.29	%		71.78	%		69.40	%
Net noninterest expense to average assets ratio:
Total noninterest expenses	$	20,783		$	19,685		$	18,461		$	16,160		$	14,896
Less: merger and acquisition expenses		243			—			—			—			—
Less: incremental bonus accrual		1,750			—			—			—			—
Less: noninterest income, excluding gain on branch sale and bargain purchase gain		4,150			3,721			3,185			2,633			2,609
Add: escrow recovery from Doral Healthcare Finance		300			—			—			—			—
Adjusted net noninterest expenses	$	14,940		$	15,964		$	15,276		$	13,527		$	12,287
Average total assets		1,449,791			1,427,475			1,354,207			1,359,503			1,271,024
Net noninterest expense to average assets ratio		4.18	%		4.44	%		4.48	%		3.99	%		3.92	%
Reported yield on loans		8.50	%		8.98	%		8.66	%		8.83	%		9.17	%
Effect of accretion income on acquired loans		(0.46	%)		(0.69	%)		(0.63	%)		(1.08	%)		(1.44	%)
Adjusted yield on loans		8.04	%		8.29	%		8.03	%		7.75	%		7.73	%
Reported net interest margin		6.11	%		6.58	%		6.69	%		6.58	%		6.85	%
Effect of accretion income on acquired loans		(0.35	%)		(0.53	%)		(0.50	%)		(0.84	%)		(1.12	%)
Adjusted net interest margin		5.76	%		6.05	%		6.19	%		5.74	%		5.73	%
Total stockholders’ equity	$	252,677		$	237,509		$	149,931		$	140,027		$	137,184
Less: Preferred stock liquidation preference		9,746			9,746			9,746			9,746			9,746
Total common stockholders’ equity		242,931			227,763			140,185			130,281			127,438
Less: Goodwill and other intangibles		30,211			29,057			29,783			31,043			27,792
Tangible common stockholders’ equity	$	212,720		$	198,706		$	110,402		$	99,238		$	99,646
Common shares outstanding		17,963,783			17,963,783			9,886,778			9,845,819			9,846,096
Tangible book value per share	$	11.84		$	11.06		$	11.17		$	10.08		$	10.12
Total assets at end of period	$	1,472,743		$	1,447,898		$	1,347,798		$	1,407,072		$	1,297,110
Less: Goodwill and other intangibles		30,211			29,057			29,783			31,043			27,792
Adjusted total assets at period end	$	1,442,532		$	1,418,841		$	1,318,015		$	1,376,029		$	1,269,318
Tangible common stockholders’ equity ratio		14.75	%		14.00	%		8.38	%		7.21	%		7.85	%

11

1) The Company uses certain non-GAAP financial measures to provide meaningful supplemental information regarding the Company’s operational performance and to enhance investors’ overall understanding of such financial performance. The non-GAAP measures used by the Company include the following:

• “Common stockholders’ equity” is defined as total stockholders’ equity at end of period less the liquidation preference value of the preferred stock.

• “Adjusted diluted earnings per common share” is defined as adjusted net income available to common stockholders divided by adjusted weighted average diluted common shares outstanding. Excluded from net income available to common stockholders are material gains and expenses related to merger and acquisition-related activities, net of tax. In our judgment, the adjustments made to net income available to common stockholders allow management and investors to better assess our performance in relation to our core net income by removing the volatility associated with certain acquisition-related items and other discrete items that are unrelated to our core business. Weighted average diluted common shares outstanding are adjusted as a result of changes in their dilutive properties given the gain and expense adjustments described herein.

• “Adjusted average common equity” is defined as average common equity less the average bargain purchase gain.

• “Adjusted average total assets” is defined as average total assets less the average bargain purchase gain.

• “Adjusted return on average common equity” is defined as adjusted net income available to common stockholders divided by adjusted average common equity.

• “Adjusted return on average total assets” is defined as adjusted net income available to common stockholders divided by adjusted average total assets.

• “Net interest margin” is defined as net interest income divided by average interest-earning assets.

• “Tangible common stockholders’ equity” is common stockholders’ equity less goodwill and other intangible assets.

• “Total tangible assets” is defined as total assets less goodwill and other intangible assets.

• “Tangible book value per share” is defined as tangible common stockholders’ equity divided by total common shares outstanding. This measure is important to investors interested in changes from period-to-period in book value per share exclusive of changes in intangible assets.

• “Tangible common stockholders’ equity ratio” is defined as the ratio of tangible common stockholders’ equity divided by total tangible assets. We believe that this measure is important to many investors in the marketplace who are interested in relative changes from period-to period in common equity and total assets, each exclusive of changes in intangible assets.

• “Return on Average Tangible Common Equity” is defined as net income available to common stockholders divided by average tangible common stockholders’ equity.

• “Efficiency ratio” is defined as noninterest expenses divided by our operating revenue, which is equal to net interest income plus noninterest income. Also excluded are material gains and expenses related to merger and acquisition-related activities, including divestitures. In our judgment, the adjustments made to operating revenue allow management and investors to better assess our performance in relation to our core operating revenue by removing the volatility associated with certain acquisition-related items and other discrete items that are unrelated to our core business.

• “Net noninterest expense to average total assets” is defined as noninterest expenses net of noninterest income divided by total average assets. Excluded are material gains and expenses related to merger and acquisition-related activities, including divestitures. This metric is used by our management to better assess our operating efficiency.

• “Adjusted yield on loans” is our yield on loans after excluding loan accretion from our acquired loan portfolio. Our management uses this metric to better assess the impact of purchase accounting on our yield on loans, as the effect of loan discount accretion is expected to decrease as the acquired loans roll off of our balance sheet.

• “Adjusted net interest margin” is net interest margin after excluding loan accretion from the acquired loan portfolio. Our management uses this metric to better assess the impact of purchase accounting on net interest margin, as the effect of loan discount accretion is expected to decrease as the acquired loans mature or roll off of our balance sheet.

2) Asset quality ratios exclude loans held for sale.

12

3) Current quarter ratios are preliminary and, beginning January 1, 2015, are calculated under the requirements of Basel III.

Source: Triumph Bancorp, Inc.

###

Investor Relations:

Luke Wyse

Vice President, Finance & Investor Relations

lwyse@triumphllc.com

214-365-6936

Media Contact:

Amanda Tavackoli

Vice President, Marketing & Communication

atavackoli@triumphllc.com

214-365-6930

13

EX-99.2

LIKE NO OTHER

Q1 2015

EARNINGS

RELEASE

April 29, 2015

Exhibit 99.2

DISCLAIMER

FORWARD-LOOKING STATEMENTS

This presentation 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.

NON-GAAP FINANCIAL MEASURES

This presentation includes certain non-GAAP financial measures intended to supplement, not substitute for, comparable GAAP measures. Reconciliations of non-GAAP

financial measures to GAAP financial measures are provided at the end of the presentation .Numbers in this presentation may not sum due to rounding.

Unless otherwise referenced, all data presented is as of 3/31/2015.

PAGE 3

Headquartered in Dallas, Texas, Triumph Bancorp, Inc. (NASDAQ: TBK) is a financial holding company with a

diversified line of community banking, commercial finance and asset management activities.

www.triumphbancorp.com

$1.5

billion

in assets

13

states

(4)

509

team

members

(5)

PLATFORM OVERVIEW

(1)

Triumph

Savings

Bank,

SSB

d/b/a

Triumph

Commercial

Finance;

(2)

Triumph

Community

Bank,

N.A.

d/b/a

Triumph

Healthcare

Finance;

(3)

Advance

Business

Capital

LLC

d/b/a

Triumph

Business

Capital;

(4)

Number

of

states

represents

states

with

branches,

loan

production

offices

or

sales

personnel;

(5)

485

full

time

equivalent

employees.

(1)

(3)

(2)

PAGE 4

HOW WE GO TO MARKET

Community

Banking

Focused on

reaching our

communities

through service,

selling and

saturation

Emphasis on long-

term customer

relationships

Demonstrated ability

to work with clients

throughout

economic cycles

Focused on cross-

selling additional

products and

services to enhance

relationships

A bank for all

people, committed

to their financial

goals in every stage

of life

Factoring

Offered at our

Triumph Business

Capital subsidiary

and at Triumph

Savings Bank under

our Triumph

Commercial Finance

brand

Following over 10

years in the

business, Triumph

Business Capital is

among the largest

discount factors in

the transportation

sector

Expanding

operations into

staffing, distribution

and other sectors

Asset Based

Lending

Offered under our

Triumph

Commercial Finance

and Triumph

Healthcare Finance

brands

Decades of

experience in our

leadership team 

that has a proven

track record in credit

discipline

Specialized industry

expertise in

healthcare ABL

Relationship-based

lending built around

knowing our clients

and their businesses

Equipment Finance

Offered under our

Triumph

Commercial Finance

brand

National lending

platform focused on

transportation,

construction, and

waste management

Multi-use collateral

with a broad and

active resale

market, revenue

producing, long

economic life and

low risk of

obsolescence

Direct sales model

built on long term

relationships, many

going back over 10

years

Asset

Management

Offered through

Triumph Capital

Advisors

$1.7 billion in assets

under management,

including active

collateralized loan

obligations (“CLOs”)

and warehouse

assets

Focuses on issuing

and managing CLOs

Led by a team with

decades of

experience who has

been involved in the

issuance of nearly

$30 billion of CLOs

4 CLOs under

management and 1

CLO currently in

warehouse

Commercial Finance

Preliminary nontaxable bargain purchase gain

on Doral Money, Inc. of $12.5 million with a

net of tax contribution of $11.4 million

recognized in the quarter

Purchased Doral Money, Inc. acquiring two

additional CLOs and increasing AUM to $1.7

billion

Loan growth of $17.8 million in Triumph

Healthcare Finance, $11.9 million in TCF

Equipment Finance and $14.8 million in our

mortgage warehouse

Named one of the Best Companies to Work

for in TEXAS in 2015 by the Texas

Association of Business, after being named

a

Best Place to Work in Dallas in 2013 and

2014 by the Dallas Business Journal

$13.9 million

Net income to common stockholders

Q1 2015 HIGHLIGHTS

COMMERCIAL

FINANCE  LOAN

GROWTH

11.2%

NIM

6.11%

Net Interest Margin*

(5.76% adjusted)

ROA

3.93%

Return on Assets

TCE/TA

14.8%

Tangible Common

Equity / Tangible

Assets*

*Reconciliations of non-GAAP financial measures can be found at the end of the presentation

PAGE 5

(annualized)

PAGE 6

FINANCIAL HIGHLIGHTS

(1)

The Company uses certain non-GAAP financial measures to provide meaningful supplemental information regarding the Company's operational performance and to

enhance investors' overall understanding of such financial performance.

(2)

Asset quality ratios exclude loans held for sale

(3)

Current quarter

ratios

are

preliminary

and,

beginning

January

1,

2015,

are

calculated

under

the

requirements

of

Basel

III.

Key Metrics

Mar 31,

Dec 31,

Sep 30,

Jun 30,

Mar 31,

2015

2014

2014

2014

2014

Performance ratios -

annualized

Return on average assets

3.93%

0.78%

3.01%

0.88%

1.19%

Return on average tangible common equity (ROATCE)

(1)

27.38%

5.11%

34.26%

8.98%

13.00%

Yield on loans

8.50%

8.98%

8.66%

8.83%

9.17%

Cost of total deposits

0.55%

0.52%

0.48%

0.42%

0.43%

Net interest margin

(1)

6.11%

6.58%

6.69%

6.58%

6.85%

Net noninterest expense to average assets

(1)

4.18%

4.44%

4.48%

3.99%

3.92%

Efficiency ratio

(1)

79.70%

78.58%

78.29%

71.78%

69.40%

Asset Quality

(2)

Nonperforming assets to total assets

1.62%

1.73%

2.05%

1.82%

1.86%

ALLL to total loans

0.92%

0.88%

0.75%

0.67%

0.58%

Net charge-offs to average loans

0.02%

0.03%

0.03%

0.01%

(0.01%)

Capital

(3)

Tier 1 capital to average assets

17.32%

15.92%

12.20%

11.00%

11.89%

Tier 1 capital to risk-weighted assets

20.68%

19.56%

14.59%

12.66%

14.32%

Common equity tier 1 capital to risk-weighted assets

18.32%

N/A

N/A

N/A

N/A

Total capital to risk-weighted assets

21.47%

20.35%

15.27%

13.22%

14.78%

Per Share Amounts

Book value per share

13.52

$       

12.68

$       

14.18

$      

13.23

$      

12.94

$      

Tangible book value per share

(1)

11.84

$       

11.06

$       

11.17

$      

10.08

$      

10.12

$      

Basic earnings per common share

0.78

$         

0.14

$         

0.96

$        

0.23

$        

0.32

$        

Diluted earnings per common share

0.76

$         

0.14

$         

0.91

$        

0.23

$        

0.32

$        

As of and For the Three Months Ended

PAGE 7

REAL ESTATE

Commercial Real Estate                           

Construction, Land  & Development

1-4 Family Residential

Farmland

COMMERCIAL

MORTGAGE WAREHOUSE

Loans HFI = $1,011.4 million       

1Q15

Yield

=

8.50%

GAAP

(1)

Chart

data

labels

–

dollars

in

millions

(1)

Adjusted yield on loans of 8.04% excluding discount accretion. Reconciliations of non-GAAP financial measures can be found at the end of the presentation

HEALTHCARE ASSET

BASED LENDING

EQUIPMENT FINANCE

FACTORED RECEIVABLES

$171.5

ASSET BASED LENDING

$36.5

LOAN PORTFOLIO DETAIL

Community Banking / Other

Commercial Finance

CONSUMER

62%

25%

2%

11%

$385.8

38%

$625.6

62%

31%

15%

10%

44%

$11.2

$236.7

$52.2

$69.9

$157.3

$24.8

$73.6

$118.3

$59.6

PAGE 8

LOAN MIX, YIELD AND GROWTH

Community Banking / Other

Factored receivables

Equipment

Asset based lending (General)

Asset based lending (Healthcare)

Adjusted Loan Yields*

*Reconciliations of non-GAAP financial measures can be found at the end of the presentation

0%

2%

4%

6%

8%

10%

12%

14%

0

200

600

800

1,000

1,200

2Q13

3Q13

4Q13

1Q14

2Q14

3Q14

4Q14

1Q15

400

PAGE 9

LOAN YIELDS AND NET INTEREST

MARGIN

0%

2%

4%

6%

8%

10%

12%

14%

16%

0%

1%

2%

3%

4%

5%

6%

7%

8%

9%

10%

•

SNL

U.S.

Bank

$1B-$5B

:

Includes

all

Major

Exchange

(NYSE,

NYSE

MKT,

NASDAQ)

Banks

in

SNL's

coverage

universe

with

$1B

to

$5B

in

Assets

as

of

04/27/2015

**Reconciliations of non-GAAP financial measures can be found at the end of the presentation

2Q13

3Q13

4Q13

1Q14

2Q14

3Q14

4Q14

1Q15

GAAP / Reported

Adjusted**

SNL U.S. Bank $1B-$5B*

12.29%

12.86%

9.38%

9.17%

8.83%

8.66%

8.98%

8.50%

11.56%

12.48%

7.69%

7.73%

7.75%

8.03%

8.29%

8.04%

9.04%

9.06%

6.68%

6.85%

6.58%

6.69%

6.58%

6.11%

8.46%

8.76%

5.43%

5.73%

5.74%

6.19%

6.05%

5.76%

3.80%

3.83%

3.85%

3.74%

3.72%

3.74%

3.74%

3.70%

2Q13

3Q13

4Q13

1Q14

2Q14

3Q14

4Q14

1Q15

PAGE 10

DEPOSIT MIX, RATE AND GROWTH

0.0%

0.2%

0.4%

0.6%

0.8%

1.0%

1.2%

1.4%

1.6%

0

200,000

400,000

600,000

800,000

1,000,000

1,200,000

1,400,000

2Q13

3Q13

4Q13

1Q14

2Q14

3Q14

4Q14

1Q15

Brokered deposits

Certificates of deposit

Interest bearing deposits

Noninterest bearing demand

Cost of total deposits

Cost of interest bearing deposits

PAGE 11

NONINTEREST INCOME

Note: Excludes $12.5 million bargain purchase gain in Q1 2015, $12.6 million branch sale gain in Q3 2014 and $9.0 million bargain purchase gain in Q4 2013 for comparability purposes

0.0%

2.0%

4.0%

6.0%

8.0%

10.0%

12.0%

14.0%

16.0%

18.0%

20.0%

—

500

1,000

1,500

2,000

2,500

3,000

3,500

4,000

4,500

Q2 2013

Q3 2013

Q4 2013

Q1 2014

Q2 2014

Q3 2014

Q4 2014

Q1 2015

Service charges on deposits

Card income

Fee income

Asset management fees

Other

Noninterest income as a % of total revenue

PAGE 12

Noninterest expense = $20.8 million     

Noninterest expense = $19.7 million     

Efficiency Ratio = 78.6%*

Q1 2015

Q4 2014

Chart

data

labels

–

dollars

in

thousands

NONINTEREST EXPENSE

Salaries and employee

benefits

$13,269

Occupancy, furniture

and equipment

$1,572

Professional fees

$1,327

Advertising and

promotion

$543

Communications and

technology

$886

Other

$3,186

Salaries and employee

benefits

$12,752

Occupancy, furniture

and equipment

$1,429

Professional fees

$1,146

Advertising and

promotion

$366

Communications and

technology

$961

Other

$3,031

Efficiency Ratio = 79.7%*

($18.8 million adjusted*)

*Q1 2015 efficiency ratio calculated on adjusted noninterest expense.  Reconciliations of non-GAAP financial measures can be found at the

end of the presentation.

PAGE 13

ASSET QUALITY

-0.1%

0.0%

0.1%

0.2%

0.3%

0.4%

0.5%

0.6%

(200)

-

200

400

600

800

1,000

1,200

1,400

1,600

2Q13

3Q13

4Q13

1Q14

2Q14

3Q14

4Q14

1Q15

Net Chargeoffs (NCOs)

NCOs / Average Loans

0.0%

0.5%

1.0%

1.5%

2.0%

2.5%

3.0%

3.5%

4.0%

-

5.0

10.0

15.0

20.0

25.0

30.0

2Q13

3Q13

4Q13

1Q14

2Q14

3Q14

4Q14

1Q15

Non-Performing Assets (NPAs)

NPAs / Assets

PAGE 14

Coverage Analysts:

Brad Milsaps -

Sandler O’Neill & Partners

John Pancari -

Evercore ISI

Jared Shaw -

Wells Fargo Securities, LLC

Jefferson Harralson -

Keefe, Bruyette and Woods

Bill Carcache -

Nomura Securities International

INVESTMENT CONSIDERATIONS

•

We are an entrepreneurial financial services company that seeks to balance financial returns with franchise value

creation

•

We prefer to spread our risk all along the economic continuum (start-ups to mature businesses) through a variety

of community banking and commercial finance products and services

•

We provide bundled services (insurance, treasury management, etc.) which contribute to operational efficiency,

client retention and relational pricing power

•

We leverage a highly experienced, well respected executive leadership team who has experience at much larger

institutions

•

Our community banking and commercial finance lending operations are built on policies, processes and, most

importantly, people that have successfully navigated multiple credit cycles

0.85

0.90

0.95

1.00

1.05

1.10

1.15

1.20

11/7/2014

12/7/2014

1/7/2015

2/7/2015

3/7/2015

Normalized as of  11/7/2014 through 3/31/2015

TBK Equity -

Last Price

BKX Index -

Last Price

CBNK Index -

Last Price

APPENDIX

LIKE NO OTHER

PAGE 16

OIL AND GAS DETAIL

As part of our ongoing operations, Triumph lends in the energy space in Texas and across the nation.  Our activities consist of

indirect transactions with short durations or to customers borrowing on mostly multi-use assets.  We do not participate in

production or reserve based lending.

ASSET BASED LENDING

We have approximately $16.1 million in exposure to energy

related clients.  These loans are mostly working capital

loans where we maintain dominion of cash.  We typically

average less than 45 days exposure with these clients.

COMMUNITY BANKING

We currently do not have any material exposure in our

community banking portfolio.

FACTORING

We have exposure and factor approximately $15.0 million

for transportation clients who haul for energy related

account debtors.  A small portion of these provide

miscellaneous oilfield services unrelated to trucking

(roustabout, welding, tank cleaning, etc.).  We perform

regular credit checks on the account debtors and average

between 70 and 80 days exposure.  Payment terms have

extended due to back office consolidations and closures

among account debtors and this is affecting remittance

routing.  At this time, we do not see any increased

likelihood of nonpayment by these account debtors.

EQUIPMENT

We have approximately $28.5 million in exposure to energy

related clients.  Most of these loans are secured by multi-

use equipment not directly tied to the energy industry, such

as trucks, trailers and cranes for which there is a robust

secondary market.

PAGE 17

DORAL MONEY, INC. ACQUISITION DETAILS

Doral Money, Inc. Transaction Highlights

*Asset management fees include a performance fee of $258,000, that was

payable on the first payment date of Trinitas II

-

100

200

300

400

500

600

700

800

900

1,000

-

200

400

600

800

1,000

1,200

1,400

1,600

1,800

Q2 2014

Q3 2014

Q4 2014

Q1 2015*

Assets under management

Asset management fees

Triumph Capital Advisors: AUM & Fees

•

On March 3, 2015, we acquired Doral

Money, Inc. (“DMI”), a subsidiary of Doral

Bank, in connection with the FDIC’s

auction process for Doral Bank

•

Triumph Capital Advisors (“TCA”)

acquired the management contracts to

two active CLOs consisting of

approximately $700 million in assets

under management (“AUM”)

•

TCA’s AUM increased to approximately

$1.7 billion as a result of the transaction

•

TCA also acquired a $37 million shared

national credit (“SNC”) portfolio and

certain securities of the CLOs

•

The CLO securities were divested to a

third party upon closing, and the SNC

portfolio was liquidated, with no material

gains or losses, within days of closing

(Dollars in thousands)

Summary of

Fair Values

Fair value of net assets acquired:

Equity of DMI (fair value of net DMI assets)

146,455

$       

CLO management contracts

1,918

Fair value of net assets acquired

148,373

Consideration Transferred:

Cash paid at closing

133,263

Sales price adjustment

2,601

Consideration Transferred

135,864

Bargain purchase gain:

12,509

$         

PAGE 18

NON-GAAP FINANCIAL RECONCILIATION

Metrics and non-GAAP financial reconciliation

Mar 31,

Dec 31,

Sep 30,

Jun 30,

Mar 31,

(Dollars in thousands, except per share amounts)

2015

2014

2014

2014

2014

Net income available to common stockholders

13,852

$      

2,021

$       

9,495

$       

2,285

$       

3,148

$       

Dilutive effect of preferred stock

—

—

—

—

192

Less: gain on branch sale, net of tax

—

—

7,892

—

—

Less: bargain purchase gain, nontaxable

12,509

—

—

—

—

Add: merger and acquisition expenses, net of tax

158

—

—

—

—

Add: incremental bonus accrual, net of tax

1,138

—

—

—

—

Less: escrow recovery from Doral Healthcare Finance, net of tax

195

—

—

—

—

Adjusted net income available to common stockholders

2,444

$        

2,021

$       

1,603

$       

2,285

$       

3,340

$       

Weighted average shares outstanding - diluted

18,428,663

14,261,717

10,602,155

9,910,507

10,544,902

Less: adjusted effects of assumed Preferred Stock conversion

676,351

—

676,351

—

—

Adjusted weighted average shares outstanding - diluted

17,752,312

14,261,717

9,925,804

9,910,507

10,544,902

Adjusted diluted earnings per common share

0.14

$          

0.14

$         

0.16

$         

0.23

$         

0.32

$         

Average common equity

234,555

$    

N/A

N/A

N/A

N/A

Less: average contribution impact of Doral Money, Inc transaction

3,549

N/A

N/A

N/A

N/A

Adjusted average common equity

231,006

N/A

N/A

N/A

N/A

Adjusted return on average common equity

4.29%

N/A

N/A

N/A

N/A

Average total assets

1,449,791

$ 

N/A

N/A

N/A

N/A

Less: average contribution impact of Doral Money, Inc transaction

3,549

N/A

N/A

N/A

N/A

Adjusted average total assets

1,446,242

N/A

N/A

N/A

N/A

Adjusted return on average total assets

0.69%

N/A

N/A

N/A

N/A

As of and For the Three Months Ended

PAGE 19

NON-GAAP FINANCIAL RECONCILIATION

Metrics and non-GAAP financial reconciliation (cont'd)

As of and For the Three Months Ended

Mar 31,

Dec 31,

Sep 30,

Jun 30,

Mar 31,

($ in thousands, except per share amounts)

2015

2014

2014

2014

2014

Net income available to common stockholders

13,852

$      

2,021

$       

9,495

$       

2,285

$       

3,148

$       

Average tangible common equity

205,204

156,888

109,944

102,107

98,198

Return on average tangible common equity (ROATCE)

27.38%

5.11%

34.26%

8.98%

13.00%

Efficiency ratio:

Net interest income

19,725

$      

21,329

$     

20,395

$     

19,881

$     

18,855

$     

Noninterest income

16,659

3,721

15,804

2,633

2,609

Operating revenue

36,384

25,050

36,199

22,514

21,464

Less: gain on branch sale

—

—

12,619

—

—

Less: bargain purchase gain

12,509

—

—

—

—

Less: escrow recovery from Doral Healthcare Finance

300

—

—

—

—

Adjusted operating revenue

23,575

$      

25,050

$     

23,580

$     

22,514

$     

21,464

$     

Total noninterest expenses

20,783

$      

19,685

$     

18,461

$     

16,160

$     

14,896

$     

Less: merger and acquisition expenses

243

—

—

—

—

Less: incremental bonus accrual

1,750

—

—

—

—

Adjusted noninterest expenses

18,790

$      

19,685

$     

18,461

$     

16,160

$     

14,896

$     

Efficiency ratio

79.70%

78.58%

78.29%

71.78%

69.40%

Net noninterest expense to average assets ratio:

Total noninterest expenses

20,783

$      

19,685

$     

18,461

$     

16,160

$     

14,896

$     

Less: merger and acquisition expenses

243

—

—

—

—

Less: incremental bonus accrual

1,750

—

—

—

—

Less: noninterest income, excluding gain on branch sale and bargain purchase gain

4,150

3,721

3,185

2,633

2,609

Less: escrow recovery from Doral Healthcare Finance

300

—

—

—

—

Adjusted net noninterest expenses

14,940

$      

15,964

$     

15,276

$     

13,527

$     

12,287

$     

Average total assets

1,449,791

1,427,475

1,354,207

1,359,503

1,271,024

Net noninterest expense to average assets ratio

4.18%

4.44%

4.48%

3.99%

3.92%

PAGE 20

NON-GAAP FINANCIAL RECONCILIATION

Metrics and non-GAAP financial reconciliation (cont'd)

As of and For the Three Months Ended

Mar 31,

Dec 31,

Sep 30,

Jun 30,

Mar 31,

($ in thousands, except per share amounts)

2015

2014

2014

2014

2014

Reported yield on loans

8.50%

8.98%

8.66%

8.83%

9.17%

Effect of accretion income on acquired loans

(0.46%)

(0.69%)

(0.63%)

(1.08%)

(1.44%)

Adjusted yield on loans

8.04%

8.29%

8.03%

7.75%

7.73%

Reported net interest margin

6.11%

6.58%

6.69%

6.58%

6.85%

Effect of accretion income on acquired loans

(0.35%)

(0.53%)

(0.50%)

(0.84%)

(1.12%)

Adjusted net interest margin

5.76%

6.05%

6.19%

5.74%

5.73%

Total stockholders' equity

252,677

$  

237,509

$  

149,931

$  

140,027

$  

137,184

$  

Less: Preferred stock liquidation preference

9,746

9,746

9,746

9,746

9,746

Total common stockholders' equity

242,931

227,763

140,185

130,281

127,438

Less: Goodwill and other intangibles

30,211

29,057

29,783

31,043

27,792

Tangible common stockholders' equity

212,720

$  

198,706

$  

110,402

$  

99,238

$    

99,646

$    

Common shares outstanding

17,963,783

17,963,783

9,886,778

9,845,819

9,846,096

Tangible book value per share

11.84

$      

11.06

$      

11.17

$      

10.08

$      

10.12

$      

Total assets at end of period

1,472,743

$

1,447,898

$

1,347,798

$

1,407,072

$

1,297,110

$

Less: Goodwill and other intangibles

30,211

29,057

29,783

31,043

27,792

Adjusted total assets at period end

1,442,532

$

1,418,841

$

1,318,015

$

1,376,029

$

1,269,318

$

Tangible common stockholders' equity ratio

14.75%

14.00%

8.38%

7.21%

7.85%