Law Offices of Howard G. Smith announces an investigation on behalf of Triumph Financial, Inc. (“Triumph” or the “Company”) (NASDAQ: TFIN) investors concerning the Company’s possible violations of federal securities laws.
IF YOU ARE AN INVESTOR WHO SUFFERED A LOSS IN TRIUMPH FINANCIAL, INC. (TFIN), CONTACT THE LAW OFFICES OF HOWARD G. SMITH ABOUT POTENTIALLY PURSUING CLAIMS TO RECOVER YOUR LOSS.
Contact the Law Offices of Howard G. Smith to discuss your legal rights by email at howardsmith@howardsmithlaw.com, by telephone at (215) 638-4847 or visit our website at www.howardsmithlaw.com.
What Happened?
On January 22, 2025, after market hours, Triumph released its fourth quarter 2024 financial report, missing consensus estimates on revenue and earnings per share. The Company explained earnings were “below our historical average” in part because “credit costs were higher than they should have been.” The Company also stated liquid credit was responsible for 62% of credit expenses in the quarter and “[d]erisking and shrinking this portfolio has taken time and been frustrating” with the Company having to “learn[] lessons here that we will not forget.”
The Company also warned that first quarter 2025 earnings are expected to be even lower, and it does not anticipate material revenue will be generated from recently announced initiatives during the first half of 2025.
On this news, Triumph’s stock price fell $13.11, or 14.3%, to close at $78.86 per share on January 23, 2025, thereby injuring investors.
Contact Us To Participate or Learn More:
If you purchased Triumph securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact us:
Law Offices of Howard G. Smith,
3070 Bristol Pike, Suite 112,
Bensalem, Pennsylvania 19020,
Telephone: (215) 638-4847
Email: howardsmith@howardsmithlaw.com,
Visit our website at: www.howardsmithlaw.com.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.
View source version on businesswire.com: https://www.businesswire.com/news/home/20250129410464/en/
Contacts
Law Offices of Howard G. Smith
Howard G. Smith, Esquire
215-638-4847
howardsmith@howardsmithlaw.com
www.howardsmithlaw.com
