Sign in

TFIN on NYSE

Triumph Financial, Inc.

American state commercial bank that raised $20 million in 2025 (SEC Form D)2

In its 2026 annual report the company says: “Triumph Financial, Inc. is a financial holding company headquartered in Dallas, Texas and registered under the Bank Holding Company Act of 1956, as amended. We offer a diversified line of banking, factoring, payments, and intelligence services. We also offer data services through our Intelligence offerings.”5 Its shares trade on NYSE under the symbol TFIN.2

Price unavailable

Last updated Oct 21, 2026.

Overview

Compare with another stock.

  • TickerTFIN on NYSE2
  • IndustryState Commercial Banks2
  • HeadquartersDallas, United States2
  • Incorporated inTX3
  • Business address12700 Park Central Drive, Suite 1700, Dallas, Tx 752513
  • Filer categoryLarge accelerated filer3
  • Legal formCorporation2
  • LEI5493003RNRMEVYDZ1Q522
  • StatusActive2
  • LEI statusLapsed (not renewed)2
  • Registered addressc/o C T CORPORATION SYSTEM; 1999 BRYAN ST., STE. 900, 75201 Dallas, United States2
  • Registered withCorporations Section (Texas Secretary of State), 08002671392

See how the biggest companies compare on our leaderboards

Triumph Financial, Inc. (“we,” “Triumph Financial” or the “Company”) is a financial holding company headquartered in Dallas, Texas and registered under the Bank Holding Company Act of 1956, as amended (the “BHC Act”). We offer a diversified line of banking, factoring, payments, and intelligence services.5 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Products and services

Financial Service brought in 78% of the revenue Triumph Financial, Inc. broke down this way in fiscal 2025.

  1. Financial Service$49.7M678%up 40% from 2024
  2. Credit and Debit Card$7.6M612%down 5% from 2024
  3. Deposit Account$6.7M610%down 6% from 2024
Products and services by year
Products and services202320242025
Financial Service$30.2M$35.4M$49.7M
Credit and Debit Card$8.2M$8.0M$7.6M
Deposit Account$7.0M$7.1M$6.7M

Financial statements

Net income789106$25.4M in 2025−57% since 2019
0$50.0M$100.0M$150.0M2019: $58.5M$58.5M20192020: $64.0M$64.0M2020+9%2021: $113.0M$113.0M2021+76%2022: $102.3M$102.3M2022−9%2023: $41.1M$41.1M2023−60%2024: $16.1M$16.1M2024−61%2025: $25.4M$25.4M2025+58%

Every line of the income statement as filed: the last 3 fiscal years, latest first.6

Period ending2025-12-312024-12-312023-12-31
Loans, including fees$220.0M$213.8M$228.4M
Factored receivables, including fees$172.9M$159.9M$160.6M
Securities$21.6M$23.6M$19.8M
FHLB and other stock$1.7M$998.0K$1.0M
Cash deposits$14.2M$24.2M$12.6M
Total interest and dividend income$430.5M$422.5M$422.4M
Deposits$64.1M$56.2M$34.3M
Subordinated notes$2.7M$4.7M$5.3M
Junior subordinated debentures$4.1M$4.6M$4.4M
Other borrowings$9.1M$6.5M$10.3M
Total interest expense$79.9M$72.1M$54.3M
Net interest income (expense)$350.6M$350.5M$368.1M
Credit loss expense (benefit)$3.1M$18.8M$12.2M
Net interest income (expense) after credit loss expense$347.4M$331.7M$355.9M
Net gains (losses) on sale or call of securities$0-$1.0K$102.0K
Net gains (losses) on sale of loans$514.0K$178.0K$119.0K
Net gains (losses) on disposal of premises and equipment$14.9M$28.0K$49.0K
Insurance commissions$3.5M$5.9M$5.0M
Other$5.5M$8.8M-$552.0K
Total noninterest income$88.4M$65.4M$50.2M
Salaries and employee benefits$233.9M$219.6M$210.6M
Occupancy, furniture and equipment$31.9M$33.0M$28.9M
FDIC insurance and other regulatory assessments$4.4M$2.7M$2.6M
Professional fees$15.3M$17.8M$13.2M
Amortization of intangible assets$11.6M$12.0M$11.5M
Advertising and promotion$7.2M$6.2M$6.7M
Communications and technology$49.8M$50.9M$45.7M
Software amortization$10.8M$5.8M$4.5M
Travel and entertainment$5.3M$5.4M$6.1M
Other$32.8M$23.1M$23.5M
Total noninterest expense$402.9M$376.6M$353.2M
Net income (loss) before income tax expense$33.0M$20.5M$52.8M
Income tax expense$7.6M$4.4M$11.7M
Net income$25.4M$16.1M$41.1M
Dividends on preferred stock-$3.2M-$3.2M-$3.2M
Net income available to common stockholders$22.2M$12.9M$37.9M
Basic (in dollars per share)$0.94$0.55$1.63
Diluted (in dollars per share)$0.93$0.54$1.61

Compare Triumph Financial, Inc. with another company

Corporate structure

Triumph Financial, Inc. sits at the top of its group. 2 entities, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of Triumph Financial, Inc.

  • Triumph Financial, Inc. Dallas, Texas, United States
    • TBK BANK, SSB Subsidiary · Dallas, Texas, United States

Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What Triumph Financial, Inc. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, before depreciation$167.4M6 Dec 31, 2025$237.4M6 Dec 31, 2024−29.5%
Accumulated depreciation$76.3M6 Dec 31, 2025$76.6M6 Dec 31, 2024−0.4%
Property and equipment, net$91.1M6 Dec 31, 2025$160.7M6 Dec 31, 2024−43.3%
Operating-lease assets (leased space)$22.7M6 Dec 31, 2025$26.6M6 Dec 31, 2024−14.7%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$248.5M6 Dec 31, 2025$330.1M6 Dec 31, 2024−24.7%
Equity securities at fair value$4.6M6 Dec 31, 2025$4.4M6 Dec 31, 2024+3.2%
Loans, net of allowance$5.0B6 Dec 31, 2025$4.5B6 Dec 31, 2024+10.0%
Deposits held (banks)$5.0B6 Dec 31, 2025$4.8B6 Dec 31, 2024+2.7%

Intangibles and goodwill

ItemLatestA year beforeChange
Goodwill$355.3M6 Dec 31, 2025$241.9M6 Dec 31, 2024+46.8%
Intangible assets, net (excluding goodwill)$47.9M6 Dec 31, 2025$16.3M6 Dec 31, 2024+194.5%
Indefinite-lived intangibles (excluding goodwill)$850.0K6 Dec 31, 2025$851.0K10 Dec 31, 2024−0.1%
Accumulated amortization$91.8M6 Dec 31, 2025$81.6M6 Dec 31, 2024+12.5%
Finite-lived intangibles, net$47.0M6 Dec 31, 2025$15.4M10 Dec 31, 2024+205.3%

Properties, in its own words

Our corporate office is located at 12700 Park Central Drive, Suite 1700, Dallas, Texas 75251.

TBK Bank operates retail branch networks in three geographic markets, (i) a mid-western division consisting of ten branches in the Quad Cities Metropolitan Area of Iowa and Illinois, together with seven other branches throughout central and northwestern Illinois and one branch in northeastern Illinois, (ii) a western division consisting of thirty-nine branches located throughout Colorado, two branches in far western Kansas and two branches in New Mexico and (iii) a Dallas, Texas division consisting of two locations, one in which we maintain our corporate office facility and a full-service branch and one additional full-service branch location. We lease ten of these offices and own the remaining fifty-three. Our owned offices are freestanding permanent facilities and the leased offices are part of larger retail facilities. Most of TBK Bank’s branches are equipped with automated teller machines (“ATM”) and drive-through facilities. Our Payments and Intelligence businesses operate out of our corporate office facility in Dallas, Texas.

The rest of Item 2

Factoring operates from a leased facility within a larger business park located in Coppell, Texas as well as leased facilities in El Paso, Texas, Chicago, Illinois and San Diego, California.

Item 2 of the 10-K filed Feb 11, 2026.5

Leadership

Who has led Triumph Financial, Inc., and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Aaron P. Graft2014–2022
  2. Geoffrey Paul Brenner2022

Chair

  1. Carlos M. Sepulveda2014–2015

President

  1. Aaron P. Graft2014–2022
  2. Todd Ritterbusch2022–now

Chief financial officer

  1. R. Bryce Fowler2014–2021
  2. William B. Voss2021–now

Chief operating officer

  1. Edward Joseph Schreyer2022–now
201520202025
Board members and other officers (23)

Named in SEC Form D filings

People the company listed in its private-offering notices.

  • Executive Vice President and Chief Financial OfficerW. Bradley P. Voss named May 14, 202543
  • DirectorCharles A. Anderson named May 14, 202543
  • DirectorRichard L. Davis named May 14, 202543

Subsidiaries and ownership

Subsidiaries (Exhibit 21)

  • TBK Bank, SSB Texas4

The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.

Former names

  • Triumph Bancorp, Inc.Jan 20, 2012 to Nov 30, 20223

Timeline

  1. Aug 31, 20268-K Other events44
  2. Jul 21, 20268-K Results of operations45
  3. May 29, 20268-K Other events46
  4. Apr 23, 20268-K Shareholder vote47
  5. Apr 21, 20268-K Results of operations48
  6. Feb 27, 20268-K Other events49
  7. Jan 26, 20268-K Results of operations50
  8. Nov 28, 20258-K Other events51
  9. Oct 15, 20258-K Results of operations; Regulation FD disclosure52
  10. Sep 11, 20258-K Other events53
  11. Aug 29, 20258-K Other events54
  12. Aug 21, 20258-K Other events55
  13. Apr 28, 2022New chief executive Geoffrey Paul Brenner becomes CEO14
  14. Nov 6, 2014New chief executive Aaron P. Graft becomes CEO15
  15. Nov 9, 2003Founded Triumph Financial, Inc. is founded2

Calendar

Coming up

  1. Oct 21, 2026 · After the closeReports results for the quarter ending Sep/2026 A year earlier it reported $0.19 a share, on Oct 15, 2025.56

When it reported results

  1. Jul 21, 2026Reported quarterly or annual results45
  2. Apr 21, 2026Reported quarterly or annual results48
  3. Jan 26, 2026Reported quarterly or annual results50
  4. Oct 15, 2025Reported quarterly or annual results52
  5. Jul 16, 2025Reported quarterly or annual results57
  6. Apr 16, 2025Reported quarterly or annual results58
  7. Jan 22, 2025Reported quarterly or annual results59
  8. Oct 16, 2024Reported quarterly or annual results60

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

413 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 69 major events, 222 insider forms, 29 large holders, 1 private raises, 72 other. The latest 20:

  1. Aug 31, 20268-K EDGAR
  2. Aug 21, 20264 EDGAR
  3. Aug 20, 2026144 EDGAR
  4. Aug 13, 2026SCHEDULE 13G/A EDGAR
  5. Aug 5, 20264 EDGAR
  6. Aug 4, 2026144 EDGAR
  7. Jul 31, 2026SCHEDULE 13G EDGAR
  8. Jul 21, 202610-Q EDGAR
  9. Jul 21, 20268-K EDGAR
  10. May 29, 20268-K EDGAR
  11. May 26, 20264 EDGAR
  12. May 22, 2026144 EDGAR
  13. May 12, 2026SCHEDULE 13G EDGAR
  14. May 11, 20264 EDGAR
  15. May 5, 20264 EDGAR
  16. May 5, 20264 EDGAR
  17. May 5, 20264/A EDGAR
  18. May 5, 20264 EDGAR
  19. May 5, 20264 EDGAR
  20. May 5, 20264/A EDGAR

The 413 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

83 open-market trades by officers, directors and large owners since October 2021: 40 buys and 43 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Aug 20, 2026Schreyer Edward JosephEVP, Chief Operating OfficerSale2,900$73.75$213.9KForm 4
Aug 4, 2026Nelson Adam DEVP and General CounselSale3,750$79.05$296.4KForm 4
May 22, 2026Schreyer Edward JosephEVP, Chief Operating OfficerSale2,900$66.70$193.4KForm 4
May 8, 2026Ritterbusch ToddPresident - TBK Bank, SSBBuy7,000$67.01$469.1KForm 4
Mar 10, 2026Voss William B.Chief Financial OfficerSale427$59.57$25.4KForm 4
Feb 27, 2026Graft Aaron PPresident & CEOBuy8,949$55.87$500.0KForm 4
Dec 18, 2025Nelson Adam DEVP and General CounselSale3,000$65.18$195.5KForm 4
Sep 2, 2025Schreyer Edward JosephEVP, Chief Operating OfficerSale7,275$60.43$439.6KForm 4
Aug 25, 2025Nelson Adam DEVP and General CounselSale3,500$60.39$211.4KForm 4
Aug 22, 2025Graft Aaron PPresident & CEOSale6,500$60.18$391.2KForm 4
Jul 1, 2025Nelson Adam DEVP and General CounselSale3,500$60.16$210.6KForm 4
Jun 9, 2025Schreyer Edward JosephEVP, Chief Operating OfficerSale7,275$60.00$436.5KForm 4
Jun 9, 2025Graft Aaron PPresident & CEOSale6,500$60.15$391.0KForm 4
May 5, 2025Deadman Davis RDirectorBuy399$21.50$8.6KForm 4
May 2, 2025Deadman Davis RDirectorBuy601$21.70$13.0KForm 4
May 2, 2025Rafferty Michael PDirectorBuy688$21.50$14.8KForm 4
May 1, 2025Rafferty Michael PDirectorBuy650$21.27$13.8KForm 4
Apr 29, 2025Barnes Harrison B.DirectorBuy1,000$53.65$53.6KForm 4
Apr 25, 2025Deadman Davis RDirectorBuy1,500$53.50$80.2KForm 4
Apr 24, 2025Anderson Charles ADirectorBuy3,950$50.96$201.3KForm 4

All 83 trades can be filtered by person here when JavaScript is on.

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Executive pay

What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.

YearExecutiveAgeSalaryTotal pay
2025AARON P. GRAFT48$725.0K$4.6M71
2025EDWARD J. SCHREYER59$500.0K$2.3M71
2025TODD RITTERBUSCH57$416.7K$1.5M71
2025W. BRADLEY VOSS50$400.0K$1.4M71
2025ADAM NELSON48$400.0K$1.3M71
2024DirectorVice Chairman,$725.0K$3.5M71
2024Executive VicePresident,$400.0K$1.1M71
2024PresidentTBK Bank, and$400.0K$1.0M71
2023CEO & President$720.8K$3.3M71
2023COO$500.0K$1.7M71
2023CFO$395.8K$1.1M71

Funding

Where the company's money came from, by calendar year: private offerings filed with the SEC, federal grants, loans, contracts and other assistance from USAspending.gov, and PPP loans from the SBA. Each bar links to the records below.

Money received by year$20.0M 2025–2025
Money received by yearMoney received by year, 2025–2025: $20.0M in all. Private raises (Form D) $20.0M.$0$5M$10M$15M$20M2025 · Private raises (Form D): $20.0M2025
Figures by year
YearPrivate raises (Form D)Total
2025$20.0M$20.0M

Private raises

Private offerings the company reported to the SEC on Form D. The amount is what the latest filing says was sold so far, charted in the year of the first sale. Covers filings since Oct 1, 2021.

  1. May 8, 2025Raised $20 million in a private offering of equity43 Form D: 30 investors so far Form D

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
BlackRock, Inc.3,394,337$259.0M0.0%+86,351
State Street Corp1,472,643$112.4M0.0%+20,530
Kayne Anderson Rudnick Investment Management LLC1,423,285$108.6M0.3%−541,290
AltraVue Capital, LLC1,404,817$107.2M7.7%−26,900
Vanguard Capital Management LLC1,019,619$77.8M0.0%+20,731
Vanguard Portfolio Management LLC898,978$68.6M0.0%+25,394
Dimensional Fund Advisors LP839,369$64.1M0.0%+7,223
Barrow Hanley Mewhinney & Strauss LLC642,731$49.0M0.1%−120,485
Citadel Advisors LLC614,081$46.9M0.0%−1,524
American Century Companies Inc586,991$44.8M0.0%+108,540
Frontier Capital Management Co LLC584,333$44.6M0.4%−60,444
Geode Capital Management, LLC579,887$44.3M0.0%+33,028
Diamond Hill Capital Management, LLC (Investment Advisor)508,548$38.8M0.3%−30,279
Bank Of America Corp /de/501,324$38.3M0.0%+41,236
Ranger Investment Management, L.P.483,810$36.9M2.3%−39,441
Investment Management Associates Inc /adv353,851$27.0M6.9%−151
Charles Schwab Investment Management Inc291,556$22.2M0.0%+348
Northern Trust Corp236,195$18.0M0.0%−2,005
Morgan Stanley233,834$17.8M0.0%−102,579
Goldman Sachs Group Inc209,339$16.0M0.0%−58,958
Wells Fargo & Company/mn202,006$15.4M0.0%+7,057
Peregrine Capital Management LLC171,188$13.1M0.4%−8,734
Earnest Partners LLC171,003$13.0M0.0%+16,704
Hodges Capital Management Inc.162,265$12.4M0.8%+93,300
Russell Investments Group, Ltd.158,925$12.1M0.0%+5,850

13F reports cover disclosed long positions in U.S. stocks only.

SEC filer profile

How Triumph Financial, Inc. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARTriumph Financial, Inc.1
  • CIK0001539638
  • Employer ID (EIN)20-04770665
  • Filer statusLarge accelerated filer not an emerging growth company; not a smaller reporting company; not a shell company5
  • Incorporated inTexas5
  • Fiscal year endsDecember 311
  • Industry code (SIC)6022 State Commercial Banks1
  • SEC reviewing officeOffice of Finance, Division of Corporation Finance1
  • Business address12700 Park Central Drive, Suite 1700, Dallas, TX 752511
  • Phone(214) 365-69001
  • Shares outstanding23,894,537 as of Jul 17, 202612
  • Public float$1.2B as of Jun 30, 20255
  • AuditorCrowe LLP, Dallas, TX PCAOB ID 173; it also attests to the company’s internal control over financial reporting5
  • On EDGAR sinceJan 20, 20121
  • Filings999 in all: 4 (539), 8-K (162), 10-Q (36), SC 13G/A (34), 144 (32), 3 (29), DEFA14A (16), CORRESP (13)1
    All 42 form types

    10-K (12), 4/A (12), DEF 14A (12), SC 13G (12), UPLOAD (10), 424B5 (8), FWP (7), D (6), SCHEDULE 13G/A (6), S-8 (5), SCHEDULE 13G (5), 8-A12B (4), ARS (4), EFFECT (4), CERT (3), S-1/A (3), SC TO-I/A (3), 424B2 (2), 8-K/A (2), PRE 14A (2), S-3 (2), S-3/A (2), 25 (1), 424B3 (1), 424B4 (1), 424B7 (1), 5 (1), CERTNAS (1), DRS (1), S-1 (1), S-3ASR (1), S-4 (1), S-4/A (1), SC TO-I (1)

  • Latest filingsAnnual report (10-K) Feb 11, 2026
    Quarterly report (10-Q) Jul 21, 2026
    Proxy statement (DEF 14A) Mar 11, 2026
    Latest 8-K (8-K) Aug 31, 2026

Securities registered for trading

ClassSymbolExchange
Common Stock, Par Value $0.01 Per ShareTFINNew York Stock Exchange
7.125% Series C Fixed-Rate Non-Cumulative Perpetual Preferred StockTFIN PRNew York Stock Exchange

From the cover page of the 10-K filed Feb 11, 2026 (Section 12(b) of the Exchange Act).5

Risk factors and legal proceedings

The risks Triumph Financial, Inc. names in Item 1A of its 10-K filed Feb 11, 2026: 71 risks under these headings, as written.5

  • Economic Risks
  • As a business operating in the bank and non-bank financial services industries, our business and operations may be adversely affected in numerous and complex ways by weak economic conditions.
  • We may be adversely affected by the soundness of other financial institutions.
  • Credit and Interest Rate Risks
  • We are subject to interest rate risk, which could adversely affect our financial condition and profitability.
  • Our asset-based lending and factoring products may expose us to an increased risk of fraud.
  • Our commercial finance clients, particularly with respect to our factoring business and asset-based lending product lines, may lack the operating history, cash flows or balance sheet necessary to support other financing options and may expose us to additional credit risk, especially if our additional controls for such products are ineffective in mitigating such additional risks.
  • Our agriculture loans may expose us to risk of credit defaults due to changes in commodity prices.
  • Lack of seasoning in portions of our loan portfolio could increase risk of credit defaults in the future.
  • We may not be able to adequately measure and limit the credit risk associated with our loan portfolio, our business and financial condition, which could adversely affect profitability.
  • The small-to-mid-sized businesses that comprise a material portion of our loan portfolio may have fewer resources to weather a downturn in the economy, which may impair a borrower’s ability to repay a loan to us, which could materially harm our operating results.
  • Our concentration of large loans to certain borrowers may increase our credit risk.
The other 61 risks
  • The amount of our nonperforming assets may increase significantly, which could result in additional losses and costs that will negatively affect our operations.
  • Our Allowance for Credit Loss ("ACL") may prove to be insufficient to absorb life-time losses in our loan portfolio, which may adversely affect our business, financial condition and results of operations.
  • To the extent we engage in derivative transactions, we are exposed to credit and market risk, which could adversely affect our profitability and financial condition.
  • Strategic Risks
  • We rely heavily on our management team and could be adversely affected by the unexpected loss of key officers.
  • New lines of business or new products and services may subject us to additional risks. A failure to successfully manage these risks may have a material adverse effect on our business.
  • If we fail to manage our growth effectively, we may be unable to execute our business plan, maintain high levels of service and customer satisfaction, or adequately address competitive challenges.
  • Acquisitions may disrupt our business and dilute stockholder value. We may not be able to overcome the integration, costs and other risks associated with our recently completed and possible future acquisitions, which could adversely affect our growth and profitability.
  • Our acquisition history and any future acquisitions may make it difficult for investors to evaluate our business, financial condition and results of operations and also impairs our ability to accurately forecast our future performance.
  • We face significant competition to attract and retain customers, which could adversely affect our growth and profitability.
  • We may be unable to continue to use the domain names that we use in our business or prevent third parties from acquiring and using domain names that infringe on, are similar to, or otherwise decrease the value of our brand, trademarks, or service marks.
  • Transportation Concentration Risks
  • A substantial portion of our business is concentrated in the transportation industry and economic conditions or other factors negatively impacting the transportation industry could adversely affect our business and operations.
  • Additional regulations and rule making impacting the transportation industry may have a disproportionate impact on the small-to-mid-sized trucking businesses that comprise a significant portion of transportation factoring clients and adversely affect our factoring business.
  • Risks Relating to our Payments and Intelligence Businesses
  • Our growth prospects depend significantly on the success of our Payments and Intelligence businesses. If we do not attract and retain customers for these business lines, and increase our customers’ overall use of the products and services in our transportation network, our business and strategic outlook will suffer.
  • We have a limited operating history in rapidly evolving industries, which makes it difficult to evaluate our future prospects and may increase the risk that we will not be successful.
  • Our growth prospects and strategic outlook depend in part on adoption of the full payments platform functionality to conduct end to end integrated payments transactions that create benefit for the other parties to the payment transaction on the platform.
  • Our future Payments and Intelligence revenue will depend in part on our ability to expand the financial technology services we offer to our customers and increase adoption of those services.
  • Failure to maintain and enhance our brand recognition in a cost-effective manner could harm our business, financial condition, and results of operations.
  • We do not have sufficient history with our Payment and Intelligence pricing models to accurately predict optimal pricing strategies necessary to attract new customers and retain existing customers.
  • Our Payments business is exposed to risks associated with the handling of customer funds.
  • Any failure to offer high-quality customer support may adversely affect our relationships with our customers and could adversely affect our business, financial condition, and results of operations.
  • We are responsible for transmitting a high volume of sensitive information through our network platform, and our success depends upon the security of this platform. Any actual or perceived breach of our system that would result in disclosure of such information could materially impact our business.
  • Interruptions or performance problems associated with our network technology and infrastructure may adversely affect our business and operating results.
  • Our success depends upon our ability to continually enhance the performance, reliability, and features of our network platform.
  • Defects, errors, or vulnerabilities in our applications, backend systems, or other technology systems and those of third-party technology providers could harm our reputation and brand and adversely impact our business, financial condition, and results of operations.
  • Our risk management strategies may not be fully effective in mitigating our risk exposure in all market environments or against all types of risk.
  • The payments, data and financial technology industries in which we participate are intensely competitive, and if we do not compete effectively, our operating results could be adversely affected.
  • Potential changes in competitive landscape, including disintermediation from other participants in the payments chain, could harm our business.
  • We expend significant resources pursuing sales opportunities, and if we fail to close sales after expending significant time and resources to do so, our business, financial condition, and results of operations could be adversely affected.
  • We depend on the interoperability of our payments platform across third-party applications and services that we do not control.
  • If we fail to adequately protect our intellectual property rights, our competitive position could be impaired and we may lose valuable assets, generate reduced revenue and become subject to costly litigation to protect our rights.
  • We may be subject to intellectual property rights claims by third parties in the future, which could be extremely costly to defend, could require us to pay significant damages and could limit our ability to use certain technologies.
  • Operational Risks
  • Cybersecurity events could subject us to increased operating costs as well as litigation and other potential losses.
  • We primarily rely on Amazon Web Services to deliver our services to customers on our Payments and Factoring platforms, and any disruption of or interference with our use of Amazon Web Services could adversely affect our business, financial condition, and results of operations.
  • The amount of other real estate owned (“OREO”) may increase significantly, resulting in additional losses and costs and expenses that will negatively affect our operations.
  • Nonperforming assets take significant time and resources to resolve and adversely affect our results of operations and financial condition.
  • A lack of liquidity could adversely affect our operations and jeopardize our business, financial condition and results of operations.
  • Our risk management strategies may not be fully effective in mitigating our risk exposures in all market environments or against all types of risk.
  • We face significant operational risks due to the high volume and the high dollar value nature of transactions we process.
  • We may invest in collateralized loan obligation ("CLO") securities or CLO warehouse financing structures, which may expose us to losses in connection with such investments.
  • Risks Relating to the Regulation of Our Industry
  • Our business, financial condition, results of operations and future prospects could be adversely affected by the highly regulated environment in which we operate.
  • Legislative and regulatory actions taken now or in the future may increase our costs and impact our business, governance structure, financial condition or results of operations.
  • Federal and state regulators periodically examine our business and we may be required to remediate adverse examination findings.
  • Our FDIC deposit insurance premiums and assessments may increase.
  • The Federal Reserve may require us to commit capital resources to support our subsidiary bank.
  • Future acquisitions generally will require regulatory approvals.
  • Future legislation or actions could harm our competitive position.
  • We are subject to commercial real estate lending guidance issued by the federal banking regulators that impacts our operations and capital requirements.
  • Regulatory initiatives regarding bank capital requirements may require heightened capital.
  • We are subject to numerous laws designed to protect consumers, including the CRA and fair lending laws and failure to comply with these laws could lead to a wide variety of sanctions.
  • Federal, state and local consumer lending laws may restrict our ability to originate certain mortgage loans or increase our risk of liability with respect to such loans and could increase our cost of doing business.
  • We face a risk of noncompliance and enforcement action with the Bank Secrecy Act and other anti-money laundering statutes and regulations.
  • There are substantial regulatory limitations on changes of control of a bank holding company.
  • Risks Relating to the Company’s Common Stock
  • The market price of our common stock may be subject to substantial fluctuations, which may make it difficult for you to sell your shares at the volume, prices and times desired.
  • Securities analysts may not continue coverage on our common stock, which could adversely affect the market for our common stock.
  • The holders of our indebtedness and preferred stock have rights that are senior to those of our common stockholders.
  • We depend on the profitability of our bank subsidiary.
  • We do not intend to pay dividends in the foreseeable future and our future ability to pay dividends is subject to restrictions.
  • Our corporate governance documents and certain corporate and banking laws applicable to us could make a takeover more difficult.
  • General Risks
  • The fair value of our investment securities can fluctuate due to factors outside of our control and impairment of investment securities could require charges to earnings, which could result in a negative impact on our results of operations.
  • Impairment of goodwill, other intangible assets or deferred tax assets could require charges to earnings, which could result in a negative impact on our results of operations.
  • Risks for environmental liability apply to the properties under consideration as well as properties that are contiguous or upgradient to the subject properties.

Legal proceedings

From time to time we are a party to various litigation matters incidental to the conduct of our business. Except as set forth below, we are not presently party to any legal proceedings the resolution of which we believe would have a material adverse effect on our business, prospects, financial condition, liquidity, results of operation, cash flows or capital levels.

The opening of Item 3, Legal Proceedings.5

Sources

The numbers on this page point here. Each one links to the record it came from.

  1. 1
  2. 2
  3. 3
  4. 4
  5. 5
  6. 6
  7. 7
  8. 8
  9. 9
  10. 10
  11. 11
  12. 12
  13. 13
  14. 14
  15. 15
  16. 16
  17. 17
  18. 18
  19. 19
  20. 20
  21. 21
  22. 22
  23. 23
  24. 24
  25. 25
  26. 26
  27. 27
  28. 28
  29. 29
  30. 30
  31. 31
  32. 32
  33. 33
  34. 34
  35. 35
  36. 36
  37. 37
  38. 38
  39. 39
  40. 40
  41. 41
  42. 42
  43. 43
  44. 44
    SEC EDGAROther events
  45. 45
  46. 46
    SEC EDGAROther events
  47. 47
  48. 48
  49. 49
    SEC EDGAROther events
  50. 50
  51. 51
    SEC EDGAROther events
  52. 52
  53. 53
    SEC EDGAROther events
  54. 54
    SEC EDGAROther events
  55. 55
    SEC EDGAROther events
  56. 56
  57. 57
  58. 58
  59. 59
  60. 60
  61. 61
  62. 62
  63. 63
  64. 64
  65. 65
  66. 66
  67. 67
  68. 68
  69. 69
  70. 70
  71. 71