Triumph Financial, Inc. (NASDAQ:TFIN) Q4 2023 Earnings Conference Call January 24, 2024 10:30 AM ET
Company Participants
Luke Wyse - SVP, Finance & IR
Aaron Graft - Founder, Vice Chairman, & CEO
Brad Voss - EVP & CFO
Melissa Forman - President
Todd Ritterbusch - President, TBK Bank, SSB
Tim Valdez - President
Conference Call Participants
Joseph Yanchunis - Raymond James
Frank Schiraldi - Piper Sandler
Gary Tenner - D.A. Davidson
Michael Perito - KBW
Thomas Wendler - Stephens
Luke Wyse
Good morning. It's 9:30 in Dallas, and we're looking forward to our time with you this morning. I'd like to start by thanking you for your interest in Triumph Financial. I speak with enough of you to know what a busy time of year this is, and we sincerely appreciate you taking a moment to discuss our Fourth Quarter results with us.
With that, let's get to business. We had some great developments this quarter, and we're carrying a lot of momentum despite a persistently challenging freight environment. As you read in the letter last evening, we are also working on some interesting opportunities and seeing positive results from our efforts and investments. We remain encouraged and optimistic.
Last evening, we published our quarterly shareholder letter. That letter and our quarterly results will form the basis of our call today. However, before we get started, I would like to remind you that this conversation may include forward-looking statements. Those statements are subject to risks and uncertainties that could cause actual and anticipated results to differ. The company undertakes no obligation to publicly revise any forward-looking statements. For details, please refer to the safe harbor statement in our shareholder letter published last evening. All comments made during today's call are subject to that safe harbor statement.
With that, I'd like to turn the call over to Aaron for a welcome and to kick off our Q&A. Aaron?
Aaron Graft
Thank you, Luke. Good morning, everyone, and welcome. I too, hope that you found the shareholder letter, informative and even thought provoking. Before turning it over to questions, I do want to reiterate the four things that I think investors should know. First, TriumphPay hit the much anticipated target of being breakeven one year ahead of schedule. We're not calling this a mission accomplished moment. but it is encouraging to see this performance in the face of a very soft transportation market.