Triumph Financial, Inc. (NASDAQ:TFIN) Q3 2024 Earnings Conference Call October 17, 2024 10:30 AM ET
Company Participants
Luke Wyse - Senior Vice President, Head of Investor Relations
Aaron Graft - Founder, Vice Chairman and Chief Executive Officer
Kim Fisk - Executive Vice President and Chief Operating Officer, Factoring Division
Melissa Forman - Executive Vice President and President, TriumphPay
Todd Ritterbusch - President, TBK Bank
Conference Call Participants
Joe Yanchunis - Raymond James
Matthew Olney - Stephens
Gary Tenner - D.A. Davidson
Timothy Switzer - KBW
Hal Goetsch - B. Riley
Luke Wyse
Good morning. It's 9:30 in Dallas. So let's get started. We'd like to open by thanking you for your interest in Triumph and for joining us this morning to discuss our Third Quarter Results. We appreciate it. With that, let's get to business.
Aaron's letter last evening discussed the quarter's results and provided more color on the products we have introduced and are introducing to the market, which we believe will create long-term shareholder value. We are excited about those opportunities, particularly where we can help America's truckers get immediate access to working capital and allow partners to leverage our transportation technology investments. That quarterly shareholder letter published last evening 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 kickoff and to welcome us to Q&A. Aaron?
Aaron Graft
Thank you, Luke, and welcome, everyone, to the call.
Before I give a few opening thoughts, I want to welcome Kim Fisk to the table. Kim has worked in our factoring business for 12-years and currently serves as Chief Operating Officer. We gave Kim the morning off so investors could hear from Kim. And having worked alongside Kim as long as I have, I can assure you that she is worth hearing from.
The letter we filed last night covers lots of topics. Among them is the acknowledgment that freight continues to be tough right now. There's no getting around it. I see nothing upon which to hang a reasonable hope of a turnaround in the short-term. In the long-term, however, I know that it will turn around. Notwithstanding the market, there are many things to celebrate. C.H. Robinson has gone live with TriumphPay on the network and we are in a pilot launch of FaaS and LoadPay with C.H. Robinson.