Triumph Financial, Inc. Goodwill & Intangibles Disclosure
| (Dollars in thousands) | December 31, 2025 | December 31, 2024 | |||||||||
| Goodwill | $ | 355,296 | $ | 241,949 | |||||||
| December 31, 2025 | December 31, 2024 | ||||||||||||||||||||||||||||||||||
| (Dollars in thousands) | Gross Carrying Amount | Accumulated Amortization | Net Carrying Amount | Gross Carrying Amount | Accumulated Amortization | Net Carrying Amount | |||||||||||||||||||||||||||||
| Core deposit intangibles | $ | 43,578 | $ | (41,836) | $ | 1,742 | $ | 43,578 | $ | (40,310) | $ | 3,268 | |||||||||||||||||||||||
| Software intangible asset | 26,932 | (18,461) | 8,471 | 18,612 | (15,168) | 3,444 | |||||||||||||||||||||||||||||
| Customer relationship intangibles | 65,494 | (28,776) | 36,718 | 30,014 | (23,053) | 6,961 | |||||||||||||||||||||||||||||
| Other intangible assets | 3,641 | (2,684) | 957 | 5,627 | (3,041) | 2,586 | |||||||||||||||||||||||||||||
| $ | 139,645 | $ | (91,757) | $ | 47,888 | $ | 97,831 | $ | (81,572) | $ | 16,259 | ||||||||||||||||||||||||
| (Dollars in thousands) | Total | Corporate | ||||||||||||||||||||||||||||||||||||||||||
| December 31, 2025 | Banking | Factoring | Payments | Intelligence | Segments | and Other | Total | |||||||||||||||||||||||||||||||||||||
| Beginning balance | $ | 110,974 | $ | 57,671 | $ | 77,985 | $ | 10,000 | $ | 256,630 | $ | 1,578 | $ | 258,208 | ||||||||||||||||||||||||||||||
| Acquired goodwill | — | 16,293 | 15,601 | 81,453 | 113,347 | — | 113,347 | |||||||||||||||||||||||||||||||||||||
| Acquired intangibles | — | — | 14,625 | 29,180 | 43,805 | 119 | 43,924 | |||||||||||||||||||||||||||||||||||||
| Divestiture of intangibles | — | — | — | — | — | (646) | (646) | |||||||||||||||||||||||||||||||||||||
| Amortization of intangibles | (1,540) | (772) | (4,751) | (3,713) | (10,776) | (806) | (11,582) | |||||||||||||||||||||||||||||||||||||
| Amortization of intangibles included in lease income | — | — | — | — | — | (67) | (67) | |||||||||||||||||||||||||||||||||||||
| Ending balance | $ | 109,434 | $ | 73,192 | $ | 103,460 | $ | 116,920 | $ | 403,006 | $ | 178 | $ | 403,184 | ||||||||||||||||||||||||||||||
| (Dollars in thousands) | Total | Corporate | ||||||||||||||||||||||||||||||||||||||||||
| December 31, 2024 | Banking | Factoring | Payments | Intelligence | Segments | and Other | Total | |||||||||||||||||||||||||||||||||||||
| Beginning balance | $ | 113,346 | $ | 59,161 | $ | 84,748 | $ | — | $ | 257,255 | $ | 100 | $ | 257,355 | ||||||||||||||||||||||||||||||
| Acquired goodwill | — | — | — | 8,240 | 8,240 | — | 8,240 | |||||||||||||||||||||||||||||||||||||
| Acquired intangibles | — | — | — | 1,760 | 1,760 | 2,920 | 4,680 | |||||||||||||||||||||||||||||||||||||
| Amortization of intangibles | (2,372) | (1,490) | (6,763) | — | (10,625) | (1,367) | (11,992) | |||||||||||||||||||||||||||||||||||||
| Amortization of intangibles included in lease income | — | — | — | — | — | (75) | (75) | |||||||||||||||||||||||||||||||||||||
| Ending balance | $ | 110,974 | $ | 57,671 | $ | 77,985 | $ | 10,000 | $ | 256,630 | $ | 1,578 | $ | 258,208 | ||||||||||||||||||||||||||||||
| (Dollars in thousands) | Total | Corporate | ||||||||||||||||||||||||||||||||||||||||||
| December 31, 2023 | Banking | Factoring | Payments | Intelligence | Segments | and Other | Total | |||||||||||||||||||||||||||||||||||||
| Beginning balance | $ | 116,296 | $ | 60,982 | $ | 88,389 | $ | — | $ | 265,667 | $ | 100 | $ | 265,767 | ||||||||||||||||||||||||||||||
| Acquired intangibles | — | — | 3,042 | — | 3,042 | — | 3,042 | |||||||||||||||||||||||||||||||||||||
| Amortization of intangibles | (2,950) | (1,821) | (6,683) | — | (11,454) | — | (11,454) | |||||||||||||||||||||||||||||||||||||
| Ending balance | $ | 113,346 | $ | 59,161 | $ | 84,748 | $ | — | $ | 257,255 | $ | 100 | $ | 257,355 | ||||||||||||||||||||||||||||||
| (Dollars in thousands) | |||||
| 2026 | $ | 9,828 | |||
| 2027 | 8,487 | ||||
| 2028 | 7,328 | ||||
| 2029 | 6,064 | ||||
| 2030 | 4,329 | ||||
| Thereafter | 11,002 | ||||
| $ | 47,038 | ||||
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Feb 11, 2026 | Showing above |
| 2024 | Feb 11, 2025 | |
| 2023 | Feb 13, 2024 | |
| 2022 | Feb 15, 2023 | |
| 2021 | Feb 14, 2022 | |
| 2020 | Feb 12, 2021 | |
| 2019 | Feb 11, 2020 | |
| 2018 | Feb 12, 2019 | |
| 2017 | Feb 13, 2018 | |
| 2016 | Feb 17, 2017 | |
| 2015 | Feb 26, 2016 | |
About Goodwill & Intangibles Disclosures
Goodwill and intangible asset disclosures reveal the premium paid in acquisitions and how management assesses whether that premium retains its value. Since goodwill is no longer amortized under US GAAP, the annual impairment test is the only mechanism that adjusts carrying values downward — making the assumptions behind that test critically important for investors.
Key signals: a history of goodwill impairments suggests management consistently overpays for acquisitions. Watch the gap between reporting unit fair value and carrying amount — when fair value exceeds carrying amount by less than 10-20%, a small decline in business performance could trigger a write-down. For finite-lived intangibles, examine useful life assumptions across customer relationships, technology, and trade names; aggressive estimates inflate near-term earnings. Compare total intangibles-to-total-assets ratios against peers to assess acquisition dependency. Rising goodwill as a percentage of equity can signal balance sheet fragility.